Adtheorent SPAC Presentation Deck

Proven Track Record of Growth and Profitability "Rule of 50+" Business Unique combination of strong growth and profitability at scale ● Sustainable Organic Growth Customer KPIs underpinning forecast Multiple drivers of additional upside beyond plan ● ● Ability to exceed 17.6% programmatic market growth Scalable Business Model Targeted investments in marketing and technology to support future growth ● Increased G&A driven by public company expenses Confidential | Page 31 ($ in Millions) YOY Growth $50.7 2017A ($ in Millions) Margin¹ 28.4% $14.4 2017A 32.2% $67.0 2018A 30.2% $20.3 2018A Revenue ex-TAC¹ 15.6% $77.5 '17A-¹23P CAGR: 22.0% 2019A 35.1% 1.8% $27.2 2019A $78.9 (1) Metric excludes media inventory and other costs related to AdServing, AdVerification, Data providers, and Research from gross revenue. (2) See appendix for EBITDA to Adj. EBITDA reconciliation. (3) Calculated on a Revenue ex-TAC basis. 2020A Adj. EBITDA23 34.7% 29.7% '17A-'23P CAGR: 23.8% $27.4 $102.4 2020A 2021P 29.9% $30.6 2021P 28.0% $131.1 2022P 27.9% $36.6 2022P 27.4% $167.0 2023P 31.1% $51.9 2023P ADTHEORENT

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