Topps SPAC Presentation Deck slide image

Topps SPAC Presentation Deck

24 2 11.2% 3 Pro Forma Adj. EBITDA Margin (%)(b) ¹19A ...driving consistently attractive margins Financial Overview 16.2% '20A 15.1% '21E(a) Consolidated ■ I ■ 14.8% 4 '22E(a) 5 13.3% '19A 24.0% ¹20A 22.2% Adj. EBITDA Margin (%)(b) '21E(a) Sports & Entertainment 21.9% '22E(a) 1 19.3% ¹19A 19.5% '20A 18.4% Sports & Entertainment driving growth with expanding margins Strong foundation in the Digital channels poised for rapid growth Stable Confections revenue and margins '21E(a) Confections Note: Confections and S&E Adj. EBITDA margins do not include an allocation of corporate expenses. Consolidated Pro Forma Adj. EBITDA Margins include the pro forma impact of estimated annualized public company costs for 2020A-2022E. 2019A excludes the burden of public company costs. (a) Projections use Topps management estimates. With respect to projections, see slide 1 "Use of Projections" under "Disclaimer." (b) With respect to Non-GAAP financial measures, see slide 1 "Non-GAAP Financial Measures" under "Disclaimer" and reconciliation set forth in Appendix slide 34. 17.5% '22E(a) LOPPS
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