Quanergy SPAC Presentation Deck

Transaction summary and pro forma ownership TRANSACTION SUMMARY TRANSACTION STRUCTURE ▪ CCAC has proposed to enter into a business combination with Quanergy VALUATION ▪ Pro forma enterprise value of $1.1 billion post business combination ▪ 2.0x 2025E projected revenue of $549 million ▪ 5.6x 2025E projected EBITDA of $191 million CAPITAL STRUCTURE ▪ Transaction is expected to be funded by a combination of cash held in trust of $276 million and net proceeds from a $40 million PIPE Expected to result in $278 million of net cash (2) to the balance sheet, assuming no redemptions from public shareholders PRO FORMA OWNERSHIP (1) (2) ■ O Seller Rollover 71.6% SPAC Investors 20.4% PIPE Investors 3.0% Founder Shares 5.1% PRO FORMA VALUATION (in millions, except per share) (1) Share Price Pro Forma Shares Outstanding (2) Equity Value Less: Net Cash (3) Enterprise Value SOURCES AND USES (in millions) (2) $ Sources Seller Rollover Cash in Trust PIPE Equity Founder Shares Total Sources $10.00 135.5 $1,355 278 $1,077 Uses Seller Rollover Cash to Balance Sheet Debt Pay-Down Founder Shares Transaction Fees Total Uses $970 276 40 69 $1,355 $970 246 35 69 35 $1,355 % 71.6% 20.4% 3.0% 5.1% 100.0% Shares 97.0 27.6 4.0 6.9 135.5 (1) Based on capital structure as of 6/8/21 assuming no shareholder redemptions and excluding warrants. Ownership figures do not add to 100.0% due to rounding. (2) Based on fully diluted shares outstanding assuming net share settlement of existing Quanergy options, RSUS and warrants at a pro forma $10.00 share price. (3) Estimated net cash is comprised of $276M cash in trust, $40M in PIPE proceeds and $33M of estimated Company cash at Closing, minus $35M in debt pay-down and $35M in estimated offering expenses. QUANERGY 30

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