LionTree Investment Banking Pitch Book

Pro Forma Financial Overview ($mm) Revenue EBITDA (Pre-SBC) Capex OpFCF Luna % Growth Saturn % Growth Total Revenue % Growth Luna % Margin Saturn % Margin Cost Synergies Total EBITDA % Margin Luna % of Revenue Saturn % of Revenue Total Capex % of Revenue Luna % of Revenue Saturn % of Revenue Total Synergies Total OpFCF % of Revenue 2015A 2,360 1,700 4,061 166 7.0% 462 27.1% 628 15.5% 18 0.8% 17 1.0% 35 0.9% 148 6.3% 444 26.1% 593 14.6% Calendar Year Ended December 31, 2017E 2018E 3,446 16.1% 2016E 2,726 15.5% 1,700 0.0% 4,427 9.0% 172 6.3% 490 28.8% 662 15.0% 13 0.5% 24 1.4% 37 0.8% 159 5.8% 466 27.4% 625 14.1% 2,968 8.9% 1,789 5.2% 4,757 7.5% 213 7.2% 543 30.3% 52 808 17.0% 8 0.3% 19 1.0% 27 0.6% 205 6.9% 524 29.3% 52 781 16.4% 1,868 4.4% 5,314 11.7% 281 8.2% 612 32.8% 52 945 17.8% 7 0.2% 13 0.7% 20 0.4% 274 7.9% 599 32.1% 52 925 17.4% 2019E 3,474 0.8% 1,930 3.3% 5,404 1.7% 313 9.0% 633 32.8% LionTree Source: Saturn projections per Saturn management; Luna projections per Luna management, as reviewed by Saturn 52 998 18.5% 7 0.2% 20 1.0% 27 0.5% 306 8.8% 613 31.8% 52 970 18.0% 2020E 3,452 (0.7%) 1,995 3.4% 5,447 0.8% 316 9.2% 654 32.8% 52 1,022 18.8% 7 0.2% 21 1.0% 28 0.5% 309 9.0% 634 31.8% 52 995 18.3% CAGR '15A-¹20E 7.9% 3.3% 6.1% 13.7% 7.2% 10.2% 15.8% 7.4% 10.9% 18

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