Taboola Investor Presentation Deck

HISTORICAL FREE CASH FLOW RECONCILIATION ($ in millions) Net cash from operating activities Net cash used in the following investing activities Intangible assets Purchase of IT equipment & Leasehold Improvement Free Cash Flow 1 Taboola S 2019A 18 (44) (6) (38) (26) 2020A 139 (18) (9) (9) 121 (1) Adj. EBITDA plus the change in working capital reflects the Net cash provided by operating activities. S 2021A 64 (39) (14) (25) 25 $ 2022A 54 (35) (13) (22) 19 58

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