Skillz Investor Day Presentation Deck

42 Key Driver is new user features Key Risks include product development and user adoption Key Upsides include new content GROWING USER RETENTION OR ENGAGEMENT LTV (GPAEM basis) Historical Quarterly Cohort LTV 500% 400% 300% 200% 100% 0% Q1 Q1 2018 Q3 Q2 -Q2 2018 -Q2 2020 Q4 Q5 -Q3 2018 -Q3 2020 Q6 -Q4 2018 -Q4 2020 Q7 Q8 Q1 2019 Q1 2021 Q9 Q10 Q2 2019 -Q2 2021 Q11 Q12 -Q3 2019 Q3 2021 Q13 Q14 Q4 2019 Q4 2021 Q15 Q16 Q1 2020 Note: LTV calculated based on cumulative gross profit after engagement marketing. LTV shown on a per paying user basis. LTV performance is indexed to the first quarter that the cohorts are acquired. skillz

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