Nexters SPAC Presentation Deck

Summary financial projections Net bookings ($m) 600 500 400 300 200 100 0 · 315 2020A 358 9 348 2021E Hero Wars 25% CAGR 25% Net bookings CAGR in 2021-2023E 461 84 377 2022E New titles Including 6% growth from Hero Wars with the remainder coming from the new titles M&A as core strategy and additional contributor 562 169 394 2023E Management EBITDA (¹) ($m) 250 200 150 100 50 ● ● 39% 138 2021E 35% 163 2022E nexters 36% 201 2023E O 21% Management EBITDA CAGR in 2021-2023E Investments in new titles marketing and aggressive LiveOps / development team hires leading to modest margin contraction in 2022-2023 Source: Company information Note: Projections for Hero Wars and new titles (1) Management EBITDA is a non-IFRS measure defined as net bookings less marketing expenses less cost of sales and G&A, before share-based compensation, D&A, non-operating and one-off expenses, e.g. 2021 listing expense (2) As % of net bookings 28 Management EBITDA margin (2)

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