Navitas SPAC Presentation Deck

Trading Statistics: Recent DeSPACs, Recent Semiconductor IPOs and Power Semiconductors EV / CY2023E and CY2025E Projected Revenue 2.3x 25E Navitas O Navitas Semiconductor 2021 6.2x 3.2x 23E 25E Median Semiconductor DeSPACs (1) 18.5x 2.0x 23E 25E Median LIDAR DeSPACs (2) 5.7x 23E Navitas Recent Semiconductor IPOs Median 2022E: 7.3x 8.6x Si Time EV / CY2022E Projected Revenue 6.1x ALLEGRO microsystems Note: Market data as of May 4, 2021. Multiples above 75.0x are considered not material. (1) Semiconductor DeSPACs include Indie and Achronix. (2) (3) LIDAR DESPACs include Aeva, Aeye, Innoviz Technologies, Luminar, Ouster and Velodyne Lidar. (3) FY2023E used as a proxy for CY2022E. FY ends March 31. (4) Represents Wolfspeed segment. Source: company filings, FactSet. Power Semiconductors Next-Gen High Growth Median 2022E: 13.4x Median 2022E: 9.0x 13.5x تتتآآ CREE (4) 13.4x MPS Monolithic Power Systems 6.1x power integrations Navitas Mature Diversified 9.3x TEXAS INSTRUMENTS 8.8x ANALOG DEVICES 36

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