Presto SPAC Presentation Deck

Labor is a "Hair-on-Fire" Problem for Hospitality Labor Shortages & Costs Lack of Labor Operational Gaps Slow speed of service High turnover → poor guest experiences Increased overhead in hiring workers Source: Public company filings. Largest expense category: -30% of sales Major nationwide labor crunch Rising minimum wages Significantly Lower Margins Due to Labor Costs Restaurant Operations are Painfully Analog, and Customers are Looking for Innovative Solutions Staff Not Equipped to Make Good Decisions Managers rely on "gut-feelings" to make business decisions ● Lack of data to inform decision making Confidential - Do Not Distribute presto 10

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