Enovix SPAC Presentation Deck

31 Strategy to Win in $75B Market CAGR 11% Lithium-ion Cell TAM $45B 2020 $75B1 2025 Mobile computing TAM $13B ASP $0.36-$4.00/Wh Electric vehicles/other6 TAM $62B ASP $0.10-$0.36/Wh $13B ¹ Avicenne Energy, "The Worldwide Rechargeable Battery Market," January 2019 2 Trendforce AR/VR Devices Shipment, July 2020; Company estimates as of January 2021 3 IDC Worldwide Wearable Device Forecast 2020-25, January 2021; Company estimates as of January 2021 4 IDC Quarterly Personal Computing Device Tracker, January 2021; Company estimates as of January 2021 5 IDC Quarterly Mobile Phone Tracker, January 2021; Company estimates as of January 2021 6 Approximately $3B Tam of Other applications and devices; Company estimates as of January 2021 Premium segments AR/VR2: $0.2B Wearables³: $3.0B Compute 4: $1.8B Mobile Comm5: $8.2B enovix

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