Azerion SPAC Presentation Deck

Basis of preparation of statements and financial reporting Financial reporting Consolidated financial statements are prepared in accordance with IFRS for 2020 and 2019, and in accordance to Dutch GAAP for 2018 No restatement of Dutch GAAP figures to IFRS is provided ● Non-IFRS metrics Gross profit is defined as revenue minus costs of services and materials Reported EBITDA represents operating profit / (loss) excluding depreciation, amortization and impairment of non-current assets Adjusted EBITDA is defined as reported EBITDA after adjustments made for any non-recurring costs. Typical examples of these non-recurring items are costs incurred in relation to acquisitions, refinancing, capital markets, severance and restructuring. Organic / Pro forma Financial figures are presented as reported, accounting for acquisitions from the closing date Organic growth refers to growth excluding acquisition in current period, i.e. as if acquisitions had not occurred Pro forma figures refer to figures giving full year effect for the acquisitions, i.e. as if acquisitions had occurred as of 1 January of the year Acquisitions accounted in the pro forma 2021 figures include: Genba Digital, Whow Games, Strossle, Delta Projects, Admeen, Sublime, Kmobile, Pubgalaxy and Inskin ● ● ● ● azerion 49

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