Investor Presentation

INSPIRATO Inspirato has numerous options for optimizing margin Projected Margin Expansion Growth: Subscription Sales vs. Revenue ✓ Subscription pricing ✓ ADR and utilization opportunity 2021E 2025E Stabilized³ Gross margin Revenue Growth: 35% 29% 10% ✓ Portfolio optimization ✓ In-sourcing key vendor categories Gross Margin: 31% 32% 41% Adjusted EBITDA Margin Adjusted EBITDA Margin¹, 2: (7%) 12% 23% ✓ Moderate Sales & Marketing ✓ Leverage Technology spend ✓ Scale Corporate G&A Source: Company financial model as of 05/07/2021 Notes: 1. 3. Adjusted EBITDA is a non-GAAP financial measure that we define as net income (loss) before interest expense, interest income, taxes, depreciation and amortization, equity-based compensation expense, warrant fair value gains and losses, losses on sale of assets, pandemic related severance costs, public company readiness expenses, and gain on forgiveness of debt. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue The information presented under "Stabilized" is presented for illustrative purposes only. Inspirato may not choose to prioritize or optimize for margin during the projected years to target achievement of such projections CONFIDENTIAL 42

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