Nauticus SPAC Presentation Deck

VALUATION BENCHMARKING: EV / EBITDA 2022E 2023E 2024E Positive NAUTICUS¹ 12.2 x NAUTICUS¹ 3.4 x NAUTICUS¹ Primary RaaS Comps Negative sAacos Negative sAacos 33.0 x sAacos Negative BG BG Source: Capital IQ, SEC filings and company disclosures; Nauticus projected figures per internal forecast Notes: Market data as of November 15, 2021 ET/CT= Recent Energy Transition & Clean-Tech de-SPACS, R&A= Robotics & Automation, DCC= Disruptive Category Creators, AE/AP= Recent All-Electric Autonomous Platforms de-SPACS BERKSHIRE GREY Negative BERKSHIRE GREY Negative BG BERKSHIRE GREY Negative ET/CT See note2 ET/CT 35.0 x ET/CT Secondary Comps 22.5 x R&A 22.5 x R&A 18.4 x R&A 1 Based on Nauticus enterprise value of $377mm at $10/share 2 In 2023, only one of the four companies (ESS Tech) in the ET/CT category have a positive EBITDA and it is negligible to the point that it implies an EV/EBITDA multiple of 877.5x 59.7 x DCC 38.4 x DCC 29.9 x DCC Negative AE/AP 28.5 x AE/AP 28.5 x AE/AP nauticus robotics 36

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