Investor Presentaiton

C www DD3 Acquisition Corp. II Spain Case Study: Unit Economics and Path to Targeted Contribution Unit Economics and Return on Marketing Investment (2020 Cohort) (1) Illustrative Path to Targeted Net Gaming Revenue & Contribution NGR / Gross Profit (2020 Cohort) Targeted NGR Payback: Month 8 Targeted Gross Profit Payback: Month 13 ~3x LTV/CPA (2) >2x Revenue Expansion -20% EBITDA Margin ~4x LTV/CPA(2) M1 M6 M11 M16 M21 M26 M31 M36 2020A Targeted NGR Gross Profit - CPA (Targeted) ■Net Gaming Revenue ■EBITDA Note: Spain Effective Gaming Tax Rate: 10% ~40% EBITDA Margin Commentary Given the advertising limitations in place in Spain, our marketing investment is expected to be more targeted and focused on high-yielding digital channels aiming to acquire customers, driving superior return on marketing investment and shorter CPA payback periods Note: Gross profit represents NGR less variable expenses (gaming taxes, payment processing, and other third party services). (1) Based on actual cohort data through March 2021, and management estimates thereafter. (2) LTV based on five-year player spend. 32

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