Playboy SPAC Presentation Deck

PLAYBOY 2020 34 Comparable Company Benchmarking (1/3) EV / 2021E Adjusted EBITDA 2019A-2021E Adjusted Revenue CAGR 2019A-2021E Adjusted EBITDA CAGR Adjusted EBITDA Margin 10.3x Playboy 46.0% Playboy 85.4% Playboy 24.1% ¹ Playboy 19.5x Sexual Wellness 3.6% Sexual Wellness 1.9% Sexual Wellness 25.3% Sexual Wellness 10.4x Fashion Apparel & Accessoires Digital and Experiences (4.0%) Fashion Apparel & Accessoires 12.3% 13.6x Fashion Apparel & Accessoires ¹ Figure represents Playboy's 2021 adjusted EBITDA margin. Source(s): Capital IQ as of 09/25/2020; Management. Note(s): Figures for public comparable companies represent median figures and unadjusted revenue; Playboy's EV/2021E EBITDA multiple assumes a $413mm pro forma Enterprise Value; see non-GAAP to GAAP reconciliations at the end of the presentation. 13.6% (8.4%) Fashion Apparel & Accessoires Digital and Experiences Digital and Experiences 3.8% 24.7% Digital and Experiences. 14.2x Beauty & Grooming 0.3% Beauty & Grooming (2.0%) Beauty & Grooming 19.9% Beauty & Grooming 17.8x Direct to Customer 22.1% Direct to Customer 80.4% Direct to Customer 3.3% Direct to Customer 13.7x Aggregate Comps 3.3% Aggregate Comps 2.9% Aggregate Comps 15.2% Aggregate Comps

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