Playboy SPAC Presentation Deck

PLAYBOY 2020 25 Near-Term Growth Drivers 2020 GROWTH ASSUMPTIONS Transition to consumer products and owned and operated model Acquisition of Yandy on 12/31/2019 Sexual wellness products (i.e. condoms, lubricants, and wipes) being rolled out in Walmart and CVS stores in September 2020 . Continued geographic expansion in U.S., EU and Asia 2021 GROWTH ASSUMPTIONS Continued transition to owned and operated Increasing sales of Playboy sexual wellness products - CBD, lubricants, wipes, condoms, and adult toys . Growth in licensed and owned digital gaming Continued expansion to new geographies and product categories Source: Management projections. 12018-2019A revenues and EBITDA do not include Yandy. Yandy was acquired by Playboy in Dec 2019. *See non-GAAP to GAAP reconciliations at the end of the presentation. $78.2 2018A $13.5 ADJUSTED REVENUE ($MM)¹ 2018A YOY 2018A Adjusted Revenue Growth (2.0%) $11.7 $78.2 2019A 2019A 2019A 2020E (0.0%) 67.8% ADJUSTED EBITDA ($MM)¹ YOY Adjusted EBITDA Growth $24.1 2020E $131.2 2018A 6.6% 2020E $40.3 2021E 2019A 2020E (13.5%) 105.9% 2021E 27.1% 2021E 67.0% $166.8 2021E $100.0 2025 Target

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