Bigbear AI SPAC Presentation Deck

Big Data Analytics Powered by Artificial Intelligence & Machine Learning A POWERFUL FORCE IN BIG DATA ANALYTICS Modular end-to-end offering enables customers to optimize decisions by ingesting and mining disparate data to deliver Al-powered advice and insights Large addressable market growth driven by rapid proliferation of data and connected devices I ■ Broader Al/ML market projected to grow at ~40% CAGR over the next 5 years to reach ~$310B by 2026(¹1) ▪ Land & expand strategy: track record of growing customer relationships with new products & solutions Established and profitable defense and intelligence customer base with long-lasting engagements Growing Commercial sector opportunity driven by market need for tracking and predictive tools Positive and accelerating revenue, gross margin, EBITDA, and free cash flow Secure revenue projections backed by robust $500+M contracted backlog & 100% recompete win rate Highly experienced leadership and team of employees; majority have secret-level or higher U.S. government security clearance levels - a significant barrier to entry in industry where clients rely on us Priced with significant upside potential I I ■ ■ ■ ■ AI POWERED TECHNOLOGY SUITE SERVING GROWING PUBLIC & PRIVATE SECTOR DEMAND TO OPTIMIZE DECISIONS BIGBEAR. AI (1) MarketsAndMarkets, Inc., May, 2021. 8

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