Rally SPAC Presentation Deck

Utilization Small carriers have significant capacity in their fleet There is a lot of room for utilization improvement within the industry. Fence costs range from $450 - $600 per bus day. A bus operator would happily take a job where the pre-tax profit is as low as 10% margins in order to eliminate paying the fence cost. Motorcoach Fleet Size 100 or more 50-99 25-49 10-24 1-9 Industry Total Total 233,017,000 56,827,000 Passenger Trips 82,452,000 100,457,000 132,331,000 605,084,000 Percent 38.50% 9.40% 13.60% 16.60% 21.90% 100.00% 1.2017 Motorcoach Census by the ABA Foundation, produced June 2019 by John Dunham & Associates Average Passenger Trips per: Motorcoach 26,000 16,900 15,400 14,300 10,800 16,400 Carrier 12,264,100 1,136,500 531,900 217,400 42,500 159,200

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