System1 Investor Presentation Deck

22 Fast Growing & Profitable Combined Revenue $ in millions $567 2020 27% CAGR $833 2021 $915¹ 2022E 7% YOY $206 $220 Q2 21 Q2 22 $133 2020 Adjusted Gross Profit $ in millions 48% CAGR $213 2021 Note: See Appendix for a reconciliation of non-GAAP metrics to comparable GAAP metrics. (1) Assumes midpoint of Company's most recent guidance provided on August 11, 2022. $290¹ 31% YOY $56 2022E Q2 21 $74 Q2 22 $63 2022 Adjusted EBITDA $ in millions 60% CAGR $127 $160¹ 2021 2022E 20% YOY $34 Q2 21 $41 Q2 22 SYSTEM

View entire presentation