Waldencast SPAC Presentation Deck

CLINICAL BLUE BRILLIAN miple acid peel 0.27 R. oz. 18 BAO OBAGT CLINICAL BLUE BRILLIANCE 141 OBAG UE BRILLIAN OBAGI $168mm 2021E net revenue¹ #1 perceived best performing brand among US providers² 14% 2019-2021E net revenue CAGR¹ 200+ SKUs from Rx to Consumer³ ¹OBAGI management projections; 2021 OBAGI financial estimates exclusive of China business 2"2020 Kline Physician Dispensed Skincare: U.S. Perception & Satisfaction Survey," Kline & Company 3 OBAGI information 25% 2021E Adj. EBITDA margin¹ 80+ patents worldwide3 15

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