Playboy SPAC Presentation Deck

PLAYBOY 2020 31 Style & Apparel Growth Plan GLOBAL APPAREL & ACCESSORIES MARKET¹,² ($ in billions) $1,113 Playboy's Fashion & Apparel Segment Expected To Generate Approx. $69M in revenue in 2020. 2018A $1,218 2019E 18A-24E CAGR = 9.7% $1,335 2020E $1,464 2021E $1,607 2022E $1,766 2023E $1,942 2024E Source: Research and Markets, Statista. ¹ Includes Men's and Women's Apparel and Accessories markets. 2 2019E-2024E figures are extrapolated at 2018-2022 CAGR of 11.8% for Apparel and 2020-2023 CAGR of 9.7% for Accessories. GROWTH OPPORTUNITY Playboy Brand Value: Leading men's apparel brand in China Product categories cover men's & women's casual wear, shoes / footwear, intimates / lingerie, sleepwear, swimwear, formal suits, leather & non-leather goods, sweaters, active wear, and accessories ● Proven consumer demand for "wearing the Rabbit Head" - particularly with contemporary, sophisticated Hypebeast / streetwear consumer; recent high-end fashion collaborations with Supreme, Moschino, MissGuided, Joyrich, PacSun Growth Opportunity: Expansion to O&O business model via development of in-house team and/or acquisition or acqui-hire; investment in data science infrastructure to power ability to respond quickly to consumer trends; Yandy back-end infrastructure provides ability to move quickly with in-house 3PL Expansion of men's business in China to women's apparel business; in addition to expansion of all categories by building local on-the ground management in China Big revenue and cultural relevance opportunities via fashion collaborations with leading brands and influencers; big partnerships in development for 2H 2020

View entire presentation