Southland Holdings SPAC Presentation Deck

2022E VALUATION Averages All Peers Southland (¹) 5.6x Southland (1) 2022E 8.8x 5.6x 6.2x Southland (2) 12.5x PWR QUANTA 13.2x 13.3x || ACM ROAD 2022 EV / EBITDA 9.0x DY 9.1x 7.2x 13 5.8x GVA 6.8x Source: Company filings, S&P Capital IQ. Note: Market data as of May 23, 2022. Estimates based on consensus estimates. Refer to page 9 for additional details on transaction structure. (1) Assumes $145 million of EBITDA or above while TEV includes 6.9mm "Base" (2022 and 2023) and 3.4mm "Bonus" (2022 and 2023) earnout shares. Refer to page 10 for further details. (2) Assumes $125 million of EBITDA or above while TEV only includes 6.9mm "Base" (2022 and 2023) earnout shares. Refer to page 10 for further details. BUILDING GREAT THINGS 5.8x 5.1x Sterling AECOM CPT ODYCOM MasTec FLUOR, GPSC S TP Construction I Company, Inc. GRANITE Primoris LEGATO 11 MERGER CORP II

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