FL Entertaiment SPAC

4 Strong cost synergies track record Significant M&A integration capabilities and know-how with sizeable synergies realized over the past years Zodiak Endemol Shine ~12 2016A Zodiak and Endemol Shine case studies: ~€80m of annual cost synergies realized since 2016 zodiak Acquisition in 2015/16 ~17 2017A ~17 2018A Group structure simplification Central costs optimization Maximisation of content library and format circulation Very quick implementation (10 months) ~17 2019A ENDEMOL SHINE GROUP Acquisition in 2019/20 Expected run- rate synergies of €67m in 2022E -28 -11 ~17 2020A -80 -62 ~17 2021E Structure simplification (corporate, IT and other central functions) Finance and distribution integration Leverage a strong catalogue Rationalisation of use of third-party service providers Very quick implementation (18 months) 10

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