Azerion SPAC Presentation Deck

Comparable peers Growth and margin in context Expected revenue growth 2021E-2022E EBITDA margin azerion Azerion mid-term target 25%+² High teens in short-term Low-to-mid 20s User engagement platforms 32.3% 29.7% 45.3% APPLOVIN 34.0% S ironSource 28.7% Secondary peers¹ 32.1% | AdTech 21.3% 31.5% Ad Funded Digital Media 13.9% (1) Figures shown are median of each category. Game Developers includes Playtika, Stillfront, Ten Square and Zynga. Ad Tech includes Digital Turbine, LiveRamp, Magnite, PubMatic and The Trade Desk. Ad Funded Digital Media includes Facebook, Google, Pinterest, Snapchat and Twitter. (2) €450m+ in 2022 vs. €355m+ in 2021PF. 33.8% azerion Source: Company filings and FactSet data as of 07 December 2021. Note: All financials calendarized to 31st December YE. EBITDA margin for peers are based on CY2022E. EBITDA margin for Azerion based on guidance for adj. EBITDA - refer to slides 38 and 39, Financial targets and objectives. Game Developers 56

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