Codere SPAC Presentation Deck

$1 Billion+ Revenue Opportunity With Potential Expansion Into High Growth LatAm Markets $27 2017A Spain Mexico Colombia Panama $54 2018A Italy City of Buenos Aires Codere Online Illustrative Path to Potential Net Gaming Revenue(¹) ($MM) $71 2019A $85 2020-2023 CAGR: +34% (Core Markets Only) 2020A 34% $108 2021E 2021E 6% $108 $152 59% 2022E $203 2023E Net Gaming Revenue Distribution by Country in Core Markets ($MM) 2027E ~$200 Growth in Core Markets 8% 5% ~$400 11% 2027E 7% ~$400 37% ~$600 Expansion Market Entry (Assumes 30% Share) (²) 32% C ~$1bn+ Illustrative Potential Net Gaming Revenue For historical periods, EUR converted to USD at average exchange rate in each period. For projection periods, exchange rates based on management forecasts in each period. (1) Assumes no redemptions. (2) Expansion markets include Brazil, Chile, Peru, Puerto Rico, Uruguay, and Argentina excl. City of Buenos Aires. Excludes unregulated revenue. Expansion market sizing based on illustrative extrapolation methodology - please refer to Appendix for additional detail. DD3 Acquisition Corp. II 27

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