Plastiq SPAC Presentation Deck

2022E 2023E 2022E 2023E 6.5x 4.6x Revenue CAGR 2021e-2023E 49% Revenue multiples 2022E 2023E IQ plastiq 6.5x 4.6x 0.13x 0.09x 18.1x Market data as of 7/1/22 Source: S&P Capital IQ 18.1x 13.2x Growth-adjusted revenue multiples 0.31x 0.23x Initial valuation relative to peers B2B financial automation 13.2x 58% 22E Median: 6.4x 23E Median: 5.3x 7.9x 6.6x 4.9x 4.0x 3.5x bill.com coupa billtrust avidxchange 2.9x 18% 24% 21% 7.9x 4.9x 3.5x 6.6x 4.0x 2.9x 0.44x 0.20x 0.37x 0.17x 0.16x 0.14x 8.2x 6.3x flywire 7.4x High-growth payments 22E Median: 4.5x 23E Median: 3.4x 5.6x 4.8x 3.7x 4.2x 3.1x 2.6x 29% 28% 35% 39% shopify MARQETA lightspeed toast Square 8.2x 7.4x 4.8x 4.2x 6.3x 5.6x 3.7x 3.1x 2.0x 2.5x 0.28x 0.27x 0.14x 0.11x 0.22x 0.20x 0.10x 0.08x 40% 2.6x 2.0x 2.1x 0.07x 0.05x 10% 2.5x 2.1x 0.26x 0.22x 14.0x High-growth payments 22E Median: 10.2x 23E Median: 8.4x 11.4x paycom* 25% 14.0x 11.4x 11.6x 9.6x 8.7x 7.2x 8.3x 24% 23% 6.6x paylocity Avalara Hubspot 29% 11.6x 8.7x 8.3x 9.6x 7.2x 6.6x 0.57x 0.48x 0.38x 0.28x 0.46x 0.39x 0.31x 0.22x 26

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