Astra SPAC Presentation Deck

TRANSACTION REPRESENTS ATTRACTIVE DISCOUNT TO PEERS ($ in Millions) $8,331 $6,943 10.0x - 12.0x2025E Adj. EBITDA 2025E Adj. EBITDA: $694M(1) Discounted back 4 years at 20% discount rate Source: Management estimates. (1) Before stock-based compensation. $4,018 IMPLIED FUTURE ENTERPRISE VALUE IMPLIED CURRENT ENTERPRISE VALUE $3,348 $2,123 3.1x 2025E Adj. EBITDA 42% discount PRO FORMA ENTERPRISE VALUE PROPRIETARY & CONFIDENTIAL - DO NOT REDISTRIBUTE 72% discount SUMMARY OF APPROACH ● . ● ● ASTRA 2025E projected financials-based valuation is appropriate given Astra's significant revenue growth and confidence in the ramp to steady-state Adj. EBITDA margins of ~50% The applied range of multiples are centered around the median of Astra's expected long-term peer group (11.1x 2021 Adj. EBITDA), with sensitivity built in on both the high and low ends The Implied Future Enterprise Value is discounted back four years at a 20% discount rate to arrive at an Implied Current Enterprise Value The deal is priced at a substantial further discount to the Implied Current Enterprise Value (>40%) 34

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