Waldencast SPAC Presentation Deck

FOL EUP Milk MAKEUP $47M 2021E Net revenue¹ Best-Seller Face primer at Sephora³ 24% 2018-2021E Net revenue CAGR¹ Best-Seller Mascara at Sephora³3 #2 Clean Brand at Sephora US² 1.9M Instagram Followers4 ¹ Milk financials for 2018 and management projections for 2021; 2 Sephora management; Sephora website; 4 As of September 21, 2021 at 3:00 pm ET 24

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