Appreciate SPAC Presentation Deck

FINANCIAL OVERVIEW Financial Results and Projections Marketplace Management $28 $25 2020A Gross Profit Gross Margin 50% $14 2020A $28 $22 2021A 46% Revenue Gross Profit $13 CAGR: 59% 2021A $45 $26 $19 2022E 53% $24 2022E ($ in Millions) $113 $57 $56 2023E ($ in Millions) $64 57% 2023E Note: See slide 43: Financial Model Assumptions (1) 2020A and 2021A represent Adjusted EBITDA figures; see slide 46: EBITDA Reconciliation 568 2020A EBITDA EBITDA Margin 3% $1 2020A Marketplace Transactions CAGR: 127% 813 2021A 1% $0 EBITDA (¹) 2021A 2,308 2022E 9% $4 2022E 4 ww Appreciate 6,679 2023E ($ in Millions) $23 20% 2023E Private & Confidential 35

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