Bigbear AI SPAC Presentation Deck

Peer Group BigBear.ai's capabilities position it as a powerful force in the data / analytics infrastructure peer set BIGBEAR. AI Selected Peers Rationale Metrics (Median) DATA/ANALYTICS INFRASTRUCTURE COMPARABLES - m alteryx G C3.ai IronNet QPalantir CROWDSTRIKE '20A '21E Revenue Growth '21E22E Revenue Growth 2021E Gross Margin 2022E Gross Margin elastic Operate in the same industry with complementary end markets Commercial and government exposure Valued on revenue multiples 30.1% 31.3% 75.9% 76.5% everbridge snowflake splunk> Telos Focused on a fast-growing, early-stage market New entrants centered around disruptive innovation Telos and Palantir are software companies with high exposure to government and significant services capabilities 2021E EBITDA Margin 2022E EBITDA Margin EV / 2021 E Revenue EV / 2022E Revenue 2.3% 5.5% 23.5x 14.6x Note: All historical financial numbers are pro forma for closed acquisitions. Source: CapIQ and FactSet; Market data as of June 2, 2021. 34

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