Adtheorent SPAC Presentation Deck

Attractive Valuation Based on Public Market Comparables TEV/ Revenue TEV 2022P Adj. EBITDA 2022P Confidential | Page 36 5.9x ⒸADTHEORENT 21.2x 1 Median: 10.2x Median: 48.7x Transaction Priced at 42% Discount to Peer Revenue Multiples 13.1x VIANT. 59.1x 19.5x 9.7x theTradeDesk Magnite 55.3x 31.9x 2 2 ADTHEORENT VIANT. theTradeDesk Magnite Sources: CapIQ and Factset. Note: Market data as of June 2, 2021. Negatives multiples or those >85.0x reflected as 'NM.' (1) Calculated on a Revenue ex-TAC basis. Excludes media inventory and other costs related to AdServing, AdVerification, Data providers, and Research from gross revenue. 6.6x PubMatic 22.6x PubMatic 10.2x cardlytics ³ NM 3 cardlytics ³ 15.5x DV DoubleVerify 48.7x DV DoubleVerify (2) Metrics pro forma for Magnite's acquisition of SpotX. (3) Metrics pro forma for Cardytics' acquisition of Bridg. ADTHEORENTⓇ 5.2x LiveRamp NM LiveRamp

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