HUB Security SPAC Presentation Deck

Valuation Overview Peer Group HUB Security's capabilities position it as a powerful force in the high growth cybersecurity peer set Selected Peers CLOUDFLARE CROWDSTRIKE CYBERARK FORTINET. okta #paloalto® RAPID Sentinel One™ VARONIS Zscaler Source: CaplQ and FactSet (market data as of March 15, 2022) High Growth Cybersecurity Comparables Rationale Operate in the similar industry with complementary end markets ▪ Valued on revenue multiples Best-in-class gross margins I Focused on fast-growing, early-stage market New entrants creating disruption through innovation Metrics (Median) '21E- '22E Revenue Growth: 33.0% '22E-'23E Revenue Growth: 26.8% 2022E Gross Margin: 74.9% 2023E Gross Margin: 76.0% 2022E EBITDA Margin: 9.9% 2023E EBITDA Margin: 12.1% EV / 2022E Revenue: 11.5x EV/2023E Revenue: 9.0x H HUB Page 16

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