Nauticus SPAC Presentation Deck

RAAS BUSINESS MODEL CAUSES MARGINS TO INCREASE OVER TIME $250 $200 $150 $100 $50 $0 -$50 30 25 20 15 10 5 0 $8 2021 Cumulative Commercial Services Fleet 2 Revenue and EBITDA ($mm) 1 2 Revenue ($MM) $23 1 1% 2022 Commercial Services SO 2022 EBITDA $95 Annual Vehicle Build Schedule 7 5 33% 2023 $31 2023 $202 Commercial Sales/Leases 55% $111 EBITDA Margin % 2024 25 34 18 2024 Defense & Ports 60% 50% 40% 30% 20% 10% 0% -10% % Revenue Committed $250% Revenue Committed + Pipeline $200 $150 $100 $50 $0 100% 80% 60% 40% 20% 0% Revenue Pipeline ($mm) 2022 Revenue Forecast 2021 98% 132% 2022 Committed LOIS/MOUS Committed Orders Uncommitted Comm Services Uncommitted Other 257% 41% 35% 19% Gross Profit Mix Over Time 5% 48% 2% 2021 2022 Commercial Services/Svc Contracts Defense & Ports 78% 2023 46% 31% Revenue Pipeline 15% 8% 2023 Commercial Sales/Leases SW Licensing 21% 88% 2024 59% 20% 4% 17% 2024 nauticus robotics 32

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