Codere SPAC Presentation Deck

Illustrative Consolidated Margin Outlook (Core Markets) 100% Net Gaming Revenue Note: includes growth marketing expenditures. 17% Gaming Taxes 8% 10% Payment Content/ Processing Other Third Party Services ~65% Gross Margin 31% Marketing 7% Other Operating Expenses 3% Personnel Costs ~25% EBITDA с DD 3 Acquisition Corp. II 31

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