System1 SPAC Presentation Deck

Consistent Growth & Profitability... Revenue S1 ($ in millions) $299 $460 18-¹22 CAGR: 35% $564 $805 $995 $404 YOY Growth: 47% $594 2018 2019 2020 2021E 2022E Sept20 Sept21 YTD YTD Gross Profit ($ in millions) $78 18-¹22 CAGR: 35% $119 $203 $133 $255 $91 YOY Growth: 72% → $156 Pro Forma Adj. EBITDA 2018 2019 2020 2021E 2022E Sept20 Sept21 YTD YTD Change in Deferred Revenue ($ in millions) $46 $68 $63 18-¹22 CAGR: 32% $111 2018 2019 2020 $142 $40 YOY Growth: 123% 2021E 2022E Sept20 Sept21 YTD YTD +$9 +$13 +$18 +$23 +$27 +$12 +$11 Note: Pro Forma Adj. EBITDA includes pro forma consolidation of pre-acquisition results in historical periods. See Appendix for a reconciliation of non-GAAP metrics to comparable GAAP metrics. Change in Deferred Revenue is an operating metric used by management in conjunction with billings to provide insight into the performance and cash flow of the business. Figures in charts may not foot due to rounding. Refer to appendix to see impact of acquisitions and terminated product lines 1$90 12

View entire presentation