Planet SPAC Presentation Deck

24 A Business Model with Strong Operating Leverage Description COGS R&D S&M G&A Capex ■ I ■ . Cloud Hosting Costs Mission Operations Teams Technical Support Professional Services Spacecraft & Engineering Operations Software Development & Data Science Sales (Direct & Channel) Marketing Customer Success Corporate Functions (Finance, HR, Legal, Regulatory) Overhead allocated across departments Space Capex includes Bill of Materials, manufacturing, and launch ground stations (non-leased) Leasehold improvements . I ■ Commentary Low incremental cost to serve a data subscription model Self-serve model drives high gross margins R&D investments in tools for enhanced data insights and analytics Space investments in new ESG data sets and ML-readiness Scalable model through platform ecosystem Multi-year subscription model drives high Customer Lifetime Value Scales with absorption of public company costs Agile approach drives manufacturing efficiency and reduced Bill of Materials costs Satellite payback period <1 year Long-Term FCF² Margin: ¹Represents expense as a percentage of revenue. 2Free Cash Flow defined as Adjusted EBITDA less capital expenditures, and free cash flow margin as the percentage of free cash flow relative to net revenue during a given period. Long-Term Target¹ 15-20% 16-19% 24-27% 6-9% 5-8% 20-35% р

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