#1Paysafe: 156 LASALLE Investor Presentation December 2020, SEINFELD 101030 TAX 3270 TAXI 3270 TX 3210 == 1 G 253-93651#2Legal disclaimer Important Information About the Proposed Business Combination and Where to Find It Paysafe: In connection with the proposed business combination, a registration statement on Form F-4 (the "Form F-4") is expected to be filed by Paysafe Limited, an exempted limited company incorporated under the laws of Bermuda ("Paysafe") with the U.S. Securities and Exchange Commission ("SEC") that will include preliminary and definitive proxy statements to be distributed to holders of FTAC's common stock in connection with FTAC's solicitation for proxies for the vote by FTAC's stockholders in connection with the proposed business combination and other matters as described in the Form F-4, as well as a prospectus of Paysafe relating to the offer of the securities to be issued in connection with the completion of the business combination. FTAC, PGHL AND PAYSAFE urge investors, stockholders and other interested persons to read, when available, the Form F-4, including the proxy statement/prospectus incorporated by reference therein, as well as other documents filed with the SEC in connection with the proposed business combination, as these materials will contain important information about PGHL, FTAC, and the proposed business combination. Such persons can also read FTAC's final prospectus dated August 20, 2020 (SEC File No. 333-240285), for a description of the security holdings of FTAC's officers and directors and their respective interests as security holders in the consummation of the proposed business combination. After the Form F-4 has been filed and declared effective, the definitive proxy statement/prospectus will be mailed to FTAC's stockholders as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of such documents, without charge, once available, at the SEC's website at www.sec.gov, or by directing a request to: Foley Trasimene Acquisition Corp. II, 1701 Village Center Circle, Las Vegas, NV 89134, or (702) 323-7330. These documents, once available, can also be obtained, without charge, at the SEC's web site (http://www.sec.gov). Participants in the Solicitation FTAC, PGHL, Paysafe and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of FTAC's stockholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of FTAC's directors and executive officers in FTAC's final prospectus dated August 20, 2020 (SEC File No. 333-240285), which was filed with the SEC on August 13, 2020. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of FTAC's stockholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Information concerning the interests of FTAC's and PGHL's participants in the solicitation, which may, in some cases, be different than those of FTAC's and PGHL's equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available. Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. FTAC's and PGHL's actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, FTAC's and PGHL's expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction or waiver of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward- looking statements. Most of these factors are outside FTAC's and PGHL's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change, or other circumstances that could give rise to the termination of the definitive merger agreement (the "Agreement"); (2) the outcome of any legal proceedings that may be instituted against FTAC, Paysafe and/or PGHL following the announcement of the Agreement and the transactions contemplated therein; (3) the inability to complete the proposed business combination, including due to failure to obtain approval of the stockholders of FTAC, certain regulatory approvals, or satisfy other conditions to closing in the Agreement; (4) the occurrence of any event, change, or other circumstance that could give rise to the termination of the Agreement or could otherwise cause the transaction to fail to close; (5) the impact of COVID-19 on PGHL's business and/or the ability of the parties to complete the proposed business combination; (6) the inability to obtain or maintain the listing of Paysafe's shares of common stock on the New York Stock Exchange following the proposed business combination; (7) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination; (8) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of PGHL to grow and manage growth profitably, and retain its key employees; (9) costs related to the proposed business combination; (10) changes in applicable laws or regulations; and (11) the possibility that PGHL, FTAC or Paysafe may be adversely affected by other economic, business, and/or competitive factors. The foregoing list of factors is not exclusive. Additional information concerning certain of these and other risk factors is contained in FTAC's most recent filings with the SEC and will be contained in the Form F-4, including the proxy statement/prospectus expected to be filed in connection with the proposed business combination. All subsequent written and oral forward-looking statements concerning FTAC, PGHL or Paysafe, the transactions described herein or other matters and attributable to FTAC, PGHL, Paysafe or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Each of FTAC, PGHL and Paysafe expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law. No Offer or Solicitation This presentation is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of FTAC, Paysafe or PGHL, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or exemptions therefrom. Trademarks This presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this presentation may be listed without the TM, SM or Ⓡ symbols, but Paysafe will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights. 2#3Presenters Paysafe: Bill Foley Chairman, Foley Trasimene Bill serves as Founder and Chairman of Foley Trasimene Bill has over 32 years of industry experience, delivering stockholder value with a principal background in financial and technology sectors Prior experience: Philip McHugh Chief Executive Officer & Director Philip joined Paysafe in 2019 as CEO Philip has been an international leader in the banking and payments industry for over 25 years with experience across Latin America, Europe, EMEA, and North America Prior experience: Izzy Dawood Chief Financial Officer Izzy joined Paysafe in 2020 as CFO Izzy brings a proven track record of over 25 years in financial leadership in both public and private organizations Prior experience: M.FIDELITY NATIONAL FINANCIAL" 000●● FIS dun&bradstreet BLACK KNIGHT CANNAE HOLDINGS, INC. BNY MELLON WELLS FARGO BARCLAYS TSYS citibank Santander Consumer USA W WageWorks 3#4Transaction Overview Foley Trasimene, Blackstone, and CVC partnering to drive value Paysafe: ($ in millions) Pro forma valuation ($ in mm) Sources (excl. founder shares) SPAC Cash in Trust (1) $1,467 Pro Forma Equity Value $7,195 Forward purchase agreement 150 * PIPE investment 2,000 (3) Pro Forma Net Debt 1,805 (PIPE investment excl. CNNE (5), FNT and CTI(6): $1,150) Existing Paysafe shareholders rollover equity 3,291 Total sources $6,908 Pro Forma Enterprise Value $9,000 Uses (excl. founder shares) Debt paydown $1,117 (3)(4) Pro Forma Net Leverage / 2021E Organic Adj. EBITDA 3.6x $1,872 $46 min. $140 min. *PIPE investment of $2.0 billion includes at least a $350 million investment from Cannae Holdings, Inc. (5) and an expected $500 million investment from Fidelity National Title and Chicago Title Insurance Co. (6) Potential Upside with Foley Transformation +13% growth 120+ bps Organic Adj. EBITDA (4) margin expansion expenses Cash consideration to existing Paysafe shareholders Existing Paysafe shareholders rollover equity Estimated fees and Total uses 2,323 3,291 (2) 176 $6,908 Pro Forma Ownership (1) $1,663 $140 +17% growth $655 $15 min. $60 min. Significant upside through transformation opportunity SPAC and CNNE FPA 22.5% $561 min. $1,686 $60 min. $580 $1,523 $501 2021E 2022E 2021E Pro forma multiples: 16x 2022E 14x Organic Organic Revenue (4) Adj. EBITDA (4) Pro forma upside opportunity(7) U.S. iGaming expansion (8) PIPE Shareholders 27.8% Foley Trasimene 4.0% Blackstone, CVC, and other shareholders 45.7% Note: (1) (2) (3) Represents transaction values at $10.00 per share price. Excludes dilution from 74.8 million public and private placement warrants struck at $11.50. No incremental earnout shares to be granted to selling shareholders. Assumes no redemptions. Excludes 8.0 million forfeited founder shares (~22% of initial founder shares). Includes deferred underwriting fees, PIPE placement fees, and other fees and expenses. Expected pro forma net debt as of 12/31/20E. This excludes the drawn amounts of a local $50m Credit Facility held in the US outside the Group's Senior Credit Facility. For Senior Credit Facility reporting purposes, the Company includes the drawn amount of this facility in deriving its "Total Secured Net Leverage Ratio" and "Total Net Leverage Ratio". The nature of the facility is to draw on the facility daily and to prefund daily interchange and acts as a source of working capital. The expected outstanding balance as at 12/31/20E is $45m. (4) See slide 49 for additional information regarding this non-GAAP measure. (5) (8 Investment to come from Cannae Holdings, Inc., Trasimene Capital FT, LP II, or an affiliate of Trasimene Capital FT, LP II. Investment to come from Fidelity National Title and Chicago Title Insurance Co. Represents upside impact to base plan '21E - '22E Organic Adj. EBITDA and Organic Revenue giving pro forma effect to cost savings and revenue opportunities if and when realized in future periods. Represents upside impact to base plan '22E Organic Adj. EBITDA and Organic Revenue giving pro forma effect to growth in U.S. iGaming market volume if and when it occurs. 4#5Bill Foley's value creation playbook Paysafe: William P. Foley II Founder Long history of value creation across multiple public company platforms Foley has led five separate multi-billion dollar public market platforms with 100+ acquisitions across them Founder, former CEO and now Chairman of Fidelity National Financial ("FNF") - built the largest title insurance company, growing equity value from $3mm to $11bn Through FNF, Foley was also able to acquire and spin-out FIS(1) (current market capitalization of $91bn) Black Knight (current market capitalization of $14bn) and Cannae Investments (current market capitalization of $4bn) Foley also led the take private of Dun & Bradstreet (current market capitalization of $11bn) and the subsequent IPO - current market Foley will bring a team of board members to oversee transformation ■ Team knows how to drive revenue growth and margin expansion in payments Experts in payments and processing ■ Drove value creation at FIS - $2.5bn to $91bn Experts in cloud migration / SaaS transformation At Ceridian, drove 7x+ increase in value during tenure to date Experts in cost synergy realization Realized $225m of synergies at DNB Strong history of value creation... M.FIDELITY NATIONAL FINANCIAL $10.8bn FIS BLACK KNIGHT CERIDIAN dun & bradstreet $2.5bn $91.4bn $14.0bn $14.0bn $11.3bn $4.2bn $2.0bn $1.6bn $3m 1984 Current 2006 Current LBO Mkt Cap Spin-Off Mkt Cap 2015 IPO Current Mkt Cap IPO 2018 Current 2019 Mkt Cap LBO Current Mkt Cap ...and overachieving targeted savings ($m) Acquiror Target Cannae D&B Feb-2019 Acquisition Forecast date savings $200 $ of synergies achieved $225(2) Deep strategic M&A expertise in payments FNF LPS Jan-2014 $150 $312 FIS Metavante Apr-2009 $260 $300 Team has consummated FNF Land America Dec-2008 $150 $265 hundreds of financial technology M&A transactions FIS eFunds Sep-2007 $65 $87 for tens of billions in transaction value FIS Cartegy Feb-2006 $50 $50 FNF Synergy bonus pool to align incentive and drive performance FNF Intercept(3) Aurum (3) Dec-2004 $25 $33 Mar-2004 $15 $17 FNF Chicago Title (3) Mar-2000 $90 $133 (1) Source: Cannae Holdings Investor Presentation, Dun & Bradstreet materials, public company filings. Market cap data from Factset as of 12/4/2020. Bill Foley currently owns no equity in FIS. (2) Achievement on-going. (3) Synergy projection and realization data provided by FNF. 5#6Paysafe: Bill Foley is an agent of change and transformation Revenue opportunity Incremental Adj. EBITDA (1,2) $140m $60m Incremental Adj. EBITDA incl. US iGaming upside (1,3) $75m Total project cost savings from platform integration Operations: $20m Process transformation and automation ■ 30% reduction in premises footprint ■Back office consolidation (risk, compliance, and operations) Risk platform: $15m ■ Fraud reduction Good/Bad rate improvement ■Credit loss improvement Digital Wallet funding enhancement Bank as a service: $20m ■Lower fees (acquiring, APM, FX) Closing of unused accounts ■ Banking relationship consolidation Consolidate onto proprietary acquiring licenses Total project Revenue growth strategies Enterprise sales: $85m Cross-selling funnel ■ Transformational deals Gateway convergence: $15m ■ Consolidation onto Unity Sell Paysafe eComm gateway via USPP division Migrate more wallet volume to Paysafe acquiring Operations: $20m ■ Failed deposits for Digital Wallets Risk platform: $15m Reduce false positives Bank as a service: $5m Incremental '21E adj. EBITDA: $20m (1,2) Incremental '21E adj. EBITDA: $40m (1,2) Note: (1) (2) (3) (4) Foley track record of synergy achievement ✓ Foley team drives revenue growth " " Winning in US iGaming 10% US iGaming market share forecasted to grow to $24bn market volume in 2025 Upside scenario to base case of $47bn market volume, driving an incremental $15m of adj. EBITDA (1,3) ■ Global base of 15m customers (4) across verticals Proven strategy of winning as new global markets open Unrivaled regulatory and technical expertise Incremental '22E adj. EBITDA: $15m (1,3) ✓ Foley track record of success in highly regulated industries M&A strategy Transform growth and margin trajectory of Paysafe Balance sheet positon for acquisitive growth Digital wallet consolidation - over 300 targets with large synergy potential eCash adding geographic distribution platform consolidation Targeting highly profitable and high growth verticals in eCommerce Foley governance team with expertise in transformative M&A Four steps to drive transformational value creation eCommerce, APM as defined on slide 52. Represents organic adj. EBITDA. See slide 49 for additional information regarding this non-GAAP measure. Represents upside impact to '21E Organic adj. EBITDA giving pro forma effect to cost savings and revenue opportunities if and when realized in future periods. Represents upside impact to '22E base plan Organic adj. EBITDA giving pro forma effect to growth in US iGaming market volume if and when it occurs. LTM July 2020. Based on total active wallet accounts and estimated paysafecard users. 6#7Paysafe: Paysafe is a highly attractive and scarce investment. opportunity within Payments / FinTech with similar characteristics to other Bill Foley deals FNF investment in FIS In 2003, Bill Foley led FNF on the acquisition of Alltel Information Services for $1bn which later became Fidelity National Information Services (FIS) FIS operated in a highly fragmented industry and Foley utilized the platform and technology stack to consolidate and drive organic and inorganic growth and improve margins FIS expanded product offering, technology and improved scale and margins of the business Today, FIS is the industry leader with a $91bn market capitalization Similar characteristics to Paysafe ■ Attractive platform with defensible market position ■ ■ Upside from acquisition integration, platform consolidation and cross-sell Multiple attractive acquisition opportunities will strengthen market position further Positioned to win in key attractive, high-growth markets ✓ Rare attractive base of payments assets at scale ✓ Perfect fit with Foley playbook bringing valuation creation and growth Source: FactSet. Market cap data from Factset as of 12/4/2020. ✓ Strongly positioned within large, high- growth industry 7#8Paysafe: 75% + ECOMMERCE & INTEGRATED ORGANIC REVENUE (1) 1. Introduction to Paysafe Paysafe:group Note: (1) eCommerce and Integrated as defined on slide 52. See slide 49 for additional information regarding this non-GAAP measure.#91 2 3 4 5 LO Leading global pioneer in digital commerce Note: (1) Paysafe: Highly differentiated B2B and B2C global network with a powerful suite of digital wallet, eCash and integrated processing solutions Significant growth opportunities in massive TAM with expertise in highest value verticals Long history as the global market leader in iGaming payments and well positioned to capitalize on the expanding US market Proprietary and scalable platform in technology and risk management driving a proven M&A playbook Clear four point strategy for growth and transformation in partnership with Bill Foley. $103bn $1.5bn 11% Total Volume '21E Organic revenue (1) '21E Organic revenue (1) CAGR '20E-'23E C+ B2B Network & Proprietary B2C+ 5.00 & Capabilities Paysafe Skrill Advanced Suite of Digital Commerce Solutions Proven Expertise in Solving & Simplifying the Complexities of Global Digital Commerce... ...driven by: ■Global Risk Management Infrastructure ■ Smart Unity Platform ■ Proven Expansion Playbook 17% Organic adj. EBITDA (1) CAGR '20E-'23E 30%+ Organic adj. EBITDA (1) '21E Margin Integrated as defined on slide 52. See slide 49 for additional information regarding this non-GAAP measure. 9#10Overview Customers Capabilities Proprietary integrated solutions... Paysafe Die Digital Wallets 이 Paysafe eCash Paysafe Integrated Processing #2 Global stored value Digital Wallet (1) ■ Network of digital wallet solutions enable users to upload, store, withdraw & pay funds and APMS from a virtual account ■ Presence in 120+(2) markets ~70(3) APMS Mobile and in-app commerce P2P/Money transfer Millennial & Sophisticated Digital Consumers & Gamers #1 iGaming eCash network (4) #4 Proprietary digital currency solutions empowering online, mobile and in-app commerce for gamers & cash consumers ■ Presence in 50+(5) markets Digitization of cash Prepaid solution Invoicing solution Gen Z, Millennial & Underbanked Consumers DRAFT KINGS bet365 William HILL betfair FORTNITE twitch Spotify Independent merchant acquirer in the US (6) Integrated, POS & eCommerce solutions for SMBs and eCommerce sellers to accept payments across channels ■ Presence across US, Canada & Europe Proprietary gateway Single API integration Integrated & Online Commerce eCommerce Businesses Integrated Software POS SMB Merchants DRAFT KINGS MINDBODY. ПРОШЕГ A Unique Combination of B2C & B2B Capabilities Note: eCommerce, APM, API, Integrated, POS as defined on slide 52. (3) Based on available APMs offered by Paysafe during FY2019A. (1) Derived from management analysis that excludes stored credential wallets (e.g. Apple Pay, (4) Samsung Pay), closed loop wallets (e.g. retailer-led) and based on the 120+ markets currently served. Paysafe has the largest branded cash collection network with over 650k POS in 50 countries. Calculated on an average YTD basis as of September 2020. 10 (5) (2) Based on countries from which revenue was generated in FY2019A. (6) Based on countries in which paysafecard vouchers are available for purchase as at the end of H1 2020. Nilson Top Acquirers 2019 excluding bank or bank owned acquirers. Paysafe: Leading Digital Solutions#11KPI's 2021 E financial metrics Organic Organic Revenue Mix Gross Organic Revenue (9) Take rate(8) Volume eCommerce & Profit(9) Integrated (7) ...with an attractive scale and financial profile Paysafe: Leading Digital Solutions Paysafe: Digital Wallets - Paysafe: Cash Integrated Paysafe: Processing 3.8m Active users (1) ~$1bn 12m 650k+ 250k+ 150+ Deposits (2) Active users (3) Distribution points (4) Merchants (5) ISV Integrations (6) Paysafe: -100% -100% 50%+ 75%+ -$23bn 1.9% ~$5bn ~$75bn ~$103bn 6.8% 1.0% 1.5% $441m (29% total) $318m (21% total) $764m (50% total) $1,523m $359m (82% margin) $170m (53% margin) $432m (57% margin) $961m (63% margin) 75% + Organic Revenue (9) from eCommerce & Integrated(7) Note: eCommerce, Integrated, ISV as defined on slide 52. (1) LTM as of July 2020. Active users based on active wallet accounts. Includes both independent and (8) network accounts. FY2019A. Take Rate as defined on slide 52. (9) See slide 49 for additional information regarding this non-GAAP measure. (2) Based on total digital wallets balances as at September 2020. (3) Paysafe estimate as of LTM September 2020. (4) Average distribution points YTD September 2020. 11 (5) Based on open merchant accounts as of September 2020. (6) As of September 2020.#12...creating a powerful Paysafe Network Merchant Value Proposition eCommerce Consumer Value Proposition Paysafe: Leading Digital Solutions Full stack of integrated commerce solutions enabling businesses to accept payments online and in-store O Integrated Solutions Scaled SMB Platform Paysafe: Network Digital Wallets Proprietary APMs Global Reach Superior Take Rate ~1.4% 0.8% Paysafe: (1) Peer Average (1,2) e-Cash Note: Take Rate, eCommerce, APM, SMB, and Integrated as defined on slide 52. (1) Take Rate as of 2019A.. (2) Peers include: Fidelity National Information Services, Fiserv, Repay, Nuvei, Shift4, PayPal, Global Payments, EVO Payments, Paya, i3 Verticals, Priority Payments and Adyen. QUILLO Proprietary network of digital wallet solutions solving complex commerce friction and enabling the use of global APMs Proprietary digital currency solutions empowering online, mobile and in-app commerce for the cash consumer 12#13We are a global leader in iGaming Paysafe: Global Expertise Europe and Rest of World Launched in 1999 Global leader with over 1,000 (1) operators 12% CAGR Sk $77bn $135bn Canada Launched in 2010 100% of Canada iGaming coverage deployed Paysafe Market Playbook after 2010 launch C 15% CAGR BUER 6 PETRY 52 $2.5bn United States Launched in 2013 Live in 12 states Serves over 60 operators, representing -75% of the market 55% CAGR (4) $47bn $3.4bn 2025E 2019E (5) $24bn 2020E 2025E Market volume ($bn) (2) Single integration 2020E Market volume ($bn)(3) Connectivity to leading payment methods Risk and regulatory management expertise EDC and H2 Gambling Capital research 2020-2025. Excludes China and North America. (1) As of September 2020. (3) (4) EDC Market Opportunity Overview, Online Gambling 2020-2025 CAGR. Paysafe management estimates based on EDC, H2 Gambling Capital and Eilers & Krejcik market sizing research, 2019-2025 CAGR. Assumes further legalization of US iGaming in all states and sports betting levels are the same as the UK market. (5) 2025E Market volume ($bn) Single solution for Consumers & Businesses Paysafe management estimates based on EDC, H2 Gambling Capital and Eilers & Krejcik market sizing research, 2019-2025 CAGR. Assumes certain further legalization of US iGaming. 13#14Global Platform: integrated cloud technology Configure "Merchant Experience" Paysafe:unity Transact Business Microservices Services *All the ways people pay" Analyze "Data and Analytics" Back Office Defend *Secured by Paysafe aws Unity Platform ■ Automated underwriting Paysafe: Global Platform Implementation of merchant risk and compliance monitoring tool ■Live and expansion of Single API Timing: 2020-2021 Cloud Migration of eCash processing to Cloud ■ Consolidation of 12 data centres to 4 ☐ Timing: eCash - 2020; Digital Wallet - 2021; Payment processing - 2022 Wallet Consolidation Single platform across Skrill and Neteller Timing: Q4 2020 INTEGRATION FABRIC Monitoring and Logging Master data integration Infrastructure integration Security and management Payment Processing transformation ■ Single onboarding for US SMB merchants Timing: Q4 2020 Cyber Security ■ Acceleration of data loss prevention, further maturity of the security operating centre, vulnerability management and reporting Timing: Ongoing Advanced Platform-as-a-Service Advantages Note: Integrated, API and SMB as defined on slide 52. 14#15Global Platform: risk & compliance Highly developed Global Risk & Compliance Capabilities: Proven by Years of Successful Development in Complex Markets 300+ Professionals Dedicated to Risk & Compliance and Analytics Canada: Registered supplier in Ontario, regulated by Alcohol and Gaming Commission U.S.: Registered with the Michigan Gaming Control Board US: Registered with the Tennessee Education Lottery Corporation BRITISH COLUMBIA Canada: Registered with the British Columbia GPEB C COLORADO Department of Revenue Specialized Business Group US: Registered with the Colorado Control Commission 00 US: 45 state licenses US: West Virginia State Lottery :Interim Supplier License UNITED STATES DEPARTMENT OF THE TREASURY FinCEN U.S.: Pennsylvania Gaming Control Board: Authorized service provider U.S.: Registered with the division of Gaming Enforcement, New Jersey Bane Ceannais na hran Central Bank of Ireland Favqu Two e-money licenses in Ireland FCA Three e-money licenses in UK regulated by FCA Canada: Nova Scotia AGFT: Lottery equipment supplier U.S.: Registered with the Delaware State Lottery Office 0 Romania: Two Gambling service provider licenses Principal member: VISA and Mastercard finma Switzerland: Financial intermediary, regulated by FINMA VISA Paysafe: Global Platform Gambling related registrations Payments related registrations Highly Strategic & Differentiated Expertise, Data & Analytics 15#16Paysafe Playbook: expansion & M&A engine Advantaged Platform for Consolidation Global Capabilities Paysafe: Global Platform Benefits Attractive Value Creation Drivers Large, Global & Fragmented Pool of Attractive Targets to Learn from, Evaluate & Consolidate Proprietary Technology & Greater Probability of Success Better Infrastructure to Generate Accretive Value Creation Large & Diverse Pool of Opportunities for Growth Digital Wallet & eCommerce Payment Processing eCash iGaming Paysafe:unity "Plug & Play" Platform Platform Consolidation Cloud & Shared Single API Cost & Revenue Synergies Microservices Integration M&A Expertise Opportunity Target Sourcing & Seasoned 20+ 15 300+ Team Deal Years of Experience Deals Integrated Deal Experience in Management Team Identification Cultivation Execution Integration Paysafe Culture Unique Culture & Ability to Integrate and Empower Founders & Entrepreneurs Entrepreneur Global High Better Negotiation & Execution Better Integration & Retention DNA HR Engagement Proven & Repeatable M&A Playbook for Consolidation Note: eCommerce and API as defined on slide 52. 16#17Paysafe 120+ MARKETS (1) Stand on the right No Shok Stand on the right 2. Attractive Growth Opportunities (1) Based on countries from which revenue was generated in FY2019A. wwwwwww#18Clear four point strategy for growth and transformation in partnership with Bill Foley Paysafe: Accelerating existing organic revenue growth strategies Winning in US iGaming M&A strategy Platform integration Growth strategy underpinned by weekly management discipline - Top 10 program 18#19Opportunity to unlock over $100m adj. EBITDA (1) Paysafe: in additional organic revenue (1) opportunities and cost savings over two years Enterprise sales > Cross sell all solutions within Paysafe through a single API Operations platform > Optimizing legacy processes, technology and back-office systems Risk platform > Leverage data driven insights to improve underwriting, onboarding and reduce false positive rates Bank as a service > Optimize our relationships with global banks to achieve cost efficiencies Gateway Convergence Connecting our leading gateway in digital wallets, our integrated and processing platforms, and US distribution Unlocking over $100m organic adj. EBITDA (1) $40m of incremental adj. EBITDA (1) in forecast plan and $60m (2) in pro forma upside Note: API and integration as defined on slide 52. (1) (2) Represents organic adj. EBITDA. See slide 49 for additional information regarding this non-GAAP measure. Represents upside impact to '21E adj. EBITDA giving pro forma effect to cost savings and revenue opportunities if and when realized in future periods. 19#20Paysafe: Proven leader in iGaming and well poised to be successful in the highly attractive US iGaming market Paysafe: One-stop source Vertical knowledge Ease of integration Breadth of solution Multiple ways to pay Content / engagement Broad acceptance Differentiated wallet offering US iGaming market $47bn (1) 52% CAGR $3.4bn 2019E $24bn 2025E Base case Upside case B2C (payment methods) PayPal VISA Sub-scale players globalpayments fiserv. worldpay B2B (payment acceptance + processing) Paysafe: nuvei 60+ US iGaming customers DRAFT KINGS MICHIGAN PENNSYLVANIA LOTTERY LOTTERY VIRGINIA LOTTERY. NHL ttery NC Education Lottery North Dakota LOTTERY Plug into iGaming. Plug into Paysafe: https://www.youtube.com/watch?v=z6ds FiLotU0& feature Our wide range of products and services positions us to continue winning new clients as we expand to other states (1) (2) Paysafe management estimates based on EDC, H2 Gambling Capital and Eilers & Krejcik market sizing research, 2019-2025 CAGR. Assumes further legalization of US iGaming in all states and sports betting levels are the same as the UK market. Paysafe management estimates based on EDC, H2 Gambling Capital and Eilers & Krejcik market sizing research, 2019-2025 CAGR. Assumes certain further legalization of US iGaming. 20#21Continue winning in high growth and profitable markets Leading capabilities positions us well... Paysafe: Leading digital commerce Single integration Global footprint products and APMS Risk & regulatory management Banking relationships & licenses Digital consumer relationships ...to continue winning in emerging high growth verticals Education Online Remittance Subscription Health & Wellness Financial Services Video gaming Property Management Rental Petro Travel Field Services Remittance Sports Camp Registration Social Media Note: APM as defined on slide 52. Gaming FORTNITE ROBLOX STADIA Property management Heari Social media ✓ monese twitch Spotify ►YouTube Wellness/Membership MINDBODY. PayLease upper hand RentTrack MARIANA TEK Zenplanner W wodify 21#22Significant acquisition opportunities across all Paysafe: segments 엥ㅇ Digital Wallet consolidation ■ Over 300 specialized wallets globally which lack scale and have limited capabilities - Opportunity to acquire the customer base and monetize them effectively eCommerce integration eCash Adding new markets and verticals Cost saving opportunities Consolidation of back end processing volume - Single API - Driving proprietary APMs into a single gateway to improve take rate ■ 20+ geography based targets ■ Add distribution / consolidate backend platform Complementary iGaming data services ▪ iGaming geocompliance services ☑ iGaming services ☐ ▪ iGaming marketing services Ability to augment and enhance existing M&A track record with Foley's best-in-class execution and network Note: APM, API and eCommerce as defined on slide 52. 22#23Paysafe: 3. Strong Performance & Financial Results DOUBLE DIGIT GROWTH XXXXXXX#24Paysafe is a compelling investment opportunity Paysafe: Significant Scale ■ $103 billion in 2021E transactional volume $1.5 billion in organic revenue in 2021E (1) High Margins Strong Growth US-listed Public Equities ~4,300 ■ 11% organic revenue (1) growth CAGR 2020E-2023E Significant Scale Strong Cash Conversion Highly profitable model with significant operating leverage and attractive unit economics - Organic Adj. EBITDA (1) margins above 30% with a path to 35% + ☐ Asset light business model that does not require significant capex or balance sheet requirements 80% adj. cash conversion margin (1) in 2021E Source: (1) Factset See slide 49 for additional information regarding this non-GAAP measure. 1,483 Strong Growth 314 High Profitability Strong Cash Conversion 75 40 Global Payments VISA FLEETCOR Paysafe: 24 24#25Consistent (1) double digit growth Volume ($ in billions) Organic revenue(2) ($ in millions) % take rate (3): 1.41% 1.42% 1.56% 1.48% 1.43% 1.39% Paysafe: CAGR '20E-'23E 12% growth '20E '23E CAGR 15% $135 CAGR '20E-'23E 6 13% $118 5 33 $103 16% $98 '20E '23E CAGR 11% $1,881 5 4 28 $87 $89 4 4 13% growth $1,686 8% 374 $1,523 23 $1,390 $1,380 343 27 $1,227 318 21 21 265 294 597 14% 261 512 441 424 399 96 15% 342 85 75 62 67 64 911 10% 831 764 701 687 624 2018A 2019A 2020E 2021E 2022E 2023E 2018A 2019A 2020E 2021E 2022E 2023E Processing Digital Wallets Note: (1) (2) (3) Double digit growth Growth across all segments . eCash Organic revenue (2) growth in line with historical trend Take rates (3) approach historical levels 2018A organic gross profit by segment - Processing: $366m, Digital Wallets $285m, eCash: $140m. 2019A organic gross profit by segment - Processing: $405m, Digital Wallets $341m, eCash: $139m. Excludes 2020. See slide 49 for additional information regarding this non-GAAP measure. See slide 50 for reconciliation to the nearest GAAP measure. Take Rate as defined on slide 52. 25 25#26Strong operating leverage: Growth at scale Operating leverage Adj Opex(1)(2) as % of 30% organic 32% 30% 29% 28% revenue(¹): 19.6% 13.2% Paysafe: Organic Adj. EBITDA margin(1)(2): Organic Adj. EBITDA (1) ($ in millions) 36% 34% 30% 33% 34% 36% 11.6% 10.7% 10.4% 8.5% 5.3% 6% growth 5.9% 4.6% '20E-'23E CAGR 17% (2) '20E - '23E CAGR 21% (3) $561 | $60 min. $655 $15 min. | $60 min. $744 $15 min. $60 min. $469 $442 $420 $669 (0.7%) $580 $501 2019A 2020E 2021E 2022E 2023E 2018A 2019A 2020E 2021E 2022E 2023E Organic revenue (1) (2) YoY growth Adj. Operating expenses (1) (2) YoY growth Organic Adj. EBITDA (1)(2) Pro forma upside Opportunity (4) • Targeted investments in compliance, risk, and • finance over the last couple of years in a committed effort to increase scalability and improve risk profile U.S. iGaming expansion (5) Scalable business model and continued cost discipline drives expansion in Organic Adj. EBITDA (1) margin (1) (2) (3) (4) (5) See slide 49 for additional information regarding this non-GAAP measure. See slide 50 for reconciliation to the nearest GAAP measure. Excludes pro forma upside opportunity and U.S. iGaming expansion. Includes pro forma upside opportunity and U.S. iGaming expansion. Represents upside impact to base plan '21E - '23E Organic Adj. EBITDA giving pro forma effect to cost savings and revenue opportunities if and when realized in future periods. Represents upside impact to base plan '22E 23E Organic Adj. EBITDA giving pro forma effect to growth in U.S. iGaming market volume if and when it occurs. 26 26#27Sustainable: Highly diversified business Diversified by Segment (1) Diversified by (1) (2) Geography Diversified by Vertical (1) 19% 30% 51% 14% 48% 30% 34% 38% 36% Paysafe: ■Processing ■Wallets ■eCash Europe ■North America ■ROW (3) iGaming SMB Emerging Verticals 75% + Organic revenue (4) from eCommerce and Integrated Note: (1) Based on organic revenue contribution for FY2019A. eCommerce, Integrated as defined on slide 52. Figures rounded to 100% for presentation purposes. (2) (3) Split by region of transaction initiation for Digital Wallets and eCash, and by merchant location for Payment Processing. iGaming encompasses Online Sports Betting, Online Poker and Online Casinos. (4) See slide 49 for additional information regarding this non-GAAP measure. See slide 50 for reconciliation to the nearest GAAP measure. 27#28Sustainable: Resilient Organic revenue (1) ($ in millions) % take rate (3): 1.42% 1.56% Processing indexed organic revenue in 2020(2) 100 98 94 83 Paysafe: 99 99 95 95 96 92 $1,390 $1,380 January February March April May June July August September October 2019A 2020E ■ 2020E organic revenues (1) are expected to only be down 1% despite a 9% volume YTD decline ■In YTD 2020, higher take rates (3) due to mix shift mitigated much of the volume decline ▪ Processing reverting to pre-COVID (4) levels with Digital Wallets showing recovery as sporting events come back; continued momentum in eCash through the pandemic Digital Wallets indexed organic revenue in 2020(2) 104 100 95 94 91 87 89 87 82 82 January February March April May June July August September October eCash indexed organic revenue in 2020(2) 132 122 117 112 112 112 100 102 98 99 January February March April May June July August September October Business demonstrated resilience through COVID (4) See slide 49 for additional information regarding this non-GAAP measure. See slide 50 for reconciliation to the nearest GAAP measure. อลง (1) (2) Indexed to January 2020 organic revenue. (3) Take Rate as defined on slide 52. (4) COVID refers to period beginning March 2020. 28 20#29Sustainable: Asset light ($ in millions) % Adj. cash $420 $501 $580 $669 $537 $464 $399 $316 2020E 2021E Adj. cash conversion (1) 2022E (1) Organic Adj. EBITDA 2023E conversion 75% 80% 80% 80% margin(¹): Organic Adj. EBITDA margin(¹): 30% 33% 34% 36% (1) See slide 49 for additional information regarding this non-GAAP measure. Paysafe: 500+ bps Organic Adj. EBITDA margin (1) expansion, 2020E-2023E 80% Adj. cash conversion margin(¹) 29 20#30Organic Adj. EBITDA Bridge 2020E to 2021E ($ in millions) ~20% Organic Adj. EBITDA (1) growth 13 40 14 49 $420 60 $561 $501 ☐ (33) Organic gross profit (1) - $102 Adj. operating expenses (1) - ($21) Paysafe: 2020E Organic Adj. EBITDA (1) Processing eCash Digital Wallet Credit Losses Adj. Operating Expenses excl. Credit Losses (2) 2021E Organic Pro forma upside 2021E Organic pro forma upside opportunity Adj. EBITDA (1) opportunity Adj. EBITDA incl. Continued momentum in payment processing, iGaming and scale benefits driving ~20% Organic Adj. EBITDA (1) growth and 550+ bps of Operating Leverage (3) with additional pro forma upside (1) See slide 49 for additional information regarding this non-GAAP measure. (2) Represents upside impact to base plan '21E Organic Adj. EBITDA giving pro forma effect to cost savings and revenue opportunities if and when realized in future periods. (3) Operating Leverage is defined as Organic Revenue growth less Adj. Operating Expenses growth. 30 30#31Paysafe comparison versus its peers Paysafe: PayPal nuvei Integrated payments paya REPAY Realtime Electronic Payments Shift4 PAYMENTS Risk management Global Vertical focus Two-sided network eCommerce capabilities Note: eCommerce, Integrated as defined on slide 52. Paysafe: Traditional Payments fiserv. g globalpayments 31#32Paysafe's valuation framework 2 3 Commerce Enablers S shopify 42% /NM eComm Leaders Integrated Payments Shift4 PAYMENTS 21% / 35x adyen 38% /NM PayPal 19% / 35x REPAY Realtime Electronic Payments 18% / 27x nuvei 17% / 35x Square 50x+ 17% /NM paya 15% / 25x Traditional Payments g globalpayments FIS fiserv. 9% / 19x 8% / 18x 7% / 16x Source: Company filings, Wall Street research and Factset as of 12/4/2020. Note: Figures represent '22E/'21E revenue growth and EV/2021E EBITDA. Integrated as defined on slide 52. 30x+ 20-30x 15-20x EV/EBITDA multiple Paysafe: Key comparables 32#33WWW. paysafe .com Deloitte 099 ONenowa Ba Thank you Plug into Paysafe#34Paysafe Appendix#35■ Blackstone and CVC value creation since take-private Net revenue has increased from $864m (2017A) to $1.4bn (2019A) since take-private, representing a 27% CAGR ■ Invested over $250m in key platform upgrades across technology, risk and control, and product ■ Upgraded and expanded management to begin institutionalizing business and processes ■ Exited high-risk business in Asia, reducing earnings volatility ◉ Spent over $1bn on strategic M&A to build and diversify the business ■ Enhanced TAM potential by expanding into US iGaming, currently active in all 12 states Paysafe: Rapid expansion in US iGaming market Acceleration of eCommerce payments volume + (75% of business today) Investor interest in payments vertical " Enhanced geographic diversification of business Net revenue 27% CAGR $1.4bn $864m 2017A 2019A Paysafe today is fundamentally a different business than at take-private Note: eCommerce as defined on slide 52. 35#36Paysafe: We have developed highly differentiated capabilities Paysafe: differentiated B2B Network Highly Global & Local Distribution & Marketing Leading Digital Solutions Global True Global ndset & Pres Global Expertise Commerce Solutions Advanced Digital Client-Centric Culture Entrepreneurial Deep Domain Expertise World-Class Risk Mgmt. & Compliance Unified & Sc Cloud Global Platform Proven and Repeatable M&A Playbook Proprietary Solutions & Reach Unique Experience & Expertise Smart Platform for Growth 36#37We are well positioned for faster growth... (¹) $58 trillion (1) potential TAM with digitized cash and APMs 6% Traditional Payments Market Growth (3) Paysafe: Leading Digital Solutions eCommerce & Integrated Commerce 75%+ of Paysafe's Organic Revenue (2) iGaming Commerce 34% of Paysafe's Organic Revenue (2) 42% 12% 12% 11% 8% SMBs market Integrated market eCommerce market International iGaming US iGaming growth (4) growth (5) growth (6) market market growth (7) growth (8) Focused on MOST Attractive Segments & Verticals Source: Traditional payments market data per Euromonitor International. International excludes Bangladesh, Brunei Darussalam, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, Pakistan, Singapore, South Korea, Thailand, Vietnam, Poland and Turkey. (3) Note: (1) (2) Based on FY2019A revenue. See slide 49 for additional information regarding this non-GAAP measure. See slide 50 for reconciliation to the nearest GAAP measure. eCommerce market data per eMarketer. International market data excludes China, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand and Vietnam. International excludes Cambodia, Malaysia, Singapore, Indonesia, Southeast Asia other (Vietnam, Laos, Myanmar, Thailand, Brunei Darussalam), South Asia other (Bangladesh, Pakistan), Japan, Turkey, Poland, the U.S. and China. APM, Integrated, and eCommerce as defined on slide 52. Mastercard Investor Day data, September 2019 - Cardable PCE +Cash & Check PCE P2P Cash & Check market sizes. (4) BCG Global Payments 2019: Tapping into Pockets of Growth. 2018-2023 Global Payments Revenue CAGR. The Strawhecker Group 2019 AIM Portfolio Comparison Report. US SMB 2019 Payments Growth. (5) (6) (7) Glenbrook Evaluation of Project Iris. 2017-2021 ISV Revenue CAGR. eMarket Global Ecommerce Sales Growth 2020-2023 CAGR. EDC Market Opportunity Overview, Online Gambling 2020-2025 CAGR. 37 (8) Paysafe management estimates based on EDC, H2 Capital and Eilers & Krejcik market sizing research, 2019-2025 CAGR.#38...driven by a team of experienced industry leaders Afshin Yazdian CEO, US Acquiring Philip McHugh Chief Executive Officer Danny Chazonoff Chief Operating Officer Izzy Dawood Chief Financial Officer Paulette Rowe CEO, Integrated & eCommerce Solutions Lorenzo Pellegrino CEO, Skrill, NETELLER, Income Access Udo Müller CEO, paysafecard Paysafe: Global Expertise Roy Aston Elliott Wiseman Nick Walker Chief Technology Officer General Counsel & Chief Compliance Officer Chief HR Officer Louise Clements Chief Marketing Officer Chi Eun Lee Richard Swales EVP, Chief of Staff Chief Risk Officer Leadership is a mix of true entrepreneurs and seasoned executives from PayPal, Facebook, Barclays and BNY Mellon 38#39Combined to create growth & deliver results Paysafe: True Mindset&obal rentiat B2B Network B2C B2B Ne Global Expertise Distribution & Global & Local Marketing Leading Digital Solutions Commerce Solutions Advanced Digital Deep Domain Expertise Client-Centric Culture Entrepreneurial World-Class Risk Mgmt & Compliance Cloud Technology Unified & Scalable Global Platform Proven and Repeatable M&A Playbook 1 Highly differentiated two-sided network B2C & B2B capabilities 2 3 Attractive Global Growth Opportunities Strong Performance & Financial Results Consistent double digit organic topline growth and 500bps+ margin (1.2) expansion... ...driving 17% organic adj. EBITDA growth (1,3)... See slide 49 for additional information regarding this non-GAAP measure. See slide 50 for reconciliation to the nearest GAAP measure. Represents organic adjusted EBITDA margin expansion. See slide 50 for reconciliation to the nearest GAAP measure. Represents 2020-2023 CAGR. (1) (3) (4) Assumes incremental organic adj. EBITDA from M&A which is currently not in the forecast. ...with potential for 2x organic adj. EBITDA in 3 years (1,4) 39#40Paysafe: Detailed path toward organic revenue generation and cost savings Enterprise sales Key initiatives to be executed in 2021 Cross-selling funnel Transformational deals In Budget '21 Revenue Beyond Budget '21 Costs Revenue Costs $25 $60 Operations platform Risk platform Bank as a service Gateway Convergence ☐ Process transformation and automation ☐ 30% reduction in premises footprint $5 $6 $15 $14 ☐ Back office consolidation (risk, compliance, and operations) Failed deposits for Digital Wallets ◉ Fraud reduction Good/Bad rate improvement Credit loss improvement Digital Wallet funding enhancement ◉ ☐ $5 $10 $10 $5 Lower fees (acquiring, APM, FX) Closing of unused accounts $5 $10 Banking relationship consolidation Consolidate onto proprietary acquiring licenses Consolidation onto Unity Sell Paysafe eComm gateway via USPP division Skrill for merchants as payout / settlement for SMBs Migrate more wallet volume to Paysafe acquiring Total Organic Adj. EBITDA (1) Note: (1) All numbers represent maximum achievable revenue and cost targets. See slide 49 for additional information regarding this non-GAAP measure. $15 $10 $40m $26m $100m $29m $40m+ $60m+ 40#41Leading specialized Digital Wallet Paysafe: Digital Wallets 2021E Organic Revenue (4) Digital wallets 29% > Skrill NETELLER INCOME access Market leadership and scale Diversified network of digital wallet solutions solving complex commerce friction and enabling the use of global APMs Enables consumers to upload, store, withdraw, and pay funds from a virtual account Vertical focus: iGaming Remittance Trading Prepaid Paysafe: 120+ Markets (1) $441m 2021E Organic Revenue (4) $23.5bn 2021E Volume Broad reach and deep expertise ~70 APMS (2) 3.8m Active users (5) -$1bn Attractive growth and mix -100% eCommerce (3) 14% '20E-'23E Organic Revenue CAGR (4) 1.9% Deposits (6) 2021E Take Rate Note: APMs, Take Rate, eCommerce as defined on slide 52. (4) See slide 49 for additional information regarding this non-GAAP measure. (1) Based on countries from which revenue was generated in FY2019A. (5) (2) Based on available APMS offered by Paysafe during FY2019A. LTM as of July 2020. Active users based on active wallet accounts. Includes both independent and network accounts. (3) Based on FY2019A organic revenue. See slide 50 for reconciliation to the nearest GAAP measure. (6) Based on total digital wallets balances as at September 2020. 41#42Digital Wallet: Millennial and sophisticated digital consumers Skrill Specialized Wallets, Payments, and P2P transfers I'm able to upload and withdraw funds with ease. Paysafe: NETELLER BIP 17 G 9112 10 Train Count per day for Q Tray for Q3 2015 Skrill 1-Tap Sek 5. Поня NETELLER I enjoy sports betting and online poker at my favorite brands. Deposit to your account Select a deposit option I love to trade crypto and move money into multiple currencies. My Skrill prepaid Mastercard means I can easily access my funds when I travel. I use Rapid Transfer to quickly fund my account. bet365 DRAFT KINGS Merchants betfair GOLDEN NUGGET LAS VEGAS sportingbet coinbase POKER STARS 5+4 Electronics Shop NETELLER NETELLER NETELLER 60908 Choose a way to pay. Order information them are 1 tame h your IETELLER 1.discoid BLE Utash M NETELLER Aunt information sign in your accent bompete your purclas "manly m SIMON ak TO €75.00 42 42#43eCash: Bringing otherwise inaccessible consumers to high growth digital merchants Paysafe: eCash Paysafe: paysafecard 2021E Organic Revenue (4) eCash 21% Paysafe:cash Market leadership and scale > • Proprietary digital currency solutions empowering online, mobile and in-app commerce for the cash consumer • Enables consumers to use cash to pay for goods and services online through both a prepaid and a barcode payment (billing, invoice, etc) solution • Vertical focus: Gambling Video Gaming Utilities Social Financial Rent Media Services Payments Broad reach and Attractive growth deep expertise and mix 50+ Markets (1) $318m 2021E Organic Revenue (4) $4.7bn 2021E Volume 650k+ Distribution points (2) 12m Active users (5) Redeemable at 2,800+ 100% eCommerce (3) 8% '20E-'23E Organic Revenue CAGR(4) 6.8% 2021E Take Rate Online stores (6) Note: eCommerce, Take Rate as defined on slide 52. (4) (1) (2) Based on countries in which paysafecard vouchers are available for purchase as at the end of H1 2020. Average distribution points YTD September 2020. (5) See slide 49 for additional information regarding this non-GAAP measure. Paysafe estimate as of LTM September 2020. (6) Based on average active monthly merchants YTD September 2020. (3) Based on FY2019A organic revenue. See slide 50 for reconciliation to the nearest GAAP measure. 43#44eCash: Making Cash Available for Digital Commerce Paysafe: paysafecard @paysafecard Enter 16-digit PIN CHECK BALANCE TOP UP CRENT Sales outlets near you paysafeca show more Pay with sayalecard dassic €25 paysafecard pay cash. pay safe. Migrating 80% of volume to account/app-based 1x Product 150 EUR 2x Produc Yes, lagree the Terms of paysafecard Serving Gen Z, Millennial and Underbanked consumers across 50+ (1) markets I pre-buy cash vouchers to upload for online gaming upgrades. I buy online but I pay in cash at my local convenience store. paysafecard is everywhere... I'm never far from topping up. If I'm not playing, I'm streaming. I can pay cash for my whole online life. Paysafe:cash Paysafe:cash 95.00 256 060 688 4456 validuni 13.03.29 12:46 PM Paysafe:cash NETELLER Paysafecash is as easy a 010 000 034 4767 04209 1700 Get the QR find payment p eni With Paysafecash you car (1) 44 Pay with my parsafecard account w Pay with sear2aey~ IS S paysafecard i ° paysafecard Amount: 10.00 Serial number: 0000000123456793 PIN: 1234 1234 1234 1234 Date 04.02.2025 -997534 Time: Trace 323416 FIND Fed your local sales out www.paysafecard.com Merchants amazon FORTNITE twitch Distribution partners bp Google Play DOLLAR GENERAL STEAM™ Spotify CVS pharmacy A SPARA ALDI Based on countries in which paysafecard vouchers are available for purchase as at the end of H1 2020. 44 44#45Processing: Full stack of integrated and eCommerce solutions Paysafe: Processing . 2021E Organic Revenue (4) Processing 50% > Proprietary international gateway that can process across US, Canada and Europe • Scaled distribution across the US Leading iGaming platform with unique single API integration across 3 segments • Global risk management expertise which allows entry into high value verticals • Vertical focus: eComm Integrated Paysafe: SMB Market leadership and scale #4 Independent Merchant Acquirer in the US (1) $764m 2021E Organic Revenue (4) $74.8bn 2021E Volume Integrated, ISV, Take Rate, SMB, POS and eCommerce as defined on slide 52. Broad reach and deep expertise 150+ ISV Integrations (2) 250k+ Merchants (5) Leading Attractive growth and mix 50%+ eCommerce & Integrated (3) 10% '20E-'23E Organic Revenue CAGR(4) 1.0% 2021E Take Rate Clover Smart POS reseller (5) Based on open merchant accounts as of September 2020. 45 Note: (1) Nilson Top Acquirers 2019 excluding bank or bank owned acquirers. (2) As of September 2020. (3) Based on FY2019A organic revenue. See slide 50 for reconciliation to the nearest GAAP measure. (4) See slide 49 for additional information regarding this non-GAAP measure.#46Processing: Illustrative customer profile Small Merchant looking for growth I want a better option for my core merchant acquiring. My business needs smart POS solutions to let me focus on the customer. Software Vendor at scale Paysafe: My agile dev team needs a single integration through REST APIs. I need a partner who can help me grow into new markets. I need a partner that can provide in-store and online solutions. I need access to all the relevant local payment methods that my customers want. I want a company that has the ability to help me optimize my cash flow. I want to partner with a company that understands the special needs for my industry. Representative merchants Note: API as defined on slide 52. DRAFT KINGS ПРОШЕГ LOTO QUÉBEC MINDBODY. 46 40#47Operational Benchmarking Organic Revenue (1) growth ('22E/'21E) eCommerce / Focus payments Paysafe: PayPal nuvei Integrated Shift4 PAYMENTS REPAY Realtime Electronic Payments Global processors globalpayments C0000 FIS (2) 19% 21% 17% 18% 13% 9% 8% Average: 18% Average: 20% Paysafe: fiserv. 7% Average: 8% Organic adj. EBITDA (1) 32% growth 17% (2) 20% 19% 19% 12% ('22E/'21E) 12% Organic adj. EBITDA (1) margin ('21E) Average: 19% Average: 26% 9% Average: 11% 40% 39% 44% 47% 45% 43% 33% 29% Average: 34% Average: 42% Average: 45% Source: Company filings and FactSet as of 12/4/2020. Note: Numbers shown on a calendar year basis. (1) (2) For Paysafe, See slide 49 for additional information regarding this non-GAAP measure. Includes upside impact to base plan '21E and '22E Organic Adj. EBITDA and Organic Revenue giving pro forma effect to cost savings and revenue opportunities if and when realized in future periods as well as effect to growth in U.S. iGaming market volume if and when it occurs. 47#48Valuation Benchmarking EV / 2021E Organic adj. EBITDA (1) EV/2022E Organic adj. EBITDA (1) Paysafe: 16x (2,4) I I Integrated eCommerce / Focus payments PayPal nuvei Shift4 PAYMENTS REPAY Realtime Electronic Payments Paysafe: Global processors ***** FIS fiserv. globalpayments 35x 35x 35x 27x 19x 18x 16x I I Average: 35x Average: 31x Average: 18x 29x 29x 26x 23x (3,4) 14x 17x 16x 15x Average: 29x Average: 25x Average: 16x Numbers shown on a calendar year basis. For Paysafe, See slide 49 for additional information regarding this non-GAAP measure. Source: Company filings and FactSet as of 12/4/2020. Note: (1) (2) (3) (4) Organic adj. EBITDA based on pro forma forecast plan which includes additional $60m from incremental revenue opportunities and cost savings. Organic adj. EBITDA based on pro forma forecast plan which includes additional $60m from incremental revenue opportunities and cost savings and $15m upside from accelerated US iGaming. '21E and '22E organic adj. EBITDA multiples of 18x and 16x, respectively, if incremental revenue and cost saving opportunities and US iGaming acceleration are excluded. 48#49Paysafe: Non-GAAP Measures and Basis of Presentation Statement Regarding Non-GAAP Financial Measures This presentation includes Organic Revenue, Organic Gross Profit/Gross Margin, Organic Adjusted EBITDA, Organic Adjusted EBITDA Margin, Adjusted Operating Expenses, Adjusted Cash Conversion and Adjusted Cash Conversion Margin, which are supplemental measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States ("GAAP"). Organic Revenue is stated on a net basis unless otherwise stated. For all historical periods in this presentation, Organic Revenue is presented on a basis that gives effect to acquisitions and dispositions that occurred in the relevant period as if such acquisitions and dispositions had occurred at the beginning of the relevant reporting period. Net revenue is presented net of interchange and card scheme fees for certain payment processing businesses and follows the recognition and measurement principles of applicable accounting standards, notably ASC 606. Organic Gross Profit/Organic Gross Margin is defined as Organic Revenue less cost of services. Organic Adjusted EBITDA is defined as net income/(loss) before the impact of income taxes, interest expense, interest income, depreciation and amortization, impairment expenses, foreign exchange gains and losses, non-recurring costs, and other income and expenses. These adjustments include non-cash items which by their nature are volatile and vary significantly based on factors outside Paysafe's control such as the impact of foreign exchange rates. These adjustments also exclude the impact of items that are not reflective of the underlying performance of the Company and ongoing operating results, such as restructuring and acquisition costs. For all historical periods in this presentation (i.e., 2018, 2019 and 2020E), Organic Adjusted EBITDA is presented on a basis that gives effect to acquisitions and dispositions that occurred in the relevant period as if such acquisitions and dispositions had occurred at the beginning of the relevant reporting period. Additionally, Organic Adjusted EBITDA does not give effect to certain recurring costs that we expect to incur in periods after we have become a public company, including additional headcount in finance and accounting, investor relations and legal functions, board fees, D&O insurance, stock exchange fees and similar costs. We currently estimate that these recurring public company costs will range from approximately $5 million to $6 million annually. Organic Adjusted EBITDA Margin is calculated as Organic Adjusted EBITDA as a percentage of Revenue. Adjusted Cash Conversion is defined as Adjusted EBITDA less capital expenditures and increases/(decreases) in working capital. Capital expenditure includes purchases of intangible assets (excluding merchant portfolios) as well as purchases of property, plant and equipment. Working capital consists of the balance sheet line items Customer accounts and other restricted cash, Accounts receivable, Settlement receivables, Prepaid expenses and other current assets, Accounts Payable and accrued liabilities, Funds payable and amounts due to customers. Adjusted Cash Conversion Margin is calculated as Adjusted Cash Conversion as a percentage of Organic Adjusted EBITDA. Adjusted operating expenses is equivalent to the Company's Selling, General and Administrative Expenses and is inclusive of credit losses. Adjusted operating expenses is adjusted where relevant for the items stated above as adjustments to the Company's definition of Organic Adjusted EBITDA. For all historical periods in this presentation (i.e., 2018, 2019 and 2020E), Adjusted operating expenses is presented on a basis that gives effect to acquisitions and dispositions that occurred in the relevant period as if such acquisitions and dispositions had occurred at the beginning of the relevant reporting period. Management believes the presentation of these non-GAAP financial measures, when considered together with the Company's results presented in accordance with GAAP, provide users with useful supplemental information in comparing the operating results across reporting periods by excluding items that are not considered indicative of Paysafe's core operating performance. In addition, management believes the presentation of these non-GAAP financial measures provides useful supplemental information in assessing the Company's results on a basis that fosters comparability across periods by excluding the impact on the Company's reported GAAP results of acquisitions and dispositions that have occurred in such periods. However, these non-GAAP measures exclude items that are significant in understanding and assessing Paysafe's financial results or position. Therefore, these measures should not be considered in isolation or as alternatives to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that Paysafe's presentation of these measures may not be comparable to similarly titled measures used by other companies. In addition, the forward-looking non-GAAP financial measures provided herein have not been reconciled to comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations. See the following slide for reconciliations of the historical non-GAAP financial measures presented herein to their most directly comparable GAAP financial measures. A reconciliation of our forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the adjusting items necessary for such reconciliations that have not yet occurred, are out of our control, or cannot be reasonably predicted. Basis of Presentation Revenue is stated on a net basis unless otherwise stated. Net revenue is presented net of interchange and card scheme fees for certain payment processing businesses and follows the recognition and measurement principles of applicable accounting standards, notably ASC 606. 49#50GAAP to Non-GAAP Reconciliation ($ in millions) Organic Adjusted EBITDA Unaudited 2019A Unaudited 2018A ($ in millions) Paysafe: Organic Revenue Unaudited Unaudited 2019A 2018A Organic Adjusted EBITDA 468.6 442.0 Organic Revenue 1,389.7 1,227.4 Adjustments for acquired businesses (1) (42.1) Adjustments for acquired businesses (1) (130.0) Adjustments for disposed or discontinued businesses (1) (1.0) 8.1 Adjustments for disposed or discontinued businesses (1) 28.4 43.3 Individually immaterial items (1.3) Revenue 1,418.1 1,140.7 Adjusted EBITDA 466.3 408.0 Depreciation and Amortization (279.8) (234.3) ($ in millions) Adjusted OPEX Unaudited 2019A Impairment Expense on Intangible Assets (88.8) Adjusted OPEX 417.4 Restructuring and Other Costs (2) (50.7) (57.8) Adjustments for acquired businesses (1) Gain on disposal of a subsidiary, net 4.8 Adjustments for disposed or discontinued businesses (1) 24.4 Operating Income 51.8 115.9 Individually immaterial items 1.3 Other (expense)/income, net (13.9) 6.0 Selling, General and Administrative Expenses 443.1 Other interest expense, net (164.6) (156.0) Loss before taxes Income tax benefit/(expenses) (126.7) (34.1) 14.8 (6.9) Net Loss (111.9) (41.0) Basis of Presentation: The historical non-GAAP measures used in this presentation have been reconciled to their most directly comparable GAAP financial measures derived from the unaudited consolidated income statements of Pi Jersey Holdco 1.5 Limited for the years ended December 31, 2019 and 2018. (1) These adjustments give effect to acquisitions and dispositions that occurred in the relevant reporting period as if such acquisitions and dispositions had occurred at the beginning of the relevant reporting period. These adjustments have not been prepared in accordance with the applicable requirements of Rule 11-02 of Regulation S-X concerning pro forma financial information. See Slide 49 for additional information. (2) Restructuring and other costs include acquisition costs related to the Company's merger and acquisition activity, restructuring costs, transaction costs and strategic transformation costs resulting from value creation initiatives following business acquisitions, including certain professional advisory costs, office closure costs and resulting severance payments to employees. 50#51GAAP to Non-GAAP Reconciliation (cont'd) ($ in millions) Organic Gross Profit Adjustments for acquired businesses (1) Adjustments for disposed or discontinued businesses (1) Gross Profit excluding Depreciation and Amortization Organic Gross Profit 2019A (Unaudited) 2018A (Unaudited) Paysafe: eCash Digital Wallets Processing Total eCash Digital Wallets Processing Total $139.3 $341.4 $405.3 $886.0 $140.1 $285.1 $365.7 $790.9 (75.8) (75.8) 23.4 23.4 34.8 34.8 $139.3 $341.4 $428.7 $909.4 $140.1 $285.1 $324.7 $749.9 Revenue 264.7 424.0 729.4 1,418.1 261.1 341.1 538.5 1.140.7 Cost of Services excluding depreciation and amortization (125.4) (82.6) (300.7) (508.7) (121.0) (56.0) (213.8) (390.8) Gross Profit excluding Depreciation and Amortization $139.3 $341.4 $428.7 $909.4 $140.1 $285.1 $324.7 $749.9 Basis of Presentation: The historical non-GAAP measures used in this presentation have been reconciled to their most directly comparable GAAP financial measures derived from the unaudited consolidated income statements of Pi Jersey Holdco 1.5 Limited for the years ended December 31, 2019 and 2018. (1) These adjustments give effect to acquisitions and dispositions that occurred in the relevant reporting period as if such acquisitions and dispositions had occurred at the beginning of the relevant reporting period. These adjustments have not been prepared in accordance with the applicable requirements of Rule 11-02 of Regulation S-X concerning pro forma financial information. See Slide 49 for additional information. 51#52Glossary: Summary of Definitions Paysafe: API Application Programming Interface APM Alternate Payment Methods eCommerce eCommerce refers to any transaction that significantly relies on online activity by the merchant or consumer. This includes, but is not limited to, online credit card purchases, merchant purchases using paysafecard vouchers, and bank transfers into digital wallet accounts Forecast plan Paysafe forecast plan over 2020-2023 Integrated Integrated includes petroleum card services and businesses that are integrated to third party software vendors that provide one-to-many integrations ISV Independent Software Vendor LTM Last twelve months POS Point of sale SMB Small and Medium-sized Businesses Take rate Defined as net revenue divided by volume 52 52