#1Paysafe: /alalalal 323 156 LASALLE Investor Presentation December 2020 SEINFELS 1041030 JUH TAX 3270 TAXI 3270 TX RAYTESS 10 3210 INGE D 1#2Legal disclaimer Paysafe: Important Information About the Proposed Business Combination and Where to Find It 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 ■ 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: FIDELITY FIS NATIONAL FINANCIAL dun&bradstreet BLACK CH CANNAE HOLDINGS, INC. KNIGHT ■ ■ ■ 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: TSYS BARCLAYS citibank ■ ■ ■ 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: Paysafe: BNY MELLON Santander Consumer USA WELLS FARGO W WageWorks 3#4Note: (1) (2) (3) (4) Transaction Overview Foley Trasimene, Blackstone, and CVC partnering to drive value (8) Pro Forma Equity Value Pro Forma Net Debt Pro Forma Enterprise Value Pro forma valuation ($ in mm) $1,663 $140 min. +13% growth $1,523 (3) 2021E Organic Revenue (4) Pro Forma Net Leverage / 2021E Organic Adj. EBITDA * 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 I I $1,8721 ~ $46 min. $140 min. $1,686 2022E I Pro forma multiples: Organic Adj. EBITDA(4) $561 $60 min. (3)(4) $501 2021E 16x $7,195 Pro forma upside opportunity(7) 1,805 120+ bps Organic Adj. EBITDA(4) margin expansion +17% growth $9,000 3.6x $655 $15 min. $60 min. $580 2022E 14x ($ in millions) Sources (excl. founder shares) SPAC Cash in Trust (¹) Forward purchase agreement PIPE investment U.S. ¡Gaming expansion (8) * (PIPE investment excl. CNNE(5), FNT and CTI (6): $1,150) Existing Paysafe shareholders rollover equity Total sources Significan upside through transformation opportunity Uses (excl. founder shares) Debt paydown Cash consideration to existing Paysafe shareholders Existing Paysafe shareholders rollover equity Estimated fees and expenses (2) Total uses Pro Forma Ownership(¹) SPAC and CNNE FPA 22.5% PIPE Shareholders 27.8% Foley Trasimene 4.0% Paysafe: 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). $1,467 150 2,000 3,291 $6,908 $1,117 2,323 3,291 176 $6,908 Blackstone, CVC, and other shareholders 45.7% 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. See slide 49 for additional information regarding this non-GAAP measure. 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 Foley will bring a team of board members to oversee transformation ■ ■ 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 ■ 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 Deep strategic M&A expertise in payments - Team has consummated hundreds of financial technology M&A transactions for tens of billions in transaction value Synergy bonus pool to align incentive and drive performance Source: Cannae Holdings Investor Presentation, Dun & Bradstreet materials, public company filings. Market cap data from Factset as of 12/4/2020. (1) Bill Foley currently owns no equity in FIS. (2) Achievement on-going. (3) Synergy projection and realization data provided by FNF. MFIDELITY NATIONAL FINANCIAL Acquiror Cannae FNF FIS FNF FIS FIS Strong history of value creation... FNF FNF $10.8bn FNF $2.5bn Fis $3m 1984 Current 2006 Current 2015 Current 2018 LBO Mkt Cap Spin-Off Mkt Cap IPO Mkt Cap IPO Target D&B $91.4bn LPS BLACK KNIGHT $1.6bn ...and overachieving targeted savings ($m) $ of synergies achieved $225(2) $312 $300 $265 $87 $50 $33 $17 $133 $14.0bn Jan-2014 Metavante Apr-2009 Land America Dec-2008 Sep-2007 Feb-2006 Acquisition Forecast date savings Feb-2019 $200 $150 $260 $150 $65 $50 $25 $15 $90 eFunds Cartegy Intercept(3) Aurum (3) Chicago Title(3) Mar-2000 CERIDIAN dun & bradstreet $4.2bn Dec-2004 Mar-2004 Paysafe: $14.0bn $2.0bn $11.3bn Current. 2019 Current Mkt Cap LBO Mkt Cap 01 5#6Bill Foley is an agent of change and transformation Revenue opportunity Incremental Adj. EBITDA(1,2) Incremental Adj. EBITDA incl. US iGaming upside (1,3) Total project cost savings from platform integration Operations: $20m ▪ Process transformation and automation ▪ 30% reduction in premises footprint Back office consolidation (risk, Risk platform: $15m compliance, and operations) 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 Note: (1) (2) (3) (4) 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 ■ $140m $60m $75m ■ ■ 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) ✓ Foley team drives Foley track record of synergy achievement 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 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. Paysafe: 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 Four steps to drive transformational value creation ✓ Foley governance team with expertise in transformative M&A 6#7Paysafe 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 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 Paysafe: Similar characteristics to Paysafe Source: FactSet. Market cap data from Factset as of 12/4/2020. Perfect fit with Foley playbook bringing valuation creation and growth Strongly positioned within large, high- growth industry 7#8Paysafe: ||||||| 75%+ ECOMMERCE & INTEGRATED ORGANIC REVENUE(1) Note: (1) ||| 1. Introduction to Paysafe eCommerce and Integrated as defined on slide 52. See slide 49 for additional information regarding this non-GAAP measure. Paysafe:group#91 2 3 4 5 Leading global pioneer in digital commerce Highly differentiated B2B and B2C global network with a powerful suite of digital wallet, eCash and integrated processing solutions Note: (1) 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 Total Volume '21E $1.5bn Organic revenue(¹) ¹21E Integrated as defined on slide 52. See slide 49 for additional information regarding this non-GAAP measure. 11% Organic revenue(1) CAGR '20E-¹23E Proprietary B2C+ B2B Network & Capabilities 5.00 To Sl LACE Paysafe: Paysafe: Skrill Advanced Suite of Digital Commerce Solutions HHH 17% Organic adj. EBITDA(1) CAGR '20E-¹23E Proven Expertise in Solving & Simplifying the Complexities of Global Digital Commerce... ...driven by: • Global Risk Management Infrastructure ▪ Smart Unity Platform ■ Proven Expansion Playbook 30%+ Organic adj. EBITDA(1) '21E Margin 9#10Proprietary integrated solutions... Overview Customers Capabilities Note: (1) (2) Paysafe: DI Digital Wallets #2 ▪ Network of digital wallet solutions enable users to upload, store, withdraw & pay funds and APMs from a virtual account Presence in 120+(2) markets I Global stored value Digital Wallet(1) ~70(3) APMs Mobile and in-app commerce P2P/Money transfer Millennial & Sophisticated Digital Consumers & Gamers DRAFT KINGS bet365 William HILL betfair #1 Proprietary digital currency solutions empowering online, mobile and in-app commerce for gamers & cash consumers ▪ Presence in 50+(5) markets ■ Paysafe eCash eCommerce, APM, API, Integrated, POS as defined on slide 52. (3) 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. Based on countries from which revenue was generated in FY2019A. (5) (6) iGaming eCash network(4) Digitization of cash Prepaid solution Invoicing solution Gen Z, Millennial & Underbanked Consumers FORTNITE twitch Spotify Paysafe Integrated Processing #4 Integrated, POS & eCommerce solutions for SMBs and eCommerce sellers to accept payments across channels Independent merchant acquirer in the US(6) ▪ Presence across US, Canada & Europe Proprietary gateway Single API integration Integrated & Online Commerce eCommerce Businesses Integrated Software POS SMB Merchants OMINDBODY DRAFT KINGS A Unique Combination of B2C & B2B Capabilities прower 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 Based on available APMs offered by Paysafe during FY2019A. 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#11KPI's Organic Revenue Mix 2021E financial metrics ...with an attractive scale and financial profile % eCommerce & Integrated (7) $ Volume Take rate (8) Organic Organic Gross Revenue (⁹) Profit(⁹) Paysafe: (6) 3.8m ~$1bn Active users(1) Deposits (2) Digital Wallets ~100% ~$23bn 1.9% $441m (29% total) $359m (82% margin) - Paysafe: eCash Based on total digital wallets balances as at September 2020. Paysafe estimate as of LTM September 2020. Average distribution points YTD September 2020. 12m Active users(3) Based on open merchant accounts as of September 2020. As of September 2020. 650k+ Distribution points (4) ~100% ~$5bn 6.8% $318m (21% total) Note: eCommerce, Integrated, ISV as defined on slide 52. (7) (1) LTM as of July 2020. Active users based on active wallet accounts. Includes both independent and (8) network accounts. (9) (2) $170m (53% margin) S Paysafe: 250k+ Merchants (5) Integrated Processing 150+ ISV Integrations (6) 50%+ ~$75bn 1.0% $764m (50% total) $432m (57% margin) Paysafe: Leading Digital Solutions FY2019A. Take Rate as defined on slide 52. See slide 49 for additional information regarding this non-GAAP measure. Paysafe: 75%+ 75%+ Organic Revenue(9) from eCommerce & Integrated(7) ~$103bn 1.5% $1,523m $961m (63% margin) 11#12...creating a powerful Paysafe Network Merchant Value Proposition Full stack of integrated commerce solutions enabling businesses to accept payments online and in-store (1) (2) $ ■ ■ eCommerce Integrated Solutions Scaled SMB Platform Proprietary APMs Superior Take Rate Paysafe: Network Global Reach ~1.4% Consumer Value Proposition 0.8% Paysafe: (¹) Peer Average (1,2) ■ Digital Wallets ■ e-Cash o Note: Take Rate, eCommerce, APM, SMB, and Integrated as defined on slide 52. Take Rate as of 2019A. Peers include: Fidelity National Information Services, Fiserv, Repay, Nuvei, Shift4, PayPal, Global Payments, EVO Payments, Paya, i3 Verticals, Priority Payments and Adyen. Paysafe: Leading Digital Solutions 000 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 (1) (2) (3) (4) Europe and Rest of World Launched in 1999 Global leader with over 1,000(1) operators SK $77bn 12% CAGR $135bn 2025E 2020E Market volume ($bn)(2) Single integration Canada Launched in 2010 100% of Canada iGaming coverage deployed Paysafe Market Playbook Mathe after 2010 launch PETRY 6 15% CAGR 2020E 2025E Market volume ($bn) (3) $2.5bn Connectivity to leading payment methods As of September 2020. EDC and H2 Gambling Capital research 2020-2025. Excludes China and North America. 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. Risk and regulatory management expertise (5) United States Launched in 2013 Live in 12 states Serves over 60 operators, representing ~75% of the market 55% CAGR $3.4bn 2019E (4) $47bn4 Paysafe: Global Expertise $24bn (5) 2025E Market volume ($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 Business Microservices Services Transact "All the ways people pay" Analyze "Data and Analytics" Back Office INTEGRATION FABRIC Monitoring and Logging Master data integration Infrastructure integration Security and management Note: Integrated, API and SMB as defined on slide 52. Defend "Secured by Paysafe aws OJLLO Unity Platform ▪ Automated underwriting ■ 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 " Wallet Consolidation Single platform across Skrill and Neteller Timing: Q4 2020 I Timing: eCash - 2020; Digital Wallet - 2021; Payment processing - 2022 Paysafe: Global Platform Payment Processing transformation Single onboarding for US SMB merchants Timing: Q4 2020 Advanced Platform-as-a-Service Advantages Cyber Security ▪ Acceleration of data loss prevention, further maturity of the security operating centre, vulnerability management and reporting Timing: Ongoing 14#15Global Platform: risk & compliance Highly developed Global Risk & Compliance Capabilities: Proven by Years of Successful Development in Complex Markets III BRITISH COLUMBIA Canada: Registered with the British Columbia GPEB COLORADO Department of Revenue Specialized Business Group Canada: Registered supplier in Ontario, regulated by Alcohol and Gaming Commission US: Registered with the Colorado Control Commission US: 45 state licenses UNITED STATES DEPARTMENT OF THE TREASURY Fin@EN U.S.: Registered with the Michigan Gaming Control Board US: Registered with the Tennessee Education Lottery Corporation Zil US: West Virginia State Lottery :Interim Supplier License U.S.: Pennsylvania Gaming Control Board: Authorized service provider U.S.: Registered with the division of Gaming Enforcement, New Jersey Canada: Noval Scotia AGFT: Lottery equipment supplier 300+ Professionals Dedicated to Risk & Compliance and Analytics U.S.: Registered with the Delaware State Lottery Office Banc Ceans na lrrann Central Bank of Ireland Invers Two e-money licenses in Ireland Three e-money licenses in UK regulated by FCA Principal member: VISA and Mastercard FCA AL CONDUCT AUTHORITY VISA finma Romania: Two Gambling service provider licenses Switzerland: Financial intermediary, regulated by FINMA Paysafe: Global Platform Gambling related registrations Payments related registrations. Highly Strategic & Differentiated Expertise, Data & Analytics 15#16Paysafe Playbook: expansion & M&A engine Attractive Value Creation Drivers Advantaged Platform for Consolidation Global Capabilities Digital Wallet & eCommerce Paysafe:unity Platform Consolidation Note: Payment Processing Large & Diverse Pool of Opportunities for Growth eCash iGaming Cloud & Shared Microservices M&A Expertise Opportunity Target Sourcing & Identification Cultivation Integration Entrepreneur Global DNA "Plug & Play" Platform eCommerce and API as defined on slide 52. Single API Integration Seasoned Team Deal Execution Paysafe Culture High HR Engagement Large, Global & Fragmented Pool of Attractive Targets to Learn from, Evaluate & Consolidate Proprietary Technology & Infrastructure to Generate Accretive Cost & Revenue Synergies 20+ 15 300+ Years of Deals Deal Experience in Experience Integrated Management Team Unique Culture & Ability to Integrate and Empower Founders & Entrepreneurs Paysafe: Global Platform Benefits Greater Probability of Success Better Value Creation Better Negotiation & Execution Better Integration & Retention Proven & Repeatable M&A Playbook for Consolidation 16#17Paysafe 120+ MARKETS(1) (1) Stand on the right 2. Attractive Growth Opportunities Stand on the right Based on countries from which revenue was generated in FY2019A.#18Clear four point strategy for growth and transformation in partnership with Bill Foley Platform integration Accelerating existing organic growth strategies revenue Winning in US iGaming OO M&A strategy Paysafe: 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 Operations platform Bank as a service Risk platform > Leverage data driven insights to improve underwriting, onboarding and reduce false positive rates Gateway Convergence > Cross sell all solutions within Paysafe through a single API > Optimizing legacy processes, technology and back-office systems (1) (2) Optimize our relationships with global banks to achieve cost efficiencies > Connecting our leading gateway in digital wallets, our integrated and processing platforms, and US distribution $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. 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. Unlocking over $100m organic adj. EBITDA(¹) 19#20Proven leader in iGaming and well poised to be successful in the highly attractive US iGaming market Paysafe: One-stop source (1) (2) Multiple ways to pay US iGaming market $47bn(¹) $3.4bn 52% CAGR $24bn 2019E 2025E Base case Upside case Vertical knowledge Content / engagement B2C (payment methods) VISA fiserv. Sub-scale players PayPal globalpayments worldpay Ease of integration B2B (payment acceptance + processing) Broad acceptance Paysafe: nuvei Breadth of solution Differentiated wallet offering 60+ US iGaming customers DRAFT KINGS NHLottery PENNSYLVANIA LOTTERY MICHIGAN LOTTERY Paysafe: NC Education Lottery Plug into iGaming. Plug into Paysafe: North Dakota TTERY VIRGINIA LOTTERY. https://www.youtube.com/watch?v=z6dsFiLotU0& feature Our wide range of products and services positions us to continue winning new clients as we expand to other states 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 digital commerce products and APMs Note: Video gaming ...to continue winning in emerging high growth verticals Subscription Education Travel Property Management APM as defined on slide 52. Single integration Health & Wellness Sports Camp Registration Online Remittance Field Services Leading capabilities positions us well... Rental Financial Services Remittance Social Media Global footprint Petro Risk & regulatory management Gaming ROBLOX Henri Banking relationships & licenses FORTNITE Property management STADIA Rent Track PayLease Digital consumer relationships Paysafe: Social media twitch monese ►YouTube Zenplanner Spotify Wellness / Membership OMINDBODY. MARIANA TEK upper hand W wodify 21#22Significant acquisition opportunities across all segments 인하 D O Digital Wallet consolidation eCommerce integration eCash Complementary iGaming services ▪ Over 300 specialized wallets globally which lack scale and have limited capabilities Note: APM, API and eCommerce as defined on slide 52. Adding new markets and verticals ■ Cost saving opportunities ■ Opportunity to acquire the customer base and monetize them effectively ■ - Consolidation of back end processing volume ▪ 20+ geography based targets ▪ Add distribution / consolidate backend platform Single API - Driving proprietary APMs into a single gateway to improve take rate Paysafe: iGaming data services iGaming geocompliance services iGaming marketing services Ability to augment and enhance existing M&A track record with Foley's best-in-class execution and network 22#23Paysafe: 3. Strong Performance & Financial Results DOUBLE DIGIT GROWTH XIXIXIX XIXIXIXIXIXI#24Paysafe is a compelling investment opportunity Significant Scale $103 billion in 2021 E transactional volume $1.5 billion in organic revenue in 2021 E(1) High Margins Highly profitable model with significant operating leverage and attractive unit economics Organic Adj. EBITDA(¹) margins above 30% with a path to 35%+ Source: Factset (1) I Strong Growth 11% organic revenue (¹) growth CAGR 2020E-2023E Strong Cash Conversion Asset light business model that does not require significant capex or balance sheet requirements 80% adj. cash conversion margin(1) in 2021E See slide 49 for additional information regarding this non-GAAP measure. US-listed Public Equities Significant Scale Strong Growth High Profitability Strong Cash Conversion Global Payments ~4,300 1,483 VISA 314 75 40 FLEETCOR Paysafe: Paysafe: 24#25Consistent(1) double digit growth Volume ($ in billions) ● Note: (1) (2) (3) 12% growth $87 4 21 62 2018A $98 4 27 67 2019A '20E-'23E CAGR 15% $118 5 $89 4 21 64 2020E Double digit growth Growth across all segments $103 5 23 75 2021E 28 85 2022E Processing % take rate(3): 1.41%) 1.42% $135 6 33 96 2023E CAGR '20E-'23E 13% 16% Organic revenue(2) ($ in millions) 15% 13% growth $1,227 261 342 624 2018A Digital Wallets $1,390 ● 265 424 701 2019A 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. eCash 1.56% $1,380 294 399 687 1.48% '20E-'23E CAGR 11% 2020E $1,523 318 441 764 1.43% 2021E $1,686 343 512 831 2022E 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. 1.39% $1,881 374 597 Organic revenue(2) growth in line with historical trend • Take rates(3) approach historical levels 911 2023E Paysafe: CAGR '20E-'23E 8% 14% 10% 25#26Strong operating leverage: Growth at scale Operating leverage Adj Opex(¹)(2) as % of organic revenue (¹): ● (1) (2) (3) (4) (5) 30% 19.6% 13.2% 32% 5.3% (0.7%) 2019A 2020E 30% Organic revenue(1)(2) YoY growth 10.4% 4.6% 2021 E 29% 10.7% 5.9% 2022E 28% 11.6% 8.5% 2023E Organic Adj. EBITDA margin(¹)(2): Adj. Operating expenses (¹)(2) YoY growth Targeted investments in compliance, risk, and finance over the last couple of years in a committed effort to increase scalability and improve risk profile Organic Adj. EBITDA (¹) ($ in millions) 36% 34% 6% growth $442 $469 2018A 2019A Organic Adj. EBITDA(1)(2) 30% $420 '20E -'23E CAGR 17%(2) '20E-'23E CAGR 21% (³) 2020E 33% $561 $60 min. 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 - ¹23E Organic Adj. EBITDA giving pro forma effect to growth in U.S. iGaming market volume if and when it occurs. $501 2021E Pro forma upside Opportunity (4) 34% $655 $15 min. i $60 min. $580 2022E Paysafe: 36% $744 $15 min. I I $60 min. $669 2023E • Scalable business model and continued cost discipline drives expansion in Organic Adj. EBITDA(1) margin U.S. iGaming expansion (5) 26#27Sustainable: Highly diversified business Diversified by Segment Diversified by Geography (1) (1) (2) Note: (1) (2) 19% (3) (4) 30% 51% Processing Wallets eCash 14% 48% 38% ■ Europe North America ■ROW Diversified by Vertical (1) Based on organic revenue contribution for FY2019A. eCommerce, Integrated as defined on slide 52. Figures rounded to 100% for presentation purposes. Split by region of transaction initiation for Digital Wallets and eCash, and by merchant location for Payment Processing. iGaming encompasses Online Sports Betting, Online Poker and Online Casinos. See slide 49 for additional information regarding this non-GAAP measure. See slide 50 for reconciliation to the nearest GAAP measure. 30% 36% Paysafe: 75%+ Organic revenue(4) from eCommerce and Integrated 34% iGaming SMB Emerging Verticals 27#28Sustainable: Resilient Organic revenue (¹) ($ in millions) % take rate (³): 1.42% $1,390 2019A 1.56% (1) (2) (3) (4) $1,380 2020E ▪ 2020E organic revenues (1) are expected to only be down 1% despite a 9% volume YTD decline ▪ In YTD 2020, higher take rates (3) due to mix shift mitigated much of the volume decline Processing reverting to pre-COVID (4) levels with Digital Wallets showing recovery as sporting events come back; continued momentum in eCash through the pandemic Processing indexed organic revenue in 2020(2) 100 98 January February March 100 95 100 94 January February March 98 January February 104 See slide 49 for additional information regarding this non-GAAP measure. See slide 50 for reconciliation to the nearest GAAP measure. Indexed to January 2020 organic revenue. Take Rate as defined on slide 52. COVID refers to period beginning March 2020. 83 Digital Wallets indexed organic revenue in 2020(2) 99 April March 82 April 95 102 May April 82 May eCash indexed organic revenue in 2020(²) 99 112 June May 87 June 112 95 June July Business demonstrated resilience through COVID (4) 94 July 112 July 92 87 Paysafe: August September October 96 117 91 99 August September October 122 89 132 28 August September October#29Sustainable: Asset light ($ in millions) % Adj. cash conversion margin(¹): Organic Adj. EBITDA margin(¹): (1) $420 $316 2020E 75% 30% $501 $399 2021E Adj. cash conversion (¹) 80% 33% See slide 49 for additional information regarding this non-GAAP measure. $580 $464 2022E 80% 34% (1) Organic Adj. EBITDA $669 $537 2023E 80% 36% Paysafe: 500+ bps Organic Adj. EBITDA margin (¹) expansion, 2020E-2023E 80% Adj. cash conversion margin(¹) 29#30Organic Adj. EBITDA Bridge 2020E to 2021E ($ in millions) $420 2020E Organic Adj. EBITDA(1) (2) (3) 49 ~20% Organic Adj. EBITDA(¹) growth Processing 14 Organic gross profit (¹) - $102 eCash 40 Digital Wallet 13 (33) Adj. operating expenses(¹) - ($21) Credit Losses $501 60 Paysafe: See slide 49 for additional information regarding this non-GAAP measure. 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. Operating Leverage is defined as Organic Revenue growth less Adj. Operating Expenses growth. $561 Adj. Operating 2021E Organic Pro forma upside 2021E Organic Expenses excl. Adj. EBITDA (1) (2) opportunity Adj. EBITDA incl. Credit Losses pro forma upside opportunity 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 30#31Paysafe comparison versus its peers eCommerce capabilities Two-sided network Vertical focus Global Risk management Paysafe: PayPal Note: eCommerce, Integrated as defined on slide 52. nuvei · Integrated payments paya REPAY Realtime Electronic Payments Shift4 PAYMENTS Paysafe: Traditional Payments fiserv. globalpayments 31#32Paysafe's valuation framework 2 3 S Commerce shopify Enablers 42% / NM eComm Leaders Integrated Payments Traditional Payments S Shift4 PAYMENTS 21%/ 35x globalpayments 9% / 19x 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. adyen 38% / NM PayPal 19% / 35x REPAY Realtime Electronic Payments 18% / 27x FIS 8% / 18x nuvei 17% / 35x Square 17%/NM paya 15% / 25x fiserv. 7% / 16x 50x+ 30x+ 20-30x 15-20x EV / EBITDA multiple Paysafe: Key comparables 32#33HANA WWW. paysafe .com Thank you. 1000 Deloitte tiation Ⓒ FOFO FOR 1 OYNTONAL B Plug into Paysafe#34Paysafe Appendix#35■ I Blackstone and CVC value creation since take-private ▪ Invested over $250m in key platform upgrades across technology, risk and control, and product ■ Net revenue has increased from $864m (2017A) to $1.4bn (2019A) since take-private, representing a 27% CAGR 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 Enhanced geographic diversification of business Net revenue $864m 2017A 27% CAGR $1.4bn Note: eCommerce as defined on slide 52. 2019A I Paysafe: Rapid expansion in US iGaming market Acceleration of eCommerce payments volume (75%+ of business today) Investor interest in payments vertical Paysafe today is fundamentally a different business than at take-private 35#36We have developed highly differentiated capabilities Paysafe: Highly differentiated B2C B2B Network Distribution Leading Digital Solutions Global & Commerce Solutions Marketing Proprietary Solutions & Reach Global Presence Mindset Global Expertise Domain Client-Centric Culture Entrepreneurial qurial Deep Expertise Unique Experience & Expertise d-Class Compliance Risk Mgmt. & Paysafe: Cloud Technology Global Platform Lunified & Spl Proven and Repeatable M&A Playbook Smart Platform for Growth Scalable 36#37Source: Note: (1) (2) We are well positioned for faster growth... $58 trillion potential TAM with digitized cash and APMs 6% Traditional Payments Market Growth (3) (1) eCommerce & Integrated Commerce 75%+ of Paysafe's Organic Revenue(2) 8% SMBs market growth (4) 11% Integrated eCommerce market market growth (5) growth (6) 12% 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. 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. 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. (3) (4) (5) (6) (7) (8) iGaming Commerce 34% Paysafe: Leading Digital Solutions of Paysafe's Organic Revenue(2) 42% 12% International iGaming market growth (7) Focused on MOST Attractive Segments & Verticals US iGaming market growth (8) 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. 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. Paysafe management estimates based on EDC, H2 Capital and Eilers & Krejcik market sizing research, 2019-2025 CAGR. 37#38...driven by a team of experienced industry leaders Philip McHugh Chief Executive Officer Afshin Yazdian CEO, US Acquiring Roy Aston Chief Technology Officer 2 Elliott Wiseman General Counsel & Chief Compliance Officer Danny Chazonoff Chief Operating Officer Paulette Rowe CEO, Integrated & eCommerce Solutions Nick Walker Chief HR Officer Izzy Dawood Chief Financial Officer Lorenzo Pellegrino CEO, Skrill, NETELLER, Income Access Louise Clements Chief Marketing Officer Udo Müller CEO, paysafecard Chi Eun Lee EVP, Chief of Staff Paysafe: Global Expertise Richard Swales 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 Global (1) (2) (4) True Mindset & Pres Highly Global Expertise rentiat B2B Network Client-Centric Culture Entrepreneurial Domain Expertise Deep Global Distribution & Leading Digital Solutions baon & Marketing Commerce Solutions Advanced Digital & Local Id-Class & Compliance Risk Mgmt Cloud Tech Global Platform Consistent double digit organic topline growth and 500bps+ margin(1,2) expansion... Unified Proven and Repeatable M&A Playbook & Scalable 1 2 3 Highly differentiated two-sided network B2C & B2B capabilities Attractive Global Growth Opportunities Strong Performance & Financial Results ...driving 17% organic adj. EBITDA growth(1,3)... Paysafe: 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. 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#40Detailed path toward organic revenue generation and cost savings Key initiatives to be executed in 2021 Enterprise sales Operations platform Risk platform Bank as a service Gateway Convergence Total ■ Note: (1) ■ ■ Process transformation and automation 30% reduction in premises footprint Back office consolidation (risk, compliance, and operations) Failed deposits for Digital Wallets ■ ■ ■ ■ ■ I ■ ■ ■ ■ Cross-selling funnel Transformational deals ■ Fraud reduction Good / Bad rate improvement Credit loss improvement Digital Wallet funding enhancement Lower fees (acquiring, APM, FX) Closing of unused accounts 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 Organic Adj. EBITDA(1) All numbers represent maximum achievable revenue and cost targets. See slide 49 for additional information regarding this non-GAAP measure. In Budget '21 Revenue Costs $25 $5 $5 $5 $40m $40m+ $6 $10 $10 Beyond Budget '21 Revenue Costs $60 $15 $10 $15 $26m $100m Paysafe: $60m+ $14 $5 $10 $29m 40#41Leading specialized Digital Wallet Paysafe: Digital Wallets Note: (1) (2) (3) 2021E Organic Revenue (4) Skrill NETELLER INCOME access Market leadership and scale 120+ Markets (1) Digital wallets 29% $441m 2021E Organic Revenue (4) $23.5bn 2021E Volume > ■ ~70 APMs (2) Broad reach and deep expertise 3.8m Active users(5) APMs, Take Rate, eCommerce as defined on slide 52. Based on countries from which revenue was generated in FY2019A. Based on available APMs offered by Paysafe during FY2019A. Based on FY2019A organic revenue. See slide 50 for reconciliation to the nearest GAAP measure. Diversified network of digital wallet solutions solving complex commerce friction and enabling the use of global APMs ~$1bn Deposits (6) (4) (5) (6) Enables consumers to upload, store, withdraw, and pay funds from a virtual account Vertical focus: iGaming Trading Remittance Prepaid Attractive growth and mix ~100% eCommerce (3) Paysafe: 14% '20E-'23E Organic Revenue CAGR(4) 1.9% 2021E Take Rate See slide 49 for additional information regarding this non-GAAP measure. LTM as of July 2020. Active users based on active wallet accounts. Includes both independent and network accounts. Based on total digital wallets balances as at September 2020. 41#42Digital Wallet: Millennial and sophisticated digital consumers Skrill BIP FR Tot perd for 20 1.000 Sta Skrill 1-Tap LAANE HUI Specialized Wallets, Payments, and P2P transfers bet365 DRAFT KINGS I'm able to upload and withdraw funds with ase. My Skrill prepaid Mastercard means I can easily access my funds when I travel. GOLDEN NUGGET I enjoy sports betting and online poker at my favorite brands. I love to trade crypto and move money into multiple currencies. I use Rapid Transfer to quickly fund my account. Merchants betfair LAS VEGAS sportingbet coinbase POKER STARS NETEULER 1404 Electronics Shop MILZER NETELLER Depost to your account deposit on EAS BY NETELLER Money Transfor 1 Choose a way to pay NETELLER Account internation POL NETELLER Paysafe: Order Information WW To THE B a CAM w (251,00 42#43eCash: Bringing otherwise inaccessible consumers to high growth digital merchants Paysafe: eCash Note: (1) (2) (3) 2021 E Organic Revenue (4) ipaysafecard Paysafe:cash Market leadership and scale 50+ Markets (1) eCash 21% $318m 2021E Organic Revenue(4) $4.7bn 2021E Volume > ● 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 Broad reach and deep expertise 650k+ Distribution points(2) eCommerce, Take Rate as defined on slide 52. Based on countries in which paysafecard vouchers are available for purchase as at the end of H1 2020. Average distribution points YTD September 2020. Based on FY2019A organic revenue. See slide 50 for reconciliation to the nearest GAAP measure. 12m Active users (5) Redeemable at 2,800+ Online stores(6) (4) (5) (6) Social Media Video Gaming Utilities Financial Rent Services Payments Attractive growth and mix ~100% eCommerce (3) Paysafe: 8% '20E-'23E Organic Revenue CAGR(4) 6.8% 2021 E Take Rate See slide 49 for additional information regarding this non-GAAP measure. Paysafe estimate as of LTM September 2020. Based on average active monthly merchants YTD September 2020. 43#44eCash: Making Cash Available for Digital Commerce (1) paysafecard 44 paysafecard Enter 16-digit P CHECKLACE TOP UP CHEINT Sales outlets near you By T Uttrydinge 91 paysafecard Pay with paysafecard classic Pay with my paysafecard account Pay with scanpay show more Yes, I agree the Terms of paysafecard O FIND G Find your loc paysafecard pay cash. pay safe. 13 PRODUCT 2x Product paysafecard is st 01 ped the €25 T-347454 paysafecard Amount: Serial number: 0000000123456789 PIN: 1234 1234 1234 1234 twitch Migrating 80% of volume to account / app-based Serving Gen Z, Millennial and Underbanked consumers across 50+(1) markets www.paysafecard.com amazon Time Traces 50 EUR 10.00 09:03:04 Merchants FORTNITE STEAM™ 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. Google Play Spotify Based on countries in which paysafecard vouchers are available for purchase as at the end of H1 2020. DOLLAR GENERAL CVS pharmacy Paysafe:cash Paysafe:cash A ALDI < 19,00 EUR 250 000 088 4450 Cet the barcode Oby the Q Ⓒate Distribution partners bp 23.03.2018 12:46 PM eni With Paysafecash you car B de Paysafecash is as easy a 191 @ndment po SPAR 10.00-UM Paysafe:cash NETELLER Paysafe: 010 000 034 4767 300423019 17:00 44#45Processing: Full stack of integrated and eCommerce solutions Paysafe: Processing (1) (2) (3) (4) 2021E Organic Revenue(4) Market leadership and scale #4 Independent Merchant Acquirer in the US(1) $764m 2021E Organic Revenue(4) Processing 50% $74.8bn 2021E Volume Note: Integrated, ISV, Take Rate, SMB, POS and eCommerce as defined on slide 52. Nilson - Top Acquirers 2019 excluding bank or bank owned acquirers. As of September 2020. > 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 Based on FY2019A organic revenue. See slide 50 for reconciliation to the nearest GAAP measure. See slide 49 for additional information regarding this non-GAAP measure. • Global risk management expertise which allows entry into high value verticals • Vertical focus: eComm Broad reach and deep expertise 150+ ISV Integrations (2) 250k+ Merchants (5) Leading Clover Smart POS reseller (5) Integrated Attractive growth and mix 50%+ eCommerce & Integrated (3) 1.0% 2021E Take Rate Paysafe: SMB 10% '20E-'23E Organic Revenue CAGR(4) Based on open merchant accounts as of September 2020. 45#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. I need a partner that can provide in-store and online solutions. Note: API as defined on slide 52. I want a company that has the ability to help me optimize my cash flow. DRAFT KINGS Software Vendor at scale ΠΡower Representative merchants Paysafe: My agile dev team needs a single integration through REST APIs. I need access to all the relevant local payment methods that my customers want. LOTO QUÉBEC OMINDBODY. I need a partner who can help me grow into new markets. I want to partner with a company that understands the special needs for my industry. 46#47Operational Benchmarking eCommerce / Focus payments PayPal Organic Revenue(1) ('22E/'21E) Organic adj. EBITDA(¹) growth ('22E/'21E) Organic adj. EBITDA(1) margin ('21E) Paysafe: (1) (2) 13% 17% 33% (2) (2) I I I I I 1 1 1 I I 1 I I I I I I I I I Source: Company filings and FactSet as of 12/4/2020. Note: Numbers shown on a calendar year basis. 19% 20% nuvei Average: 18% 17% 29% 19% Average: 19% 40% Average: 34% Integrated Shift4 21% 32% REPAY Realtime Electronic Payments Average: 20% 18% 39% 19% Average: 26% 44% Average: 42% globalpayments 9% 12% Global processors Fis 47% 8% Average: 8% 12% Average: 11% 45% Average: 45% Paysafe: fiserv. 7% 9% 43% 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 eCommerce / Focus payments PayPal nuvei EV / 2021E Organic adj. EBITDA (¹) EV/2022E Organic adj. EBITDA(¹) (1) (2) Paysafe: (3) (4) (2,4) 16x (3,4) 14x 1 I I I J I I I I I I I I I T I I 35x Average: 35x 29x Average: 29x 35x 29x II Shift4 PAYMENTS 35x Integrated Average: 31x 26x Average: 25x REPAY Realtime Electronic Payments 27x 23x globalpayments 19x Global processors 17x FIS fiserv. 18x Average: 18x 16x Source: Company filings and FactSet as of 12/4/2020. Note: Numbers shown on a calendar year basis. For Paysafe, See slide 49 for additional information regarding this non-GAAP measure. 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. Average: 16x Paysafe: 16x 15x 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 Adjustments for acquired businesses (¹) Adjustments for disposed or discontinued businesses(¹) Individually immaterial items Adjusted EBITDA Depreciation and Amortization Organic Adjusted EBITDA Impairment Expense on Intangible Assets Restructuring and Other Costs (2) Gain on disposal of a subsidiary, net Operating Income Other (expense)/income, net Other interest expense, net Loss before taxes Income tax benefit/(expenses) Net Loss Unaudited Unaudited 2019A 2018A 468.6 (1.0) (1.3) 466.3 (279.8) (88.8) (50.7) 4.8 51.8 (13.9) (164.6) (126.7) 14.8 (111.9) 442.0 (42.1) 8.1 408.0 (234.3) (57.8) 115.9 6.0 (156.0) (34.1) (6.9) (41.0) ($ in millions) Organic Revenue Adjustments for acquired businesses (1) Adjustments for disposed or discontinued businesses (1) Revenue ($ in millions) Adjusted OPEX Organic Revenue Individually immaterial items Adjusted OPEX Adjustments for acquired businesses (1) Adjustments for disposed or discontinued businesses (1) Selling, General and Administrative Expenses Unaudited 2019A 1,389.7 28.4 1,418.1 Unaudited 2019A 417.4 24.4 1.3 443.1 Paysafe: Unaudited 2018A 1,227.4 (130.0) 43.3 1,140.7 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 (1) Adjustments for acquired businesses Adjustments for disposed or discontinued businesses(1) Gross Profit excluding Depreciation and Amortization Revenue Cost of Services excluding depreciation and amortization Gross Profit excluding Depreciation and Amortization Organic Gross Profit eCash $139.3 $341.4 $139.3 264.7 (125.4) 2019A (Unaudited) Digital Wallets Processing $139.3 $405.3 424.0 23.4 $341.4 $428.7 729.4 (82.6) (300.7) $341.4 $428.7 Total $886.0 23.4 $909.4 1,418.1 (508.7) $909.4 eCash $140.1 $285.1 $365.7 2018A (Unaudited) Digital Wallets Processing $140.1 $285.1 261.1 (121.0) 341.1 (75.8) 34.8 $324.7 538.5 (56.0) (213.8) $140.1 $285.1 $324.7 Paysafe: Total $790.9 (75.8) 34.8 $749.9 1,140.7 (390.8) $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 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 Paysafe: LTM Last twelve months POS Point of sale SMB Small and Medium-sized Businesses Take rate Defined as net revenue divided by volume 52