Mondee SPAC

Net Revenue to Adjusted EBITDA No material increase in market share assumed Net revenue growth driven by increased tickets and revenue per ticket expansion COVID-19 era productivity improvements, main variable cost being marketing Dollars, Millions * 15% '19-23 ticket growth, well below historic average 2019-23 Change (%) 1. 177.8 Source: Company financials Notes: 2. 2019 Net revenue 27.6 Ticket growth 16 Driven by dynamic pricing and ancillary attach rate 19.1 23 19.4 Front-end Fintech markup + solutions ancillaries NA² 18.8 2.5 Improved Subscription supplier terms revenue 21 50 265.2 2023 Net revenue 49 110.2 Sales and marketing 35 See "Disclaimer - Use of Projections" for all forward-looking projections contained on this page Adjusted EBITDA is a non-GAAP financial measure, calculated as EBITDA as reported minus one-time non-recurring expenses as well as COVID-19 revenue adjustments and reversals. See "Disclaimer - Non-GAAP Financial Measures" 2 In 2019 there were no material Fintech revenues Bulk of expense is marketing cost to drive ticket growth 54.7 Other expense 9 100.3 2023 EBITDA Markup GDS/NDC Ancillaries Fin-Tech MONDEE One-time COVID-19, growth, and public company expenses 20.3 One-time adjustments Override Subscription 80.0 2023 Adjusted EBITDA¹ © 2021 All Rights Reserved | Confidential | 21

View entire presentation