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D E S I G N I N G M E M O R I E S F O R A L I F E T I M E
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Disclaimer Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which statements involve substantial risks and uncertainties. These statements are based on current expectations, assumptions, estimates, and projections and may cause actual results to differ materially from those expressed or implied. Our forward-looking statements include, but are not limited to, statements regarding our business strategy, future operations, financial condition, results of operations, estimated revenue and EBITDA, industry trends, market opportunity, competitive position, and the proposed business combination with Buyerlink, including the expected timing, benefits, pro forma results, and anticipated new ticker symbol. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “strategy”, “should,” “will,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond our control, including those set forth in the “Risk Factors” section of our most recent Form 10-K, our Quarterly Reports on Form 10-Q, the preliminary proxy statement/prospectus relating to the proposed transaction filed with the SEC, and other documents filed with the SEC. Any forward-looking statements speak only as of the date hereof, and we undertake no obligation to update them except as required by law. No Offer or Solicitation This presentation is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, or a solicitation of any vote or approval with respect to the proposed transaction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. Stockholders are urged to read the proxy statement/prospectus carefully when it becomes available. Regulation FD This presentation does not contain material non-public information and is intended to comply with Regulation FD. Use of Data This presentation includes data, estimates, and forecasts from independent industry sources and our internal information. These figures involve assumptions and limitations, so please don't place undue weight on them. We have not independently verified the data's accuracy or completeness, and make no guarantees about the reasonableness of assumptions, projections, or modeling. Past performance is not indicative of future results, and we assume no obligation to update this presentation. Inspirato's financial data from 2012-2017 was audited under private company AICPA standards. Trademarks Inspirato owns various trademarks, service marks and trade names related to its business operations. This presentation may also contain third-party trademarks and copyrights, which belong to their respective owners. The use of third-party marks does not imply any relationship or endorsement by Inspirato. For convenience, some trademarks may appear without the TM, SM, ® or © symbols, but such references shall not indicate, in any way, that Inspirato will not assert all their rights to these trademarks and copyrights. Key Performance Metrics and Use of Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures such as Net Promoter Score, Average Daily Rate, Profitability, Annualized Cost Savings, Adjusted EBITDA, Adjusted EBITDA Margin and Margin Expansion. These are presented for supplemental informational purposes only, and not a substitute for measures of financial performance prepared in accordance with GAAP. These non-GAAP measures have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of other GAAP financial measures. Reconciliations of non-GAAP measures to their most directly comparable GAAP counterparts are included in this presentation. In addition, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore, Inspirato’s non-GAAP measures may not be directly comparable to similarly titled measures of other companies. Forward-looking non-GAAP measures are presented without reconciliations due to the difficulty in forecasting certain amounts necessary for these reconciliations. This presentation includes certain key performance metrics, such as Active Subscriptions, Average Daily Rates (ADRs) and Total Nights Delivered. Inspirato's management uses these key performance metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. Our key performance metrics may differ from estimates published by third parties or from similarly titled metrics of other companies due to differences in methodology.
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Inspirato Today Leader in Luxury Marketplace On the Transformative Path Combining with Buyerlink to create One Planet Platforms, expected to close in 1-2 months
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1. As of 6/30/2025. Subject to change 2. Includes all Controlled Accommodations as of 06/30/25 3. As of 12/31/2024. Subject to change 4. Inspirato defines ADR as the total paid travel revenue, divided by total paid nights, which includes Inspirato for Good (“IFG”) and Inspirato for Business (“IFB”), in both leased residences or hotel rooms and suites. ADR does not include Pass nights utilized. Occupancy is defined as all paid, Pass, IFG, IFB, employee and complimentary nights in all at-risk properties divided by the total number of at-risk nights available. Net-rate hotel partners are excluded from Hotel Occupancy as these are dependent on the hotel having capacity for Inspirato requests. Inspirato by Numbers VACATION HOMES1,2 325 HOTEL & RESORT PARTNERS1 230 DESTINATIONS1 170 MEMBERS1 11,000+ NET PROMOTOR SCORE3 70+ AVERAGE DAIL Y RATE4 $1,800+ 2025E REVENUE $235-$255M 2025E EBITDA $0-$5M
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Inspirato RevenueA Luxury Travel Marketplace 1. 2024 Revenue 2. Excludes Other Revenue, Reductions, and Rewards Revenue APPROXIMATE PERCENTAGE OF REVENUE BY SEGMENT1,2 SUBSCRIPTIONS RESIDENCES HOTELSEXPERIENCES BESPOKE
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OWNING A VACATION HOME AVERAGE INSPIRATO RESIDENCE VALUE $5M MEMBERSHIP FEE $6,000/year DOWN PAYMENT (20%) $1M NIGHTS TRAVELED 21 nights/year (≈3 weeks) LOAN AMOUNT $4M AVERAGE NIGHTLY RATE $1,800 30-YEAR MORTGAGE @ 6.5% ≈ $303K/year TRIP COST: 21 × $1,800 $37,800/year TAXES, MAINTENANCE, UTILITIES @ 2.5% $125K/year TOTAL ANNUAL INSPIRATO COST: $37,800 + $6,000 $43,800/year TOTAL ANNUAL COST ≈ $428K/year TOTAL ANNUAL COST ≈ $44K/year Why Buy One Vacation Home When You Can Access 325 Homes Across 170 Destinations? –illustrative example of owning a vacation home–
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The Inspirato Membership Suite PRICING1 ENROLLMENT FEE: $195,000 ANNUAL DUES: N/A Variable Nightly Rates, Taxes, & Fees <5% of Membership Base PRICING1 ENROLLMENT FEE: $15,000 ANNUAL DUES: ~$6,000 Variable Nightly Rates, Taxes, & Fees 80-85% of Membership Base Access to Inspirato’s full suite of luxury offerings Luxury travel club with fixed pricing Valuable member benefits and members only events and experiences Access to Inspirato’s full suite of luxury offerings Exceptional travel with date and destination certainty at variable rates Five-star service, at exclusive, member’s only rates Flexible travel at significant value through predefined trips Access to Club Discounted luxury hotels PRICING1 ENROLLMENT FEE: None ANNUAL DUES: ~$40,000 No Nightly Rates, Taxes, & Fees 10-15% of Membership Base 1: Current list price as of September 2025, subject to change
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The Inspirato Difference Certainty For Every Vacation World-Class Service Meticulously Curated Luxury Homes Experience what it's like to have all the details handled for you—no matter where or how you travel with us, you can be certain to have a consistent experience Inspirato members receive a high level of personalized attention from a dedicated team that gets to know you and your family's travel preferences Our homes are carefully curated and expertly managed for the most discerning of travelers, ensuring a consistently exceptional experience across the portfolio
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Personalization at Scale REVENUE / TRIP ~$55k YTD TRIPS DELIVERED 137 INSPIRATO ONL Y EXPERIENCES One-of-a-kind boutique experiences —from safaris to sporting events —with exclusive itineraries and behind-the-scenes access BESPOKE TRAVEL Turn almost any trip you imagine, anywhere in the world, into an Inspirato custom vacation REVENUE / PROGRAM ~$850k YTD EXPERIENCES 12 BESPOKE & EXPERIENCES SEGMENT GROWING, 2024–2025 1. Figures reported are YTD through 6/30/2025 1 1
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Driving Transformation Into the Core Business ❖ Streamline cost structures ❖ Reduce fixed commitments ❖ Instill discipline across the organization INTENSE FOCUS ON OPERATIONAL EFFICIENCIES Operational discipline driving margin expansion, scalable growth, and positive free cash flow Foundation for sustainable profitability and margin expansion
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Driving Transformation Into the Core Business ❖ Evolving from a luxury hospitality brand to a technology-first platform ❖ Redefining how luxury travel is discovered, booked, and optimized ❖ Staying competitive, scalable, and indispensable to modern travelers THE MODERN LUXURY MARKETPLACE Transforming Inspirato into a prop-tech, digital marketing–enabled platform
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On June 26, 2025, Inspirato and Buyerlink announced a definitive agreement to combine companies, forming One Planet Platforms through a reverse merger. Powering The Future
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Strategic Rationale Access to capital & improved financial flexibility1 Access to technology and marketing resources2 Market expansion and business model3 Long-term investments in member experience4 Significantly enhancing our vectors for growth5 Unlock shareholder value and scale benefits6
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Grow into adjacent and new verticals both organically and through acquisitions Opportunities within existing verticals HOME SERVICESAUTOMOTIVE LUXURY TRAVEL Building a Multi-Vertical Marketplaces Enterprise FUTURE VERTICALS FUTURE VERTICALS FUTURE VERTICALS
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Our financial discipline, operational excellence, and scalable technology platform enables us to acquire, optimize, and grow marketplaces Pursuing A Multi-Billion Dollar Opportunity STEP 1: CURRENT CORE The union of Inspirato and Buyerlink STEP 2: MAXIMIZATION OF THIS COMBINATION Scaling digital marketing capabilities Expand reach across global luxury travel markets STEP 3: NEW STRATEGIC ACQUISITIONS Acquisition of highly relevant businesses we can scale $Billion+ Platform Opportunity
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TRANSFORMED TRAJECTORY: What the Future Looks Like Together TRANSFORMED TRAJECTORY: New Ticker: OPPL Highly diversified revenue base Platform for sustained growth Significant profit margins Approximate Combined Pro Forma for 2025 ~$350M TOTAL REVENUE ~$30M ADJUSTED EBITDA
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INSPIRATO.