Boost Run Inc. · NASDAQ:BRUN

Boost Run — SPAC Merger (September 2025)

27 slides from Boost Run's SPAC merger presentation, September 2025

  1. Slide 1: Investor Presentation

    Investor Presentation September 2025

  2. Slide 2: Disclaimer

    Disclaimer This presentation (this “Presentation”) is being furnished for the exclusive use of, and solely for the purpose of assisting, the parties (such parties, together with their subsidiaries and affiliates, the “Recipients”) to whom it is addressed in making their independent evaluation with r

  3. Slide 3: Disclaimer (Cont'd)

    Disclaimer (Cont’d) No Offer or Solicitation This Presentation does not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Business Combination or (ii) an offer to sell, a solicitation of an offer to buy or a recommendation to purch

  4. Slide 4: Introduction to the Founder and CEO

    Introduction to the Founder and CEO Andrew Karos CEO Founder, builder and manager of compute-intensive trading operations requiring intelligent, secure, compliant, reliable architectures 2007 2020 2023 • Owner and CEO of Blue Fire Capital, • Head of Electronic Trading for global • Self-funded and la

  5. Slide 5: We are Boost Run

    We are Boost Run We provide high-performance compute (HPC) to companies that need dedicated capacity and solutions using the latest technology in certified and secure environments, at an affordable price What We Do How We Do It Who We Do It For We combine powerful GPU hardware We leverage the power

  6. Slide 6: Boost Run at a Glance

    Boost Run at a Glance Superior Technology Strong Financial KPIs Meaningful Capacity 100% Bare Metal Servers ~400% Run Rate Revenue Growth(1) Current 2026E 100% Automatic Server ~80% Adj. EBITDA Margin(2) 3.5K+ 19K+ GPUs Online Deployment and Provisioning ~70% CapEx Converts to Revenue 4MW 20MW+ Cont

  7. Slide 7: Market for AI Infrastructure Fueled by Demand for New Applications

    Market for AI Infrastructure Fueled by Demand for New Applications By 2030 $145B+ in AI Focused Capital Raises(3) (2024-2025) (Aug 2025) $32.2B (Jul 2025) $22.2B (May 2025) $18.8B $204B $1.8T (Jun 2025) $15.9B (Mar 2025) $14.4B AI Infrastructure Total AI Market Size(2) Revenue(1) (Oct 2025) $11.1B (

  8. Slide 8: Boost Run Addresses Emerging Industry Challenges

    Boost Run Addresses Emerging Industry Challenges The Macro Opportunity Massive AI & Data Multi-Cloud Significant Profitable Growth Market Boom Availability White Space High ROIC Emerging Challenges Boost Run Solutions Variety of high-performance GPUs Scalable, accessible GPUs through web UI and API

  9. Slide 9: Validated by Customers, Scaled Through Partners

    Validated by Customers, Scaled Through Partners Representative Customers & Partners Enterprise & Government Third Party Platforms Use Cases • Real-Time Inference • Code Generation • Defense Simulations • Distributed Training • Gaming AI • Medical Imaging • Real-Time Gen AI Analytics • Video Generati

  10. Slide 10: Clear Path to Scalable, Profitable Expansion

    Clear Path to Scalable, Profitable Expansion Further Penetrate Regulated Industries Expand Share in U.S. Government Contracts Productize Software & • Expand presence in financial Automation Layer services, health care, energy, etc Expand Data • Capitalize on the White House’s • Regulated industries

  11. Slide 11: Expanding Data Center Footprint

    Expanding Data Center Footprint • Estimated $400M capex to be deployed in FY26E to add 16MW of secure capacity • All locations selected for proximity to existing core nodes and low power cost • Adds capacity in East + Central U.S., increasing geographic resiliency • Capacity phased quarterly → de-ri

  12. Slide 12: Productizing our Software and Automation Layer

    Productizing our Software and Automation Layer External Model Layer Storage Layer Data Partners (Industries) Boost Run Seamless Automation Automation Compute Monitoring Data Capture Network Configuration Okta SSO Operations Security & Compliance Server Provisioning Cloud H200 L40S B200 • Seamless ac

  13. Slide 13: Expand Share with US Government and Contractors

    Expand Share with US Government and Contractors Federal Budget for AI R&D(1) $2.4B $2.9B $3.1B $3.0B $3.3B 2021 2022 2023 2024 2025 Compliant Carahsoft Approved Built for AI in Gov’t Focused Go-to-Market UEI + CAGE Access to 200+ Purpose-built AI-first approach Code from DoD Government contracts AI

  14. Slide 14: Further Penetrate Regulated Industries

    Further Penetrate Regulated Industries • Built for Regulated AI: Operator-certified, beyond just data center certification, enabling compliant AI solutions that our customers trust us to provide • Cleared for Enterprise: Audited to top standards, trusted to run sensitive AI workloads for large enter

  15. Slide 15: Capital Deployment Plan Fuels Rapid Growth and Returns

    Capital Deployment Plan Fuels Rapid Growth and Returns Capital Deployed, Revenue and Adj. EBITDA(1)(3)(4) ($M) Annualized Revenue Run Rate by Quarter(2)(4) ($M) Capital Deployed Revenue Adj. EBITDA $275 $120 $102 $56 $43 $207 $11 $8 $19 $16 $143 ($28) ($25) $81 $46 $31 $32 ($200) ($200) $14 1H’25A 2

  16. Slide 16: Financial Summary & Non-GAAP Financial Measures

    Financial Summary & Non-GAAP Financial Measures Snapshot of Growth and Profitability Trends ($ in millions) 1H 2024A(1) 2H 2024A(1) 2024A(2) 1H 2025A 2H 2025E 2025E 2026E Revenue $3.6 $4.3 $7.9 $12.1 $19.4 $31.5 $170 - $190 % Growth - - - 234% 352% 298% ~470% Net Income $0.3 ($0.1) $0.6 $3.1 $5.6 $8

  17. Slide 17: Clear, High-Return Uses of Capital

    Clear, High-Return Uses of Capital ~$100M in equity capital raised at The Company will continue Management will expand the closing is expected to enable its integrated software engineering, R&D, sales and Boost Run to deploy another development and automation finance teams in order to support estima

  18. Slide 18: Valuation, Growth & Profitability Benchmarking

    Valuation, Growth & Profitability Benchmarking Revenue Growth 298% 470% 409% 130% 163% 131% FY2025E FY2026E FY2025E FY2026E FY2025E FY2026E EV / Revenue 6.8X 3.4X 19.8X 27.1X 11.8X 15.8X FY2025E FY2026E FY2025E FY2026E FY2025E FY2026E Source: S&P Capital IQ as of August 8, 2025. Boost Run financial

  19. Slide 19: Valuation, Growth & Profitability Benchmarking (Cont'd)

    Valuation, Growth & Profitability Benchmarking (Cont’d) Adj. EBITDA Margin(1) 77% 80% 6% 65% 74% FY2025E FY2026E FY2026E FY2025E FY2026E (20%) FY2025E EV / Adj. EBITDA(1) 4.4X 9.3X 25.8X 0.0X 182.8X 24.3X FY2025E FY2026E FY2025E FY2026E FY2025E FY2026E Source: S&P Capital IQ as of August 8, 2025. Bo

  20. Slide 20: Appendix

    Appendix Supporting Materials

  21. Slide 21: Transaction Overview

    Transaction Overview Illustrative Pro-Forma Valuation at Close Illustrative Pro-Forma Ownership at Close(3) ($ in millions, except per share values) Total Shares Outstanding at Close (M) $61.4 WLAC Public Shareholders Share Price ($) $10.00 20.5% 20.5% Implied Post-Money Equity Value ($M) $614.3 Plu

  22. Slide 22: Veteran Builders of Infrastructure and Scalable Systems

    Veteran Builders of Infrastructure and Scalable Systems Seasoned Team Shares More than a Decade of Execution History with Karos Harry Georgakopoulos Daniel Gormley-Rahn Tynan Wilke Erik Guckel(1) COO CTO CIO CFO • Expertise in deploying AI • Leads design and scale of large- • Brings 20+ years in sof

  23. Slide 23: Testimonials

    Testimonials “ “It’s truly been a fantastic experience working with Boost Run, a team that fully understands how to deliver performance at scale. Their established self-provisioning process enables rapid deployment of the latest GPUs on bare metal Lenovo hardware, which has been instrumental in acce

  24. Slide 24: WLAC

    WLAC WILLOW LANE ACQUISITION CORP. 24

  25. Slide 25: Willow Lane Acquisition Corp.

    WLAC Willow Lane Acquisition Corp. WILLOW LANE ACQUISITION CORP. Team has collaborated for over a decade, acquiring and transforming multiple companies Luke Weil George Peng Maya Hernandez Bob Stevens CEO & Chairman CFO Treasurer & Director of Director Business Development • CEO of Andina I • CFO, H

  26. Slide 26: Proven Sponsor with SPAC Expertise

    WLAC Proven Sponsor with SPAC Expertise WILLOW LANE ACQUISITION CORP. Hands-on operating model scales businesses with disciplined execution Disciplined Approach Hands-On Operators Proven Track Record Evaluating targets with Purpose-built team with Members of the team have detailed analysis strategic

  27. Slide 27: Risk Factors

    Risk Factors • Boost Run is a relatively new business without a long history of operations, and with no history of operating as a public company. Boost Run’s limited operating history and the rapidly evolving industry in which it operates make it difficult to evaluate Boost Run’s business, the risks

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