K&f Growth Acquisition Corp. Ii · NASDAQ:KFII
K&f Growth Acquisition Corp. Ii — SPAC Merger (October 2026)
25 slides from K&f Growth Acquisition Corp. Ii's SPAC merger presentation, Oct 22, 2026
Slide 1: Pearl
Slide 2: Disclaimer
Disclaimer About this Presentation ‘Tis presentation (together with ay orl statements made in connection herewith. this Presentation’) is providedsolely fr information purposes only and has been prepared fo the purpose of assisting intrested partis in ‘making their own independent evaluation with re
Slide 3: Disclaimer Continued
Disclaimer Continued Lunderying assumptions are forward ooking Forwardtookng ore and other bout future eves or that re based on coment. ad assumptions and a resut re subject ok and uncertainties. Many actors could case actus resus or future events to ifr materially rom the forward-looking statements
Slide 4: An Exceptional Partnership of Complementary Skills
An Exceptional Partnership of Complementary Skills. Pearl Elina Vilk, President/CBO Lead Pearl's Strategic Vision, Brand Execution and Innovation * Subject to negotiation of definitive documents * As of 1052026 assuming no redemptions CION mmm INVESTMENTS _ Gregg Bresner, President/ClO < Geoff Manna
Slide 5: The AI-powered event planning, eCommerce and vendor marketplace
The Al-powered event planning, eCommerce and « ’ vendor marketplace to be spun-off from David's Cal Bridal, a 75-year trusted leader in the wedding industry. Pearl Today: 1. Premier ecosystem connecting brides to vendors. 2. The ecosystem 90% of U.S. brides engage with, meaning they seek us out, whi
Slide 6: Pearl: Highest Growth, Lowest Multiple
Pearl: Highest Growth, Lowest Multiple ~75% 2028E revenue growth, still accelerating ~31% 2026E EBITDA margin, with upside at scale +56% Media/Commerce Contracts YoY as of Sept 28, 2026 $85–95MM 2027E revenue, ~2x the $42MM in 2026E 2027E benchmarking vs. peer groups EV / EBITDA EBITDA Growth Group
Slide 7: Pearl Collects Robust 1st Party Data in the Wedding Industry
Pearl Collects Robust Ist Party Data in the Wedding Industry. Examples of Ist Party Data Collected From Users 01- 9 aa The Couple Bride Name Groom Name Age Age of Bride Age of Groom Gender Sexual Orientation Music Preferences Makeup Preferences Home Decor Preferences Cultural Affiliations Mother of
Slide 8: Pearl Monetization Streams Start with the Bride
Pearl Monetization Streams Start with the Bride — Over an 18- Month Journey, She Makes 300+ % oO > ’ A ea 3 Bridal Shower 1 Different and Distinct Decisions. Wedding Insurance Hotel Blocks & . Transportation Engaged Plans Attire Vendors ° A Ps Ring & venue media ‘Sponsored content - Gown and 2.0x Li
Slide 9: As the Bride Progresses Through Her 18-Month Journey, Data Is Collected and Reused
As the Bride Progresses Through Her 18-Month Journey, Her Ist Party Data Is Collected, Reused, and Repurposed as We Aim to ° ° Content Affinity Fulfill a Hyper-Personalized ° * Experience™*. Guest Count 1s Party Data ————> | Budget Size & Fit Our Ist-party data is meaningful since we believe 3rd-par
Slide 10: Pearl's Media Network, Commerce and AI Engine Monetize Her Data
While the Bride Is Experiencing a Hyper-Personalized and Customized Experience Based on Her Ist Party Data, Pearl's Media Network, Commerce and Al Engine Are Monetizing Her Data via Listing Fees, Advertising, Shopping and Licensing. Monetization Layers ———> (GSES 300+ Decision Points? TPOATAENGINE A
Slide 11: Pearl's Potential Revenue Streams: Bridal Journey
Pearl's Potential Revenue Streams: Bridal Journey Four complementary engines: media, listings and licensing. Media Network ~$IMM New ARR per Ramped Sales Rep How It Works Enterprise brands pay a premium to reach engaged couples with Pearl's Ist party data. Why It Scales Compounding, high-retention m
Slide 12: The Strength of Pearl's Strategic Ecosystem
The Strength of Pearl's Strategic Ecosystem Lies Within the Intelligence and Functional Layer Which Cuts Across All Facets of the Bride’s Needs. We believe that Pearl transforms the fragmented wedding journey into one connected, Al-powered ecosystem for couples, vendors and brands. The Wedding Ecosy
Slide 13: Most AI Platforms Hand Her Homework. Pearl Plans Her Wedding
Most AI Platforms Hand Her Homework. Pearl Plans Her Wedding...Within Minutes Of Signing Up. She doesn't have to build any of this. In an AI Chatbot, She Would Have To... In Pearl, It's Already Done Know what to ask for, write the prompt and rebuild the list every time it forgets. 300+ tasks in the
Slide 14: The Engine Is Built. Now We're Accelerating.
The Engine Is Built. Now We're Accelerating. Pearl Functionality Advanced Al Marketing Practices Introduced Retail Media Network. Q2 2025 Agentic Al Introduction Built Sales Team AIPDP + Image Generation LoveStoriesTV Acquisition Ecommerce Marketplace Launch Liverpool Store-in-Store Q3 2025 Amazon M
Slide 15: Pearl Positioned to Capture the Bride's Next Life-Stage Markets
Pearl is Uniquely Positioned to Capture the Bride’s Next Life-Stage Markets: Baby and Home Wedding Dress Focus $4 Billion US Market® First 76 Years 4 Household Formation & Home Full Wedding Market Baby Shower and Baby — Products Market Improvement Market nearing $100 Billion $60 Billion $405 Billion
Slide 16: One Bride. Three Journeys. Compounding Lifetime Value
One Bride. Three Journeys. Compounding Lifetime Value (LTV). The bride creates the identity, powered by 200+ Ist party data elements. Home and baby keep monetizing the same Ist party file. Wedding Journey Home Journey* Baby Journey* “Planned expansions ofthe Pearl offering Engaged Ring & venue media
Slide 17: Projected Financial Outlook
Projected Financial Outlook 2026E-2028E Financials do not include Baby and Home. 2027E Revenues Baby Market* 2026 Signed Contracts & Increased Wedding Market @ ecomm Runrate ~75% Growth YoY Penetration* @ 2026 49 Pipeline Signings Contracts increased 56% YoY as of Sept 28th, 2026 2027 New Contracts
Slide 18: Transaction Overview
Slide 19: Pearl to go Public through Partnership with K&F Growth Acquisition Corp. II
Pearl to go Public through Partnership with K&F Growth Acquisition Corp. II Nasdaq: KFIl , > a « Co-Chairmen and Co-CEOs K&F GROWTH ACQUISITION CORF Substantial equity and debt capital markets expertise. vy Partners each have >25 years’ experience executing IPOs and private-to-public listings ; A ‘
Slide 20: Investment Highlights
Investment Highlights We will strive to transform into a platform-scale category leader with multiple levers for profitable growth Wedding Market Opportunity $100Bn Monetizable Wedding Ecosystem + Baby & Home Markets Extension path into adjacent baby and home markets ($465Bn market), with existing c
Slide 21: Highly Attractive Financial Profile and Valuation
Highly Attractive Financial Profile and Valuation High Growth/ Comparable Marketplace & Lead Gen Consumer Internet. Digital Lifestyle Financial Profile? LYS Qeie —BZillow Ocrevana @reddit REVOLVE, (QD! |sinai™ “Pearl rn Pear’ rightmove) ebay “D DOORDASH @Pintorest Enterprise Value / 2027E 19.7x EBIT
Slide 22: Transaction Summary
Transaction Summary Pre-money equity value of Pearl of $250 million. Redemptions Valuation Transaction implies ~$350 million pro forma enterprise value. Zero 50% 100% Sources A ssumes a $75 million PIPE, committed at signing of the BCA (which may be upsized). PIPE Financing ** Rollover Equity 15
Slide 23: Risk Factors
Risk Factors Risks Related to Pearl's Business Pearl has no history of operating as a standalone public company, and the anticipated benefits of the spin-off from David's Bridal may not be fully realized, or may take longer to realize than expected, which could adversely affect Pearl's business, fin
Slide 24: Risk Factors Continued
Risk Factors Continued. Risks Related to Pearl's Platform and Technology Pearl's business is heavily reliant on the quality of its information technology platform. If that platform does not perform as expected, or if Pearl fails to continue to develop the technology on which that platform is based,
Slide 25: Risk Factors Continued
Risk Factors Continued. Shareholders who acquired public shares in the IPO will have their ownership interests diluted to the extent of the difference between the initial public offering price of $10.00 per public share sold in the IPO and the net tangible book value per share at the time of the Bus
K&F Growth Acquisition Corp. II — SPAC Merger (October 2026) on 6ix