Financial Highlights FY 2022 Revenue of $54.9 million exceeded expectations – Raising FY 2023 guidance for Revenue and Adjusted EBITDA Wag! Adj. EBITDA Revenue Waq! ● A continued trend in return-to-office, as measured by the Kastle back-to-work barometer. * "Original Forecast" provided in April 2022 Investor Deck on the Company's Investor Relations website **Reflecting values at the midpoint of the range Wellness ● 10% Off All Services ● Exclusive Benefits Center 5 7 Platform Participant is defined as a Pet ...

Wag! Group Co. (NASDAQ:PET) Q4 2022 Results Conference Call February 21, 2023 4:30 PM ET Company Participants Dawn Frankfort - Managing Director at ICR Garrett Smallwood - Chief Executive Officer and Chairman Adam Storm - President and Chief Product Officer Alec Davidian - Chief Financial Officer Conference Call Participants Tom White - D.A Davidson & Company Matt Koranda - ROTH MKM Jeremy Hamlin - Craig Hallum Jason Helfstein - Oppenheimer Brian Dobson - Chardan Capital Markets Operator Good day and thank ...

Wag! Group Co. (NASDAQ:PET) Q3 2022 Earnings Conference Call November 10, 2022 4:30 PM ET Company Participants Garrett Smallwood - Chief Executive Officer and Chairman Adam Storm - President and Chief Product Officer Alec Davidian - Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Matt Koranda - ROTH Rohit Kulkarni - MKM Partners Brian Dobson - Chardan Jason Helfstein - Oppenheimer Operator Ladies and gentlemen, thank you for standing by and welcome to the Wag Third Quarter ...

[Part I - Financial Information](index=6&type=section&id=Part%20I%20-%20Financial%20Information) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements for September 30, 2022, reflect the company's financial position, operations, and cash flows, following a reverse recapitalization business combination in August 2022 Condensed Consolidated Balance Sheet Highlights (Unaudited) | Metric | Sep 30, 2022 (in thousands) | Dec 31, 2021 (in thousands) | | :--- | :--- | :--- | | **Total Assets** | **$66,985** | **$16,462** | | Cash and cash equivalents | $28,024 | $2,845 | | Restricted cash | $24,719 | $0 | | **Total Liabilities** | **$59,748** | **$12,310** | | Forward share purchase agreements derivative liability | $19,668 | $0 | | Notes Payable – non-current portion | $24,494 | $1,200 | | **Total Stockholders' Equity (Deficit)** | **$7,237** | **($106,113)** | Condensed Consolidated Statements of Operations Highlights (Unaudited) | Metric (in thousands, except per share data) | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2021 | | :--- | :--- | :--- | | Revenues | $37,829 | $12,036 | | Total costs and expenses | $67,695 | $19,893 | | Net loss | ($44,371) | ($3,587) | | Net loss per share (Basic & Diluted) | ($3.60) | ($0.64) | Condensed Consolidated Statement of Cash Flows Highlights (Unaudited) | Metric (in thousands) | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2021 | | :--- | :--- | :--- | | Net cash used in operating activities | ($3,578) | ($10,350) | | Net cash provided by investing activities | $1,952 | $4,956 | | Net cash provided by financing activities | $51,524 | $2 | | Net change in cash, cash equivalents, and restricted cash | $49,898 | ($5,392) | - On August 9, 2022, the company completed its business combination with CHW Acquisition Corporation, a SPAC, accounted for as a reverse recapitalization, with Legacy Wag! being the accounting acquirer[25](index=25&type=chunk)[82](index=82&type=chunk)[84](index=84&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses significant revenue growth driven by Wellness and pet services recovery, alongside substantial increases in operating expenses due to business combination costs, with liquidity strengthened by merger proceeds and new financing - The company's mission is to be the 1 partner to busy pet parents, offering a mobile-first marketplace for services like dog walking, pet sitting, expert advice, and wellness plans through a community of 400,000 caregivers across 5,300 cities[165](index=165&type=chunk)[167](index=167&type=chunk)[169](index=169&type=chunk) Key Performance Indicators and Non-GAAP Measures | Metric (in thousands, except percentages) | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2021 | | :--- | :--- | :--- | | Revenues | $37,829 | $12,036 | | Net loss | ($44,371) | ($3,587) | | Adjusted EBITDA | ($3,448) | ($7,443) | | Bookings | $64,804 | $30,764 | | Take Rate | 58% | 39% | - The business combination in August 2022 resulted in a significant increase in cash, including **$29.3 million** (of which **$24.7 million** is in escrow for Forward Purchase Agreements), **$5.0 million** from a PIPE investment, and **$29.4 million** from a new financing arrangement[190](index=190&type=chunk) - The company's liquidity was significantly improved post-merger, and management believes existing cash and investments are sufficient to fund operations for at least the next 12 months[230](index=230&type=chunk) [Results of Operations](index=42&type=section&id=Results%20of%20Operations) Revenues surged 214% to $37.8 million, primarily from Wellness, while total costs and expenses grew 240% to $67.7 million, driven by one-time business combination expenses, widening the net loss to $44.4 million Revenue Breakdown (Nine Months Ended Sep 30) | Revenue Type (in thousands) | 2022 | 2021 | % Change | | :--- | :--- | :--- | :--- | | Service revenue | $15,973 | $10,512 | +52% | | Wellness revenue | $21,856 | $1,524 | +1334% | | **Total revenues** | **$37,829** | **$12,036** | **+214%** | - General and Administrative expenses for Q3 2022 increased by **$21.8 million** (1090%) YoY, primarily due to one-time, non-cash expenses related to the business combination: **$19.0 million** for Earnout Shares and **$1.8 million** for Community Shares[224](index=224&type=chunk) - Sales and Marketing expenses for the nine months ended Sep 30, 2022, increased by **$19.7 million** (394%) YoY, driven by a **$10.6 million** increase in partnership investments, a **$2.9 million** increase in advertising, and a **$2.1 million** stock compensation charge for Earnout Shares[223](index=223&type=chunk) [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) Historically incurring losses, the company's liquidity significantly improved post-business combination, with $51.5 million in net cash from financing activities, including merger proceeds and a new credit facility, deemed sufficient for the next 12 months - Net cash provided by financing activities was **$51.5 million** for the nine months ended Sep 30, 2022, a significant increase from just **$2 thousand** in the same period of 2021, primarily due to the business combination and related financing[236](index=236&type=chunk)[240](index=240&type=chunk) - In August 2022, the company entered into a **$32.17 million** senior secured term loan credit facility with Blue Torch Finance, LLC, which matures in three years and bears a floating interest rate[243](index=243&type=chunk)[128](index=128&type=chunk) - The company placed **$24.7 million** in escrow to secure obligations under Forward Purchase Agreements (FPAs), which allow certain investors to sell shares back to the company, and this escrowed amount is recorded as restricted cash[231](index=231&type=chunk)[90](index=90&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=50&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to market risks primarily from its variable-rate Blue Torch Credit Facility and equity price sensitivity on financial obligations like Forward Purchase Agreements and Earnout Shares - The company's primary market risks stem from its variable interest rate debt (Blue Torch Credit Facility) and equity price sensitivity on obligations like the Forward Purchase Agreement and Earnout Shares[262](index=262&type=chunk) [Controls and Procedures](index=50&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2022, with no material changes to internal control over financial reporting during the quarter - As of September 30, 2022, the CEO and CFO concluded that the company's disclosure controls and procedures were effective[263](index=263&type=chunk) - No material changes were made to the company's internal control over financial reporting during the third quarter of 2022[264](index=264&type=chunk) [Part II - Other Information](index=51&type=section&id=Part%20II%20-%20Other%20Information) [Legal Proceedings](index=51&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, which management believes will not materially adversely affect its financial condition, results of operations, or cash flows - Management does not expect current legal proceedings to have a material adverse effect on the company's financial results[265](index=265&type=chunk) [Risk Factors](index=51&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks including a history of net losses, intense competition, potential reclassification of Pet Caregivers, cybersecurity threats, and challenges as a newly public company post-SPAC merger - A primary risk is the potential reclassification of Pet Caregivers from independent contractors to employees, which would significantly increase costs and adversely affect the business model[268](index=268&type=chunk)[325](index=325&type=chunk) - The company has a history of net losses, incurring **$44 million** in the first nine months of 2022, and its ability to achieve profitability is uncertain[274](index=274&type=chunk) - The business is highly competitive, facing challenges from personal networks (friends/family), local operators, other digital marketplaces like Rover, and online directories[291](index=291&type=chunk)[292](index=292&type=chunk) - The company's debt facility with Blue Torch is secured by substantially all of its assets, and a default could lead to foreclosure, which would materially harm the business[363](index=363&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=99&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section is not applicable for the reporting period - The report indicates this item is not applicable[498](index=498&type=chunk) [Defaults Upon Senior Securities](index=99&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon senior securities during the period - The company reported no defaults upon senior securities[498](index=498&type=chunk) [Mine Safety Disclosures](index=99&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This section is not applicable to the company's operations - The report indicates this item is not applicable[498](index=498&type=chunk) [Other Information](index=99&type=section&id=Item%205.%20Other%20Information) The company reports no other information for this period - The company reported no other information[498](index=498&type=chunk) [Exhibits](index=100&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the Quarterly Report on Form 10-Q, including corporate documents, officer certifications, and XBRL data files

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-40764 Table of Contents Wag! Group Co. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-40764 CHW ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands N/A (State o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40764 CHW ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | Cayman Islands | N/A | | - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40764 CHW ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...