#1Varsity Tutors da ERRR 17 Vanity Tor 20:**** PLANT CELL O Integral of the rate of change Modeling rates of change Optimization, both global and local extrema O Understanding the limiting process • Proportional Relationships sing algebra Varsity Tutors ● LIVE 000 nerdy Nerdy Investor Presentation January 2021 TPG PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#2Disclaimer General This presentation is for informational purposes only to assist interested parties in making their own evaluation with respect to the proposed business combination between TPG Pace Tech Opportunities Corp. ("TPG Pace") and Live Learning Technologies LLC, d/b/a Nerdy, a limited liability company ("Nerdy"). The information contained herein does not purport to be all-inclusive and none of TPG Pace, Nerdy, Barclays Capital Inc., Deutsche Bank Securities or J.P. Morgan Securities LLC, nor any of their respective affiliates nor any of its or their control persons, officers, directors, employees or representatives makes any representation or warranty, express or implied, as to the accuracy, completeness or reliability of the information contained in this presentation. Use of Projections This presentation contains financial forecasts prepared by TPG Pace with respect to certain financial metrics of Nerdy, including, but not limited to, revenues, gross profit, enterprise values, operating expenses, Adjusted EBITDA and free cash flow, which are being provided for illustrative purposes only. Neither TPG Pace's nor Nerdy's independent auditors has audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, neither of them expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this presentation. Furthermore, TPG Pace's due diligence review of Nerdy business and financial statements remains ongoing. As a result, because the financial forecasts and projections in this presentation were prepared by TPG Pace and not by the management of Nerdy, these financial forecasts and projections should not be relied upon as being necessarily indicative of future results and may be impacted by findings made in TPG Pace's due diligence process. Neither TPG Pace nor Nerdy undertakes any commitment to update or revise the projections, whether as a result of new information, future events, or otherwise. In this presentation, certain of the above-mentioned projected information has been repeated (in each case, with an indication that the information is an estimate and is subject to the qualifications presented herein), for purposes of providing comparisons with historical data. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic, and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective forecasts are indicative of the future performance of TPG Pace, Nerdy or the combined company after completion of any proposed business combination or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this presentation should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. 2 Historical Financial Information The historical financial information of Nerdy for 2018 and 2019 in this presentation has either been audited or reviewed by Nerdy's independent registered public accountant in accordance with U.S. GAAP pursuant to private company auditing standards and, in each case, does not conform to Regulation S-X or Public Company Accounting Oversight Board ("PCAOB") standards. Accordingly, such information may not be included in, may be adjusted in or may be presented differently in the proxy statement/prospectus to be filed with the Securities and Exchange Commission (the "SEC"). As the historical financial information of Nerdy included in this presentation is preliminary and unaudited, it is subject to potential revision when prepared and audited in accordance with PCAOB standards. There is no assurance that such revisions will not be material. Forward-Looking Statements This presentation includes "forward-looking statements." Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," "may," "will," "should," "would," "continue," "future," "seem," "potential," "predict" and "project" and ther similar expressions that predict or dicate future events or trends or that are not statements of historical matters. Such forward-looking statements include projected financial information. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of the businesses of TPG Pace, Nerdy, or the combined company after completion of any proposed business combination are based on various assumptions, whether or not identified in this presentation and on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to: (1) the inability to complete the transactions contemplated by the proposed business combination; (2) the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, and the ability of the combined business to grow and manage growth profitably; (3) the impact of the COVID-19 pandemic; (4) any inability of Nerdy to adequately protect its intellectual property; (5) any security breaches, loss of data or other disruptions; (6) any loss of key employees, including Nerdy's founder and Chief Executive Officer; (7) effects on TPG Pace's public securities' liquidity and trading; (8) the market's reaction to the proposed business combination; (9) the lack of a market for TPG Pace's securities; (10) TPG Pace's and Nerdy's financial performance following the proposed business combination; (11) costs related to the proposed business combination; (12) changes in applicable laws or regulations; (13) the possibility that TPG Pace or Nerdy may be adversely affected by other economic, business, and/or competitive factors; and (14) other risks and uncertainties indicated from time to time in documents filed or to be filed with the SEC by TPG Pace. TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#3Disclaimer (continued) Forward-Looking Statements (continued) Accordingly, forward-looking statements, including any projections or analysis, should not be viewed as factual and should not be relied upon as an accurate prediction of future results. The forward-looking statements contained in this presentation are based on our current expectations and beliefs concerning future developments and their potential effects on TPG Pace and Nerdy. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Prospectus dated October 6, 2020 filed by TPG Pace with the SEC, as well as TPG Pace's other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements. Use of Non-GAAP Financial Measures This presentation includes non-GAAP financial measures, including net sales, adjusted EBITDA (loss), and free cash flow ("FCF"). Net sales represents client purchases inclusive of payments due within 30 days minus refunds recorded during the period, a close proxy for cash receipts from customers. Adjusted EBITDA (loss) is defined as net income or net loss, as applicable, before net interest income (expense), taxes, depreciation and amortization expense, non-cash compensation expense and other non-recurring items. FCF is the sum of operating cash flow and capital expenditures. Management believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Nerdy's financial condition and results of operations. TPG Pace believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. Other companies may calculate non-GAAP measures differently, and therefore the non-GAAP measures of Nerdy included in this presentation may not be directly comparable to similarly titled measures of other companies. Please refer to footnotes where presented on each page of this Presentation or to the appendix for a description of these measures. This presentation also includes certain historical and forecasted non-GAAP financial measures. The Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of certain historical and forward looking non-GAAP financial measures is included. 3 Industry and Market Data; Trademarks and Trade Names Information and opinions in this presentation rely on and refer to information and statistics regarding the sectors in which Nerdy competes and other industry data. TPG Pace obtained this information and statistics from third-party sources, including reports by market research firms. TPG Pace and Nerdy have not independently verified the information and make no representation or warranty, express or implied, as to its accuracy or completeness. TPG Pace and Nerdy have supplemented this information where necessary with information from Nerdy's own internal estimates, taking into account publicly available information about other industry participants and Nerdy's management's best view as to information that is not publicly available. This presentation contains preliminary information only, is subject to change at any time, and is not, and should not be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding your engagement with TPG Pace or Nerdy. TPG Pace and Nerdy also own or have rights to various trademarks, service marks and trade names that they use in connection with the operation of their respective businesses. This presentation also contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this presentation is not intended to, and does not imply, a relationship with TPG Pace or Nerdy, or an endorsement or sponsorship by or of TPG Pace or Nerdy. Solely for convenience, the trademarks, service marks and trade names referred to in this presentation may appear without the ®, TM or SM symbols, but such references are not intended to indicate, in any way, that TPG Pace or Nerdy will not assert, to the fullest extent under applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names. No Offer or Solicitation This presentation is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except in a transaction exempt from registration under the Securities Act or by means of a prospectus meeting the requirements of Section 10 of the Securities Act, and applicable regulations in the Cayman Islands. Important Information For Investors and Shareholders In connection with the proposed business combination, TPG Pace will file a registration statement on Form S-4 and the related proxy statement/prospectus with the SEC. Additionally, TPG Pace will file other relevant materials with the SEC in connection with the proposed business combination. The materials to be filed TPG Pace with the SEC may be obtained free of charge at the SEC's website at www.sec.gov. Investors and security holders of TPG Pace are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#4Disclaimer (continued) Participants in the Solicitation TPG Pace, Nerdy and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies of TPG Pace's shareholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of certain of TPG Pace's executive officers and directors in the solicitation by reading TPG Pace's initial public offering prospectus, which was filed with the SEC on October 8, 2020, and the proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Other information concerning the interests of participants in the solicitation, which may, in some cases, be different than those of their shareholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available. Confidentiality All recipients agree that they will keep confidential all information contained herein and not already in the public domain and will this esentation solely for evaluation purposes. Recipient will maintain all such information in strict confidence, including in strict accordance with any underlying contractual obligations and all applicable laws, including United States federal and state securities laws. This presentation is not intended to constitute and should not be construed as investment advice and does not constitute investment, tax, or legal advice. 4 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#5Transaction Summary TPG ● PACE TECH OPPORTUNITIES NYSE: PACE ● ● Sponsored public listing TPG Pace Group raised $450 million through the IPO of a special purpose acquisition company ("SPAC"), TPG Pace Tech Opportunities Corp. ("Pace" or "PACE"), in October 2020. Concurrent with the IPO, PACE secured an additional $150 million of Forward Purchase Agreement ("FPA") commitments, increasing PACE's capital base to $600 million • Pace has entered into a transaction agreement to merge with Live Learning Technologies LLC d/b/a Nerdy ("Nerdy" or the "Company") • Nerdy will be listed on the NYSE under the ticker symbol NRDY with a majority independent board; following the transaction existing investors and management are expected to retain a 51% ownership stake with Founder, Chairman & CEO Chuck Cohn expected to remain the largest individual shareholder¹ nerdy NYSE: NRDY In connection with the transaction, PACE has raised a $150 million PIPE of common equity at $10/share, in a private placement anchored by Franklin Templeton, Healthcare of Ontario Pension Plan, Koch Industries, and Learn Capital as well as several other leading institutional investors Pace expects to effect Nerdy's public listing with an expected market cap of $1,702 million and target net cash of approximately $297 million¹ Represents an attractive entry multiple of 7.1x projected 2022 Revenue of $198 million Transaction combines a strong entrepreneurial team and best-in-class operations with a fully funded balance sheet in an industry that is rapidly shifting online Note: Projections are TPG Pace estimates. With respect to projections, see page 2 "Use of Projections" under "Important Information". 1. Market cap assumes $10/share price. Target net cash assumes no redemptions by SPAC holders in business combination. See slide 41 for more information. Nerdy is a leading direct-to-consumer internet platform for live, online instruction and a leading gig economy platform purpose-built for teaching and learning 5 STPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#61. 2. 3. TPG Pace Introduction Select TPG Tech & Marketplace Investments • TPG has a long-history of supporting and investing in high-growth companies including internet platforms and marketplaces • Track-record of identifying markets at inflection points and supporting companies poised to take advantage of structural market changes airbnb box hotwire cal Spotify Uber zscaler EVBOX GROUP WellSky Select Recent TPG IPOs • TPG has taken 56 companies public since 2011, the most of any sponsor¹ • TPG Pace raised its first SPAC in 2015, and has completed 5 SPAC IPOs to date² • TPG Pace has announced four SPAC business combin tions, with all fours SPACs trading above $12/share before or shortly after closing³ airbnb airbnb Uber Vaxcyte McAfee EVBOX GROUP Smarter Fertility Benefits 2 C3.ai ProSight AF ACCELENTERTAINMENT. Nerdy is a great match for TPG's investment criteria Select TPG EdTech Investments • TPG has a long history of investing in EdTech, including direct-to-consumer learning platforms ● ● TPG has the largest private markets impact efforts with The Rise Fund and Rise portfolio companies having educated >16 million students • EdTech is a priority focus for our impact investing efforts given outsized positive social impact associated with high quality education, low current digital penetration, and high return potential Our impact and EdTech experience allowed us to appreciate the platform that Nerdy has created dreambox LEARNING RENAISSANCE EVERFI Source: Dealogic. Accel Entertainment was listed on the NYSE via a merger with TPG Pace Holdings Corp. EVBox Group has entered into a definitive agreement to be listed on the NYSE via a merger with TPG Pace Beneficial Finance Corp. All four previous TPG SPACS traded up to $12/ share or higher. PLYA first closed above $12/ share on 7/19/2017 following closing in March 2017, MGY first closed above $12/ share on 7/20/2018 prior to closing in late July 2019, ACEL first closed above $12/ share on 12/16/2019 following closing in November 2019, and TPGY/EVBox first closed above $12/ share on 12/11/2020, the first day following announcement of a business combination. Past performance is not a guarantee of future results. 6 ellucian lynda.com TPG nerdy PACE TECH OPPORTUNITIES Nerdy / TPG Pace Tech Opportunities Corp. 2021#7TPG Pace Joins High Quality Existing Investors and Board EXISTING NERDY INVESTORS EXISTING BOARD OF DIRECTORS 1. Source: TCV.com TCV LearnCapital Chan Zuckerberg Initiative • TCV has invested over $14 billion in leading technology companies and has helped guide CEOs through more than 125 IPOs and strategic acquisitions¹ airbnb ● PELOTON Spotify Zillow NETFLIX Learn Capital is a venture capital firm focused on breakthroughs in education technology u Udemy coursera VIPXID Chuck Cohn Founder, Chairman & CEO Cathy Beaudoin President, Amazon Fashion (Former) Erik Blachford CEO, Expedia (Former) Rob Hutter Managing Partner, Learn Capital David Karandish CEO, Capacity Woody Marshall General Partner, TCV Existing investors and board have deep experience in marketplaces, consumer internet, and learning platforms 7 TPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021 PACE#81. 2 3. TPG PACE TECH OPPORTUNITIES Investment Thesis for Nerdy Large TAM Ripe for Disruption Leading Gig Economy Platform for Learning Attractive Unit Economics Scalable Technology Platform Network Effects and Data Create Deep Competitive Moat Business is at an Inflection Point Creating Positive Change Experienced, Entrepreneurial Team ■ ■ I ■ $1.3 trillion offline direct-to-consumer education market¹ is moving online quickly COVID forced a step-function shift to online adoption that we expect to persist Adaptive learning, diagnostic testing, and data feedback loops improve learning results and enable personalization based on an individual's knowledge and competency ▪ Network effects: engagement data > personalization > performance > more learners > more experts > engagement ■ Nerdy is disrupting the market for live direct-to-consumer learning and is a leading 1:1 platform Nerdy's vertically integrated and curated marketplace delivers a superior personalized experience, increased convenience, and value to learners and experts LTVs improving with shift to online and product innovation - improving cross sell, conversion and retention LTV / CAC of >3X², immediately profitable at time of first purchase³ Purpose-built tech stack delivers multi-modality learning Al and machine learning platform matches learners and experts based off ~100 attributes to drive better outcomes and higher learner and expert satisfaction 8 Nerdy's business is inflecting now as revenue growth and engagement are accelerating Multiple growth vectors, including adding more subjects to core 1:1 tutoring, expanding further into group classes and self-guided study, international expansion and potential M&A opportunities Nerdy's platform increases access by lowering the cost and removing barriers to high-quality instruction Free classes provide millions of hours of live instruction Self-study platform provides access to assessments, practice problems, and diagnostic tests at no cost Led by Founder, Chairman & CEO Chuck Cohn, who launched Nerdy in 2007 Deep senior management team has extensive technology, consumer brand, and ecommerce experience at companies such as Amazon, Dollar Shave Club, McKinsey & Co. and Thomson Reuters UBS Global Research. Dec 17, 2020. Future reimagined: What opportunities will online bring to the US$5tn global education market? Total Net Sales Lifetime Value ("LTV") is defined as new customer cohort actual spend for historical months and forecasted revenue for future periods, minus actual and forecasted cost of goods sold, extrapolating full-quarter trends since transition to 100% online and launch of multi-learning destination strategy. Customer Acquisition Cost ("CAC") is defined as Q3-20 "Sales & Marketing Expense to acquire a new customer, excluding test marketing spend, defined as marketing expense for free classes, School at Home, television and test marketing, and excluding payroll or outside consultant expenses. Amounts exclude Veritas Prep and First Tutors, herein referred to as "Legacy Businesses. Currently profitable on average customer purchase in 1st quarter after paying for cost of goods sold and CAC (defined above in footnote 2). TPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021 PACE#9nerdy We are a purpose-driven company enabling access to high quality instruction and transforming how people learn through technology. Personalized learning is just a click away. TPG nerdy TECH OPPORTUNITIES 9 Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#102. 3. 4. 5. Nerdy by the Numbers $120M 6. Annualized Revenue¹ 2H-20E +59% Online Paid Active Learner Growth³ Q4-20E YOY Growth >3x LTV/CAC5 +87% Online Revenue Growth² Q4-20E YOY Growth nerdy 68 2020 Paid Learner Avg. NPS Score 1. Represents 2H-20E revenue annualized (2H-20E revenue multiplied by 2) and shown on U.S. GAAP basis. Online learning format revenue, defined as 1:1 online tutoring revenue and online group classes revenue and excludes in-person revenue. Transition to 100% online was completed in April 2020. Online paid active learners defined as the unique number of learners attending a paid online tutoring session or a paid online class in a given period. Amounts exclude Legacy Businesses. Paid online sessions are defined as the number of online 1:1 tutoring sessions and the number of paid online group class attendees in a given period. Amounts exclude Legacy Businesses. Total Net Sales Lifetime Value ("LTV") defined as new customer cohort actual spend for historical months and forecasted revenue for future periods, minus actual and forecasted cost of goods sold, extrapolating full-quarter trends since transition to 100% online and launch of multi-learning destination strategy. Customer Acquisition Cost ("CAC") defined as Q3-20 "Sales & Marketing Expense" to acquire a new customer, excluding test marketing spend, defined a s marketing expense for free classes, School at Home, television and test marketing, and excluding payroll or outside consultant expenses. Amounts exclude Legacy Businesses. +169% Paid Online Session Growth4 Q4-20E YOY Growth 68% Gross Margin Q4-20E >500K Learners Accessed Free Classes 2020 Net Promoter or Net Promoter Score is the percentage of customers rating their likelihood to recommend a company, a product, or a service to a friend or colleague as 9 or 10 minus the percentage rating this at 6 or below on a scale from 0 to 10. Nerdy client trigger-based NPS survey data, Q1-Q4 2020; n=700 10 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#11Nerdy's Business is Growing Rapidly and Accelerating Historical and Projected Online Revenue¹ Historical and Projected Online Revenue¹ $42M 2018 $65M 2019 45% CAGR $99M 2020E $138M 2021F $198M 2022F $267M 2023F $16M Q3 2019 71% YOY $27M Q3 2020 Note: Nerdy financial information shown does not conform to Regulation S-X or PCAOB standards and includes estimates of certain financial metrics adjusted to reflect PCAOB standards, and such information may not be included, may be adjusted or may be presented differently in filings made with the SEC. Online learning format revenue, defined as 1:1 online tutoring revenue and online group classes revenue and excludes in-person revenue. Transition to 100% online was completed in April 2020. 1. $18M Q4 2019 87% YOY $33M Q4 2020E 11 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#12Market Size¹: Learning's Digital Transition is Happening Now at Faster Rate than Previous Online Adoptions U.S. E-Commerce Digital Share (%)¹ 5x 2.1% 2004 → 15 Years $72B 1. Dawn of the Age of Digital Learning, Michael Moe, GSV, May 6, 2020. 2. Survey of 1,000 Parents of K-12 learners conducted by Halsted Strategy Group, Nov 2020. 11% 2019 $600B Global Learning Digital Share (%)¹ 5x 2.3% 2019 $160B 30% CAGR 7 Years 11% 2026P $1T 70% Are more likely to use online learning compared to a year ago² 83% Plan to use online learning services going forward² 12 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#131. 2. 3. Large Fragmented Market, Ripe for Disruption Academic Tutoring¹ $14 bn Technavio, US Private Tutoring Market (2020-2024). Technavio, US Test Preparation Market (2020-2024). IBISWorld: Fine Arts Schools in the US (16-Jun-2020). Test Prep² $27 bn Professional Certifications, Training & Skills² $14 bn Other Education³ $7 bn $ 62 bn U.S. direct-to-consumer learning total addressable market expected in 2024 13 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#141. Flagship Business: Varsity Tutors Leading platform for live, online tutoring Personalized learning in any subject, anywhere, at any time 4.7M+ hours 2020 Live Instruction Hours 3,000+ subjects broadly distributed across diverse audiences Legacy Businesses: 1 Veritas Prep First Tutors™ UNITED KINGDOM Leading online tutoring platform in the United States claim based on live hours in 2020 and subject breadth. Amounts exclude Legacy Businesses. Varsity Tutors X https://www.varsitytutors.com/session/3gh8 Varsity Tutors EN Stay Select Point My Files Draw abc Type 80 ✪ 7 Math Stickers Arrows 8 Û $9 Write Practice Shapes < 2 of 5 > + html tutoring 06.01.20.html x k!doctype html> <head> <link rel="stylesheet" href="styles.css"> </head> <body> <h1>My Page Title</h1> <div id="container"> <p>This is my page and it's about HTML!</p> </ul> <ol> <h3><b>Next Line of text</b></h3> <a href="google.com">link</a> <div id="Listh"> <li>Ice cream</li> <li>Coffee</li> <li>Pillows </li> <li>Ice cream</li> <li>Coffee</li> <li>Pillows</li> 00:12 Default Mode. Share & Upload X End Session Reference Tools Get Help 1 doctype s/heade uring 06.01.20 rel"stylesheet" href'styles.cs -This is my page and it's about HTML</ 14 STPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#15A Comprehensive Learning Destination Going beyond One-on-One to meet more learning needs A continuous, multi-format learning experience B ooooo One-on-One Personal Instruction Adaptive Self Study Assessments & Practice Problems Small Group Classes Average 5-15 participants Large Group Classes 500-50K participants One-on-One Instruction Varsity Tutors Adaptive Self Study O Ma 99 Sirkery Animal Cell Structure Centricles- Mitochondria- Peroxisome- 8 Secretory Vesicle A Smooth Endoplasmic Reticulum Learning Lab a Home ASSIGNMENTS a 5th Grade Math Class S@H n SELF STUDY Membrane Nuclear Poro Nuclear Nucleolus 5th Grade Science & Socia... EB 5th Grade Math Class S@... X Rough Endoplasmic Reticulum 5th Grade Math NUCLEO Ribosomes Golgi Complex 5th Grade Science Il Subject Amelia's 5th Grade Math 30/37 skills complete 5th Grade English Langua.... Plasma Membrane Lysosome Vacuola NEXT STEP Comparisons with Numbers and Place Values Understanding Place Value Reading, Writing, and Comparing Place Value Comparing Decimals Comparing Products to Factors Comparing Products of Multiplication with Fractions 5 upcoming skills-bide စာအား P Varsity Tutors LIVE 49 Small Group Classes 15 Large Group Classes f TPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#16K-8 25% Our Two-Sided Network: Learners and Experts Competitive & Investing Learners Diverse population servicing learners across lifecycle Audience Breakout Proactive and planning ahead. Desire to deliver best score or be top of the class. High School 32% College/Grad Professional % of Net Sales by audience 1 Key Segments Reactive Remediation Often triggered to get help by a failed test, falling behind, or a bad grade. 31% 12% Enrichment & Passion Internally motivated and curious to learn more about something they enjoy or want to develop. Helping People Learn 45% Hold a Graduate degree or more 2 ↑↑↑↑↑ Experts 1. Data for Q1-Q3 2020. Net sales is a non-GAAP measure representing client purchases inclusive of payments due within 30 days minus refunds recorded during the period, a close proxy for cash receipts from customers. Amounts exclude Legacy Businesses. Represents the percentage of 2020 active tutors who have a graduate or postgraduate degree. 2 Key Motivations Typical Occupations Supplemental Income Teacher/professor Working professional Grad/college student Retirees Self-employed Flexibility & Convenience <5 hrs Avg. #hours worked per week w/ Nerdy 16 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#17www Superior Value Proposition for Both Sides of the Network Jos LA Value for Learners Better Experience Hand-picked experts, tech-enabled tools, multiple learning formats Convenient Learners can interact when, where, and how they want including scheduled and on-demand instruction Cost Effective Enabling exceptional experience at a great value Trust Trusted brand for high quality instruction Value for Experts Strong Income Potential, Less Hassle Significant earnings without effort to find new customers Flexible Schedule Work where, when, and how you want with 24/7 demand in 3,000+ subjects Platform & Experience Technology tools, personalization, and collaborative platform make instruction engaging and enjoyable Get Paid On-Time & Securely Paid frequently with direct deposit 17 TPG nerdy TECH OPPORTUNITIES Nerdy / TPG Pace Tech Opportunities Corp. 2021 PACE#181. 2. 3. 4. 5. Powerful and Reinforcing Growth Flywheels More Learners +59% online paid active learner growth 1 +35% LTV growth 2 Subject & Format Expansion Leverage experts to create a more comprehensive learning destination that meets more learner needs, creating more on-ramps for new customers & cross-sell opportunities 68 NPS Score Online paid active learners defined as the unique number of learners attending a paid online tutoring session or a paid online class in a given period. Amounts exclude Legacy Businesses. YoY growth as of Q4 2020. Total Net Sales Lifetime Value ("LTV") defined as new customer cohort actual spend for historical months and forecasted revenue for future periods, minus actual and forecasted cost of goods sold, extrapolating full-quarter trends since transition to 100% online and launch of multi-learning destination strategy. YOY growth based upon Q3-20 data (most recent mature quarterly cohort). Amounts exclude Legacy Businesses. Net Promoter or Net Promoter Score is the percentage of customers rating their likelihood to recommend a company, a product, or a service to a friend or colleague as 9 or 10 minus the percentage rating this at 6 or below on a scale from 0 to 10. Nerdy client trigger-based NPS survey data, Q1-Q4 2020; n=700. Amounts exclude Legacy Businesses. Defined as data points generated from student attributes, instructor attributes, past matching, learning interactions from online platform, website and marketing event interactions, and self study interaction. Amounts exclude Legacy Businesses. Sources: Average session rating on customer feedback (all time thru December 2020). Amounts exclude Legacy Businesses. 3 Personalized Learning Experience Quality Experts >80 Million Usable data points for personalization 4 Expert Platform More opportunities delivers more earnings & quality interactions for top experts. Our end to end seamless experience makes the whole process more convenient. 4.9/5 instructor rating 5 18 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#19An Operating System Engineered For Learning AI for AlHT HI TM Artificial Intelligence for Human Interaction 10110000 Data Lake Interaction Layer Adaptive Learning Layer Matching Layer 19 Curation Layer TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#201. Curation Layer Identifying the best experts With our rich database of past learning interactions, we've identified the critical traits, knowledge, and experience that highly correlate to better outcomes. 100,000 Hours of recorded video interviews¹ 2012 thru December 2020. Amounts exclude Legacy Businesses. 3,000+ Subjects of Expertise 900K Applicants¹ CO D 20 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#211. 2. Matching Layer Selecting the best expert We optimize across a high dimensional set of features to identify the learner-to-expert matches with the highest projected probability of a successful interaction. 100+ Features per learner and instructor >800K Learner and expert matches¹ >80M Usable data points for personalization² Al-Powered Learner/Expert Matching Both learners, struggling with the same subject, are intelligently matched to the instructor who best fits their specific needs. Introvert Low motivation (100+ total attributes) Extrovert 3.9 GPA High motivation (100+ total attributes) 4.9** Avg. Rating Sources: Average session rating on customer feedback (all time thru December 2020, also 4.9/5 on Apple App Store 18.5K ratings) 2012 thru December 2020. Amounts exclude Legacy Businesses. Defined as data points generated from student attributes, instructor attributes, past matching, learning interactions from online platform, website and marketing event interactions, and self study interaction. Amounts exclude Legacy Businesses. 21 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#22Adaptive Learning Layer Personalizing the learning path to mastery Model-derived insights at the heart of a knowledge inference engine capturing every decision to continuously adapt the sequencing of curriculum. Continuous evolution across learning journey + ASSESSMENT Learning Plan evolves ASSESSMENT Adaptive Learning Plan Personalized Learning Plan ASSESSMENT The system adapts after every learning interaction, which matures and compounds its intelligence to deliver increasingly better guidance to the learner. 22 TPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#23Interaction Layer Optimizing human interaction An autonomation system interleaving human judgment with machine intelligence. ✓ Collaborative work space purpose built for learning ✔ Subject-specific tools and references Recordings and snapshots for post-session review Integrated personalization features Two-way video Varsity Tutors Built-in graphing & scientific calculators Collaborative workspace 18 Select Point Draw MFiles A=n² C=2m abc 88 ✪ Type V=Ewh 7 Math Stickers Arrows A=lw V=m³h Share & upload options Live help b A==bh @ Write Practice Shapes < 2 of 5 > + 2²=a² + b² The number of degrees of arc in a circle is 360. The number of radians of arc in a circle is 27. The sum of the measures in degrees of the angles of a triangle is 180. Reference tools v=m³h 0:12 Default Mode. Share & Upload x√3 Special Right Triangles V= X End Session Reference Tools Get Help 23 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#241. 2. Consumers Love their Experience 66 It was exactly what my son needed... In just a few weeks he had a better grasp on Spanish 4 and raised his grade significantly! I highly recommend them to anyone that needs additional help! 68 1 nerdy ¹ Net Promoter Scores² 62 amazon Net Promoter or Net Promoter Score is the percentage of customers rating their likelihood to recommend a company, a product, or a service to a friend or colleague as 9 or 10 minus the percentage rating this at 6 or below on a scale from 0 to 10. Varsity Tutors client trigger-based NPS survey data, Q1-Q4 2020; n=700. NPS score source: Retently, "What Do Companies with High Net Promoter Score Have in Common", 3/19/19. 68 NETFLIX 74 airbnb 24 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#251. 2. Building a Lasting Brand, Founded in Trust jentodogs. Follow 22 likes jentodogs Got to listen in to the girls' class on space with @lelandmelvin today! Just fascinating! The girls are looking forward to the next @varsi ers class with Mr more syfan8899 Follow av syfan8899 #varsitytutors #coyotepeterson... more D Survey of gen pop, 1,000 Parents of K-12 learners. Conducted by Halsted Strategy Group, Nov 2020. Survey among current and past Nerdy users. Conducted by Halsted Strategy Group, Nov 2020. sjhurtado Follow n 11 likes sjhurtado Food Fight: Chemistry Lessons From Culinary Explosions @varsitytutors @just a science guy It was a great lesson! Dank's passion for Chemistry is again! #varsitytutors theguidersguild. Follow 4 likes theguidersguild Had a blast at the @varsitytutors campi The Science of Bites & Stings with @coyotepeterson! #summercamp #coyotepeterson #varsitytutors Brand Awareness¹ 31% 2019 64% 90% Believe Varsity Tutors offers high quality instruction² 2020 Aided Awareness 87% Believe Varsity Tutors is a brand they can trust² 25 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#261. Expert Engagement is Strong and Growing Paid Sessions per Active Expert¹ 11 11 11 Q1 Q2 Q3 2019 2019 2019 12 12 14 16 Q4 Q1 2019 2020 2020 17 Q2 Q3 Q4 2020 2020E 66 I love Varsity! I always tell my teacher friends to become a Varsity Tutor. I also tell students they can use this platform. Overall, love working for this company! 66 I love that I don't have to seek out clients and I have access to so many of them easily to fit in my schedule. I also love teaching classes!!!! It is also so great to see a student succeed after only a few sessions with them :-) Paid sessions are defined as the number of 1:1 tutoring sessions and the number of paid online group classes per active Expert in a given period. Active Expert defined as having instructed one r more sessions in a given period. Amounts exclude Legacy Businesses. 26 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#27Strong and Accelerating Marketplace Dynamics Paid Online Sessions² ('000s) 24 Q1 2019 25 Paid Online Active Learners¹ ('000s) 24 28 29 31 38 44 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2019 2019 2020 2020 2020 2020E 135 1. Online paid active learners defined as the unique number of learners attending a paid online tutoring session or a paid online class in a given period. Amounts exclude Legacy Businesses. 2. Paid online sessions are defined as the number of online 1:1 tutoring sessions and the number of paid online group class attendees in a given period. Amounts exclude Legacy Businesses. 137 128 155 169 226 316 Q2 Q3 Q4 Q1 Q2 Q1 Q3 2019 2019 2019 2019 2020 2020 2020 Learner to Expert flywheel is spinning Personalization, subject expansion, and new formats driving acceleration in engagement 418 Q4 2020E 27 STPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#28Multiple Vectors to Drive Sustainable Growth Subject Expansion Professional -Format Expansion Product Expansion ܘܘܘ VT+ Subscription Unlimited access to live group classes ff17) Self Study Self-guided diagnostic tests, practice problems, and study materials Large Format Classes Free live classes with celebrity instructors drive top of funnel growth & engagement Targeted M&A International Expansion School@Home Full-time homeschool alternative Small Group Classes Affordable group classes for K-12, foreign languages, test prep and more Test Prep Full range of standardized test prep including: SAT, ACT, GMAT, LSAT, GRE, MCAT as well as a range of K-12 tests Academic Tutoring Offering support for K-12, undergraduate and post-graduate learners across more than 3,000+ subjects Tutoring and study options for range of professional certifications (CPA exam, Series 7, etc) & professional + skills development 28 TPG nerdy TECH OPPORTUNITIES Nerdy / TPG Pace Tech Opportunities Corp. 2021#29Small Group Classes Growth Vector is Taking Off Varsity Tutors My Files QChat 工作職責 Pinyin Chart < 2015 + SP 200 tr < 5K 4 (0 H & CH Dental Saints Pz c Gutual Palatalinas ex Madal Fis П - YA ZO Tx POH CF L Xumu Lavu tt sve AN EN AND LENG JLER 20 |~ ✔ H2 2020E Revenue +185% YOY Annualized Revenue represents half year revenue multiplied by two. Amounts exclude Legacy Businesses. <$1M Small Group Classes Annualized Revenue¹ $2M $3M H2 2018 H1 2019 H2 2019 $2M H1 2020 $8M H2 2020E 29 STPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#301. |~ Format Expansion Improving Already Strong Unit Economics Profitable on first purchase, immediately paying back CAC LTV expansion driven by multi-format engagement Small Group Classes 090 {f} Adaptive Self Study 2 Large Group Classes 0000⁰ fitt? ooooo fittr 00000 fff?? 1:1 88 88 Bo Bo $- 1st Year Net Sales¹ / User by # of Formats Used $500 $1,000 Net sales is a non-GAAP measure representing client purchases inclusive of payments due within 30 days minus refunds recorded during the period, a close proxy for cash receipts from customers. Net $/ Learner measured by format usage Oct 1, 2019 - Sept 30, 2020. Amounts exclude Legacy Businesses. $1,500 +89% $/Learner 4 formats vs. 1:1 $2,000 30 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#31Competitive Landscape nerdy Online, personalized 1:1 tutoring, small and large group classes, and self study Audiences Personalized Live Instruction Online Focus Access to High Quality Instructor, Regardless of Location Multiple Live-Learning Formats K-12, Undergraduate, Post-Grad, Professional, Continuing Education Chegg Homework help, textbook rentals, other supplements Primarily Undergraduate and Post-Grad, some High School Options X X X Sylvan KUMON Berlitz матн HNASIUM The Math Learning Center Legacy In-Person Learning Centers Primarily K-12 X X Udemy coursera in LEARNING WITH Lynda.com CONTENT PLURALSIGHT Asynchronous, recorded lessons Nerdy delivers high-quality personalized instruction from top experts regardless of geography Primarily Continuing Education X UUDACITY X X 31 STPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#321. 2. Improving Access to High Quality Learning Resources Free Assessments & Practice Tools Free Live Online Classes Nerdy leverages its Large Group Class learning platform to provide access to high quality live instruction in academics, enrichment, & test prep at no cost to learners. Starcourse initiative has fueled a new found love of learning for hundreds of thousands of students - all completely free. 3M+ Hours of Free Live Instruction¹ in 2020 LIVE Varsity Tutors Nerdy's library of over 200,000+ practice problems, quizzes, flashcards, and diagnostic assessments in over one hundred subjects are delivered on our platform and via mobile apps at no cost, enabling millions of learners to access quality asynchronous tools to study and improve. Amounts exclude Legacy Businesses. Bloom, B.S. (1984). "The 2 Sigma problem: The search for methods of group instruction as effective as one-to-one tutoring." Educational Researcher 13, 4-16. Learning Lab HEMAT M Shah D 's 5th Grade Math Amelia's Cowband C ing Act Coming fac P Queens Pation Pr T Ch Ba 4x60403 20M+ Practice Problems¹ taken in 2020 2 Academic studies have found that tutoring lifted average learners (50th percentile) to top of the class performers (95th percentile) Nerdy is empowering more learners to achieve these greater outcomes by making high quality tutoring more affordable and accessible 32 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#33Founder Led, Seasoned Management Team with deep technology and direct-to-consumer experience Chuck Cohn Founder, Chairman & CEO VARGO SECURITIES Ascension Ventures lan Clarkson President & Chief Operating Officer Dan Lee Chief Analytics Officer THOMSON REUTERS FICO amazon Jason Pello Chief Financial Officer 10 pwc Chris Swenson Chief Legal Officer LR POLSINELLI save Lot CALERES Mike Dierken Chief Technology Officer amazon Heidi Robinson Chief Product Officer McKinsey & Company amazon Fred Howard VP of New Business UBM Arivale Adam Weber Chief Marketing Officer DOLLAR SHAVE CLUB P&G 33 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#34$595 ay 8 POS 554 8643 BAM 555.87 34 76637.56 6375.87 906 59 73787.55 22378 4565.54 (WE(R 433445.76 6550 6958 SESISE $353.9009 56994 21 v 22334.89 91 1992 68 2992 1646445 2458434 341515 443 BUYSESESE 34.78 2535353.86 4544.76 237 76383.785 1234.76 DESESE 9506 5649 84384.34 343535 443 45.97 6695 352535380 95 LEZEL 65 2126 4544.76 654.9 SEFERL BESPRIEF #555 99095 68 27 6.00 670589.16 454 295196 56.04 256 REDSON 45464 46 4518.87 65.58 678.00 45.99 674 VETROR 230 $6.00 73487325 8783.655 656543809 343535.443 45.97 921.324 9798.95 45.99 76495.67 98335 SEELSTEL 085434 PRZEZ 454476 77787 29695 8455 (954 esse 302959 555 37 1873.67 $464.55 SWT? 29 SESE ZT 56666 3535358.88 65554809 657.97 S/WENS sty t 345 764 P ** 3433.76 657 654 656439 42.12 SESSE 863606 B/52 GALEME CEETE WHE $55.87 4646445 45464 46 8458434 43535.443 45 97 S PSSSS $5.08 32 3433.76 433445.76 73487325 110.89 4544.25 555.87 787367 4555 54 3433.76 43345* 4 S Pan 8496434 30535.443 5219090 8458434 22.89 444 786 23298 USA 4555.54 13.67 595.87 CARSON 20 3433.76 BESP tra 787367 777989 259585388 440 14 46-464.45 433445.76 96 9006 145.756 1885.899 734, 7 654.8643 764 975.876 7474.76 6354.89 29942 4325.786 178 99 145.799 563 122.56 12.45 4555.54 16.0 73487325 22334.49 Brys 2995.12 22.45 29 SESE 3438.76 563.54 2 786.99 42.12 9098.98 $57.9756 4544.75 94 97,9758 LI BUYSESTSE 6565412.09 555.87 18737 3446.9 2006 BEVOSE 433403 SASA 26 81064 34 92455 23.54 1007243 4994008 65649 2325.39 1599 199259 #WESESESE 1874.78 56.767 12459 www 6546043 €375.67 7304729 7873.67 4555.54 343376 201005 12.45 1895 899 123.89 8676.58 4544.76 232.99 444.708 ANDETS SESEST 45464.45 12267 SECTION 345.766 FREED FYS 1535151 88 22.83 4768 345.706 3433.76 7775.39 45 T 132 55 73757.55 110 73487325 6695 4535.54 2622.67 5467.78 657.654 18. JEKTS 569995 679589.86 1873.67 8999 5595549 1652 56.99 145.789 174.99 155 LETY $5.97 MISSAN $55.83 7873.67 4555.54 3433.76 433445.75 Financial Performance 4544 76 6783655 343535 443 2336 67858506 6735438 957 +50 63.98 4645446 345.756 444.788 2018 464867 433445,76 3433,76 4555.54 84434 4964 34 45464 45 3433.36 4555.54 PRETEZE satze WWE SECR 4645446 84784.34 629056 46464.45 433415 16 433445.76 3433.76 4555 54 28238 122.83 P59558 12287 3433.76 433445 76 45461.45 168606 ESE 4544.76 63 44587 47 54.78 EPISK 7874.67 555 87 4544.76 529854 4212 9546253 6565438 09 164.57 12519 PSSS ws 975875 7474,76 332.85 46664 45 413445.76 3433.25 55909 20 12256 45.78 $351.3009 178.99 145.789 ALLE 5656 32598 65990 210 85 RO 79634845 6455.4555 9815 432 PRESSESE BESTE ACTO 84964.34 4644.364 SERT SOLE 353535288 4555.54 4544.76 38587 95211 an SEZ 91 455 SZEC 9C²3950 FROST $70874 SUTHIER ES 175 99 145.759 26050 232.96 428516 546435 345.766 1895.899 11.45 155.54 343176 555.87 7873.67 4555.54 PESESESS 787367 TE199 98/5/5 68047 9CVEZY 45464.46 42 221 SCHEEP 4544.26 S 44.45 143376 D5555 SCRIVE 4555.54 34X76 RES 45.97 $6.068 73437325 Of3950 BESPREEP IN ZEZ 4590095 2002.243 23.54 91.455 4:44.76 555.87 75637.56 €37597 73547.89 1438x205 16 SA DEL % SPEED 1. 45464.46 $4964.34 66 827 BRESK 5579756 073445.76 4545446 5458434 343355443 SOSEMES SEVEDE 343.765 555.87 7873.67 455354 454476 546455 345.766 2699 BEZZE PESE ON BELL 9489126 www. 6375 87 7354759 7633785 123476 7373753 3446.99 4565 54 7464.67 2 ESSESE 7346737 san 99 $75.00 121.324 110.89 73457325 2559 15487 602 88092 73487125 110.9 WESESESS 118043 143535.44 6565438 0 46464.46 600F ESPA 444799 MUSH 657.9756 6579756 7346732 43 NU'ELPE PEPSE 19 (3576 454543 765906 WEZ 260568 EN 200 KSH 1516 56591 5923 981515258 99 SPE 16:54.45 74954.34 343535.443 345.756 54533 76 DESISESE LA 345.766 464788 754649 56.088 4555.54 BEESE 3535953.68 345.766 15.09 6579756 618.09 767367 4555.54 66.99 635438.89 6588 D (2001 343535,443 SERIA 35 345 765 3535358.86 45.97 89090 73487325 345.766 787367 1555.54 16 56587 343575.44 178009 54,79 22934.89 236.82 n 46464.46 343376 NE SPREEK 1578005 I SISEND 869606 SCHOP 17 99 STE ACTEM 433445.76 46-464.06 95/6/159 60 929 729245 98 22.77 54.96 6149 765.09 NOLO 433445.70 46464 06 795 4537389 $36.76 3456 76 546735 654 43 19 3635353.8 SES 12756 38 56376.97 535 443 4.34 555.87 787367 455354 85 2606 sebesa 5/9/59 34467737 63 SET 6375.47 79647.29 76183.25 1234.76 ........ 347535.443 7374756 ate 4855.54 5695 2319 3433.75 433445.76 46-4644 M 56 COMEL 76343785 1234.76 535.75 45373.39 73% 8595 637587 06754 4367.54 168 555.87 5234.37 6375.87 7663754 555.87 104959 767161 555.87 73487325 110.45 22.25 44.76 sn (799 159 4548 35250 782698 767.96 355.67 7873.67 4548.25 9090 98 293.9 45.9 746467 22.9 110.49 87325 579756 64575 56378.57 5467.96 57.4755 431 09 144,702 5467.75 5234.67 280 35 SZEREL 4555.54 212.99 34354 46064.46 433445.75 43344 4999058 3439.76 433445.76 674389 26 B 1002.243 23.54 555.67 787367 345.766 5496434 341515443 3413.75 GESEPSEL IS ERESES 1871.67 4555.54 4555.54 4558.54 46464 46 4648.87 3423.76 345.766 $454 55 454476 www 84384,34 91.455 4325785 345.766 1855.899 433.76 2014 6565438 09 6579756 7474.76 975.876 353535338 345.766 145.729 6354 89 LIN 1216376 12:45 122.56 4555.54 122.87 MAGA.AS 121.124 54.78 4344.75 45.78 DEMONS 76789.655 9635 432 5455 4555 736548 45 44 OF SUSEN 77288 343376 36.34 433445.76 6455. 76268.655 45417 46464.46 4337 1002 241 7873.67 64375 343535.443 $5.9 29095 PEYSESS 2424445 4746 3735 460840554 42 12 201706 6455 4555 TE 4555 54 736548.45 242.4435 343376 4334457 56378.97 4555.54 167.9756 43373.9 755353.28 4339 1126 997 43476 3746 1235 4864 554 444,758 3806 IC PANGA 46464 46 25252525467% 3856.76 7812486.36 $36.76 €365.54 213.89 6575.545 45698 345.98 542780198 Laat 233845.76 MEN 30385569 1554 ERS 122.67 8490454 Kra 3506 56.98 SURITA 343533 45.97 7873.67 49954 353353.0 34570 76637.36 6375.87 364 to as 199 240434 3496434343535.403 7364789 23682 55454 3000 656543409 36.008 GA 155 5783 CRESESESS MASAS DACTIC 67; 73487375 TEST $175.57 73487325 VZEIZE SCHWERE VEZ SESEDE 12.71 56.98 Bed34 SUEDE astfe 3453.76 842434 +346 Case 21647 89 76181.785 BE STREET or vivir 31 1930 657 575 34 345.766 1646446 19605 CHYSSEY 4653 SIE MOL SEPSE 42.12 450064.564 657.9756 73487325 343555.40 146 14 4544.76 1234.76 73797.55 5558 w.n ZWELL 4070 pers 5478 555 REESECESE be 736548.45 8595 LE PER 3%8 4546250 657 9795 656543809 5094.98 4 052950 4 638.09 345.786 3433.76 735445 354555 .68 75647.29 6282 5(509 25/05 96/900 sz COME 36965 /45/8/ 523487 5649 4555.54 800434 76769.55 433445.76 787367 15375.89 1234 76 5959 Case/ 9220 BRESSESE 95 SZER 36/9/ 225.59 9835,437 NK 67858986 34.7% 6478434 345.766 5435.76 PEECE ( SESTIE LELISME LEST 28942 towns OF 1949 3 3525853.98 645.675 SUSPEEEH PR095 SZERVE 8695421 759 4564.76 WHY T 6 12.77 187 145.766 S 9529992 LESCER SE LEVEL ww 16 6158 SE *Pa ve 4555.54 7873.87 345 90% 30% 20 14 ON SHE 854,9 BUSR 454 ASE 76383.785 SERTS 46555 PACE 45.99 223.78 4544.78 Sowett 55 CELEL 657.3756 23687 Du 71787 22:45 5822 240 95 cracs 663005 3445.99 K V s Fr5950 73737 55 46464. 64904.34 EXP SESTR SVEZI 49358 (NE/R/ 76637.56 M 8458434 (8 5:19 JARTAN 500FSE 16+78.01 5784.655 734725 56.088 787167 555.87 4544.76 42.22 9098.98 766.99 433445 76 46464 46 1433.76 19295 73647.89 6375.87 $59 4955.54 1535153.98 7663754 73487325 SRECREAS 181246 880 95 1234.76 55/8/5 MUSIE SCEEVE BESITTER SESESSE 767 95 99999.12 3535.67 an 657AM 343535,443 $1964.34 66391 RUTZZ 455554 345.766 STPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021 45.99 4.46 am 28 226 689 23268 of 8506 T#351. Online Active Learners ¹ Free >500K Paid 87K Our Monetization Model Large Group Classes Adaptive Self Study Small Group Classes One-on-One 3M+ # of Free Class Sessions Typical Order (Hours) 5-20 9-50 7M+ Learning Interactions Paid Online Active learners defined as the unique number of learners attending a paid online tutoring session or a paid online class in a given period. Free Online Active Learners defined as any account created for free classes or self study, but haven't bought. Amounts exclude Legacy Businesses. Typical $/Hour $10-$45+ $45-$75+ 35 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#361. 2. YOY Revenue Growth Rates Schools Shut Down / Test Center Closures 17% 5% Q1 2020 33% -1% Q2 2020 Online Growth 1 71% 29% Q3 2020 -Total Growth 2 87% 31% Q4 2020E Online Growth, represents online learning format revenue, defined as 1:1 online tutoring revenue and online group classes revenue and excludes in-person revenue. Total Growth represents Consolidated GAAP revenue, which includes both online and in-person revenue. We've Built An Agile And Resilient Business School and testing center closures related to the pandemic significantly impacted the business in the first half of 2020 Completed transition to 100% online in April and shut off in-person business New product innovation and increased adoption of online learning drove significant growth in 2H 2020 36 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#37$30M $42M 2018 Historical and Projected Revenue $26M $65M 2019 $7M $99M 2020E Online $138M 2021F In-Person $198M 2022F $267M 2023F Strong Core Business with Multiple New Growth Vectors Drive Topline Expansion. 1:1 strength provides strong foundation for growth Multiple learning formats enable increased consumption and retention Classes business continues to experience strong growth as we penetrate this large and growing market 37 Note: Nerdy financial information shown does not conform to Regulation S-X or PCAOB standards and includes estimates of certain financial metrics adjusted to reflect PCAOB standards, and such information may not be included, may be adjusted or may be presented differently in filings made with the SEC. TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#38Gross Margin Improvements Driven By Product Expansion |~ Shift toward 100% online improved margins over last several years Growth in Classes expected to produce future gross margin expansion 63% Historical and Projected Gross Margin 66% 67% 70% Note: Nerdy financial information shown does not conform to Regulation S-X or PCAOB standards and includes estimates of certain financial metrics adjusted to reflect PCAOB standards, and such information may not be included, may be adjusted or may be presented differently in filings made with the SEC. 71% 72% 2018 2019 2020E 2021F 2022 2023F 38 STPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#39Summary Historical Financials and 2021F-2023F Forecast $ in Millions 2020E Paid Active Online Users¹ % Paid Users YoY Total Revenue % YoY Growth Gross Profit % Margin (-) Sales & Marketing Expense (-) Operations & Fulfillment (-) Tech & Product (-) G&A Net Income² % Margin Adjusted EBITDA³ % Margin FCF4 % Margin S $ $ $ 2018 48 72 $ 45 63% (30) (14) (9) (18) (25) $ (35%) (21) S (29%) (21) S (28%) 2019 64 34% 91 $ 26% 60 66% (38) (15) (10) (18) (22) S (24%) (13) $ (15%) (23) $ (25%) 87 37% 106 $ 16% 71 67% 2. Forecast excludes non-recurring expenses associated with a de-SPAC transaction and the impact of any future Non-Cash Compensation changes. 3. Adjusted EBITDA excludes Non-Cash Compensation Expense and other Non-Recurring Items. Adjusted EBITDA is a non-GAAP financial measure. 4. FCF in 2018 excludes the $10 million acquisition of Veritas Prep. FCF is a non-GAAP financial measure. (44) (14) (12) (18) (23) $ (22%) (8) $ (8%) (10) S (9%) 2021F 130 49% 138 $ 31% 96 70% (57) (14) (17) (23) (8) $ (6%) (7) S (5%) (15) S (11%) 2022F 199 53% 198 $ 43% 141 71% (84) (20) (27) (24) (14) S (7%) (3) $ (2%) (14) S (7%) 2023F 284 43% 267 35% 193 72% (109) (26) (31) (25) 1 1% 14 5% 6 2% Revenue growth acceleration in 2022F driven by multi-format strategy Targeted marketing investments extend reach to drive Active Learner growth Tech and product investments ensure Nerdy remains at the forefront of innovation G&A increase driven by headcount and public company costs +30% revenue growth with continued gross margin expansion. FCF positive in 2023. Note: Nerdy financial information shown does not conform to Regulation S-X or PCAOB standards and includes estimates of certain financial metrics adjusted to reflect PCAOB standards, and such information may not be included, may be adjusted r may be presented differently in filings made with the SEC. 1. Online paid active learners defined as the unique number of learners attending a paid online tutoring session or a paid online class in a given period. Amounts exclude Legacy Businesses.Forecast excludes non-recurring expenses associated with a de-SPAC transaction and the impact of any future Non-Cash Compensation changes. 39 STPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#401. 2. 3. Scalable Operating Model Revenue Growth Gross Margin Tech, Product & G&A % Revenue Adjusted EBITDA Margin² FCF Margin³ 2021F¹ 31% 70% 29% (5%) (11%) 2022F¹ Forecast excludes non-recurring expenses associated with a de-SPAC transaction and the impact of any future Non-Cash Compensation changes. Adjusted EBITDA excludes Non-Cash Compensation Expense and other Non-Recurring Items. FCF is a non-GAAP financial measure. 43% 71% 26% (2%) (7%) 2023F¹ 35% 72% 21% 5% 2% Long-Term Targets¹ 25-30% 75-80% 15-20% 25-30% 25-30% 40 Long-term opportunity for growth expected as shift to online learning gains share over the coming decade and beyond STPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#41Sources & Uses / Pro-Forma Valuation Sources & Uses (Illustrative) 3. 4. 5. Sources Existing Nerdy Shareholders Equity Rollover¹ SPAC Cash in Trust² Forward Purchase Agreements PIPE Sponsor Shares Total Sources Uses Existing Nerdy Shareholders Equity Rollover¹ Cash to Nerdy Shareholders² Repayment of Outstanding Debt Cash to Balance Sheet² Sponsor Shares Fees and Expenses Total Uses $MM $862 450 150 150 90 51% 26% 9% 9% 5% $1,702 100% $MM $862 388 41 266 90 55 $1,702 51% 23% 2% 16% 5% 3% 100% Post-Transaction Ownership (Illustrative) PIPE Investors 9% Sponsor 5% FPA Investors 9% SPAC IPO 26% Post-Transaction Valuation (Illustrative) Illustrative Share Price 1,4,5 Shares Outstanding" Equity Value Net Cash Balance² Total Enterprise Value TEV / 2022F Revenue 1 Includes unvested employee options and equity awards. 2 Assumes no redemptions by SPAC shareholders. Cash to Nerdy shareholders subject to adjustments. Includes sponsor shares forfeited to FPA investors. Other outstanding instruments from PACE.U IPO and FPA: 12 million warrants for 12 million shares at $11.50 per share; 7.3 million private warrants for 7.3 million shares at $11.50 per share, 4 million Seller Earnout shares, and 4 million Sponsor Earnout shares. Existing Nerdy Shareholder and Sponsor to each receive up to 4 million earn-out shares that vest based off stock price hurdles between $12 and $16 per share over 5 years. Please see slide 49 "Illustrative Fully-Diluted Share Count" for more details. Existing Nerdy Shareholders 51%¹ $MM $10.00 170.2 $1,702 (297) $1,405 7.1x 41 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#42Defining Nerdy's Public Comparables Consumer Facing Digital Gig Economy Platform ■ I ■ Direct-to-Consumer Learning Platform Leading learning internet platform in North America Technology solutions purpose -built for learning Direct-to-consumer internet go-to-market Similar gross margins Chegg ■ Leading freelance digital services gig economy platform ~300 categories across diverse industry verticals Large market opportunity with low online penetration fiverr. Consumer Facing Platforms & Marketplaces ■ Leading vertical online marketplaces Large and expanding TAMS with low online-penetration Similar gross margins airbnb Etsy DOORDASH matchgroup TELADOC. 42 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#43Operational Benchmarking Revenue Growth Gross Margin 31% 2021F 70% nerdy 2021F 43% 2022F Sources for third-party information: SEC filings, S&P Capital IQ as of 1/27/2021. 71% 2022F nerdy 20% 33% Chegg fiverr. 71% 84% Chegg fiverr. 2022 Avg. Revenue Growth: 26% 36% 26% airbnb DOORDASH 2022 Avg. Gross Margin 72% 79% 55% airbnb DOORDASH 21% 14% Etsy matchgroup 72% 73% Etsy matchgroup 35% TELADOC. 67% O - TELADOC. 43 TPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021 PACE#44Valuation Benchmarking 2022F EV / Revenue 58% Discount 7.1X nerdy Sources for third-party information: SEC filings, S&P Capital IQ as of 1/27/2021. 14.3X Chegg 24.7X fiverr. 22.5X airbnb 15.5X DOORDASH 12.0X Etsy 12.8X matchgroup 16.4X 01 TELADOC. 44 Avg.: 16.9X TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#45TPG PACE TECH OPPORTUNITIES Key Takeaways Large TAM Ripe for Disruption Leading Gig Economy Platform for Learning Attractive Unit Economics Scalable Technology Platform Network Effects and Data Create Deep Competitive Moat Business is at an Inflection Point Creating Positive Change Experienced, Entrepreneurial Team 45 STPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#46Anticipated Transaction Timeline Note: Subject to SEC review timetable. Date January 2021 February 2021 Q2 2021 ■ ■ ■ ■ Event Transaction Agreement Executed Transaction Announced Preliminary Proxy Materials Filed with the SEC Mail Final Proxy Materials to TPG Pace Shareholders Set Record Date for TPG Pace Shareholders Vote Hold TPG Pace Shareholder Vote and Close Transaction 46 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#4706 554 8643 $2 4544 74 76637.56 6875.87 555.87 236.67 906 59 149/2 #5555 223.71 433445.76 5353.9009 665 9719097 SESUSE 22314.89 834.9 3406 99 68 20952 164.45 22378 45.99 RESESESE $4.78 ALP750 2498434 353583386 345.765 84384.34 343535 443 4597 56 Des 6995 6640 1234.79 73737 55 94/SH WESESSE 4544.76 343535 643 45.97 48545 3433.76 433445.76 27 4546.76 KRS/9 669005 8414957 4548.87 BLEN 56.088 2.30 7673.67 45.99 2027198 VETROR FOSSEDE 657 BUER 6565430 73487325 8783.655 678.00 321.324 93.43 76475.67 990 35 SZEREL 9098.95 4544,76 2216.576 232444 4544.76 567.67 555.37 4544.76 SKZZ 18565 7873.67 29 SESE ZT 66666 35353538 $76374.75 REISESSE 159 (59 343 766 2012 655548 09 345.766 951606 SCHSP ACESTE 656439 232689 4544.26 www 433445.26 3433.76 46-464 46 SOVEEP 555.87 84984 34 46464,45 343535. 443 45.97 19771 DESSE 787367 4555.54 433445. 15.54 657 9756 6565438 09 19 BESPREE saberia 129 1433.76 110.49 73487325 the 0606 343535,443 84954 34 4645446 4544.76 22.89 355.67 444 786 1002243 49950 98 23298 8783.655 15.78 7778.89 4544.25 535.87 787367 6549 259585388 433445.28 3433.26 4555.54 46-464.45 99 95 HERBA 34 91.455 332.89 ****** 345.756 1885.899 ...... है। 6543643 6 sorter 145.799 122.56 764 52539009 10 9 29962 (8DEEZZ Brys 286.99 42.12 73487325 303176 219:46 7474.36 975.876 6354.89 122 87 4555.54 91.98 *54 45.28 77959 22.45 2 95/5155 433445.76 637.9755 76 12 BUYSEST KLASA 46 6959 98604 JUNE 345.756 91.455 23.54 81384 34 4535 657.654 66489 2325.0 #WESTSESE 9599 25259 EGEM43 4544.76 355.87 (50% 433445 76 837567 73647.29 62 11:29 259 201905 499-90 98 232.45 444705 2535353 88 4544.76 7873.67 4555.54 3433.76 555.87 345.700 3435.76 413445.76 VA 12.45 1495809 345.766 15353538 4555 54 382267 65121 SOOR 8476.98 45.957 CRVEIS SSTREN DEZE 55/9/5/ 6995 JESSE M33.76 433445.76 45464.45 122.67 110.4 1699 7778.99 322 67 657.654 EM 73487325 56 0986 87 Sc Financial Appendix 1873.67 4555.54 $200 122.58 ESS PERSEAS 84384 34 464877 145.789 2645306 555.87 7877.67 4555.54 3433.76 433445.75 4544.76 86 55 20 REISEGESE 6783655 343535.413 SUSP 4325, 286 RANA 14 DE 19619 232689 343535 443 6496434 46464.45 43361576 345.766 6735438957 464867 342376 45644 WE SPREEP PRZE 908 SIZE 433440 88: 220 52005 16464 46 433445.76 3423 76 4555.54 599 Tr PE 1969 PS SSSP 433445.76 454645 241476 ACEEDS 302 45555 4544.76 122 87 CRS4 50 76 8606 68 54.78 9546253 5454543 7874.67 555 81 (565438 09 164.57 975.825 7474,76 90659 5464,5 (CRO PSSSS PROPOSE 78230 Va 413445.26 3483.25 600G ESES GEOME 21 22 WALLE 332.89 45.28 In 2006 89/ 6455,4555 9815 432 7676 655 43.0978 4232 242.4045 SPEEL 99.95 SERT SALE 23555 4325,786 178.95 145.789 4544.76 32.98 23.54 1455 3535353 88 $35.54 904158 Tot SYYS 48 555 43344575 7474,76 975.876 EN 2005 4535.5 5464.35 2080 4375.786 178 99 145.789 112.56 42.12 4644.304 555.87 7873.67 4555.54 153551.88 345.766 E 1969 GEYSER GEZE 444,788 232.96 49900.36 343176 446446 110.49 4555.54 3433.76 €334857 34.068 SZELETED DE 555 STEPE 30SPEEP 433445.75 45-46445 8496434 692542 SZEREH 21.54 91.455 343355643 3411.7 4544.76 555.47 7872.67 75637.56 €37587 344.99 EN 2000 85 212 45,454 46 11089 S5 CELEL 0822 44.785 4325.796 NUSPREET 123476 66 84 SEL EVEN 657.97 6365435.00 145.799 122.54 45464 46 546455 345,766 3435.76 345.765 545.67 KONGR 99957 345.766 4555 54 12 ESSESE 7346737 BUSE (WILLL 66 72 SPOLE 7464.67 65.98 76637.56 637587 7304789 4555 54 2559 873.00 321.324 3216876 212440 2 454537 Gr BESESECE 8809 4397 16.088 73457325 73487.125 45.97 600625 145.756 444758 977999 1182 75906 657.9756 6579756 43 33547576 343535443 1433.76 25:297 SECOND SYZE 754649 73467325 36.082 EN 2001 AFESE 345.766 3433.76 433445.76 4600405 496434 545.756 464788 ha 4555.54 151515188 La 3585953. $18.09 9646299 -*555* DESSESESE 765.09 DE 201 55236 343535,443 CENA 35 345 205 767367 66.5 63543885 655801 26708 799245 98 5467.38 56376.97 64575 45.99 345.766 153.86 343575443 45.97 45.97 89096 73487325 345.766 K 1698545 14151543 NEUR BESPREEP 9219197 1078609 353535886 4555 54 17.0 54.79 17 99 528 22994.89 236 87 433445 76 46-464.6 745.09 95/6/59 60 929 86 9606 sese 9635 ESSESE SPINY99 STMAS T 46664.46 16:39 4544.75 $5587 7373.67 4555.54 4537389 536.76 7098.98 96 3606 7637.56 6375.87 73647.39 76181.75 1234.76 6498434 56 343535,443 1234,76 7373755 ......... 45.92 4555.54 SUDE 45373.39 78565 2359 545.89 1447737 645.575 12756 38 22.77 56.99 2338 3438.75 433445.76 436754 SELEWENG FM95 8595 (3 5219 COSEL 20 4367 54 28525 5467.78 56.088 73487325 Alb 636431.29 25 09 159 555.37 15159 767 $35.87 2 7663756 (6698 45447 6795 WIS 343525.443 8793255 110 5 22.85 78121698 76795 7464,57 22.89 A 2333 5(529 5677857 9095.98 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444.758 235.09 735.65 345.766 N 200 38385569 6150 3535353.88 205 WYSELE €565434 A SURETT 856485 9520996 345.90 4648.37 3606 2058 SISTS 4 SMR67787364446 20 66.34 18637.36 S 4555.54 2658 DORIS STELPE ......... 45.97 14.088 542780198 12754.98 THAT 854.8543 9098 M 6565438.09 CRESSES 99,500 ES52 7871 $175.87 12.31 3216.875 11487325 345766 303.76 654 634.9 SNI & SHOE WYCZ 7348713 657.57566875 554 433445.76 ar viver 15.785 3415054 90 2090 99619 CSEGEVE 765.69 353 88 2619620 73497325 201 4629756 Surse 505 FREIR PS555# 29 ESSESE 636 09 1597 SESEDE $12001 60 990 ASIA.S 242 AUS €57.973636012.692164722 12469 304 1234 76 BESEGESE TAL SH LW 555 2595 me 734548.45 KIRK 657.9755 7368845 99/50 23682 5282 5/509 2436.76 PE SUL 35 RES ORELESD carce/ 787367 4555.54 3433.76 433445.76 $67.7456677866.58 0972 700 56978.47 6455 4555 3535353 88 245645 99 sat 96 1995 95 SZERZ 9835.432 57858586 1234 76 73737.55 NOVS 225.59 8619/ 6735458557 22334.59 NCIDE SC SPEED EPSESS trac $4467787 JEST a 63647669 von 16.08 3525853.98 345.34 35.85353.68 969221 464.45 SZERVE PERIO 454.76 37451235 78657.58 ky 059 3435 35 44 LESCER 4555.54 the 44% 3027 854,9 45.99 104.9 RETSE 1873.5 no 7364789 7873.67 $55.99 2424445 62 58 CRCCSES scritt WEL w2/w Hu 344699 223.78 73737 55 123476 657.3756 nistra 2289 56.088 45.97 (299 65759 75737.55 4544 GEME 44587 Ham 46464.46 V FPSOSPL 130 2920 M55.443 84984.34 5784.655 A 1226 rears 28555 INFARI POSS 76637.56 6875 87 SECURED 343535431 5853.900 M 56478.9 46464 46 56.065 787367 SISSE 6875.87 (9295 SE COSEL SRE CERE RVESESESE SZELOPEZ 80095 SCHZ $50 669019 345.766 19445 7 percent 54784.34 199 4544.76 31246 767 9 2166666 arata *** 42.22 REEZZ 81964.34 343535.443 3535.67 22.45 777 87 45.99 657.375 KAN STPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021 66 990 143766 6565429 6769 5 66 34353540 2009 De#48Non-GAAP Reconciliations $ in Millions Net Income Interest Income / Expense, Net Taxes Depreciation & Amortization Non-Cash Compensation Expense Non-Recurring Items Adjusted EBITDA Interest Income / Expense, Net Taxes Net Working Capital Change Cash from Investing Activities Veritas Prep Acquisition FCF 2018 $ (25) $ (0) 3 2 1 $ (21) $ 0 (0) (16) 10 (21) $ $ ωο 986 2019 Non recurring items in 2020 are related to a recorded loss for an office sublease. 2021 non-recurring items are primarily related to expected forgiveness of a loan. (22) $ 2 0 5 2 (13) $ (2) (0) (1) (6) (23) $ 2020E (23) $ SOGENOSOTM 5 0 6 2 2 (8) $ (5) (0) 7 (3) (10) $ 2021F (8) $ 1 2 (8) (7) $ (1) 2 (10) (15) $ 2022F (14) $ (0) 9 2 (3) $ 0 2 (13) (14) $ 2023F (0) - 11 2 14 - LO (13) 6 48 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021#49INSTONO Illustrative Fully Diluted Share Count 8 Share count in millions PACE Public IPO Shares PACE Public / FPA Warrants (1,2,3) FPA Shares PIPE Shares PACE Sponsor Shares Nerdy Existing Shareholders Shares (4) Private Warrants(1,5) Seller/Sponsor Earnouts (6,7,8) Total $10.00 $11.00 $12.00 45.0 45.0 45.0 0.5 16.0 15.0 8.0 86.2 0.3 2.7 173.7 16.0 15.0 8.0 86.2 170.2 16.0 15.0 8.0 86.2 170.2 Illustrative Share Price $13.00 $14.00 $15.00 45.0 45.0 45.0 2.1 1.4 2.8 16.0 16.0 16.0 15.0 15.0 15.0 8.0 8.0 8.0 86.2 86.2 86.2 0.8 1.3 1.7 2.7 5.3 5.3 175.1 179.0 180.0 1. Assumes treasury share method for public, FPA, and private warrants. 9.0 million public warrants issued as part of PACE IPO with strike price of $11.50 and redemption price of $18.00. 3.0 million FPA warrants to be issued with strike price of $11.50 and redemption price of $18.00. Includes unvested employee options and equity awards. 7.3 million private warrants issued as part of PACE IPO with a strike price of $11.50 Earn-out Shares Tranche 1 - If closing sales price equals or exceeds $12.00 for 20 trading day out of 30 consecutive Trading Days prior to 5 years following closing, 1.33 million Seller Earnout shares and 1.33 million Sponsor Earnout shares will vest immediately. Earn-out Shares Tranche 2 - If closing sales price equals or exceeds $14.00 for 20 trading day out of 30 consecutive Trading Days prior to 5 years following closing, 1.33 million Seller Earnout shares and 1.33 million Sponsor Earnout shares will vest immediately. Earn-out Shares Tranche 3 - If closing sales price equals or exceeds $16.00 for 20 trading day out of 30 consecutive Trading Days prior to 5 years following closing, 1.33 million Seller Earnout shares and 1.33 million Sponsor Earnout shares will vest immediately. $16.00 45.0 3.4 16.0 15.0 8.0 86.2 2.1 8.0 183.6 $17.00 45.0 3.9 16.0 15.0 8.0 86.2 2.4 8.0 184.4 $18.00 45.0 4.3 16.0 15.0 8.0 86.2 2.6 8.0 185.2 49 TPG nerdy PACE TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021