Nerdy Investor Presentation Deck slide image

Nerdy Investor Presentation Deck

1. 2. Attractive Long-Term Growth and Strong Operating Leverage Long-Term Targets¹ Revenue Growth Gross Margin Tech, Product & G&A % Revenue Adjusted EBITDA Margin² 2021F¹ 33% 70% 30% (5%) 2022F¹ 43% 71% 26% (2%) 2023F¹ 35% 72% 21% 5% 25-30% Forecast ("F") excludes or otherwise does not account for the following: (i) non-recurring expenses, including de-SPAC transaction expenses; (ii) the application of new accounting treatments associated with the de-SPAC transaction; (iii) the expense related to Unit Appreciation Rights ("UARS") held by Nerdy employees which will be converted into Stock Appreciation Rights ("SARS") in connection with the de-SPAC transaction; and (iv) the impact of any future non-cash compensation changes. 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. Adjusted EBITDA is a non-GAAP financial measure. 75-80% 15-20% 32 25-30% 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
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