Nerdy Investor Presentation Deck
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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. 2021View entire presentation