S2P Case Study

Revenue reconciliation ($M) 2019A 2020A Adjusted revenue $101 $100 Direct cost of equipment sales 39 71 Net impact of NationaLease contract modification 5 3 GAAP revenue $145 $175 corcentric Note: Figures may not sum due to rounding; (1) Effective January 1, 2021, the management agreement with NationaLease was modified such that consolidation of NationaLease's financial statements into Corcentric was no longer required. We have presented Adjusted Revenue as if this change had occurred on January 1, 2019 for comparability 88 38

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