Fast Radius SPAC Presentation Deck
Appendix A
Selected peers operational benchmarking
Industry 4.0 industrial
automation
CY'20A I
CY'22E
Revenue
CAGR I
CY'22E
Gross
margin
172%
29%
126% I
92%
kocka
58%
19%
20-22E 21-25E 20-22E 21-25E 20-22E 21-25E
50% I
85%
23%
99%
48%
I 20-22E 21-25E 20-22E 21-25E
BG BERKSHIRE (2)
Average: 70% (¹)
12%
Average: 58% (1)
50%
20-22E 21-25E
77%
Industry 4.0 additive manufacturing Advanced manufacturing
Average: 67% (¹)
DeSPAC Average: 89%(¹)
Average: 19%
Bright
Machines, (2) COGNEX
245%
71%
38%
20-22E 21-25E 20-22E 21-25E
51%
32%
DI
Desktop Metal
68%
59%
20-22E 21-25E
Average: 55% (¹)
DeSPAC Average: 52%(¹)
62%
20-22E 21-25E 20-22E 21-25E
118% 113%
Markforged
34%
52%
20-22E 21-25E
16%
VELO 3D (2)
57%
21%
materialise
52%
ASML
11%
49%
17%
Average: 58%
52%
26%
AUD
PROTOLABS tsmc
80%
UNIVERSAL DISPLAY
OPORATION
Category-leading enterprise SaaS
Average: 17%
Overall average: 40%(¹)
18%
89%
10%
89%
16%
26%
94%
Average: 86%
Overall average: 66%(¹)
76%
I
L FAST RADIUS
Source: Fast Radius' projections based on management estimates; peer projections based on company filings and FactSet as of July 14, 2021.
Note: NA denotes "not available". NM denotes "not meaningful".
(1) Averages include Desktop Metal's, Markforged's, Berkshire Grey's, Velo3D's and Bright Machines' CY'21E-CY'25E sales CAGR and CY'25E gross margin.
(2) Berkshire Grey announced its merger with Revolution Acceleration on February 25,2021; Velo3D announced its merger with JAWS Spitfire on March 23, 2021; Bright Machines announced its merger with SCVX on May 19, 2021;
projections for Markforged, Berkshire Grey, Velo3D and Bright Machines reflect management guidance from PIPE presentation.
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