Tempo SPAC Presentation Deck
Tempo vs. Comparable Companies - EBITDA Multiples
FIRM VALUE / 2023E EBITDA
16.1x
TEMPO
26.3x
21.9x
FIRM VALUE / 2022E EBITDA
Tr
materialise
28.3x
21.4x
FATHOM
27.2x
DIGITAL MANUFACTURING
13.4x
B
PROTOLABS
16.9x
NM
Markforged
NM
NM
Bright
Machines.
NM
NM
MEDIAN 21.4x
FR FAST RADIUS.
NM
NM
Xometry
NM
MEDIAN
27.2x
53.0x
Digita
87.3x
ADVANCED MANUFACTURING
37.5x
ED
3D SYSTEMS
47.4x
MEDIAN 33.3x
29.1x
COGNEX
32.6x
22.7x
stratasys
34.7x
Source: Investor Presentations and FactSet. Market date as of October 8, 2021.
Pro forma (PF) figures include the acquisitions of Compass AC Holdings, Inc. ("Advanced Circuits" or "AC") and Whizz Systems, Inc. ("Whizz Systems" or "Whizz") which are expected to close substantially concurrently with the SPAC business combination
and exclude estimates of additional future acquisitions. Excludes $75M Tempo earnout.
1
2 Software peers include: Ansys, Autodesk, Cadence, PTC, and Synopsys.
MEDIAN
41.1x
SOFTWARE²
26.1X
SOFTWARE
MEDIAN
32.1x
OCTOBER 2021 47
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