Getty SPAC Presentation Deck slide image

Getty SPAC Presentation Deck

Getty Images Comparable Universe Framework Comparability Valuation (2022E) Getty Images is positioned at the intersection of the creative and information economies Creative (~66%¹) gettyimages EV/Revenue: 5.0x² EV/Adj. EBITDA: 15.2x² shutterstock EV/Revenue: 4.9x EV/Adj. EBITDA: 19.8x SMB Marketplaces Etsy GoDaddy fiverr Upwork Group Median: EV/Revenue: 10.5x Creative Economy Creative Tools A Adobe AVI▶ WIX U SQUARESPACE IP Monetization UNIVERSAL UNIVERSAL MUSIC GROUP WARNER MUSIC GROUP Group Median: EV/Revenue: 5.7x Group Median: EV/Revenue: 4.6x ¡EV/Adj. EBITDA: 30.2x³1 | EV/Adj. EBITDA: 36.7x !| EV/Adj. EBITDA: 21.3x Editorial (~33%¹) Information Economy gettyimages professional fees). Please see appendix for a reconciliation of non-GAAP measures. 3 Adj. EBITDA multiples only use margin positive businesses in the calculation, and multiples less than 70.0x. Digital Content The New York Times EV/Revenue: 3.1x EV/Adj. EBITDA: 19.4x Source: Company filings, Wall Street Research and FactSet as of 12/8/2021.1 Represents percent of FY 2020 revenue excluding discontinued products. percentages do not add up to 100% due to rounding and Other Revenue, which accounts for ~2% of total revenue excluding discontinued products, and which is not shown above. 2 Getty Images enterprise value includes rollover vested options on a post-exercise basis, assuming net exercise at a $10.00 share price. Does not include unvested rollover options. FY 2022E Revenue and Adj. EBITDA based on midpoint of guidance. FY 2022E Adj. EBITDA includes ~$9mm of public company costs (BOD, D&O, additional headcount and audit and 41
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