Investor Presentation
INSPIRATO
Sources
Sources & Uses ($ in mm)¹
Transaction overview
Amount
%
PF Shares Outstanding
Share Price
Pro Forma Valuation ($ in mm)
137.1
$10.00
$1,371
(260)
$1,111
3.0x
$366
TVAC Cash²
$176
13%
PF Equity Value
Cash Proceeds from PIPE³
100
7%
(-) PF Net Cash
Equity Rollover
PF Enterprise Value
1,070
78%
PF EV/2022E Revenue
Existing Balance Sheet Cash
20
1%
2022E Revenue
Total Sources
$1,366
100%
Uses
Cash to Balance Sheet
Equity Rollover
Transaction Costs.
Total Uses
Amount
%
Pro Forma Ownership
TVAC Investors.
13%
TVAC Sponsors
2%
Existing
Shareholders
78%
260
19%
PIPE
1,070
78%
7%
36
3%
$1,366
100%
1.
Notes: Assumes no redemptions from TVAC investors. Excludes impact of 7.2mm sponsor warrants and 8.6mm public warrants
Sources & Uses do not add to 100% due to rounding
2.
Excludes any interest camed on the TVAC Cash in Trust. TVAC Cash amount subject to change depending on the actual interest earned
3.
Includes proceeds from the PIPE and direct placement by TVAC
4.
Includes 107.0mm existing shareholder rollover shares, 100mm PIPE shares, 2.8mm TVAC Sponsor shares (net of 1.5mm share forfeiture) and 17.3mm TVAC investor shares
CONFIDENTIAL 43View entire presentation