Investor Presentaiton
•
Transaction summary
Pro forma fully diluted enterprise value of $2.3 billion, 11.2x multiple of 2022E revenue; 7.0x 2023E revenue
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Current owners will retain ~75% ownership in public Matterport
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Transaction will result in approximately $615 million of cash added to the balance sheet to fund growth
Sources ($M)
Pro Forma Valuation ($M)
Cash in Trust (1)
Proceeds from PIPE Raise
Seller Rollover
Total Sources
$345
$295
2,189
Equity Value
$2,829
Share Price
$10.00
x Pro Forma Shares Outstanding
291.5
$2,915
655
Uses ($M)
Seller Rollover
$2,189
Cash to Matterport's Balance Sheet (1)
615
GH VI Estimated Deal Expenses
25
Total Uses
Notes:
$2,829
Less: Net Cash (2)
Enterprise Value
Enterprise Value/2022E Revenue
Pro Forma Ownership(3)
PIPE Investors
10.1%
GHVI Shareholders
11.8%
GHVI Sponsor
(1) Assumes no Gores Holdings VI stockholder has exercised its redemption rights to receive cash from the trust account. This amount will be reduced by
the amount of cash used to satisfy any redemptions
(2) Based on pre-transaction net cash position of $40M and $615M net cash injection to company's balance sheet
(3) Assumes a nominal share price of $10.00. Ownership excludes impact of warrants and earn out
3.0%
PIPE Investors
$2,260
11.2x
Investor Rudlover
Investor Rollover
75.1%
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