Forge SPAC Presentation Deck slide image

Forge SPAC Presentation Deck

Historical and Future Financials ($ in 000's) P&L Revenues Transaction-Based Expenses Total Revenue Less Transaction-Based Expenses YOY Growth % Total Operating Expense Operating Income EBITDA (3,4) Adjusted EBITDA Margin % Actuals (1) 2019A $27,710 3,661 $24,049 ($14,646) 2020A ($6,544) (27%) $51,644 3,888 $47,756 99% 2021P $2,782 $38,696 $55,373 $152,945 $178,216 6% $128,754 $158,684 5,334 7,257 $123,421 $151,427 158% Projected 2022P 23% 3% ($7,617) ($29,525) ($26,789) ($24,699) $11,477 2023P(2) 8% $195,437 8,587 $186,850 23% $211,549 $18,999 10% I Actuals (1) Q1 21 $32,055 976 $31,078 337% $28,853 $2,225 $4,877 16% Illustrative Long-Term Targets 20-30% Revenue Less Transaction-Based Expenses 1) Actuals represent unaudited financials and are presented on a GAAP basis 2) For illustrative purposes, the 2023P column shows numbers based on the midpoint of the projected 20-26% revenue less transaction-based expenses growth range 3) Adjusted EBITDA adds back depreciation and amortization, stock-based compensation, and acquisition costs to Operating Income; see page 51 in the appendix for Non-GAAP EBITDA reconciliation 4) Projected financials assume capitalization of internally developed software starting in 2022 Growth 20-30% Adjusted EBITDA Margin Forge 44
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