DIGITAL MANUFACTURING. REIMAGINED.
Transaction Summary
Presenters
Ryan Martin
Chief Executive Officer, Fathom
Transaction Highlights
Altimar
Acquisition
Corp. II
然
Altimar Acquisition Corp. II (NYSE: ATMR) is a publicly listed special
purpose acquisition company with $345mm in cash
• $80mm PIPE commitments before transaction announcement
Rich Stump
Co-Founder & Chief Commercial
Officer, Fathom
Valuation
•
•
$1.5bn pro forma enterprise value with a strong balance sheet
Implied 27.5x 2022E EBITDA of $54mm and 7.3x 2022E Revenue
of $205mm offers an attractive valuation relative to the peer group
Mark Frost
Chief Financial Officer, Fathom
Tom Wasserman
Capital
Structure
Pre-transaction, Fathom is already a positive, self-sustaining cash
flow business
Total pro forma liquidity of $62mm¹
Post-transaction, PF net leverage of 2.85x gives the Company
sufficient firepower to continue pursuing its M&A strategy
Expected net leverage multiple of 1.50x as of FYE 2022E
CEO / Chairman, Altimar Acquisition Corp. II;
Managing Director, HPS Investment Partners, LLC
Ownership
64% existing shareholders; 30% SPAC shareholders and
sponsor founder shares; 6% PIPE investors²
1 $37mm of pro forma cash as of 3/31/2021 plus $25mm of availability under a new $50mm revolving credit facility. On April 30, 2021, Fathom completed a financing transaction in which it entered into a $172 million term loan due April 2022 (the "April 2021 Term Loan") in order
to finance certain acquisitions and to refinance Fathom's existing debt. Fathom is entering a new credit facility that will become effective upon the closing of the Transaction. The new credit facility includes a $50 million revolving credit facility and a $125 million term loan that
mature in 2026. Fathom intends to use proceeds from this credit facility to repay the April 2021 Term Loan; 2 See slide 31 "Detailed transaction overview" for key assumptions and additional details. Assumes no redemptions by Altimar Acquisition Corp. II's existing public
shareholders
FATHOM
Fathom Proprietary
and Confidential
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