Brivo M&A Growth Strategy slide image

Brivo M&A Growth Strategy

Business Overview Pure play cloud-based, smart building access management company with a diversified, technology-enabled ecosystem. Comprehensive platform delivered through SaaS and loT. Pure play, cloud-based smart building access management company with a diversified, technology-enabled ecosystem Transaction Structure Business combination with Crown PropTech Acquisitions (NYSE: CPTK) CPTK is a publicly listed special purpose acquisition company with $276 million cash in trust; anticipated PIPE of $75 million. (1) Valuation $809 million pro forma enterprise value. Attractively valued entry multiple for an expected high growth business. Capital Structure $302 million(1) pro forma cash on balance sheet and no debt (2) (other than a convertible note) immediately following the closing of the transaction. Ownership Existing Brivo shareholders will be rolling 100% of their equity. Brivo shareholders expected to own 69% of CPTK's common stock post-transaction. (3) Note: See page 36 for a detailed transaction overview. Assumes conditions to the closing of the PIPE transaction are satisfied including satisfaction of a minimum cash condition. (1) Assumes no redemptions. PIPE anticipated to be structured as convertible note. (2) Assumes termination of existing revolver and no entrance into a new revolver. (3) Excludes (i) out-of-the-money warrants, (ii) outstanding unvested founder shares of 2.4mm, of which 1.2mm will vest at $13.00 per share and 1.2mm will vest at $15.00 per share, (iii) outstanding unvested seller earn-out shares of 8.5mm, of which 4.25mm will vest at $13.00 per share and 4.25mm will vest at $15.00 per share, (iv) Convertible Notes PIPE, (v) Convertible Note held by R. Chera, (vi) Brivo rollover options and (vii) Brivo earn-out RSUs. 4
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