Planet SPAC Presentation Deck
23
Clear Path to Profitability and Robust Cash Flow Generation
Adjusted EBITDA¹
Unaudited, ($ in millions)
(9%)
$(11)
FY2021A
(36%)
(28%)
$(41)
FY2021A
$(36)
FY2022E
Adjusted Free Cash Flow²
Unaudited, ($ in millions)
(42%)
(20%)
$(55)
FY2022E
$(39)
FY2023E
(30%)
$(58)
FY2023E
(3%)
$(10)
FY2024E
(15%)
$(43)
FY2024E
A
15%
$ 67
FY2025E
5%
$24
FY2025E
27%
$ 187
FY2026E
B
20%
$140
FY2026E
A Transaction proceeds fund
growth investments
through Adjusted EBITDA
breakeven
B Significant FCF generation
driven by one-to-many
business model and
revenue scale relative to
maintenance capex for
constellation
Note: FYE January 31st.
Adjusted EBITDA is a non-GAAP metric defined as gross profit less operating expenses, add back stock-based compensation and depreciation & amortization, and EBITDA margin as the percentage of EBITDA relative to net revenue during a given period.
2 Adjusted Free Cash Flow defined as Adjusted EBITDA less capital expenditures, and Adjusted free cash flow margin as the percentage of Adjusted free cash flow relative to net revenue during a given period.
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