Brivo SPAC Presentation Deck
Public comparables - multiples benchmarking
Obrivo
Revenue Multiples
Growth Adj. Revenue
Multiples (3)
CY2022E
CY2023E
CY2022E
CY2023E
7.3x
(2)
(2)
4.5x
(2)
0.14x
(2)
0.07x
D
Matterport Ilincino FERTINETG GUIDEWIRE @ppfolio paloalto 2 MANDIANT (¹) LATCH SmartRent Check Point
Median: 10.2x
Obrivo. Note: Companies sorted by CY2022E revenue multiple.
(1) Formerly known as FireEye.
(2) Based on the proposed transaction.
37.9x
23.1x
0.81x
0.36x
Source: Brivo Management, company filings, Capital IQ as of 11/05/2021.
22.6x
18.0x
0.95x
14.1x 13.6x 11.9x 11.2x
0.79x
11.9x 11.6x 10.5x 9.6x 7.6x
0.92x
0.70x 0.63x 0.69x
1.14x
0.82x
9.2x 9.2x 8.0x 6.3x 6.2x
Median: 8.6x
Median: 0.69x!
7.7x 6.7x
0.59x 0.42x 0.53x 0.37x
0.56x
Median: 0.48x!
0.37x 0.39x 0.34x
(3) Represents Enterprise Value / Revenue / Growth Rate.
3.0x
2.7x
0.02x 0.03x
0.03x 0.02x
5.6x
5.4x
1.59x
1.66x
HEXAGON Trimble
8.1x
7.6x
1.11x
Security and Vertical SaaS
Software-enabled
Industrial Tech
VERRA
MOBILITY
Median: 5.7x
5.8x 5.7x 5.3x
¡Median: 5.3x
5.3x 5.4x 5.0x
Median: 0.68x
0.75x 0.62x 0.37x
0.58x
Median: 0.93x
FORTIVE
0.98x
0.75x
0.88x
Please refer to "Disclaimer" on Slides 2 and 3 including under the headers "Forward-Looking Statements" and
"Financial Information for the disclaimer regarding the forecasts and projections included in this presentation.
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