Goldman Sachs Investment Banking Pitch Book

Goldman Sachs Summary of Ferdinand Projections (1/3) Received 28-Nov-2022 - ($ in millions) YOY Growth Year End Net Leverage² $ 1,218 2019A 33.8 % $519 $ 68 2019A '19A -'22E CAGR = 20.3 % 4.00 x $ 1,361 2020A 11.7% Total Upfront Capital Deployed¹ $ 358 $ 47 $1,798 '19A-'22E CAGR = (10.1)% $ 1,034 2020A 2021A 3.89 x 32.1% $ 106 2021A 3.85 x $ 2,123 2022E 18.1% $ 499 $50 2022E Revenue 4.26 x $ 2,450 2023E 15.4% Acquired Adjusted EBITDA (M&A) $770 $114 '23E-'27E CAGR = 21.0 % 2023E $ 3,012 4.02 x 2024E ¹23E-¹27E Total Acquired Adj. EBITDA Total Upfront Capital Deployed¹ $ 1,035 23.0% $115 2024E 4.23 x $3,661 2025E 21.5% $632 $5,830 $ 1,300 $130 2025E 4.18 x INVESTMENT BANKING DIVISION $ 4,415 2026E 20.6 % $ 1,350 $ 135 2026E 3.84 x CONFIDENTIAL $ 5,251 2027E 18.9% $ 1,375 $ 138 2027E 3.41 x Source: Ferdinand Management projections, received 28-Nov-2022. Includes both cash and equity upfront purchase consideration. 2 Total Net Debt/LTM Proforma Adj. EBITDA. 15

View entire presentation