Skillsoft SPAC Presentation Deck
HISTORICAL QUARTERLY FINANCIAL PERFORMANCE
($M)
Calendar Year 2020²
Q2A
Q3 A
Skills oft Order Intake:
Content
Sum Total
Total Skillsoft Order Intake
Global Knowledge Order Intake:
Classroom and All Other
Virtual and On-Demand
Total Global Knowledge Order Intake
Combined Order Intake
Skills oft Adj. Revenue:
Content
Sum Total
Total Skillsoft Adj. Revenue
Global Knowledge Adj. Revenue:
Classroom and All Other
Virtual and On-Demand
Total Global Knowledge Adj. Gross Revenue
Reseller Fees
Total Global Knowledge Adj. Net Revenue
Combined Adj. Gross Revenue
Combined Adj. Net Revenue
Skills oft Adj. EBITDA
Global Knowledge Adj. EBITDA
Combined Adj. EBITDA
CY2019A¹
$347
138
$485
$175
116
$291
$777
$363
152
$514
$182
112
$294
(34)
$260
$808
$774
$185
35
$219
Q1A
$39
32
$71
$33
26
$59
$129
$85
33
$118
$35
26
$61
(7)
$54
$179
$172
$37
4
$41
$59
24
$82
$6
42
$47
$130
$86
32
$118
$9
43
$53
(6)
$47
$171
$165
$37
6
$44
$74
28
$102
$12
38
$50
$152
$87
31
$119
$12
34
$46
(6)
$40
Q4E
$164
40
$203
$12
43
$54
$258
$82 - $87
28 - 33
$115 - $120
$12
45
$57
(8)
$49
$165 $172-$177
$158 $164 - $169
$45 $20-$25
2
6
$26 - $31
$47
CY2020E²
$334
124
$458
$62
148
$211
$669
$340-$345
125 - 130
$470 - $475
$69
147
$216
(27)
$190
$686 - $691
$660 - $665
$140-$145
18
$158 - $163
COMMENTARY
Expect to finish toward the
upper end of CY20 ranges
●
●
●
●
Current full year estimates
above guidance provided in
Investor Presentation
CY20 adversely impacted by:
-
COVID dislocation
o Long-term benefit given
acceleration of Global
Knowledge's transition
from in-classroom
training to digital
offerings
Churn from Legacy
Skillport Platform
High level of visibility into
forward-looking estimates
Majority of order intake
generated in second half of
each year
Significant shift from legacy
Classroom Training to Digital
Offerings at Global Knowledge
Note: CY2020E reflects preliminary estimates, which are subject to change. Product level view of Order Intake / Revenue for Skillsoft Content and SumTotal. Reconciliation of non-GAAP financial measures provided in appendix.
1 CY2019A reflects year ended 1/31/20A financials for Skillsoft and year ended 9/27/19A for Global Knowledge.
2 CY2020E reflects year ended 1/31/21E financials for Skillsoft and year ended 12/31/20E for Global Knowledge.
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