Fast Radius SPAC Presentation Deck
Executive Summary
Today's presenters and transaction highlights
FAST RADIUS, INC
Lou Rassey
CEO, CO-FOUNDER,
& DIRECTOR
R FAST RADIUS.
McKinsey
& Company
Pat McCusker
CFO/COO
CHRYSLER
& CO-FOUNDER
INWK
NASDAQ
LISTED
carcurt
city
ECP ENVIRONMENTAL GROWTH
OPPORTUNITIES ("ENNV")
Doug Kimmelman
CHAIRMAN
(1) Pro forma for the transaction and assuming a $10 per share price.
(2) Assumes no redemptions by ECP Environmental Growth Opportunities Corp.'s existing shareholders and transaction expenses of approximately $35M.
See slide 55 "Detailed transaction overview" for key assumptions and additional details.
(3) UPS is an existing investor and currently holds a seat on the Board of Directors of Fast Radius, Inc.
© 2021 Fast Radius, Inc. All rights reserved.
Tyler Reeder
PRESIDENT,
CEO & DIRECTOR
Confidential - Not for Distribution
TRANSACTION HIGLIGHTS:
Business combination of Fast Radius with ENNV
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ENNV has identified Fast Radius as a unique and compelling opportunity to
invest behind the Industry 4.0 mega-trends.
TM
Fast Radius a category creator with a proprietary and defensible Cloud
Manufacturing Platform that will enable sustainable ways of making,
storing and moving parts.
Fast Radius is well-aligned with ENNV's investment thesis.
Transaction
structure
Valuation
Capital
structure
Ownership
■
M
ECP (NYSE: ENNV) is a publicly listed special purpose
acquisition company with $345m cash held in trust.
$100 million fully committed PIPE, including a $25 million
forward purchase commitment from Goldman Sachs Asset
Management, L.P. Other investors in the PIPE include UPS(3),
ECP, and Palantir.
$995M pro forma enterprise value(¹) with a strong balance
sheet.
Implied 1.6x 2025E revenue of $635M offers an attractive
valuation for a high growth business.
Post-transaction, ~$410M cash on balance sheet (¹) enables
significant optionality to enhance growth, profitability and
diversification.
Fully funded to expected positive free cash flow and
profitability in 2025.
Existing Fast Radius shareholders will be rolling 100% of
their equity and will own -63% of the combined company
at closing.(2)
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