System1 SPAC Presentation Deck
Net Income to Pro Forma Adj. EBITDA
S1
Consolidated Net Income / (Loss)
Plus: Tax
Plus: Interest
Plus: D&A
Plus: Other Expense
Plus: Stock-Based Comp and Distributions
Plus: Impact of Terminated Product Lines
Plus: Other costs, incl. Restructuring Charges
Adj. EBITDA
Plus: Acq. Related Adjustments
Pro-Forma Adj. EBITDA
2018
($18)
21
5
O
14
(5)
12
$28
18
$46
2019
$4
1
26
11
1
12
1
5
$60
8
$68
2020
$3
2
25
14
O
9
(1)
10
$63
O
$63
Sept20 YTD
($3)
O
19
11
O
(1)
$40
O
$40
Sept21 YTD
($ in millions)
$45
2
12
10
O
6
O
14
$90
$90
Note: The Company is not able to reasonably reconcile forecasted Pro Forma Adjusted EBITDA to its nearest GAAP metric due to uncertainties regarding purchase accounting,
stock-based compensation and taxes. Figures may not foot due to rounding.
43View entire presentation