Nerdy SPAC Presentation Deck
Disclaimer (continued)
Forward-Looking Statements (continued)
Accordingly, forward-looking statements, including any projections or analysis, should not be viewed as factual and should not
be relied upon as an accurate prediction of future results. The forward-looking statements contained in this presentation are
based on our current expectations and beliefs concerning future developments and their potential effects on TPG Pace and
Nerdy. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control), or
other assumptions that may cause actual results or performance to be materially different from those expressed or implied by
these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the
sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Prospectus dated
October 6, 2020 filed by TPG Pace with the SEC, as well as TPG Pace's other filings with the SEC.
Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results
may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update
or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be
required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.
Use of Non-GAAP Financial Measures
This presentation includes non-GAAP financial measures, including net sales, adjusted EBITDA (loss), and free cash flow
("FCF"). Net sales represents client purchases inclusive of payments due within 30 days minus refunds recorded during the
period, a close proxy for cash receipts from customers. Adjusted EBITDA (loss) is defined as net income or net loss, as
applicable, before net interest income (expense), taxes, depreciation and amortization expense, non-cash compensation
expense and other non-recurring items. FCF is the sum of operating cash flow and capital expenditures.
Management believes that these non-GAAP measures of financial results provide useful information to management and
investors regarding certain financial and business trends relating to Nerdy's financial condition and results of operations. TPG
Pace believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating
ongoing operating results and trends. Management does not consider these non-GAAP measures in isolation or as an
alternative to financial measures determined in accordance with GAAP. Other companies may calculate non-GAAP measures
differently, and therefore the non-GAAP measures of Nerdy included in this presentation may not be directly comparable to
similarly titled measures of other companies.
Please refer to footnotes where presented on each page of this Presentation or to the appendix for a description of these
measures. This presentation also includes certain historical and forecasted non-GAAP financial measures. The Company is
unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial
measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and
no reconciliation of certain historical and forward looking non-GAAP financial measures is included.
3
Industry and Market Data; Trademarks and Trade Names
Information and opinions in this presentation rely on and refer to information and statistics regarding the sectors in which
Nerdy competes and other industry data. TPG Pace obtained this information and statistics from third-party sources, including
reports by market research firms. TPG Pace and Nerdy have not independently verified the information and make no
representation or warranty, express or implied, as to its accuracy or completeness. TPG Pace and Nerdy have supplemented
this information where necessary with information from Nerdy's own internal estimates, taking into account publicly available
information about other industry participants and Nerdy's management's best view as to information that is not publicly
available. This presentation contains preliminary information only, is subject to change at any time, and is not, and should not
be assumed to be, complete or to constitute all the information necessary to adequately make an informed decision regarding
your engagement with TPG Pace or Nerdy.
TPG Pace and Nerdy also own or have rights to various trademarks, service marks and trade names that they use in
connection with the operation of their respective businesses. This presentation also contains trademarks, service marks and
trade names of third parties, which are the property of their respective owners. The use or display of third parties' trademarks,
service marks, trade names or products in this presentation is not intended to, and does not imply, a relationship with TPG
Pace or Nerdy, or an endorsement or sponsorship by or of TPG Pace or Nerdy. Solely for convenience, the trademarks,
service marks and trade names referred to in this presentation may appear without the ®, TM or SM symbols, but such
references are not intended to indicate, in any way, that TPG Pace or Nerdy will not assert, to the fullest extent under
applicable law, their rights or the right of the applicable licensor to these trademarks, service marks and trade names.
No Offer or Solicitation
This presentation is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell,
subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or
otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except in a transaction exempt from registration under the Securities Act or by means of a
prospectus meeting the requirements of Section 10 of the Securities Act, and applicable regulations in the Cayman Islands.
Important Information For Investors and Shareholders
In connection with the proposed business combination, TPG Pace will file a registration statement on Form S-4 and the related
proxy statement/prospectus with the SEC. Additionally, TPG Pace will file other relevant materials with the SEC in connection
with the proposed business combination. The materials to be filed TPG Pace with the SEC may be obtained free of charge at
the SEC's website at www.sec.gov. Investors and security holders of TPG Pace are urged to read the proxy
statement/prospectus and the other relevant materials when they become available before making any voting or investment
decision with respect to the proposed business combination because they will contain important information about the
business combination and the parties to the business combination.
TPG nerdy
PACE
TECH OPPORTUNITIES
Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021View entire presentation