Forge SPAC Presentation Deck slide image

Forge SPAC Presentation Deck

Forge Data: Significant Opportunity for Recurring Revenue Growth The Opportunity Data Revenue as % of Total for Select Exchanges (1) Nasdaq 38% (2) $1,173mm Data Revenue Number of Subscribers PitchBook 960K+ Subscribers (4) Ice 36% 4) Source: Pitchbook website - newsletter subscribers 5) Source: CBInsights website - newsletter subscribers (3) $2,434mm Data Revenue CBINSIGHTS 725K+ Subscribers (5) ■ I Forge Intelligence: First product launched under data pillar Provides insights, pricing information and analytics to inform and build confidence with investors, leading to more engagement and additional trades on the platform Annual subscription product with a predictable and highly recurring revenue stream In soft launch phase, public launch expected Q4 2021 Additional features and products in next 12 months 15-20% Potential % of Revenue in Long Term 1) Data Revenue as a % of Total Revenue Less Transaction-Based Expenses shown on a Q1 2021 LTM basis 2) Source: NASDAQ Q1'21 Earnings Presentation, 2020 10-K - calculated as (Investment Intelligence + IR and ESG Services Revenue) / Total Revenue Less Transaction-Based Expenses = ($955mm + $218mm) / $3,053mm = 38% 3) Source: ICE Q1'21 Earnings Presentation, 2020 10-K - calculated as (Data and Conn. Services + FI Data and Analytics + Other Data and Network Services + Mortgage's Data and Analytics) / Total Revenue Less Transaction-Based Expenses PF For Ellie Mae = ($804mm + $523mm + $1,037mm + $70mm) / $6,708mm = 36% Forge 31
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