Aeva Investor Presentation Deck
Transaction Represents Attractive Discount to Peers
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Key Inputs and Assumptions
The applied range of EBITDA multiples are centered around the median of Aeva's peer group 37.7x CY2021E (CY+1) EBITDA, with sensitivities built in on
both the high and low ends
Implied Future Enterprise Value calculated by applying a range of multiples to Aeva's 2025E EBITDA. That Implied Future Enterprise Value is discounted
four
years back at a 20% rate to arrive at an Implied Current Enterprise Value
$13.9Bn
$11.8Bn
34.0x 40.0x 2025E EBITDA
$6.7Bn
$5.7Bn
34.0x 40.0x 2025E EBITDA
Discount Rate: 20%
Implied Future Enterprise Value
Implied Current Enterprise Value
Implied EV Based on Comparable Companies' Current Trading Valuations
$1.8Bn
5.2x 2025E EBITDA
s
AEVA
Post-Money Enterprise Value
Transaction Value
86% Discount
71% Discount
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