Terran Orbital SPAC Presentation Deck

Non-GAAP Financial Measures - Reconciliations ($ in thousands) Adjusted Gross Profit Gross profit Depreciation and amortization Share-based compensation expense Adjusted Gross Profit Source: Company management. TERRAN ORBITAL FY2020A $8,019 1,718 195 $9,932 Adjusted EBITDA Net loss Interest expense, net Benefit from income taxes Depreciation and amortization Share-based compensation expense Other expense Adjusted EBITDA Revenue Net loss / Revenue Adjusted EBITDA Margin FY2020A ($10,455) 1,216 (184) 2,934 1,194 4 ($5,292) $24,879 (42.0%) (21.3%) Adjusted Free Cash Flow Net cash used in operating activities Capital expenditures Adjusted Free Cash Flow Unlevered Adjusted Free Cash Flow Adjusted free cash flow Cash interest Unlevered Adjusted Free Cash Flow FY2020A ($11,474) (7,325) ($18,799) ($18,799) ($18,799) 40

View entire presentation