Skillsoft SPAC Presentation Deck
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (S-4)
($M)
Net Revenue
Impact of fresh-start and purchase accounting
One-time impact of the deconsolidation of Canada
Adjusted Net Revenue
Reseller Fees
Adjusted Gross Revenue
Net income (loss) - GAAP
Interest expense, net
Provision for income taxes
Depreciation and amortization
Impairment of goodwill and intangible assets
Impact of fresh-start and purchase accounting
EBITDA
Non-recurring retention and consulting costs
Recapitalization and transaction-related costs
Restructuring and contract terminations
Integration and migration related
Foreign currency and other non-cash expense
Other add backs
Adjusted EBITDA
skillsoft
Skills oft
(1/31/20)
Source: S-4
1 Calculation pursuant to credit agreement operative in those periods.
2 Reflects nine months ended 10/31/20A.
3 Reflects nine months ended 10/2/20A.
(1)
$514
$514
$514
($849)
430
11
106
441
$138
10
16
3
6
11
0
$185
CY2019A
Global Knowledge
(9/27/19)
$260
$260
34
$294
($26)
25
0
23
$23
015
30
2
$35
Combined
$774
$774
34
$808
($876)
455
11
130
441
$161
10
18
8
9
11
2
$219
Skills oft
Nine Months Ended 9/30/20
(1, 2)
$311
42
3
$355
Fresh-start accounting reduced deferred
revenue amount on balance sheet
$355
$2,725
176
61
58
332
(3,288)
$64
14
40
1
4
(4)
(0)
$120
Global Knowledge
$140
$140
19
$160
($98)
21
0
11
67
$2
2
3
5
0
1
0
$12
Combined
$451
42
3
$496
19
$515
$2,627
197
61
68
400
(3,288)
$66
16
43
6
4
0
$132
73
1View entire presentation