PropertyGuru SPAC Presentation Deck slide image

PropertyGuru SPAC Presentation Deck

Transaction Overview 37 Key Transaction Terms Pro forma equity value at Listing of US$1,783m 100% rollover by existing PropertyGuru shareholders REA has committed to $20m of the $100m PIPE and exercised a call option over an additional US$32m of primary shares that will be settled with the PIPE US$433m of pro forma cash held on balance sheet to pursue growth Assumes no SPAC shareholders elect to have their SPAC shares redeemed for cash as permitted Illustrative Pro Forma Valuation (US$m) Total Equity Value(¹) Existing Net Cash on Balance Sheet(2) Cash to Balance Sheet from Transaction Total Enterprise Value Implied CY22F EV/Revenue (3) (2) (3) $1,783 ($40) ($393) $1,350 12.4x Illustrative Sources and Uses (US$m) Sources New Bridgetown 2 Class A Shares Bridgetown 2 Cash-in-Trust PIPE Investor Cash REA Option Exercise Total Sources Uses PropertyGuru Purchase Equity(1) Bridgetown 2 Sponsor Class A Shares Cash to Balance Sheet from Transaction Estimated Fees & Expenses Total Uses $1,352 $299 $100 $32 $1,783 $1,277 $75 $393 $38 $1,783 Note: USDSGD FX rate of 1:1.327 (1) Assumes undiluted share count of 127.7 million rollover equity shares, 29.9 million Bridgetown 2 public shares, 7.5 million sponsor promote shares, 10.0 million PIPE shares and 3.2 million REA options shares. Undiluted share count does not include 112,000 warrants held by KKR (4.0 million pro forma shares) and 176,964 restricted stock units and share options (6.4 million pro forma shares). Assumes no SPAC shareholders elect to have their SPAC shares redeemed for cash as permitted Cash on balance sheet as at 31 March 2021; includes pre-Listing adjustments CY22F revenue of US$109.3m; Includes revenue contribution from REA Assets to be acquired (refer to slide 10 for further details), excludes impact from Listing proceeds investments
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