Vivid Seats SPAC Presentation Deck
Balance Sheet and Cash Flow
• Cash balance: $461mm as of 6/30/21
Cash balance reflects quarterly interest payment and quarterly amortization payment
Net debt: Significantly deleveraged pro forma balance sheet post business combination
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Result of rapid right sizing of cost structure during pandemic with continued investment to
optimize performance upon the return of live events
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• Cash Flow: Strong cash flow conversion with low capex and negative working capital
Working Capital balance of -$377mm as of 6/30/21 versus -$239mm as of 3/31/21
Increase in 'seller float' (collecting cash from buyers before remitting to sellers) as volume
increased in Q2 2021 with Accounts Payable increasing from $101mm as of 3/31/21 to $238mm as
of 6/30/21
Accrued Expenses and other current liabilities increased from $257mm as of 3/31/21 to $315mm
as of 6/30/21; partially offset by Accounts Receivable increase from $37mm as of 3/31/21 to
$52mm as of 6/30/21
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