Covalto SPAC Presentation Deck
12
$100mm
Projected 2023E Total Revenue
55% YoY Growth
7,000+
2022E Clients¹
540mm+
Unique e-Invoices
$412mm
Projected 2023E Originations
49% YoY Growth
400
Current Employees
~1.0%
Historical Loss Ratio²
Note: Please refer to "Disclaimer" on Slides 2-3 including under the headers "Forward-Looking Statements", "Use of
Projections", "Preliminary Financial Information", "Pro Forma Financial Information" and "Financial Information; Non-GAAP
financial Measures" for the disclaimer regarding the forecasts, projections and preliminary financial information included in
this presentation. 2021 financial information is from preliminary estimated unaudited financial statements for 2021, which are
based on currently available information and subject to completion of financial closing procedures and the audit. Actual 2021
financial information may differ materially from these preliminary estimates pending completion of financial closing
procedures and the audit. Projected data based upon Management good faith targets and are subject to significant risks.
Includes active credit cards and total deposit accounts
1.
2. Q1 2022 historic loss ratio net of recoveries, excluding Banco Finterra
Key Business Highlights
Total Revenue ($ mm)
$8.8
$19.9
$24.1
$39.9
$64.5
$100.0
$0.1 $0.6 $1.4
2015A 2016A 2017A 2018A 2019A 2020A 2021P 2022E 2023E
Note: Fixed exchange rate of $20 MXN/USD for projected revenue figures; 2017-2020 revenue exclude Banco Finterra.
2021 financial information is from preliminary estimated unaudited financial statements for 2021, which are based on
currently available information and subject to completion of financial closing procedures and the audit. Actual 2021
financial information may differ materially from these preliminary estimates pending completion of financial closing
procedures and the audit. Projected data based upon Management good faith targets and are subject to significant risks.
Financial information for the 2021 year is unaudited pro forma financial information, giving effect to the Company's
acquisition of Banco Finterra as if it occurred on January 1, 2021. May not be indicative of actual or future results.View entire presentation