ads-tec Energy SPAC Presentation Deck
Transaction summary
Transaction summary (¹)
• $580m pro forma equity value a highly attractive
valuation versus listed EV peers (see page 35)
●
Valuation
Cash sources
Capital
structure
.
• Existing cash in trust of ~$144m
PIPE size of $156m
Existing shareholders ads-tec Holding (2) and
Bosch will hold a combined ownership of -42%
About EUSG
European Sustainable Growth Acquisition Corp ("EUSG") is a publicly listed
special purpose acquisition company (SPAC) with an estimated -$144m of
cash in trust
EUSG's IPO in Jan, 2021 was based on the premise of supplying growth
capital to European companies with proven, scalable and sustainability-
focused technologies, propelled by consumer preferences.
Sources
Equity roll-over
EUSG cash in trust
PIPE proceeds
Founders shares
Total sources
27%
Sources and uses
6%
$m
244
144
156
36
580
Uses
Equity roll-over
Founder shares
Cash to balance sheet(³)
Debt repayment (4)
Partial cash out of Bosch minority
stake
Transaction fees (5)
Total uses
Pro-forma ownership (6)
28%
(2)
14%
▪ads-tec Holding
- Bosch
EUSG shareholders
= PIPE investors
■ Founder shareholders
25%
Notes: Figures throughout the entire presentation are based on the assumption that there are no redemptions. (1) Transaction summary is subject to confirmation of historical financials
and vetting of projections based on, among other items, release of PCAOB audit as well as outstanding debt and cash position as of closing of the BCA; (2) ads-tec Holding is 100%
owned by Thomas Speidel's Family and his family's charitable foundation; Thomas Speidel has a majority of the votes in ads-tec Holding; (3) Cash to balance sheet subject to adjustment
based on actual debt repayment as permitted under the BCA, acquisition of shareholder loans, as permitted under the BCA, and actual transaction fees (4) Debt repayment amount
subject to adjustment based on funding for additional operating expenses between signing and closing; (5) Transaction fees subject to adjustment as may be mutually agreed between
EUSG, ads-tec Holding and Bosch; (6) Ownership overview (i) assuming no redemptions from the trust account of EUSG by public stockholders; and (ii) without taking into effect any
ordinary shares issuable upon the exercise of outstanding warrants.
$m
244
36
224
32
Energy
24
20
580
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