Inspirato Financial Projections and Business Highlights
INSPIRATO
Inspirato has numerous options for optimizing margin
Projected Margin Expansion
2021E
2025E
Stabilized³
Revenue Growth:
35%
29%
10%
Growth: Subscription Sales vs. Revenue
✓ Subscription pricing
✓ ADR and utilization opportunity
Gross margin
✓ Portfolio optimization
✓ In-sourcing key vendor categories
Gross Margin:
31%
32%
41%
Adjusted EBITDA Margin
Adjusted EBITDA Margin¹, 2:
(7%)
12%
23%
✓ Moderate Sales & Marketing
✓ Leverage Technology spend
✓ Scale Corporate G&A
Source: Company financial model as of 05/07/2021
Notes:
1.
2.
3.
Adjusted EBITDA is a non-GAAP financial measure that we define as net income (loss) before interest expense, interest income, taxes, depreciation and amortization, equity-based compensation expense, warrant fair value gains and losses, losses on sale of assets, pandemic related severance costs,
public company readiness expenses, and gain on forgiveness of debt.
Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenue
The information presented under "Stabilized" is presented for illustrative purposes only. Inspirato may not choose to prioritize or optimize for margin during the projected years to target achievement of such projections
CONFIDENTIAL 42View entire presentation