Aeva's Pitch Deck for Next-ADAS and AV
Transaction Represents Attractive Discount to Peers
Key Inputs and Assumptions
AEVA
The applied range of EBITDA multiples are centered around the median of Aeva's peer group 36.6x CY2021E (CY+1) EBITDA, with sensitivities built in on both
the high and low ends.
Implied Future Enterprise Value calculated by applying a range of multiples to Aeva's 2025E EBITDA. That Implied Future Enterprise Value is discounted four
years back at a 20% rate to arrive at an Implied Current Enterprise Value
$13.9Bn
$11.8Bn
$6.7Bn
$5.7Bn
34.0x40.0x 2025E EBITDA
Implied Future Enterprise Value
34.0x 40.0x 2025E EBITDA
-
Discount Rate: 20%
Implied Current Enterprise Value
Implied EV Based on Comparable Companies' Current Trading Valuations
$1.8Bn
5.2x 2025E EBITDA
Post-Money Enterprise Value
Transaction Value
86% Discount
-71% Discount
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