Tempo SPAC Presentation Deck
Organic Non-GAAP Operating Margin Bridge
NON-GAAP OPERATING PROFIT ($) AND NON-GAAP
OPERATING MARGIN (%) ¹,2 BRIDGE 2021E - 2025E
$ IN MILLIONS
6.5%
$9
2021E
NON-GAAP
OPERATING MARGIN
9.1%
GROSS MARGIN
IMPROVEMENT
7.0%
SG & A
OPERATING
LEVERAGE
(0.6%)
INCREMENTAL
R&D
INVESTMENT
(2.1%)
SBC CHANGE
19.8%
$44
2023E
NON-GAAP
OPERATING MARGIN
7.6%
GROSS MARGIN
IMPROVEMENT
1.4%
SG & A
OPERATING
LEVERAGE
(1.5%)
INCREMENTAL
R&D
INVESTMENT
0.4%
SBC CHANGE
Source: Management Projections.
Tr
1 Pro Forma (PF) figures include the acquisitions of Compass AC Holdings, Inc. ("Advanced Circuits" or "AC") and Whizz Systems, Inc. ("Whizz Systems" or "Whizz") which are expected to close substantially concurrently with the SPAC business combination
and exclude estimates of additional future acquisitions.
2 Non-GAAP operating profit and non-GAAP operating margin exclude non-recurring transaction related expenses incurred and forecasted in 2021.
27.7%
$92
2025E
NON-GAAP
OPERATING MARGIN
OCTOBER 2021 40
STRICTLY PRIVATE &
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