Nerdy SPAC Presentation Deck
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Scalable Operating Model
Revenue
Growth
Gross Margin
Tech, Product &
G&A
% Revenue
Adjusted EBITDA
Margin²
FCF Margin³
2021F¹
33%
70%
29%
(5%)
(11%)
2022F¹
Forecast excludes non-recurring expenses associated with a de-SPAC transaction and the impact of any future Non-Cash Compensation changes.
Adjusted EBITDA excludes Non-Cash Compensation Expense and other Non-Recurring Items.
FCF is a non-GAAP financial measure.
43%
71%
26%
(2%)
(7%)
2023F¹
35%
72%
21%
5%
2%
Long-Term
Targets¹
25-30%
75-80%
15-20%
25-30%
25-30%
Long-term opportunity for growth expected as shift to online learning gains share over the coming decade and beyond
STPG nerdy
TECH OPPORTUNITIES
Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021
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