Getty SPAC Presentation Deck slide image

Getty SPAC Presentation Deck

Investment Highlights 1 2 3 4 Strong Competitive Differentiation Accelerating Tailwinds in an Attractive Industry Compelling Entry Valuation Significant Value Creation Opportunity Blue-chip company with scarcity value Highest quality, exclusive content library, including partnerships with leading media, entertainment and sports properties to serve diverse enterprise, SMB, and prosumer customer base Marketplace with strong network effects across content creators and consumers Proprietary search and AI / ML technologies drive superior content platform Accelerating demand for visual and digital content with significant and growing white space Digital advertising investment tracks content consumption growth, yzed by video Rapid acceleration in digital media consumption and proliferation of social media and the "creator economy" = extensive long-tail opportunity ■ Attractive intrinsic valuation ~45% Subscription Revenue¹ ~70% Exclusive Content Revenue¹ 749k+ Total Purchasing Customers¹ Entry at mid-single digit PF FCF yield with mid to high single digit plus organic revenue growth and high incremental margins, low capital intensity and substantial upside opportunities Attractive entry valuation relative to peers offers substantial upside 5x - 7x discount to peers on an EV / Adj. EBITDA basis Deep Sponsor experience and expertise in building and scaling data and content driven businesses and will collaboratively work with management to seamlessly execute on a substantial value creation opportunity Accelerate revenue growth by executing and capitalizing on opportunities such as increasing subscription revenue, a growing corporate customer segment, and compelling future / existing upsell opportunities (e.g. Video) Increased focus on AI/ML and data-driven initiatives to drive significant improvement in customer acquisition & marketing ROI, to pursue the cutting edge in image/video tagging, and to optimize search capabilities Foundation for future growth through exclusive partnerships, strategic M&A, new product offerings and continued international expansion Significant upside opportunity in NFTs given Getty's unique and comprehensive content library CY2022E EV / Adj. EBITDA4 15x 6 gettyimages 50+ Premium Partners¹ + Exclusive Rights Access sky news Bloomberg FIFA $12bn+ $60bn+ Digital Content TAM² Digital Video Ad Spend³ BBC ģ MWA 20x gettyimages 3 22x À AFP QQ shutterstock Broader Peers5 M 1 Subscription Revenue as of 1H'21. Total Purchasing Customers for LTM Q2'21. Exclusive Content Revenue as of LTM Q2'21. Premium Partners as of June 30, 2021.2 InsightSlice, November 2020. 2020 TAM extrapolated based on $11bn TAM estimate for 2019, with a 12% growth rate applied based on '19-'30 CAGR of 12%. ³ PubMatic 2020 Global Digital Ad Trends (2020). 4 Company filings and FactSet as of 12/8/2021. 5 Broader peers includes median of: Etsy, GoDaddy, Adobe, gettyimages Avid Technology, Wix, Squarespace, Universal Music Group, Warner Music Group and The New York Times. Based on midpoint of guidance for 2022E Adj. EBITDA. Please see appendix for a reconciliation of non-GAAP measures. ST 5
View entire presentation