Doma SPAC Presentation Deck
Unaudited
Summary Financial and Other Information
($ in millions)
Closed Orders¹
Closed Orders Growth (%)
GAAP Revenue
Premiums Retained by Agents
Retained Premiums and Fees¹
Direct Fulfillment Expense²
Adjusted Gross Profit
As % of Retained Premiums and Fees (%)
Adjusted Gross Profit Growth (%)
Customer Acquisition Cost
Other Expense³
Adjusted EBITDA
As % of Retained Premiums and Fees (%)
2019A
74,017
NM
$358.1
($178.3)
$179.8
($93.3)
$86.5
48.1%
NM
($35.2)
($65.2)
($13.9)
(7.7%)
2020E
92,389
24.8%
$409.8
($220.1)
$189.7
($98.0)
$91.6
48.3%
5.9%
($34.5)
($76.1)
($19.0)
(10.0%)
2021E
136,880
48.2%
$416.4
($190.0)
$226.4
($137.0)
$89.5
39.5%
(2.4)%
($48.0)
($108.0)
($66.6)
(29.4%)
2022E
212,199
55.0%
$514.6
($195.7)
$318.9
($148.2)
$170.7
53.5%
90.8%
($69.3)
($111.9)
($10.4)
(3.3%)
2023E
330,473
55.7%
$665.3
($201.5)
$463.7
($157.0)
$306.8
66.2%
79.7%
($99.0)
($118.6)
$89.1
19.2%
(1) Since the North American Title Acquisition in January 2019, Doma has closed 40 branches as the company integrated and rationalized its branch footprint. Retained Premiums and Fees from closed branches totaled $27.7 million in 2019, and
$7.2 million in 2020. Closed orders from closed branches totaled 15,142 in 2019, and 3,773 in 2020. Financial results have not been adjusted for branch closures. (2) Includes direct labor expense and direct non-labor expense inclusive of claims losses
and reserves. (3) Includes corporate support and other operating expense.
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