CorpAcq SPAC Presentation Deck
2C
1
2
3
Significant New Capital to Accelerate Growth
Churchill transaction provides capital to optimize CorpAcq's balance sheet and fuel future growth with a wider acquisition
range
Capital Raised in Churchill Transaction
$592mm
Cash in Trust
Transaction Uses
(1,2)
Redeem preferred equity
De-lever/fund cash to balance sheet
Fund partial secondary to shareholders
CHURCHILL
CAPITAL VII CorpAcq
Pro Forma Capital Structure) ($ in mm)
Gross Debt
Pro Forma Gross Debt / FY2023E Adj. EBITDA
Pro Forma Cash(3)
Net Debt
Pro Forma Net Debt / FY2023E Adj. EBITDA
Conservative
Net Leverage
Significant
Dry Powder
1.8x
Net Leverage(2,3,4)
~$199mm
Cash on Balance Sheet(2,3)
467
3.1x
199
268
1.8x
Source: CorpAcq and Churchill Capital Corp VII Management. Debt balances as of 5/31/2023, adjusted for acquisitions to be completed prior to July 31, 2023.
Note: Financials based on UK GAAP audits and has not been audited in accordance with PCAOB standards. FY2023E financials are estimates from CorpAcq Management. Assumes USD:GBP exchange ratio of 1.286:1. (1) CVII cash-in-trust
was US $592mm as of May 16, 2023. (2) Assumes no additional redemptions. (3) Pro forma cash balance assumes $71mm as of May 31, 2023 plus cash from trust after subtracting fees & expenses excluding taxes, redemption of CorpAcq
preferred and then up to $257m of secondary proceeds; assumes no additional redemptions and a minimum of $129mm cash to the balance sheet before any secondary proceeds. (4) Net Leverage is calculated as Gross Debt - Pro Forma Cash
/ FY20223E Adj. EBTIDA. See appendix for the definition and reconciliation of Adj. EBITDA.
26View entire presentation