Getty SPAC Presentation Deck slide image

Getty SPAC Presentation Deck

Illustrative Benchmarking Analysis (Cont'd) gettyimages Enterprise Value ($ in billions) EV/CY2022E Revenue $4.8¹ 5.0x EV / CY2022E Adj. EBITDA 15.2x² shutter stock $4.1 4.9x 19.8x Etsy $35.1 12.8x SMB Marketplaces GoDaddy fiverr. Median: 10.5x 44.7x $15.4 3.7x 15.6x $5.4 Median: 30.2x 14.5× gettyimages Please see appendix for a reconciliation of non-GAAP measures. NM Upwork $5.1 8.2x NM Creative Economy A Adobe $313.5 17.0x Creative Tools 34.4x AVI► $1.7 3.9x Median: 36.7x Median: 5.7x WIX 19.4x $9.0 5.8x 64.0x SQUARE SPACE $5.2 5.6x 38.9x 1 Getty Images enterprise value includes rollover vested options on a post-exercise basis, assuming net exercise at a $10.00 share price. Does not include unvested rollover options. IP Monetization UNIVERSAL UNIVERSAL MUSIC GROUP WARNER MUSIC GROUP $52.1 Median: 4.6x 5.0x $25.2 22.2x 4.2x Median: 21.3x 20.3x Information Economy The New York Times $6.9 3.1x Source: Company filings and FactSet as of 12/8/2021. Note: Multiples over 70.0x are not considered meaningful. Note: Getty Images FY 2022E Revenue and Adj. EBITDA based on midpoint of guidance. FY 2022E Adj. EBITDA includes ~$9mm of public company costs (BOD, D&O, additional headcount and audit and professional fees). 19.4x 47
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