Getty SPAC Presentation Deck slide image

Getty SPAC Presentation Deck

Capital Structure and Cash Flow Priorities Levered Pre-Tax Free Cash Flow¹ ($ in millions) $11 $47 $76 $117 $151 FY17A FY18A FY19A FY20A FY21E $200+ Pro Forma Pro forma5 for this transaction, including debt paydown & repricing / refinancing, we expect $200mm+ in Levered Pre-Tax FCF, representing a ~$55mm uplift Target Net Debt / Adj. EBITDA4 ~3.5x2 2 3 Pro Forma ~2.5x - 3.0x Target Expect to be within target leverage range within 24 months6 ¹ Levered Pre-Tax Free Cash Flow is defined as Adj. EBITDA less capital expenditures, interest and other adjustments. 2 Based on proposed transaction structure, reflecting estimates for 3/31/2022. 3 Based on midpoint of guidance range for FY 2022E Adj. EBITDA. 4 Please see appendix for a reconciliation of non-GAAP measures. Pro forma net leverage ratio may vary depending on redemption levels and cash availability. 5 Assumes a full year of interest expense savings after de-levering to 3.5x. gettyimages Expectation based on long term organic growth model, using excess cash flow to pay down debt. 6 Priorities for Cash Flow Spend Investment in Marketing to Drive Growth Investment in Data Capabilities and Technology to Drive Product Innovation Opportunistically Evaluate M&A Balance Capital Structure and Shareholder Return 39
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