Fast Radius SPAC Presentation Deck
Appendix A
Transaction priced at a discount to selected peer multiples
Implied EV based on selected comparable companies trading
($ in millions)
Implied multiples
Valuation
approach
Mid-point
represents
-410% upside to
transaction value
EV / CY 2025E Revenue
Implied future EV
■
$6,346
$3,807
6.0x - 10.0x
Mid-point
represents
Implied discounted EV
(Discount rate: 20%)
-195% upside to
transaction value
$3,672
$2,203
3.5x − 5.8x
Transaction value
Implied post-money EV
Source: Fast Radius' projections based on management estimates; peer projections based on company filings and FactSet as of June 1, 2021.
FR FAST RADIUS.
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$995
1.6x
Using a future valuation date of 6/30/2024, Fast Radius is valued by applying 2025E revenue of $635m to an EV/ NTM revenue multiple of
6.0 10.0x based on peer multiples to arrive at an implied future EV
▪ The implied future EV is then discounted at a 20% discount rate over a 3-year period to arrive at an implied present value, which we believe to be
appropriate and implies an attractive valuation entry point relative to other recent and successful Industry 4.0 de-SPAC transactions
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