Shutterstock Mergers and Acquisitions Presentation Deck slide image

Shutterstock Mergers and Acquisitions Presentation Deck

Transaction Details and Financial Impact Consideration & Financing Financial Impact ■ Total purchase consideration of $210 million on a cash-free / debt-free basis Closing effective on May 11 Entered into $100 million revolver concurrent with the acquisition to allow for further M&A and general corporate purposes Funded via existing cash on balance sheet and $50 million revolver draw Maintaining 2022 revenue and adjusted EBITDA margin guidance Immediately accretive to 2022 adjusted EBITDA, even after one-time transaction related costs Integration Plan ■ Pond5 will remain a standalone brand focusing on video and music Content will be integrated across platforms Aggressive pursuit of Editorial business leveraging Shutterstock's sales team and Pond5's Editorial video capabilities Aligned with Framework for Shareholder Value Creation Programmatic M&A in areas with strong strategic fit to expand our creative platform Acquire growing and profitable businesses 10
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