Shutterstock Mergers and Acquisitions Presentation Deck
Transaction Details and Financial Impact
Consideration & Financing
Financial Impact
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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
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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
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