Vivid Seats SPAC Presentation Deck slide image

Vivid Seats SPAC Presentation Deck

ā— - - COVID Impact Mitigated by Swift Operational Decisions ā€¢ P&L: Rapid stream lining of expenses minimized losses in low volume environment Performance marketing spend scaled down immediately; brand spend quickly negotiated; COGS scale with volume G&A expense reduced by 50%+ within 2 months while retaining critical expertise across functional areas - April-December 2020 PF EBITDA losses limited to less than $2mm monthly despite 94% decline in GOV Customer and Partner Policies: Balanced policies implemented across ecosystem to ensure vibrant return - Provided customers option of cash refund or loyalty + charity upon event cancellation; $75mm + of cash refunds provided - Implemented differentiated 'net payment' model with sellers in March; first to normalize payment terms with POD+15 in November Expenses (2) Total Expenses (2) 2019 GOV (1) 94% Reduction COVID VIVIDSEATS. % 2019 Cost Structure Marketing & COGS 1 2019 -70% 90%+ Reduction COVID G&A Expense 2019 1. Marketplace COVID -30% 50%+ Reduction 2. Industry 2019 3. Platform (1) Gross order value represents the total transactional amount of marketplace orders placed on our platform in a period inclusive of fees and net of cancellations that occurred during that period (2) Expenses reflect reported results for June - December 2020 4. Financials 80% + Reduction COVID 15
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