Li-Cycle SPAC Presentation Deck
Discounted Future Value - ADJ. EBITDA
($US in billions)
Future
$7.4bn
$6.8bn
20.0x22.0x
FV / 2024E EBITDA (1)
Discounted
$4.3bn
$3.9bn
Implied Discounted Firm Value (2)
(Discounted 3 Periods @20.0%)
Source: Company filings and presentations, FactSet. Market data as of January 27, 2021.
(1) The applied range of EBITDA multiples based on median of comp universe. The Li-Cycle future firm value is calculated by applying the range of EBITDA multiples to Li-Cycle's 2024E EBITDA.
(2) The implied discounted firm value calculated using the future firm value and discounting it back three periods at a 20% discount rate to arrive at the implied discounted firm value range.
-73% discount to midpoint
$1.1bn
Post Money Enterprise
Value
Li-Cycle 34View entire presentation