Better SPAC Presentation Deck
Reconciliation
of Non-GAAP
Metrics
Better
($ in millions)
Net Income (GAAP)
2.
Adjustments:
Corporate Taxes
Depreciation of property and equipment
Amortization of internal use software
Stock-based compensation
Interest and amortization on non-funding debt
Change in fair value of warrants
Change in fair value of bifurcated derivative
Adj. EBITDA
($ in millions)
Net Income (GAAP)
Adjustments:
Stock-based compensation
Change in fair value of warrants
Change in fair value of bifurcated derivative
Amortization of bifurcated derivatives and beneficial conversion feature 2
Adj. Net Income
1.
1. The Company's presentation of financial and operating metrics for the year ended December 31, 2020 included in this presentation are preliminary and
unaudited and subject to change in connection with the completion of the Company's year-end close procedures and further review, including the audit
currently underway by the Company's independent registered public accounting firm. Actual results may differ as a result of the completion of the
Company's year-end closing procedures, audit adjustments, and other developments that may arise between now and the time such financial information
for the year ended December 31, 2020 is finalized. Figures presented here may ultimately differ from potential future disclosures in public filings
Relates to amounts for the amortization of the beneficial conversion feature ("BCF") and bifurcated derivative debt discounts as well as the derecognition of
the remaining unamortized BCF and bifurcated derivative debt discounts upon conversion of the Convertible Notes
2019A
($67.6)
$0
1
3
1
1
($61.3)
2019A
($67.6)
$1
($66.6)
2020A 1
$184.9
$34
3
6
21
58
10
(37)
$281.1
2020A ¹
$184.9
$21
10
(37)
49
$227.7
2021E
$52.7
$44
5
17
70
22
$210.7
2021E
$52.7
$70
$122.9
2022E
$332.4
$168
9
42
138
25
$716.1
2022E
$332.4
$138
$470.8
2023E
$1,047.9
$455
18
80
234
25
$1,860.3
2023E
$1,047.9
$234
$1,281.4
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