CorpAcq SPAC Presentation Deck slide image

CorpAcq SPAC Presentation Deck

$mm Compelling Cash Profile Should Provide a 3D Strong Capital Returns Story from Inception CorpAcq's strong cash generation aims to provide significant dividend capacity that is expected to grow with the portfolio Historical Adj. EBITDA Less CapEx(1) & Conversion Rate $84 $72 FY2020 68% Conversion Rate (%)(2) FY2020-FY2022 Average Conversion Rate: -65% $118 $105 FY2021 ■Adj. EBITDA Adj. EBITDA - Net CapEx 70% $129 $87 FY2022 56% Framework for Dividend Potential Run Rate EBITDA Average Conversion Rate(3) Capital Structure Costs CHURCHILL CAPITAL VII Strong Dividend Capacity Compelling Initial Dividend Yield Potential CorpAcq Driven by Organic + Acquisition-Driven Growth -65% Pro Forma Structure Provides Flexibility for Acquisition Funding Driven by Meaningful Existing Cash Flow Generation Attractive Yield to Peers Source: CorpAcq Management. Note: Financials based on UK GAAP audits and have not been audited in accordance with PCAOB standards. Adjusted EBITDA and net CapEx are Non-GAAP measures. See appendix for definition and reconciliation. Assumes USD:GBP exchange ratio of 1.286:1. (1) Net CapEx includes net cash spend for tangible assets and additions of tangible assets funded by hire purchases excluding for one-time CorpAcq Property purchases. (2) Conversion Rate % is Adj. EBITDA - CapEx / Adj, EBITDA. (3) Average Conversion Rate is based on the average conversion % from 2020-2022. 38
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