Skillsoft SPAC Presentation Deck
FINANCIAL OVERVIEW
($M)
Skills oft Order Intake:
Content
Sum Total
Total Skillsoft Order Intake
Global Knowledge Order Intake:
Classroom and All Other
Virtual and On-Demand
Total Global Knowledge Order Intake
Combined Order Intake
Skills oft Adj. Revenue:
Content
Sum Total
Total Skillsoft Adj. Revenue
Global Knowledge Adj. Revenue:
Classroom and All Other
Virtual and On-Demand
Total Global Knowledge Adj. Gross Revenue
Reseller Fees
Total Global Knowledge Adj. Net Revenue
Combined Adj. Gross Revenue
Combined Adj. Net Revenue
Skills oft Adj. EBITDA
Global Knowledge Adj. EBITDA
Combined Adj. EBITDA
Combined Adj. Net Income
CY2019A¹
1 CY2019A reflects 1/31/20A financials for Skillsoft and 9/27/19A for Global Knowledge.
2 LTM 10/31/20A reflects 10/31/20A financials for Skillsoft and 10/2/20A for Global Knowledge.
3 CY2020E reflects 1/31/21E financials for Skillsoft and 12/31/20E for Global Knowledge.
$347
138
$485
$175
116
$291
$777
$363
152
$514
$182
112
$294
(34)
$260
$808
$774
$185
35
$219
LTM 10/31/20A²
$341
126
$467
$93
132
$225
$692
$347
136
$483
$105
133
$237
(29)
$209
$721
$692
$157
23
$180
CY2020E3
$3345
124
$458
$626
148
$211
$669
$340-$3455
125-130
$470 - $475
$696
147
$216
(27)
$190
$686 - $691
$660 - $665
$140 - $145
18
$158 - $163
CY2021E4
$435 - $450
$225 - $240
$660 - $690
$430 - $445
$215- $230
(25) - (30)
$190 - $200
$645 - $675
$620 - $645
$155 - $175
$90 - $105
CY2022E4
$465 - $495
$245 - $265
$710-$760
$440 - $470
$235 - $255
(25)-(30)
$210 - $225
$675 - $725
$650 - $695
$180 - $220
$110-$145
Expect to finish toward
the upper end of
CY2020E ranges
4 Reflects FYE January 31st financials (e.g., FYE 1/31/22E shown for CY2021E). CY2021E includes $15M of estimated cost synergies; CY2022E includes $25M of estimated cost synergies.
5 Skillsoft Content includes $15M of order intake / revenue from services in CY2020E.
Estimate at
Announcement:
$625 - $650
Estimate at
Announcement:
$650 - $680
Note: CY2020E reflects preliminary estimates, which are subject to change. CY2020E decline primarily due to decline in classroom revenue at Global Knowledge as a result of COVID-19, customer churn from Skillsoft legacy platform, and other
impacts mainly attributable to COVID-19. Product level view of Order Intake / Revenue for Skillsoft Content and SumTotal. Reconciliation of non-GAAP financial measures provided in appendix.
Estimate at
Announcement:
$145 - $165
6 Other order intake / revenue within the Global Knowledge Classroom Training and Other line item is ~$20M in CY2020E.
7 Combined adjusted net income calculated as adjusted EBITDA minus estimated depreciation expense minus estimated interest expense minus estimated adjusted taxes at cash tax rate; combined adjusted net income excludes purchase price
amortization and all other items excluded from adjusted EBITDA.
skillsoft
67View entire presentation