Tempo SPAC Presentation Deck
Overview of Organic Financial Performance¹
REVENUE ($) AND GROWTH RATE (%)
$ IN MILLIONS
EBITDA($) AND EBITDA MARGIN (%) ²
CAGR 23%
$ IN MILLIONS
CAGR 57%
$146
2021E
% GROWTH
3%
2
$62
2021E
% MARGIN
$178
2022E
22%
NON-GAAP GROSS PROFIT($) AND
GROSS MARGIN (%) ³
$ IN MILLIONS
CAGR 33%
$86
2022E
$220
48%
2023E
23%
$113
2023E
51%
$272
2024E
24%
$150
2024E
$331
55%
2025E
22%
$195
2025E
59%
$18
2021E
% MARGIN
12%
$36
2021E
UFCF CONVERSION
2022E
20%
$30
2022E
$58
85%
2023E
26%
$43
4,5
UNLEVERED FREE CASH FLOW($) AND UFCF CONVERSION (%) 4
$ IN MILLIONS
2023E
42%
Source: Management Projections.
Pro forma (PF) figures include the acquisitions of Compass AC Holdings, Inc. ("Advanced Circuits" or "AC") and Whizz Systems, Inc. ("Whizz Systems" or "Whizz") which are expected to close substantially concurrently with the SPAC business combination
and exclude estimates of additional future acquisitions.
1
$82
75%
2024E
30%
$64
2024E
77%
EBITDA and EBITDA margin exclude certain non-cash charges such as depreciation & amortization, interest income & expense, stock-based compensation and other one-time or non-recurring charges. For a reconciliation of EBITDA and EBITDA margin to
their most direct comparable GAAP measures, see the appendix. 2021 EBITDA excludes non-recurring transaction related expenses.
3
Non-GAAP gross profit and non-GAAP gross margin exclude non-recurring transaction related expenses incurred and forecasted in 2021.
4
Unlevered Free Cash Flow (UFCF) is defined as EBITDA less capital expenditures, cash taxes, and change in working capital. UFCF Conversion is defined as Unlevered Free cash Flow as a percentage of EBITDA.
5 These projections assume approximately $10M of annual capital expenditures.
6 Assumes Tempo's acquisition of Advanced Circuits and Whizz Systems closes December 31, 2021.
$110
2025E
33%
$82
2025E
74%
OCTOBER 2021 41
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