Tempo SPAC Presentation Deck slide image

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 STRICTLY PRIVATE & CONFIDENTIAL
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