Nerdy SPAC Presentation Deck slide image

Nerdy SPAC Presentation Deck

2. Attractive Long-Term Growth and Strong Operating Leverage Long-Term Targets¹ Revenue Growth Gross Margin Tech, Product & G&A % Revenue Adjusted EBITDA Margin² 2021F¹ 33% 70% 30% (5%) 2022F¹ 43% 71% 26% (2%) 2023F¹ 35% 72% 21% 5% 1. Forecast ("F") excludes or otherwise does not account for the following: (i) non-recurring expenses, including de-SPAC transaction expenses; (ii) the application of new accounting treatments associated with the de-SPAC transaction; (iii) the expense related to Unit Appreciation Rights ("UARS") held by Nerdy employees which will be converted into Stock Appreciation Rights ("SARS") in connection with the de-SPAC transaction; and (iv) the impact of any future non-cash compensation changes. Adjusted EBITDA excludes Non-Cash Compensation Expense and other Non-Recurring Items. Adjusted EBITDA is a non-GAAP financial measure. 25-30% 75-80% 15-20% 59 25-30% Long-term opportunity for growth expected as shift to online learning gains share over the coming decade and beyond STPG nerdy TECH OPPORTUNITIES Ⓒ Nerdy / TPG Pace Tech Opportunities Corp. 2021
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