FlexJet SPAC Presentation Deck slide image

FlexJet SPAC Presentation Deck

Framing the Flexjet Peer Set Representative Peers Considerations Valuation (peer median)(¹) Note: (1) Luxury Consumer Brands FLEXJET.COM HERMES PARIS $ LVMH BRUNELLO CUCINELLI Ferrari KERING Similar target market Strong pricing power Brand value importance Not contractual customer base 2022E EBITDA multiple: 14.7x 2023E EBITDA multiple: 13.4x This presentation does not mean to imply actual comparability in many respects. Public company filings and broker estimates from FactSet as of 10/4/2022. High-End Membership Travel VAIL RESORTS EXPERIENCE OF A LIFETIME" MARRIOTT VACATIONS WORLDWIDE Similar target market ▸ Membership based travel focused business models Established businesses with long-term track record ► 2022E EBITDA multiple: 11.3x 2023E EBITDA multiple: 10.0x 32 Asset-light Logistics DSV Expeditors > Network-based business models with scale. C.H. ROBINSON LANDSTAR Asset-light business model Experiencing tailwinds from the Pandemic Move freight versus individuals ► 2022E EBITDA multiple: 9.0x 2023E EBITDA multiple: 11.5x Subscription Models / Shared Economy NETFLIX Uber airbnb ► Subscription / recurring revenue business models Disruptive technologies High growth platforms Similar shared economy models ► 2022E EBITDA multiple: 21.3x ► 2023E EBITDA multiple: 19.1x
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