Skillsoft SPAC Presentation Deck
Introduction
($M)
ORDER
INTAKE
ADJ. GROSS
REVENUE(4)
ADJ. EBITDA
Strategy
ADJ. EBITDA
MARGIN
Content
NEW SKILLSOFT POSITIONED FOR GROWTH
$777
CY 2019A¹
$808
CY 2019A
$219
CY 2019A
Platform
27.1%
Go-To-Market
$669
CY 2020E
$686-$691
CY 2020F ²
$158-$163
CY 2020E
Finance
~23.5%
$660-$690
CY 2021E3
$645-$675
CY 2021E 3
$155-$175
Q&A
CY 2021E
3
24-26%
$710-$760
CY 2022E 3
$675-$725
CY 2022E
3
$180-$220
CY 2022E
3
26-30%
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●
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Order intake
o Percipio migration -> retention
improvement
o Sales realignment: focus on new business
GK stabilization
o Cross-sell driving new revenue and
retention
High single digit order intake growth in 2022
approaching industry growth rate
30-35% target long-term Adj. EBITDA margin
driven by revenue growth and operating
leverage
Note: Product level view of Order Intake / Revenue for Skillsoft Content and SumTotal. Reconciliation of non-GAAP financial measures provided in appendix.
1 CY2019A reflects 1/31/20A financials for Skillsoft and 9/27/19A for Global Knowledge.
2 CY2020E reflects preliminary estimates, which are subject to change - 1/31/21E financials for Skillsoft and 12/31/20E for Global Knowledge.
skillsoft Reflects FYE January 31st financials (eg., FYE 1/31/22E shown for CY2021E). CY2021E includes $15M of estimated cost synergies; CY2022E includes $25M of estimated cost synergies.
4 Global revenue reflects Gross Revenue.
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