Tempo SPAC Presentation Deck slide image

Tempo SPAC Presentation Deck

Reconciliation to EBITDA UNAUDITED $ IN MILLIONS T Revenue Trans Adj.² PF Revenue 2 3 4 Net Income Income Taxes Depreciation and Amortization Interest Expense Remeasurement of Convertible Debt Change in Fair Value of Warrants Other Expense Stock Based Compensation Other One-time Adjustments - COGS³ Other One-time Adjustments - SGA4 EBITDA EBITDA Margin Pro Forma 12 Months Ended 12/31/19 $146.2 ($0.9) $145.3 $3.0 $5.5 $4.9 $6.4 $0.6 ($1.4) $0.0 $1.3 $0.3 $0.5 $20.9 14.4% 12/31/20 $142.5 ($0.3) $142.3 $0.4 $2.9 $5.8 $6.7 $0.0 ($0.0) $0.0 $1.8 $1.2 $4.8 $23.6 16.6% Source: AC, Whizz Audited FY20 and FY19 financial statements; Tempo unaudited draft FY20 and FY19 financial statements; Management estimates 1 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. PF figures are adjusted to eliminate billings from Advanced Circuits to Tempo for purchase of product. Whizz Systems charges incurred of $0.3M (FY19) and $1.2M (FY20) for certain related party transactions which are considered non-recurring charges post combination. Whizz Systems charges incurred of $4.3M (FY20) for certain related party transactions and Advanced Circuits parent company management fee of $0.5M in each of FY19 and FY20, all of which are considered non-recurring charges post combination. OCTOBER 2021 51 STRICTLY PRIVATE & CONFIDENTIAL
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