{ "docId": "019de513-ddf3-76bb-88fa-3df1246dd8c1", "docSlug": "25d8bc93b23d2a2f9055195d0f0e39ad", "documentTitle": "Nerdy | Investor Presentation Deck | 43 slides", "authorId": "nerdy", "authorName": "Nerdy", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-08-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 30, "pageCount": 43, "prevPage": 29, "nextPage": 31, "slideType": "revenue_buildup", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 108, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de513-ddf3-76bb-88fa-3df1246dd8c1/30", "deckHref": "/decks/019de513-ddf3-76bb-88fa-3df1246dd8c1", "deckJsonHref": "/decks/019de513-ddf3-76bb-88fa-3df1246dd8c1.json", "deckAnchorHref": "/decks/019de513-ddf3-76bb-88fa-3df1246dd8c1#slide-30", "components": [ { "bbox": { "h": 0.03, "w": 0.119, "x": 0.853, "y": 0.92 }, "kind": "image", "text": "TPG nerdy", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3e9594e8-1bad-4850-be22-287cc545db53", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.66, "w": 0.209, "x": 0.755, "y": 0.179 }, "kind": "list", "text": "Revenue growth driven by multi-format strategy\nOne-on-one strength provides durable base growth. Classes and Professional offerings continue to grow rapidly as we scale\nTargeted marketing investments extend reach to drive Active Learner growth\nSignificant investments in additional talent ensure Nerdy remains at the forefront of innovation; contributing to growth in 2022 and beyond\nG&A increases driven mainly by public company costs", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ff38f21e-e3b3-4cbc-a985-a24fe6170aab", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.132, "x": 0.84, "y": 0.953 }, "kind": "source-note", "text": "© Nerdy / TPG Pace Tech Opportunities Corp. 2021", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7b844ed2-eac8-4e01-b9a3-5c8e54019064", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.06, "w": 0.72, "x": 0.039, "y": 0.914 }, "kind": "source-note", "text": "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. Actual (\"A\") quarterly and semi-annual financial information is unaudited.\n2. Other Income (Expense) in Q2 2021 reflects a one-time non-recurring gain of $8.4 million related to the forgiveness of a Promissory loan.\n3. Adjusted EBITDA (loss) is defined as net income or net loss, as applicable, before net interest income (expense), taxes, depreciation and amortization expense, non-cash compensation expense and other non-recurring items. Adjusted EBITDA is a non-GAAP financial measure.", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8574eab8-6021-4efc-876c-9bea2180c60b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.51, "w": 0.706, "x": 0.033, "y": 0.247 }, "kind": "table", "text": "$ in Millions\nQ1 2021F Q1 2021A Q2 2021F Q2 2021A Q3 2021F Q4 2021F H1 2021F H1 2021A 2021F\nTotal Revenue (100% Online) $ 32 $ 35 $ 28 $ 33 $ 35 $ 43 $ 60 $ 67 $ 138\n% YoY Growth 41% 50% 30% 52% 31% 30% 33%\nGross Profit $ 22 $ 23 $ 19 $ 21 $ 24 $ 31 $ 41 $ 45 $ 96\n% Margin 67% 68% 68% 65% 70% 71% 68% 66% 70%\n(-) Sales & Marketing Expense (14) (15) (12) (14) (16) (15) (26) (29) (57)\n(-) Operations & Fulfillment (3) (3) (4) (4) (4) (4) (7) (8) (14)\n(-) Tech & Product (3) (3) (4) (4) (4) (5) (7) (8) (17)\n(-) G&A (4) (7) (6) (6) (7) (7) (11) (13) (25)\nTotal Opex (11) (13) (14) (15) (15) (16) (25) (28) (56)\nOther Income (Expense) (1) (1) 7 7 0 0 6 6 6\nNet Income $ (4) $ (6) $ 0 $ (0) $ (7) $ 0 $ (4) $ (6) $ (11)\n% Margin (14%) (17%) 1% (1%) (19%) 0% (7%) (9%) (8%)\nAdjusted EBITDA $ (1) $ (0) $ (5) $ (5) $ (4) $ 3 (6) (5) $ (8)\n% Margin (4%) (1%) (16%) (15%) (12%) 6% (9%) (8%) (5%)", "attrs": {}, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a4f23c10-0cd7-4be0-9d8b-eed100f34366", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.66, "x": 0.039, "y": 0.08 }, "kind": "title", "text": "TPG Pace 2021 Forecast by Quarter¹", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "69d456ce-4764-4826-8023-d61e6704588a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "7cad135d-cd42-4585-a1d6-b94321218bfd", "evidence": "$ in Millions Q1 2021F Q1 2021A Q2 2021F Q2 2021A Q3 2021F Q4 2021F H1 2021F H1 2021A 2021F Total Revenue (100% Online) $ 32 $ 35 $ 28 $ 33 $ 35 $ 43 $ 60 $ 67 $ 138", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 32, "from": 21, "beatId": "ae15dfab-fbd6-4bb6-b7a0-b996791e2028", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Financials", "beatSlug": "sequoia-pitch-financials", "evidence": "Slides 21-32 present financial data, including traction, revenue buildup, and valuation benchmarking", "position": 5, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }