zSpace, Inc. · OTC:ZSPC
zSpace — SPAC Merger (March 2023)
15 slides from zSpace's SPAC merger presentation, Mar 9, 2023
Slide 1: Investor Presentation – update to zSpace Financial Information
Private & Confidential Investor Presentation – update to zSpace Financial Information March 2023
Slide 2: Disclaimer
2 Disclaimer This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purpos es only to assist prospective purchasers in a private placement in making their own evaluation with respect to the proposed business combination (the “Business C
Slide 3: Forward Looking Information
3 Forward Looking Information Certain statements in this Presentation may be considered “forward - looking statements.” Forward - looking statements herein genera lly relate to future events or the future financial or operating performance of EdtechX , zSpace or the combined company expected to resu
Slide 4: Additional Information: Use of Projections
4 Additional Information Use of Projections This Presentation contains projected financial information with respect to zSpace . Such projected financial information constitutes forward - looking information, is for illustrative purposes only and should not be relied upon as being predictive of futur
Slide 5: Additional Information: Participants in the Solicitation
5 Additional Information Participants in the Solicitation EdtechX , zSpace and their respective directors and executive officers may be deemed participants in the solicitation of proxies from EdtechX’s stockholders with respect to the proposed Business Combination. A list of the names of EdtechX’s d
Slide 6: Company Snapshot
6 Company Snapshot Customer Base includes Each of the Top 10 US School Districts*** US Rank Students**** US zSpace Customer #1 984k New York City #2 634k Los Angeles Unified #3 378k Chicago Public Schools #4 357k Miami - Dade County #5 327k Clark County #6 272k Broward County #7 216k Houston ISD #8
Slide 7: Financial Projections – Organic Revenue
7 $27 $35 $46 $61 $8 $5 $8 $13 $35 $40 $54 $74 $- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 2022E 2023P 2024P 2025P US INTERNATIONAL TOTAL CAGR US: 30% INTL: 17% TOTAL: 28% ($mm) Revenues by Region 2022 – 2025 Financial Projections – Organic Revenue Note: Forward looking estimates are subject to chan
Slide 8: 2022 – 2025 Key Financial Projection Metrics
8 2022 – 2025 Key Financial Projection Metrics Note: Estimates are subject to change and only provided here as guidance. Actual figures may be materially different. Historical figures are unaudited. Annual Recurring Revenues (ARR) $9.2 $10.3 $15.7 $24.5 $0 $5 $10 $15 $20 $25 $30 2022E 2023P 2024P 20
Slide 9: Financial Projection Metrics – Profitability Increasing
9 2022 – 2025 Financial Projection Metrics – Profitability Increasing Gross Margin Adjusted EBITDA 1 ($mm) Note: Estimates are subject to change and only provided here as guidance. Actual figures may be materially different. Historical figures are unaudited. $(5.6) $(4.0) $(0.8) $5.3 $(8.0) $(6.0) $
Slide 10: Financial Projections – Revenue with Acquisition Opportunities
10 $28 $36 $47 $62 $8 $5 $8 $14 $36 $41 $55 $76 $- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 2022E 2023P 2024P 2025P US INTERNATIONAL TOTAL ($mm) Revenues by Region 2022 – 2025 Financial Projections – Revenue with Acquisition Opportunities Note: Forward looking estimates are subject to change and his
Slide 11: Appendix
Appendix zSpace {eee
Slide 12: Adjusted EBITDA Reconciliation
12 Adjusted EBITDA Reconciliation 2023 2022 ($5,358) ($8,349) EBITDA OPEX Adjustments: $350 $1,070 Legal preparation $300 Board Readiness $650 $1,623 Financial Reporting $50 Financial Reporting $1,350 $2,693 ($4,008) ($5,649) Adjusted EBITDA Note: Forward looking estimates are subject to change and
Slide 13: Risk Factors
13 Risk Factors Risks Related to zSpace’s Business and Industry Following the Business Combination • zSpace has a limited operating history at the current scale of its business and is still scaling up its monetization efforts, which ma kes it difficult to evaluate its current business and future pro
Slide 14: Risk Factors (Cont.)
14 Risk Factors (Cont.) Risks Related to Financial and Accounting Matters • zSpace’s operating results may fluctuate significantly, which makes its future results difficult to predict. • Certain of zSpace’s market opportunity estimates, growth forecasts and key metrics could prove to be inaccurate,
Slide 15: Risk Factors (Cont.)
15 Risk Factors (Cont.) Risks Related to the Business Combination • Public stockholders, together with any affiliates of theirs or any other person with whom they are acting in concert or as a “gr oup,” will be restricted from seeking redemption rights with respect to more than 15% of the public sha