Slide 1: Investor Presentation August 2025
Investor Presentation August 2025
Slide 2: Additional Information and Where to Find It
Additional Information and Where to Find It This presentation may be deemed to be solicitation material in respect of the proposed acquisition of the Company by Breeze Merger Corporation. In connection with the proposed transaction, on August 8, 2025, the Company filed a definitive proxy statement w
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and further include, without limitation, statements reflecti
Slide 4: Executive Summary
Executive Summary As of May 2025, TaskUs’ share price was down ~54% from post-IPO levels ? At the time of the IPO, the Company and sector were trading in the low teens; since the introduction and proliferation of AI, both have re-rated down to low single digits TaskUs operates in outsourcing service
Slide 5: Prior to Transaction Announcement, TaskUs Had Traded Down Significantly From Post-IPO Levels
Prior to Transaction Announcement, TaskUs Had Traded Down Significantly From Post-IPO Levels ($) Post IPO 1 Unaffected (5/8/25) Delta (%) 400% 2 TEV / NTM Adj. EBITDA TEV / NTM Adj. EBITDA Share Price 3 TaskUs 22.5x 5.7x (75%) (54%) Down 54% vs. first day closing price post-IPO CX Peer Median 4 14.8
Slide 6: Peers Have Traded Down Since Transaction Announcement
Peers Have Traded Down Since Transaction Announcement Significant uncertainties from AI continue to pressure sector ($ in millions) June 18, 2025 May 9, 2025 Teleperformance cut revenue June 26, 2025 July 30, 2025 150% TaskUs take-private and margin outlook despite AI- Concentrix Q2’25 earnings anno
Slide 7: Overview of TaskUs' Business Segments
Overview of TaskUs’ Business Segments TaskUs provides outsourced digital services and customer experience, primarily serving high-growth technology companies including social media, e-commerce, and food delivery and ride-sharing % 2024A Segment Description Potential Impact of AI Revenue High Potenti
Slide 8: TaskUs' Customers and Competitors Are Investing Heavily in AI
TaskUs’ Customers and Competitors Are Investing Heavily in Historic Customers Competitors ? “We haven’t done as good of a job as 2025E CapEx: $66-72B (+$30B YoY) Made “thoughtful investments” in some of the private companies in technology, team and business to ensure doing some of this expert data “
Slide 9: The Special Committee Reviewed Two Cases of Management Projections
The Special Committee Reviewed Two Cases of Management Projections in Connection With the Transaction The transaction is fair based on expected earnings trajectory of the Company and no impact from AI No Impact from AI With Impact from AI Case A Case B CAGR CAGR FYE Dec 31, 2025E 2026E 2027E 2028E ‘
Slide 10: The Special Committee Also Reviewed TaskUs Q1'25 Estimates vs. Actuals
The Special Committee Also Reviewed TaskUs Q1’25 Estimates vs. Actuals ($ in millions) TaskUs management has consistently beaten consensus revenue estimates with mixed-to-modestly positive market reaction Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Actual $235 $229 $226 $234 $227 $23
Slide 11: Special Committee Negotiated Improved Value, Terms and Certainty
Special Committee Negotiated Improved Value, Terms and Certainty Over approximately two months, the Special Committee held 12 formal meetings (plus numerous informal discussions) to evaluate the offer and potential alternatives 1 Buyer Group’s 2 Special Committee’s 3 Buyer Group’s 4 Special Committe
Slide 12: $16.50 Per Share Offers Fair Value and Certainty For Minority Shareholders
$16.50 Per Share Offers Fair Value and Certainty For Minority Shareholders $16.50/share proposal price represents ~7.4x LTM Adj. EBITDA1 vs. transaction multiple median of ~5.9x Proposal Represents ~7.4x LTM Adj. EBITDA1 (vs. transaction multiple median5 of ~5.9x) and $20.20 % Premium at ~6.4x NTM C
Slide 13: Conclusion
Conclusion $16.50 per share all-cash offer delivers significant value and certainty for TaskUs’ minority shareholders amidst an uncertain environment that continues to be impacted by AI The CX sector and peers continue to underperform amidst continued pressure from AI-related uncertainties. TaskUs’
Slide 14: Appendix
Appendix
Slide 15: TaskUs Valuation, S1 and Research Peers Have Traded Down Since Announcement
TaskUs Valuation, S1 and Research Peers Have Traded Down Since Announcement TaskUs Date Price Premium at $16.50 Proposal Current $16.50 Unaffected 30D VWAP 5/8/25 $13.06 26.3% Median Total Shareholder Based on Unaffected 30D VWAP Peer Set 1 Return: May-8 to Aug-15 Implied Current TASK Price2 Premium
Slide 16: Trading Multiples Analysis
Trading Multiples Analysis 2025E TEV / Adj. EBITDA1 (May 8th) 2025E TEV / Adj. EBITDA1 (Aug 15th) Customer Experience Median: 5.2x Customer Experience Median: 5.1x 6.1x 6.3x $3.82 5.8x $14.38 5.3x 5.3x 6/12/25: Telus Corp 4.7x $28.76 5.1x 5.2x 5.1x $2.65 $25.66 Submitted Non-Binding $84.89 $103.71 $
Slide 17: Transaction Multiples
Transaction Multiples ($ in millions, except per share data) Total Enterprise TEV / Date Announced Acquirer Target Value LTM Adj. EBITDA 1 6/12/25 Telus Corporation Telus Digital $2,096 5.8x 2 3/1/24 Founder & Group TDCX 685 5.2 3 10/10/23 Capital Square Partners Startek 217 5.9 4 4/26/23 Teleperfor