Nerdy Investor Presentation Deck | Slidebook.io

Nerdy Investor Presentation Deck

August 2022, 43 slides

investor presentation chuck | Nerdy

disclaimer | Nerdy

large tam ripe for disruption leading direct to consumer platform for learning attractive unit economics scalable technology platform investment thesis network effects and data create deep competitive moat business is at an in point opening driving business acceleration creating positive change experienced entrepreneurial team | Nerdy

connecting learners experts | Nerdy

leading platform for live instruction subjects varsity tutors | Nerdy

live learning our personalized live platform is well positioned in the direct to consumer learning market of of learners think the quality of instruction is better recorded than it is live asynchronous learning i | Nerdy

adaptive self study adaptive self study small group classes one on one large group classes small group classes adaptive self study one on one large group classes a comprehensive learning destination a continuous format learning experience one on one adaptive self study small group classes large group classes | Nerdy

by the numbers total revenue total revenue growth gross margin active learner growth session growth paid learner score learners accessed free classes | Nerdy

second quarter product highlights invested in expanding subject breadth and the frequency of our small group class offering to drive growth and reach new audiences which resulted in small group class revenue increasing over year over year during the second quarter hosted over completing our in june integrated multiple formats into a singular offering for summer camps weaving together small group classes self study and large group classes into a really cohesive and engaging experience launched varsity tutors for schools a solution designed to help state educational agencies school districts and students overcome covid learning loss and accelerate learning by meeting the unique needs of every student with evidence based high dosage tutoring | Nerdy

learning digital transition is happening now at a faster rate than previous adoptions are more likely to use learning compared to a year ago plan to use learning services going forward | Nerdy

what sets us apart quality experts what we do we have built a sizeable network of top experts nationwide instruction is delivered through our platform reducing geographic limitations on quality experts in any subject why it matters expert quality is critical to delivering a great learning experience and building trust and credibility different compared to directories legacy brick and mortar | Nerdy

what sets us apart scaled selection what we do scaled quality live instruction available in subjects ability to identify and build supply of experts across thousands of topics why it matters learners can learn large number of subjects on our platform at any age experts instruct across multiple topics of different compared to narrow platforms that offer limited or sole subject breadth legacy brick and mortar live instruction subjects | Nerdy

what sets us apart personalized experience what we do personalization across multiple matching consultations unique learning pathways why it matters every learner is unique most education solutions teach to the average different compared to directories legacy brick and mortar powered learner expert matching | Nerdy

our two sided network learners and experts learners audience breakout high school college grad professional adult key segments competitive investing reactive remediation enrichment passion experts key motivations helping people learn supplemental income flexibility convenience typical occupations teacher professor working professional grad college student retirees self employed | Nerdy

multiple vectors to drive sustainable growth a i a i a targeted a international expansion product innovation i a self study large format classes small group classes professional test prep academic ere | Nerdy

strong expansion elapsed quarters elapsed quarters expansion driven by format engagement and higher consumption recent cohorts initial higher than historical periods cohorts surpassed in one quarter the of the same cohorts after quarters and demonstrate expansion momentum and durability elapsed quarters elapsed quarters | Nerdy

covid impact and recovery and beyond created short term challenges turn to we continue to be encouraged by the anticipated resumption of in person schooling in the fall for most students increased college and graduate school enrollment and the positive impact we anticipate these factors may have on our business we responded with innovation accelerated trend toward we our transition to delivering live instruction invested in new products integrated learning formats into single destination improved unit level economics and free cash consumers realized superior convenience quality and value of experience of | Nerdy

founder led seasoned management team with deep technology and direct to consumer experience | Nerdy

outlook | Nerdy

our monetization model free large group classes adaptive self study of free class sessions learning interactions typical order hours typical hour paid small group classes one on one | Nerdy

revenue growth rates yoy we built an agile and resilient business school and testing center closures related to the pandemic impacted the business throughout completed year transition to in new product innovation and increased adoption of learning drove cant growth in and in | Nerdy

gross pro margin gross margin improvements driven by product expansion shift toward improved margins growth in classes expected to produce future gross margin expansion may | Nerdy

investments in technology and drive sales expense of revenue operations expense of revenue efficiency | Nerdy

cash flow improvement through technology operational free cash flow year effort to improve unit level economics and free cash proven ability to become self sustaining in targeted investments in marketing and new talent across executive management engineering product data science and design drive new product innovation and growth yielding free cash in line with our forecast efficiency | Nerdy

continued momentum and strong growth active learners sessions sessions taught per active expert | Nerdy

and delivering results ahead of pace forecast total revenue gross pro revenue growth driven by learner and engagement growth as learners increasingly adopted our format approach to delivering personalized learning gross pro expansion driven by the adoption of one on one learning expansion across more subjects and more audiences like professional and learning differences and growth in our small group class format including summer camps | Nerdy

historical seasonality and pace forecast by quarter historical and forecasted quarterly seasonality as a of annual revenue annual revenue | Nerdy

pace forecast by quarter revenue growth driven by format strategy one on one strength provides durable base growth classes and professional offerings continue to grow rapidly as we scale targeted marketing investments extend reach to drive active learner growth cant investments in additional talent ensure remains at the forefront of innovation contributing to growth in and beyond a increases driven mainly by public company costs quarter | Nerdy

pace forecast rapid digital acceleration is expected to provide to support durable growth gross margins expansion driven by mix shift to and classes performance marketing coupled with big swing marketing investments expected to drive awareness and new customer acquisition strong unit level economics and focus on operational yield operating leverage improvements revenue growth with continued gross margin expansion projected to be adjusted positive in forecast | Nerdy

attractive long term growth and strong operating leverage revenue growth gross margin tech product a revenue adjusted margin long term targets long term opportunity for growth expected as shift to learning gains share over the coming decade and beyond | Nerdy

transaction overview | Nerdy

sources uses pro valuation sources uses illustrative post transaction ownership illustrative post transaction valuation illustrative | Nerdy

public direct to consumer learning platform asynchronous learning platform for adult learners consumer facing digital gig economy platform leading learning platform in north technology solutions purpose built for learning direct to consumer go to market similar gross margins leading asynchronous recorded lessons learning platform with global audience courses focused on continuing education large and expanding tams with low penetration leading digital services gig economy platform categories across diverse industry verticals large market opportunity with low penetration defining | Nerdy

operational | Nerdy

valuation | Nerdy

anticipated transaction march transaction agreement executed transaction announced event preliminary proxy materials filed with the sec analyst day august earnings release mail final proxy materials to pace shareholders set record date for pace shareholders vote hold pace shareholder vote and close transaction | Nerdy

financial appendix | Nerdy

quarterly unaudited annual | Nerdy

non reconciliations unaudited | Nerdy

illustrative fully diluted share count | Nerdy

thank you | Nerdy

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