ABCDEFGHIJKLMNOPQRSTUVWXYZ
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Equity Multiple4.8
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AlphaOmegaProforma
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ARR € 30.00 € 10.00 € 40.00
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Value € 144.00 € 48.00 € 192.00
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Debt to ARR50%
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Debt Avalible € 15.00 € 5.00 € 20.00
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Annual Amort € 6.67
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Debt Balance @ YE
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Y1 € 20.00
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Y2 € 13.33
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Y3 € 6.67
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Y4-€ 0.00
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Acquisition Cost
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Cash € 20
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Paper € 28
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Dilution from Cash13.89%
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Dilution from Equity19.44%
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Implied Dilution (Total)
33.33%
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Warrant Coverage (%)12%
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Warrant Coverage (€) € 2.40
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Venture Debt Warrant1.25%
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YoY Growth Rate50%
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(€M)Proforma ARRImplied EV*Cash on table
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EoY0 € 40 € 172 € 21.74
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EoY1 € 60 € 268 € 33.87
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EoY2 € 90 € 419 € 52.91
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EoY3 € 135 € 641 € 81.06
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EoY4 € 203 € 972 € 122.85
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*Net of Outstanding Debt
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Mulitple @ Exit6.0<<Assuming Multiples Increase
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(€M)Proforma ARRImplied EV Cash on table
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EoY0 € 40 € 220 € 27.81
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EoY1 € 60 € 340 € 42.97
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EoY2 € 90 € 527 € 66.56
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EoY3 € 135 € 803 € 101.53
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EoY4 € 203 € 1,215 € 153.56
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*Net of Outstanding Debt
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