Within the video, Matt Cutts explains that around 1 out of 100 searches carried out on Google are affected by slow page speed and this amounts to roughly 1 in every 1000 websites that have an issue with site speed.
If your website is slow then Google isn't the only one who will potentially penalise it, as your site visitors are unlikely to wait around either, which will directly affect the number of enquiries or sales that you receive.
Here is the Matt Cutts video in full.
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