Radiant Logistics, Inc. · AMEX:RLGT
Radiant Logistics — Investor Presentation (November 2012)
20 slides from Radiant Logistics's investor presentation, Nov 26, 2012
Slide 1: Radiant Logistics (NYSE MKT: RLGT) November 2012
(NYSE - MKT: RLGT) November 2012
Slide 2: Forward-looking statements
Page 1 This presentation may include forward - looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934. We have based these forward - looking statements on our current expectations and projections about fut
Slide 3: Our Mission
Page 2 Our Mission To build a global transportation and logistics company through organic growth and the strategic acquisition of best - of - breed non - asset based transportation and logistics providers.
Slide 4: Overview
Page 3 Overview
Slide 5: What We Do
Page 4 What We Do Non - Asset based 3 rd Party Logistics Provider (3PL) As we don’t own the transportation assets, our ongoing CAPEX requirements are minimal Providing domestic and international transportation and logistics services Shipments are generally larger than shipments handled by integrated
Slide 6: Background
Page 5 Background In October of 2005, we launched Radiant Logistics, Inc. as a public company (OTC:RLGT) and in January of 2006, we acquired 100% of the stock of Airgroup Corporation, then generating +/ - $50.0M in domestic and international freight forwarding revenues through a network of 34 exclus
Slide 7: Investment Highlights
Page 6 Investment Highlights Strong management team with significant inside ownership (+/ - 30%) Incentive to create shareholder value Significant financial flexibility with over $13.0M in capacity on the senior facility and access to additional capacity through our sub - debt facility Recently file
Slide 8: Strategic Direction – The "Gray Tail"
Page 7 Strategic Direction – The “Gray Tail” Structural changes resulting from industry deregulation (1) and the natural “graying” of industry pioneers provides an opportunity to support the logistics entrepreneur in transition Uniquely positioned to bring value to the logistics entrepreneur Leverag
Slide 9: The Network
Page 8 The Network
Slide 10: The Radiant Brands
<< The Radiant Brands RADIANT, RADIANT, cen [ 1 AIRGROUP 2LFosmsvnov ava [ARADIANT LOGISTICS COMPANY euneomecianrer RADIANT, ae RADIANT
Slide 11: Radiant's North American Footprint
Page 10 Radiant’s North American Footprint Seattle/Bellevue, WA - HQ – Atlanta, GA – Baltimore, MD ** – Burbank, CA – Boston, MA – Chicago, IL – Cincinnati, OH – Cleveland, OH – Columbus, OH – Charlotte, NC – Charleston, SC – Chicago, IL – Dallas, TX – Denver, CO – Detroit, MI** – Dulles, VA – Eugen
Slide 12: Profitable Growth
Page 11 Profitable Growth CAGR = 34.2% CAGR =40.4%
Slide 13: Scalable Technology Platform
Page 12 Scalable Technology Platform Fulfillment/Order Mgmt Intransit Visibility Transportation Management Int’l Trade Compliance Warehouse Management Web Portal (Unified User Interface) SAP Accounting Package Radiant enjoys a robust proven technology platform that can support its growth.
Slide 14: Financial Highlights
Page 13 Financial Highlights
Slide 15: Normalized Earnings Power
Page 14 Normalized Earnings Power (1) Actual results for the fiscal year ended June 30, 2012 includes only 7 months of operations for ISLA International, Ltd. and only 4 months of operations for Brunswicks Logistics, Inc. (d/b/a ALBS) 203,820$ 297,003$ 297,003$ 339,000$ 2,852$ 1,901$ 1,901$ 3,464$ 2
Slide 16: Understanding our Debt
Page 15 Understanding our Debt Amount Senior Credit Facility 8.00$ Check Float 5.7 Revolving Credit Balance 13.7 Subordinated Debt 10.0 Original Issue Discount (1.0) Debt Issuance Costs (0.6) Subordinated Debt, net 8.4 Other Debt DBA Seller Note 1.5 DBA Integration Payment 1.8 Adcom Earn-Out 0.8 Cap
Slide 17: Valuing Our Stock – EBITDA
Page 16 Valuing Our Stock – EBITDA (Dollars in Millions) @8x @10x @12x Run-Rate EBITDA 12.0 12.0 12.0 Valuation Multiple (8x-12x) 8x 10x 12x Enterprise Value 96.0 120.0 144.0 Less: Debt (28.4) (28.4) (28.4) Equity Value 67.6 91.6 115.6 Fully Diluted Outstanding 35.0 35.0 35.0 Price per Share 1.93$ 2
Slide 18: Contract Logistics Customs Brokerage Truck Brokerage Intermodal (IMC) Forwarding Agent based Forwarding Networks Agent
Page 17 Contract Logistics Customs Brokerage Truck Brokerage Intermodal (IMC) Forwarding Agent based Forwarding Networks Agent Conversions Acquisition Verticals Free - Standing Forwarders
Slide 19: Leveraging the Platform to Drive Shareholder Value
Page 18 Leveraging the Platform to Drive Shareholder Value (Dollars in Millions) @10x Acquistion Pro Forma Synergies Run-Rate EBITDA 12.0 5.0 17.0 1.0 18.0 Valuation Multiple (8x-12x) 10x 10x 10x Enterprise Value 120 170 180 Less: Debt (28.4) (25.0) (53.4) (53.4) Equity Value 91.6 116.6 126.6 Fully
Slide 20: Thank You
Page 19 THANK YOU It’s the Network that Delivers! ®
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