Alti Global, Inc. · NASDAQ:ALTI
Alti Global — Alvarium Tiedemann Holdings — Investor Presentation (February 2023)
45 slides from Alti Global's investor presentation, Feb 13, 2023
Slide 1: Investor Presentation | February 2023
Exhibit 99.1 Investor Presentation | February 2023 A Allv var ariiu um m T Tiied edem eman ann n | | A AllT Tii 1 1
Slide 2: Disclosures
Disclosures This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist interested parties in evaluating Alvarium Tiedemann Holdings, Inc. (along with its consolidated subsidiaries, “Alvarium Tiedemann” or the Company
Slide 3: Disclosures (Cont.)
Disclosures (Cont.) Financial Information The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated under the Securities Act. Accordingly, such information and data may not be included in, may be adjusted in or may be presented
Slide 4: 01. About AlTi 02. Market Landscape 03. Business Highlights 04. Financial Highlights 05. Governance
01. About AlTi 02. Market Landscape 03. Business Highlights 04. Financial Highlights 05. Governance 06. Transaction Overview Alvarium Tiedemann | AlTi London | New York | Paris | Milan | Lisbon | Isle of Man | Zurich | Baar | Geneva | Lugano | Washington D. C. | Wilmington | Seattle | Portland | San
Slide 5: 01. About AlTi
01. About AlTi Alvarium Tiedemann | AlTi 5
Slide 6: AlTi at a Glance
AlTi at a Glance Delivering transformational ideas that create enduring value $60B 450+ $5.6B 20+ $2.4B (1) Assets Under Advisement Professionals with diverse Committed to Impact Year operating history Invested alongside clients (1) (AUM/AUA) experience & expertise strategies Global footprint with p
Slide 7: Strategic Underpinnings of AlTi
Strategic Underpinnings of AlTi One ecosystem delivering innovative, world-class wealth and asset management solutions $39B - Wealth Management $21B - Asset Management Investment Advisory Alternatives Platform $60B Trust, Fiduciary & Administration Real Estate – Public & Private AUM/AUA Family Offic
Slide 8: Comprehensive Platform
Comprehensive Platform Well-positioned to meet the diverse needs of an expanding client base Global Wealth Management Global Asset Management Global Alternative Boutique AlTi Global Banks Family Offices Managers Investment Firms Global Presence Comprehensive Capabilities Alignment with Clients Custo
Slide 9: Investment Highlights
Investment Highlights Uniquely positioned between global family office solutions and alternative asset management Strong, performing businesses Large and growing addressable market Established reputation in the market Both in asset and wealth management Global footprint Recurring and diversified rev
Slide 10: Expected Financial Drivers
Expected Financial Drivers Well-defined path with a clear trajectory for growth Stable recurring revenue foundation across both asset and wealth management 01. Topline Growth Topline growth fueled by new partnerships Revenue diversification through emerging strategies and solutions Economies of scal
Slide 11: 02. Market Landscape
04. Portfolio Construction 02. Market Landscape Alvarium Tiedemann | AlTi 11
Slide 12: Expanding Market Opportunities
Expanding Market Opportunities Powered by multi-decadal trajectories Large, Expanding Market Generational Wealth Transfer Shifting To Independence (1) Growth of Global Wealth (2021-2026P) U.S. Wealth Transfer (2018-2042P) U.S. Independent Advisor AUM/AUA (2014-2024P) $Trillions $Trillions $5.5 $609
Slide 13: Global, Growing Client Base
Global, Growing Client Base Serving evolving client priorities Global Demand for Alternatives Across Generations With Impact Priority Alternative AUM/AUA Growth and Forecast (2011-2026P) Alt. Asset Exposure by Demographic (2021-2024P) Relevance of ESG Factors $Trillions Considers ESG factors Private
Slide 14: 03. Business Highlights
03. Business Highlights Alvarium Tiedemann | AlTi 14
Slide 15: One Platform Approach
WM AM One Platform Approach Serving complementary and attractive industries Asset Management Wealth Management • Stable fee rates generating a robust • Strong investor demand, particularly in recurring revenue stream private and real asset markets, driving strong fundraising growth • Consistent, sol
Slide 16: AlTi Wealth Management – Highlights
WM AM AlTi Wealth Management – Highlights Resilient and expanding global client base $39B Scale AUM/AUA, $ Billions AUM/AUA as of 3Q22 $41 $39 $36 11 Global presence $32 Countries with AlTi offices Significant portion 97% of management/advisory fee revenues recurring fees 95% High client retention A
Slide 17: Wealth Management – Holistic Solutions
WM AM Wealth Management – Holistic Solutions Combining the services of a family office with the depth of a world-class, global institution Investment Advisory & Impact Estate & Wealth Planning Customized risk-adjusted portfolios Implementation and management Bespoke AlTi Team Expertise curated from
Slide 18: AlTi Asset Management – Highlights
WM AM AlTi Asset Management – Highlights Differentiated provider of public and private market solutions serving growing alternatives market AUM/AUA, $ Billions $21B Scale $21 AUM/AUA as of 3Q22 $20 $17 $15 Significant portion 58% of management/advisory fee revenues recurring fees $1.3B Alignment wit
Slide 19: Asset Management – Platform Breakdown
WM AM Asset Management – Platform Breakdown Global network of capabilities built on an end-to-end support platform 1980 2009 2011 2017 Alternatives Platform Real Estate – Private Markets Merchant Banking Real Estate – Public Markets (1) Four fund strategies Direct investments – 27 equity and 21 debt
Slide 20: Asset Management: Alternatives Platform
WM AM Asset Management: Alternatives Platform Stable returns against volatile market backdrops o UK main market listed REIT th o 6 largest REIT in UK o Market Cap: £2.1B/U.S.$2.4B o Total Return Since IPO (2/27/17): +61% Performance of LXi REIT LXI +61% FTSE 250 +6% 3/31/17 9/30/17 3/31/18 9/30/18 3
Slide 21: Asset Management Performance
WM AM Asset Management 1 World-class performance and uncorrelated returns European Equities TIG Arbitrage TIG MSCI HFRI Euro MSCI HFRI Arbitrage Equities AlTi AM European Purchase Date Annualized 6.6% 5.9% 4.3% Annualized 12.4% 4.7% 4.3% Equities +92% TIG Arbitrage Performance Performance +97% Volat
Slide 22: Clear Value Creation Roadmap
WM AM Clear Value Creation Roadmap AlTi ecosystem presents significant growth opportunities • Expand public and private real estate business geographic focus and product offering • Expand into complementary domestic and international markets New investment strategies & global presence • Provide clie
Slide 23: Demonstrated Track Record
WM AM Demonstrated Track Record Strategic acquisition and integration of asset managers & wealth managers Select AlTi M&A Examples Wealth Management Asset Management Illustrative Acquisition Criteria Illustrative Acquisition Criteria • Expand global footprint • Diversify management fee • Uncorrelate
Slide 24: M&A Will Continue to be a Key Driver of Growth
WM AM M&A Will Continue to be a Key Driver of Growth Compelling universe of opportunities Transacted AUM/AUA by Asset Class and Share Alternative Asset Management Industry $ Billions Traditional Alternatives Wealth Management Combined alternative and wealth management share of total transactions 83%
Slide 25: Our Impact
WM AM Our Impact Committed to serving our clients in an objective and transparent way We succeed together by managing our collective impact on the world. Responsible Investing • Multi-asset class portfolios generating quantifiable social & environmental outcomes • Embedded ESG evaluation throughout
Slide 26: 04. Financial Highlights
04. Financial Highlights Alvarium Tiedemann | AlTi 26
Slide 27: Stable and Profitable Performance
Stable and Profitable Performance Strong track record of growth and margin expansion Significant portion of Asset Growth Margin Expansion recurring revenue (1) (1) Combined Reported Revenue by Fee Type Year-End AUM/AUA Combined Economic EBITDA $Billions $Millions $Millions Margin Advisory Fees Incen
Slide 28: Our Long-Range Goals
Our Long-Range Goals Reflect continued execution of proven business model • Annual AUM/AUA growth rate High single-digit percentage • Annual Revenue growth rate Low-teens percentage (2) • Adjusted EBITDA margin Expansion to mid 30s (1) Growth rate represents long-term annual growth, on average and o
Slide 29: 3Q YTD Overview
3Q YTD Overview Stable topline amid a challenging market backdrop while margin is impacted by investments in public market readiness Asset Management Wealth Management 0% +10% -14% $171 $171 $163 +3% $50 $148 29% $60 $59 $43 $89 $91 $91 25% $21 $19 $88 $40 $39 $83 $80 $72 $60 3Q21 3Q22 3Q21 YTD 3Q22
Slide 30: Liquidity Metrics
Liquidity Metrics Existing Capital Structure (1) Pro-forma Capitalization – Pro-forma leverage of 1.9x based on Q3 2022 LTM Economic EBITDA (1) $Millions, unless otherwise stated Q3 2022 x EBITDA New Credit Facility – Closed January 3, 2022, in conjunction with business combination Cash and Cash Equ
Slide 31: 05. Governance
05. Governance Alvarium Tiedemann | AlTi 31
Slide 32: Board of Directors
Board of Directors Strong governance is at the foundation of our organization Governance Summary Board Independence and Diversity - Diversity of experience across financial services industry § Board comprised of representatives of independent directors (6), including Chairman of Cartesian Growth Cor
Slide 33: Board of Directors
Board of Directors Independent Board Directors Board Committees AlTi Board Representatives Committee Chair Audit, Finance & Risk Timothy Keaney Environmental, Social, Tracey Warson Kevin T. Kabat Timothy Keaney Judy Lee Governance & Nominating Michael Tiedemann Nancy Curtin Spiros Maliagros Former V
Slide 34: Experienced Leadership
Experienced Leadership Bringing a breadth of global industry experience Executive Team Michael Tiedemann Christine Zhao Kevin Moran Alison Trauttmansdorff Claire Verdirame Laurie Jelenek CEO Chief Financial Officer Chief Operations Officer Chief HR Officer Chief Marketing Officer Chief People Office
Slide 35: Our Commitment to Impact
Our Commitment to Impact Sustainable practices across corporate activities Our goal is generating sustainable financial returns with net positive impact. Our strategy and efforts are led by Chief Impact Officer, Jed Emerson. Culture at Core – Diversity, Equity & Inclusion is a matter of principle fo
Slide 36: Investment Highlights
Investment Highlights Uniquely positioned between global family office solutions and alternative asset management Strong, performing businesses Large and growing addressable market Established reputation in the market Both in asset and wealth management Global footprint Recurring and diversified rev
Slide 37: 06. Transaction Overview
06. Transaction Overview Alvarium Tiedemann | AlTi 37
Slide 38: Transaction Overview
Transaction Overview (1) Shareholder structure Transaction Structure § On January 3, 2023, TWMH, TIG Entities, Alvarium and Cartesian combined to become a publicly listed company. 6% 0.2% Legacy shareholders § The company is listed on Nasdaq under the ticker ALTI § The transaction, inclusive of the
Slide 39: Appendix
Appendix A Allv var ariiu um m T Tiied edem eman ann n | | A AllT Tii 39 39
Slide 40: Wealth Management
Wealth Management Collaborating with clients to create value as they define it Investment Advisory Family Office Trust, Fiduciary & Administration Maximize wealth over the long term by Offer tailored outsourced family office Ensure clients’ wealth is preserved, balancing risk and reward through solu
Slide 41: Asset Management
Asset Management Differentiated solutions across alternative strategies Alternatives Platform Real Estate – Public & Private Merchant Banking Align with the needs of institutional Select sub-sectors based on in-house Provide strategic advice, M&A investors by acquiring growth industry knowledge and
Slide 42: Footnotes Slide
Footnotes Slide 21 A description of the strategies is provided below: Past performance does not guarantee or indicate future results. The historical net performance presented above are provided from inception of each fund through September 2022 and are unaudited. TIG Arbitrage: The TIG Arbitrage str
Slide 43: Non-GAAP reconciliation
Non-GAAP reconciliation Combined Economic EBITDA Amounts in 000’s Year ended Nine months ended December 31, September 30, 2019 2020 2021 2021 2022 Combined Adjusted Net Income, Combined Adjusted EBITDA and Combined Economic EBITDA Net income before taxes 54.8 46.4 82.3 37.3 13.2 Equity settled share
Slide 44: Glossary
Glossary Assets Under Management and Assets Under Advisement. For financial presentation purposes, total assets under management and assets under advisement (“AUM / AUA”) of Alvarium Tiedemann consists of: (i) assets under advisement (“AUA”) and assets under management (“AUM”) of TWMH; (ii) AUM of T
Slide 45: Thank You
Thank You A Allv var ariiu um m T Tiied edem eman ann n | | A AllT Tii 45 45
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