Covista Inc. · NYSE:CVSA

Covista — Adtalem Global Education — Merger or Acquisition (January 2022)

9 slides from Covista's merger presentation, Jan 25, 2022

  1. Slide 1: Financial Services Divestiture Supplemental Information, January 2022

    Financial Services Divestiture Supplemental InformationJanuary 2022Confidential

  2. Slide 2: Financial Services Divestiture Summary

    Financial Services Divestiture Summary Adtalem to sell its Financial Services segment for an aggregate purchase price of $1 Billion¹ in an all cash transactionTransaction Structure• Single Transaction: Adtalem has entered into a definitive agreement to sell its Financial Services portfolio to a cons

  3. Slide 3: A Platform of Unique and Leading Assets

    A Platform of Unique and Leading AssetsB2B / B2B2C Trainings and Recertification Cycles, a Powerful Recurring Revenue Model, Help Attract New Members and Reinforce Global Leadership Position Across Adtalem FSBUSINESS OVERVIEWHIGHLIGHTSKEY STATS• International membership organization dedicated to the

  4. Slide 4: Adtalem Delivered Strong Performance for Financial Services Assets

    Adtalem Delivered Strong Performance for Financial Services Assets Consistent double digit annualized growth on both the top and bottom line for Financial Services segment Transaction implies a ~20x multiple to LTM Sep 2021 segment Adjusted EBITDA*($ millions)LTM 9/30/17 LTM 9/30/18 LTM 9/30/19 LTM

  5. Slide 5: ACAMS Boasts Best Platform for Serving Clients' AML and AFC Needs

    ACAMS Boasts Best Platform for Serving Clients’ AML and AFC Needs • World’s leading membership organization for AFC professionals with over 160,000 community followers, largest of all its competitors • Top certification, training, information and analytics solutions • Comprehensive platform addressi

  6. Slide 6: Becker is a Leading Workforce Solutions Provider for Accounting and Tax Professionals

    Becker is a Leading Workforce Solutions Provider for Accounting and Tax Professionals• Global leader in CPA exam review driving student success for over 60 years • Expansion in product offerings to cover CMA exam review and continuing professional education (“CPE”) across multiple accounting and tax

  7. Slide 7: OCL is a Leader in Mortgage Lender Training

    OCL is a Leader in Mortgage Lender Training With an Expanding Presence in Banks, Credit Unions and Associations• Leading educational technology provider for GRC licensing and webinar solutions for banks and credit unions (“BCUs”), SBAs, mortgage industries and other financial services institutions •

  8. Slide 8: Appendix

    Appendix ADTALEM

  9. Slide 9: Financial Services Adjusted EBITDA Reconciliation of GAAP to Non-GAAP measures

    Financial Services Adjusted EBITDA Reconciliation of GAAP to Non-GAAP measures($ in million) LTM 9/30/17 LTM 9/30/18 LTM 9/30/19 LTM 9/30/20 LTM 9/30/21Net income (GAAP) (1) (2) Provision for income taxes Net other (income) expense Operating income (GAAP) Restructuring expense Operating income exclu

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