Re/max Holdings, Inc. · NYSE:RMAX
Re/max — Merger or Acquisition (June 2021)
10 slides from Re/max's merger presentation, Jun 4, 2021
Slide 1: RE/MAX Holdings, Inc. Announces Agreement to Acquire RE/MAX INTEGRA's North American Regions
RE/MAX Holdings, Inc. Announces Agreement to Acquire RE/MAX INTEGRA’s North American Regions June 2021
Slide 2: Forward-Looking Statements
Forward - Looking Statements This presentation includes “forward - looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 . Forward - looking statements are often identified by the use of words such as “believe,” “
Slide 3: RE/MAX, LLC to Acquire RE/MAX INTEGRA's North American Regions for $235M
RE/MAX, LLC to Acquire RE/MAX INTEGRA’s North American Regions for $235M Acquisition represents a significant growth opportunity and a key component to our long - range strategy 3 RE/MAX INTEGRA’s U.S. Operations includes 3 regions encompassing 9 states RE/MAX INTEGRA’s Canadian Operations includes
Slide 4: Operational Benefits: Speed, Scale, Growth & Opportunity
4 Operational Benefits Adding ~19,000 agents 1 to U.S. and Canadian Company - owned Regions Greater speed and consistency as well as an enhanced ability to scale Further solidifies RE/MAX’s #1 position in Canada; adds growth opportunities and experienced leadership 1 Agent count as of March 31, 2021
Slide 5: Capital Allocation Priorities and Financing Details
Acquiring Independent Regions Reinvesting to drive future organic growth Exploring other strategic acquisitions and partnerships Returning capital to shareholders Capital Allocation Priorities 5 Financing Details Once closed, leverage is expected to increase to a still - comfortable level of approxi
Slide 6: Financial Projections for First Year of Ownership
Financial Projections for First Year of Ownership 2021 guidance not being updated at this time as this transaction is subject to customary closing conditions 6 Once the transaction closes, in the first year of our ownership, we expect RE/MAX INTEGRA’s North American operations to generate: ▪ Revenue
Slide 7: Appendix
RE/MAX AOLDINGS_INC
Slide 8: Additional Financial Details
Additional Financial Details 8 1 Excludes revenue from the Marketing Funds. Additional Financial Details ▪ GAAP accounting rules will require RE/MAX INTEGRA’s North American regions’ deferred revenue balance related to franchise sales and renewals to not be recorded in the RE/MAX Holdings, Inc. fina
Slide 9: Non-GAAP Financial Measures
The SEC has adopted rules to regulate the use in filings with the SEC and in public disclosures of financial measures that ar e n ot in accordance with U.S. GAAP, such as Adjusted EBITDA and the ratios related thereto, Adjusted net income, Adjusted basic and diluted earnings per share (Adjusted EPS)
Slide 10: Adjusted Net Income and Adjusted EPS Definitions
Adjusted net income is calculated as Net income attributable to RE/MAX Holdings, assuming the full exchange of all outstandin g n on - controlling interests for shares of Class A common stock as of the beginning of the period (and the related increase to the provision for income taxes after such exc