Aventus Capital Inc. · TSXV:AVTS
Aventus Capital — The Westaim — Q1 2025 Earnings Presentation
20 slides from Aventus Capital's earnings presentation, May 14, 2025
Slide 1: Q1 2025 Investor Presentation
Q1 2025 Investor Presentation May 14, 2025
Slide 2: Disclaimer
Disclaimer Safe Harbour Statement This document and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part either directly or indirectly without the prior written consent of each of The Westaim Corporation (“Westaim” or the “Corporation” or t
Slide 3: Disclaimer
Disclaimer Safe Harbour Statement Supplementary financial measures concerning the Arena FINCOs and Arena (the “Arena Supplementary Financial Measures”) contained in this presentation are unaudited and have been derived from the unaudited financial statements of Arena FINCOs and Arena for the quarter
Slide 4: Important Disclosures
Important Disclosures Non-GAAP Measures Westaim Westaim reports its interim consolidated financial statements using Generally Accepted Accounting Principles (“GAAP”) and accounting policies consistent with IFRS. Westaim uses both IFRS and non-generally accepted accounting principles (“non-GAAP”) mea
Slide 5: Important Disclosures
Important Disclosures Arena With respect to the section on Arena the information therein is being provided solely in relation to the management company and the investment manager, including their funds, subsidiaries and affiliates. Returns shown are unaudited. Past performance is not indicative or a
Slide 6: Q1 2025 Highlights: Preparing for Launch
Q1 2025 Highlights: Preparing for Launch Q1 2025 net loss attributable to Arena (100%) was Q1 2025 net loss was $0.1 million compared to Q1 2025 net loss was $7.4 million compared to Q1 $1.5 million for Q1 2025 compared to net income of $1.2 Q1 2024 net income of $1.2 million 2024 net profit of $23.
Slide 7: Westaim Summary Q1 2025 Operating Results
Westaim Summary Q1 2025 Operating Results Three months ended Westaim’s loss and comprehensive loss for Q1 2025 was March 31 $7.4 million ($0.34 diluted loss per share) compared to a profit (Amounts in millions of US$ except per share data) 2025 2024 and comprehensive income of $23.3 million ($1.02 d
Slide 8: Westaim Summary Q1 2025 Statement of Financial Position
Westaim Summary Q1 2025 Statement of Financial Position As at March 31, 2025 December 31, 2024 March 31, 2024 Book value per fully diluted share decreased $0.32 (-1.4%) to (Amounts in millions of US$ except per share data) $22.56 at March 31, 2025 from $22.88 at December 31, 2024; Assets Book value
Slide 9: Westaim Diluted (Loss) Earnings per Share: Three months ended March 31, 2025
Westaim Diluted (Loss) Earnings per Share (US$): Three months ended March 31, 2025(1) $0.09 $(0.34) $(0.35) $(0.04) $0.07 $(0.11) Loss from Salem Group Loss from Professional fees Total net other holding Income tax recovery Loss per fully diluted EPS Incubation Expenses Arena Investors company incom
Slide 10: Westaim Book Value per Share: Three months ended March 31, 2025
Westaim Book Value per Share (US$): Three months ended March 31, 2025(1) $23.00 $22.90 $22.88 $22.80 $22.70 $22.60 $0.02 $22.56 $0.09 $22.50 $(0.35) $0.07 $(0.04) $22.40 $(0.11) $22.30 $22.20 $22.10 Fully diluted Loss from Salem Loss from Professional fees Total net other Income tax Other, net Fully
Slide 11: AIGH is a global financial institution with over 200 people in 8 global offices
All data is as of March 31, 2025 unless otherwise specified AIGH is a global financial institution with over 200 people in 8 global offices including its affiliates, complemented by an extensive network of joint venture partners, operating in over 20 countries.
Slide 12: About Arena
About Arena 12 • Institutional investment manager focused on both public and private fixed income investments with over 180 people, inclusive of sourcing, underwriting, surveillance, workout, operational ABOU T AREN A ( 1 ) improvement and extensive financial / operational infrastructure. $4.1B • Br
Slide 13: Differentiated Approach Proven Performance
Arena – Key Highlights 13 • Arena is a growing global financial institution • Mandate flexibility and diversification contribute to consistency across cycles • Proprietary sourcing and global infrastructure with a focus on smaller-sized transactions Differentiated Approach • Servicing and systems th
Slide 14: Q1 2025 Results
Arena – Q1 2025 Quarterly Results Highlights 14 Three months ended March 31 (dollars in millions) 2025 2024 Q1 2025 Results: Arena Investors • Net income for Q1 2025 was a loss of $1.5 million (Q1 2024: profit Management fees $ 6.5 $ 7.3 of $1.2 million) Asset servicing fees 2.3 2.9 Other income 0.8
Slide 15: Investment vehicles
Arena – Investment vehicles (1) 15 $ 4 . 1 B A U M A N D P R O G R A M M AT I C C A P I T A L ( 2 ) Permanent Capital (Arena FINCOs) E X C E S S CAPAC I T Y OPP O R TU N I TIE S • Arena Finance • Arena Origination Company $1.0B A R E N A F U L LY D I V E R S I F I E D Open-ended Evergreen Funds New
Slide 16: Investing: Performance & Deployment
Arena – Investing: Performance & Deployment 16 • The following table presents the performance data for Arena’s drawdown funds and accounts: As of March 31, 2025 Year of AUM and Original Capital Capital Invested Realized Unrealized Total Net Net Primary Investment ($ in millions) inception Programmat
Slide 17: Investing: Performance & Deployment
Arena – Investing: Performance & Deployment 17 • The following table presents the performance data for Arena’s significant open-ended funds and Stable Income strategies: As of March 31, 2025 Net Returns (%) AUM and Quarter-to-date Year-to-date Since Inception Primary Investment Strategy Year of ince
Slide 18: Investing: Performance & Deployment
Arena – Investing: Performance & Deployment 18 • The following table presents the performance data for the significant Stable Income funds in Harvest: As of March 31, 2025 Net Net Year of AUM and Original Capital Capital Invested Realized Unrealized Total MOIC2 IRR Primary Investment ($ in millions)
Slide 19: Arena – AUM and Programmatic Capital Through April 1, 2025
Arena – AUM and Programmatic Capital Through April 1, 2025 19 • AIGH’s assets under management (including undrawn commitments) and Programmatic Capital were $4.1B1 at April 1, 2025. • From December 31, 2015, to April 1, 2025, AUM and Programmatic Capital has grown at a CAGR of ~37%. Arena – AUM and
Slide 20: Westaim
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