Westwood Holdings Group Inc · NYSE:WHG
Westwood — Merger or Acquisition (November 2022)
9 slides from Westwood's merger presentation, Nov 21, 2022
Slide 1: Westwood's Acquisition of Salient
1 Investing Where It Counts westwoodgroup .com Enhancing Capabilities Across U.S. Equity, Multi - Asset, Real Assets and Alternatives at an Attractive Valuation Westwood’s Acquisition of Salient
Slide 2: Salient Transaction | Highlights
2 Investing Where It Counts Attractive Valuation – Significant Year 1 EPS Accretion Is Expected ‒ Structured with back - end protection through prudent growth and revenue retention hurdles Adds Complementary, Highly Differentiated Investment Capabilities Expanding and Enhancing Westwood’s Multi - As
Slide 3: Energy Infrastructure, Tactical Equity, Real Estate, Private Investments
Energy Infrastructure Tactical Equity Real Estate Private Investments
Slide 4: Platform Overview | Transaction Creates a Distinctive Investment Management Platform
4 Investing Where It Counts LargeCap MidCap SmallCap AllCap SMidCap AUM: $4.0B Revenue: $31M AUM: $12.3B Revenue: $66M AUM: $16.3B Revenue: $97M Multi - Asset Multi - Asset Real Assets Credit Private Investments Liquid Alternatives U.S. Value Equity Diversifies the Westwood Product Footprint Strong
Slide 5: Salient | A Premier Multi-Team Alternative Asset Manager With a Deep Client Base
5 Investing Where It Counts Salient | A Premier Multi - Team Alternative Asset Manager With a Deep Client Base • Salient Partners, L.P. (“Salient”) is a Houston - based actively managed asset management firm; founded in 2002 • Additional office located in San Francisco • Current AUM is $4.0B • $31M
Slide 6: Salient | Strategy Highlights
6 Putting Clients First Salient | Strategy Highlights 1 3 2 4 Tactical Equity Real Estate Energy Infrastructure Total AUM: $2.1B x Well - known investment team based in Houston,15+ yr history ‒ Acquired by Salient in 2011; prior experience with Goldman Sachs and Merrill Lynch x Platformed and recomm
Slide 7: Transaction Rationale and Financial Impact
7 Investing Where It Counts Westwood prides itself on being a focused investment management boutique and wealth manager. Salient’s highly differentiated strategies serve as a strong complement to our U.S. Value and Multi - Asset product lineup. Immediately accretive to earnings with approximately 10
Slide 8: Forward-looking statements
8 Investing Where It Counts Statements in this presentation that are not purely historical facts, including, without limitation, statements about our exp ect ed future financial position, preliminary estimates, results of operations or cash flows, as well as other statements including, without limit
Slide 9: westwoodgroup.com
9 Investing Where It Counts westwoodgroup .com 200 Crescent Court, Suite 1200 Dallas, Texas 75201 T. 214.756.6900
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