Flow Capital Corp. · CSE:FW
Flow Capital — Grenville Strategic Royalty — Q1 2017 Earnings Presentation
13 slides from Flow Capital's earnings presentation, May 10, 2017
Slide 1: Grenville Strategic Royalty Corp. Q1 2017 Update
TSXV: GRC TSXV: GRC Grenville Strategic Royalty Corp. Three Months Ended March 31, 2017 2017 Q1 Update Quarter Ended March 31, 2016 May 10, 2017 Q1 2017 Update │May, 10, 2017 Grenville Strategic Royalty Corp. was recognized as a TSX Venture 50TM company in 2016. TSX Venture 50 is a trade-mark of TSX
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION TSXV: GRC This corporate presentation certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions o
Slide 3: Grenville Strategic Royalty Corp.
GRENVILLE STRATEGIC ROYALTY CORP. TSXV: GRC » Leading royalty investor focused on funding small and medium sized public and private businesses across Canada and the U.S. Leading Royalty » Non-dilutive capital servicing gap between traditional debt and equity sources of capital Investor » Target payb
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS TSXV: GRC Three months ended March 31, 2017 Financial Highlights » Q1 Royalty Payment Income of $1,333,228 down 46.8% compared to $2,505,602 in the same quarter in 2016 » Adjusted Q1 EBITDA(1) of $157,101 compared to $1,586,562 in the same quarter in 2016 » Free Cash Flow(1) of
Slide 5: Financial Snapshot
FINANCIAL SNAPSHOT TSXV: GRC Key Financial Metrics » Positive EBITDA(1) and Free Cash Flow (1) on the back of a diversified portfolio. Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Revenue Royalty payment income and interest on promissory 1,333,640 1,573,171 2,044,058 2,072
Slide 6: Core Revenues
CORE REVENUES TSXV: GRC Quarterly Revenue » The Core of the portfolio’s revenue stream, Royalty and Interest payment income slightly decreased quarter over quarter » $1.33 million of royalty and interest payment income represents 48% decrease year-over-year in Q1. » $3.35 million of royalty income a
Slide 7: EBITDA and Free Cash Flow
EBITDA and Free Cash Flow TSXV: GRC Adjusted EBITDA and Free Cash Flow » Adjusted EBITDA(1) of $157,101 compared to $1,586,562 in Q1 2016 » Free Cash Flow(1) of $52,232 compared to $(639,064) in Q1 2016. EBITDA(1) and Free Cash Flow(1) 6.0 5.0 2.4 2.2 4.2 4.0 4.0 3.7 CAD $ (Millions) 3.0 2.7 2.6 2.1
Slide 8: Portfolio Highlights
PORTFOLIO HIGHLIGHTS TSXV: GRC Portfolio Activity for Q1 2017 » Follow-on investment of $98,130 for Q1 2017 » $2.55m of investments made from the start of 2017 to today » Aggregate net value of acquired royalties and loans since inception » Two investments (BG Furniture and PFO) permanently written-
Slide 9: Portfolio Performance
PORTFOLIO PERFORMANCE TSXV: GRC Portfolio Performance » 41.3% return on the portfolio that relates to the go-forward strategy Portfolio IRR 50.0% 47.4% * * 41.3% 45.0% 40.0% 35.0% 32.1% 30.0% 25.0% 23.2% 21.2% 20.0% 17.6% 15.0% 8.5% 10.0% 3.8% 5.0% 0.0% 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 *
Slide 10: Portfolio Diversification
PORTFOLIO DIVERSIFICATION TSXV: GRC Fine-tuning the strategy Performance by Sector » Portfolio diversified across the industrial, industrial tech, tech, retail, and services sectors » Top performers all higher growth companies located in the tech, industrial tech sectors » Service-sector companies r
Slide 11: Historical Balance Sheet
HISTORICAL BALANCE SHEET TSXV: GRC Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 (unaudited) (audited) (unaudited) (unaudited) (unaudited) (audited) (unaudited) (unaudited) (unaudited) (audited) (unaudited) (unaudited) Assets Current Assets Cash and
Slide 12: Historical Income Statement
HISTORICAL INCOME STATEMENT TSXV: GRC As of Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 (unaudited) (audited) (unaudited) (unaudited) (unaudited) (audited) (unaudited) (unaudited) (unaudited) (audited) (unaudited) (unaudited) Quarterly Operating Re
Slide 13: Contact Us
CONTACT US TSXV: GRC For more information, please contact: Steve Parry CEO Phone: (416) 777-0322 Cell: (647) 295-6848 Email: steve@grenvillesrc.com Annie Theriault Managing Director Phone: (416) 477-2431 Cell: (647) 993-0019 Email: annie@grenvillesrc.com Robb McLarty Managing Director Phone: (416) 7
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