The Baldwin Insurance Group, Inc. · NASDAQ:BWIN
The Baldwin Insurance — BRP Group — Q3 2019 Earnings Presentation
9 slides from The Baldwin Insurance's earnings presentation, Dec 4, 2019
Slide 1: Q3 2019 Earnings Supplement December 2019
Q3 2019 EARNINGS SUPPLEMENT DECEMBER 2019
Slide 2: Pro Forma Information and Non-GAAP Financial Measures
PRO FORMA INFORMATION AND NON-GAAP FINANCIAL MEASURES The pro forma information presented herein gives effect to the results of our 2019 and 2018 Partnerships during the unowned period as if the Company had acquired such Partners on January 1, 2019 and January 1, 2018, respectively. This unaudited p
Slide 3: Actual Disaggregated Commissions and Fees Revenue & KPIs
ACTUAL DISAGGREGATED COMMISSIONS AND FEES REVENUE & KPIS AMOUNTS IN 000’S 2019 1ST HALF Q3 YTD MIDDLE MARKET 1ST HALF Q3 YTD SPECIALTY 1ST HALF Q3 YTD MAINSTREET 1. Figure not in 000's. Represents total policies in force managed by our MSI Partnership. 3
Slide 4: Actual Disaggregated Commissions and Fees Revenue & KPIs: Medicare and Consolidated
ACTUAL DISAGGREGATED COMMISSIONS AND FEES REVENUE & KPIS AMOUNTS IN 000’S 2019 1ST HALF Q3 YTD MEDICARE 1ST HALF Q3 YTD CONSOLIDATED 2. Represents the aggregate revenues of acquired Partners for the most recent trailing twelve month period, in each case, at the time the due diligence was concluded.
Slide 5: Pro Forma Consolidated Adjusted EBITDA Bridge
PRO FORMA CONSOLIDATED ADJUSTED EBITDA BRIDGE AMOUNTS IN 000’S 2019 1ST HALF Q3 YTD 5
Slide 6: Calculation of Pro Forma Figures
CALCULATION OF PRO FORMA FIGURES AMOUNTS IN 000’S 2019 1ST HALF Q3 YTD 1. The adjustment reflects commissions and fees revenue for Lykes, MSI, Foundation Insurance and Fiduciary Partners, as well as two asset acquisitions for the unowned period, as if the Company had acquired the Partners on January
Slide 7: Pro Forma Consolidated Adjusted EBITDA Bridge 2018
PRO FORMA CONSOLIDATED ADJUSTED EBITDA BRIDGE AMOUNTS IN 000’S 2018 1ST HALF Q3 YTD 7
Slide 8: Calculation of Pro Forma Figures 2018
CALCULATION OF PRO FORMA FIGURES AMOUNTS IN 000’S 2018 1ST HALF Q3 YTD 1. The adjustment reflects commissions and fees revenue for AB Risk, Black Insurance, T&C Insurance and Montoya, as well as five asset acquisitions for the unowned period, as if the Company had acquired the Partners on January 1,
Slide 9: Treasury
TREASURY DEBT OUTSTANDING AVAILABLE FOR CASH RATE MATURITY INSTRUMENT @ 9.30.19 BORROWING INTERST LIBOR + 3.50% Revolving lines of credit (1) $ 105,000,000 $ 20,000,000 March 2024 $3,180,000 (5.59%) (2) Fully repaid Fully repaid $4,300,000 Related party debt $ 88,425,293 8.75% October 2019 October 2