Alti Global, Inc. · NASDAQ:ALTI
Alti Global — Investor Presentation (April 2023)
44 slides from Alti Global's investor presentation, Apr 20, 2023
Slide 1: Investor Presentation | April 2023
Exhibit 99.1 Investor Presentation | April 2023 AlTi Tiedemann Global 1
Slide 2: Disclosures
Disclosures This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist interested parties in evaluating AlTi Global, Inc. (along with its consolidated subsidiaries, “AlTi Global” or the Company ). About AlTi Global A
Slide 3: Disclosures (Cont.)
Disclosures (Cont.) Financial Information The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated under the Securities Act. Accordingly, such information and data may not be included in, may be adjusted in or may be presented
Slide 4: Agenda
01. About AlTi 02. Market Landscape 03. Business Highlights 04. Financial Highlights 05. Governance 06. Transaction Overview Tiedemann Global | AlTi London | New York | Paris | Milan | Lisbon | Isle of Man | Zurich | Baar | Geneva | Lugano | Washington D.C. | Wilmington | Seattle | Portland | San Fr
Slide 5: 01. About AlTi
01. About AlTi AlTi Tiedemann Global 5
Slide 6: AlTi at a Glance
AlTi at a Glance Delivering transformational ideas that create enduring value $1.9B $65B 470+ $3.8B 20+ Assets Under Advisement Professionals with diverse Committed to Impact Year operating history Invested alongside clients (AUM/AUA) experience & expertise strategies Global footprint with presence
Slide 7: Strategic Underpinnings of AlTi
Strategic Underpinnings of AlTi One ecosystem delivering innovative, world-class wealth and asset management solutions $43B - Wealth Management $22B - Asset Management Investment Advisory Alternatives Platform $65B Trust, Fiduciary & Administration Real Estate – Public & Private AUM/AUA Family Offic
Slide 8: Comprehensive Platform
Comprehensive Platform Well-positioned to meet the diverse needs of an expanding client base Global Wealth Management Global Asset Management Global Alternative Boutique AlTi Global Banks Family Offices Managers Investment Firms Global Presence Comprehensive Capabilities Alignment with Clients Custo
Slide 9: Investment Highlights
Investment Highlights Uniquely positioned between global family office solutions and alternative asset management Strong, performing businesses Large and growing addressable market Established reputation in the market Both in asset and wealth management Global footprint Recurring and diversified rev
Slide 10: Expected Financial Drivers
Expected Financial Drivers Well-defined path with a clear trajectory for long term growth Stable recurring revenue foundation across both asset and wealth management 01. Topline Growth Topline growth fueled by new partnerships Revenue diversification through emerging strategies and solutions Economi
Slide 11: 02. Market Landscape
04. Portfolio Construction 02. Market Landscape AlTi Tiedemann Global 11
Slide 12: Expanding Market Opportunities
Expanding Market Opportunities Powered by multi-decadal trajectories Large, Expanding Market Generational Wealth Transfer Shifting To Independence (1) U.S. Independent Advisor AUM/AUA (2014-2024P) Growth of Global Wealth (2021-2026P) U.S. Wealth Transfer (2018-2042P) $Trillions $Trillions $5.5 $609
Slide 13: Global, Growing Client Base
Global, Growing Client Base Serving evolving client priorities Global Demand for Alternatives Across Generations With Impact Priority Alternative AUM/AUA Growth and Forecast (2011-2026P) Alt. Asset Exposure by Demographic (2021-2024P) Relevance of ESG Factors $Trillions Considers ESG factors Private
Slide 14: 03. Business Highlights
03. Business Highlights AlTi Tiedemann Global 14
Slide 15: One Platform Approach
WM AM One Platform Approach Serving complementary and attractive industries Asset Management Wealth Management • Stable fee rates generating a robust • Strong investor demand, particularly in recurring revenue stream private and real asset markets, driving strong fundraising growth • Consistent, sol
Slide 16: AlTi Wealth Management – Highlights
WM AM AlTi Wealth Management – Highlights Resilient and expanding global client base $43B Scale AUM/AUA, $ Billions AUM/AUA $43 $41 $36 8 Global presence $32 Countries with AlTi WM offices 97% High client retention AUM/AUA retention for last four years 9+ Long-tenured clients Years average client te
Slide 17: Wealth Management – Holistic Solutions
WM AM Wealth Management – Holistic Solutions Combining the services of a family office with the depth of a world-class, global institution Investment Advisory & Impact Estate & Wealth Planning Customized risk-adjusted portfolios Implementation and management Bespoke AlTi Team Expertise curated from
Slide 18: AlTi Asset Management – Highlights
WM AM AlTi Asset Management – Highlights Differentiated provider of public and private market solutions serving growing alternatives market AUM/AUA, $ Billions $22 $22B $20 Scale AUM/AUA $17 $15 $1.2B Alignment with clients Invested alongside clients 40+ Experienced team years of operating history a
Slide 19: Asset Management – Platform Breakdown
WM AM Asset Management – Platform Breakdown Global network of capabilities built on an end-to-end support platform 1980 2009 2011 2017 Alternatives Platform Real Estate – Private Markets Merchant Banking Real Estate – Public Markets (1) Four fund strategies Direct investments – 27 equity and 21 debt
Slide 20: Asset Management: Alternatives Platform
WM AM Asset Management: Alternatives Platform Stable returns against volatile market backdrops o UK main market listed REIT th o 6 largest REIT in UK o Market Cap: £1.9B/U.S.$2.3B o Total Return Since IPO (2/27/17): +48% Performance of LXi REIT LXI +48% FTSE 250 +17% 6/30/17 12/31/17 6/30/18 12/31/1
Slide 21: Asset Management Performance
WM AM Asset Management 1 Best-in-class performance and uncorrelated returns TIG Arbitrage European Equities TIG Euro MSCI HFRI MSCI HFRI Arbitrage AlTi AM Equities European Purchase Date Equities +97% Annualized Annualized TIG Arbitrage 6.7% 6.6% 4.0% 12.4% 4.7% 4.3% Performance Performance +103% MS
Slide 22: Clear Value Creation Roadmap
WM AM Clear Value Creation Roadmap AlTi ecosystem presents significant growth opportunities • Expand into complementary domestic and international markets • Provide clients in four continents with a localized offering while addressing their New investment strategies & global presence multi-jurisdict
Slide 23: Demonstrated Track Record
WM AM Demonstrated Track Record Strategic acquisition and integration of asset managers & wealth managers Select AlTi M&A Examples Wealth Management Asset Management Illustrative Acquisition Criteria Illustrative Acquisition Criteria • Expand global footprint• Diversify management fee • Uncorrelated
Slide 24: M&A Will Continue to be a Key Driver of Growth
WM AM M&A Will Continue to be a Key Driver of Growth Compelling universe of opportunities Transacted AUM/AUA by Asset Class and Share Alternative Asset Management Industry $ Billions Traditional Alternative Wealth management Combined alternative and wealth management share of total transactions $4,0
Slide 25: Our Impact
WM AM Our Impact Committed to serving our clients in an objective and transparent way We succeed together by managing our collective impact on the world. Responsible Investing • Multi-asset class portfolios generating quantifiable social & environmental outcomes • Embedded ESG evaluation throughout
Slide 26: 04. Financial Highlights
04. Financial Highlights AlTi Tiedemann Global 26
Slide 27: Historical Performance
Historical performance (1) (1) Year-End AUM/AUA Total Revenue Mgmt./Advisory fees $Billions $212 $202 $265 $65 $61 $240 $158 $53 $149 $199 $47 $173 Strong historical growth 2022 exhibited resilient topline 2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 performance amid a challenging (1)
Slide 28: Our Long-Range Goals
Our Long-Range Goals Reflect continued execution of proven business model • Annual AUM/AUA growth rate High single-digit percentage • Annual Revenue growth rate Low-teens percentage (2) • Adjusted EBITDA margin Expansion to mid 30s (1) Growth rate represents long-term annual growth, on average and o
Slide 29: Liquidity Metrics
Liquidity Metrics Existing Capital Structure (1) (1) Pro-forma Capitalization – Pro-forma leverage of 2.3x based on 2022 Combined Economic EBITDA $Millions, unless otherwise stated 2022 x EBITDA New Credit Facility – Closed January 3, 2022, in conjunction with business combination (2) Cash and Cash
Slide 30: 05. Governance
05. Governance AlTi Tiedemann Global 30
Slide 31: Board of Directors
Board of Directors Strong governance is at the foundation of our organization Governance Summary Board Independence and Diversity - Diversity of experience across financial services industry § Board comprised of representatives of independent directors (6), including Chairman of Cartesian Growth Cor
Slide 32: Board of Directors
Board of Directors Independent Board Directors Board Committees AlTi Board Representatives Committee Chair Audit, Finance & Risk Timothy Keaney Environmental, Social, Tracey Warson Kevin T. Kabat Timothy Keaney Judy Lee Governance & Nominating Michael Tiedemann Nancy Curtin Spiros Maliagros Former V
Slide 33: Experienced Leadership
Experienced Leadership Bringing a breadth of global industry experience Executive Team Michael Tiedemann Christine Zhao Kevin Moran Alison Trauttmansdorff Claire Verdirame Laurie Jelenek Colleen Graham CEO Chief Financial Officer Chief Operations Officer Chief HR Officer Chief Marketing Officer Chie
Slide 34: Our Commitment to Impact
Our Commitment to Impact Sustainable practices across corporate activities Our goal is generating sustainable financial returns with net positive impact. Our strategy and efforts are led by Chief Impact Officer, Jed Emerson. Culture at Core – Diversity, Equity & Inclusion is a matter of principle fo
Slide 35: Investment Highlights
Investment Highlights Uniquely positioned between global family office solutions and alternative asset management Strong, performing businesses Large and growing addressable market Established reputation in the market Both in asset and wealth management Global footprint Recurring and diversified rev
Slide 36: 06. Transaction Overview
06. Transaction Overview AlTi Tiedemann Global 36
Slide 37: Transaction Overview
Transaction Overview (1) Shareholder structure Transaction Structure § On January 3, 2023, TWMH, TIG Entities, Alvarium and Cartesian combined to become a publicly listed company. 6% 0.2% Legacy shareholders § The company is listed on Nasdaq under the ticker ALTI § The transaction, inclusive of the
Slide 38: Appendix
Appendix A Al lT Ti i T Tiie ed de em ma an nn n G Gllo ob ba all 3 38 8
Slide 39: Wealth Management
Wealth Management Collaborating with clients to create value as they define it Investment Advisory Family Office Trust, Fiduciary & Administration Maximize wealth over the long term by Offer tailored outsourced family office Ensure clients’ wealth is preserved, balancing risk and reward through solu
Slide 40: Asset Management
Asset Management Differentiated solutions across alternative strategies Alternatives Platform Real Estate – Public & Private Merchant Banking Align with the needs of institutional Select sub-sectors based on in-house Provide strategic advice, M&A investors by acquiring growth industry knowledge and
Slide 41: Footnotes
Footnotes Slide 21 A description of the strategies is provided below: Past performance does not guarantee or indicate future results. The historical net performance presented above are provided from inception of each fund through December 2022 and are unaudited. TIG Arbitrage: The TIG Arbitrage stra
Slide 42: Non-GAAP reconciliation
Non-GAAP reconciliation Combined Economic EBITDA Year ended Amounts in $ millions December 31, 2020 2021 2022 Combined Adjusted Net Income, Combined Adjusted EBITDA and Combined Economic EBITDA Net income before taxes 46.4 82.3 5.0 Equity settled share-based payments P&L 1.2 5.5 4.2 Covid subsidies
Slide 43: Glossary
Glossary Assets Under Management and Assets Under Advisement. For financial presentation purposes, total assets under management and assets under advisement (“AUM / AUA”) of AlTi Global consists of: (i) assets under advisement (“AUA”) and assets under management (“AUM”) of TWMH; (ii) AUM of TIG Enti
Slide 44: Thank You
Thank You A Al lT Ti i T Tiie ed de em ma an nn n G Gllo ob ba all 4 44 4