Kingsway Corporation · NYSE:KWY
Kingsway — Kingsway Financial Services — Investor Presentation (August 2014)
10 slides from Kingsway's investor presentation, August 2014
Slide 1: Kingsway Financial Services Inc. Investor Presentation August 2014
KINGSWAY FINANCIAL SERVICES INC. INVESTOR PRESENTATION AUGUST 2014
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements related to our future growth, trends in our operating companies' businesses and industries and our financial and operational results and performance that are based on management’s current expectations, forecasts and ass
Slide 3: Value Building Philosophy
VALUE BUILDING PHILOSOPHY Compounding capital in the long‐term with investments/acquisitions/financings that offer asymmetric risk/reward potential with a margin of safety supported by private market values 3
Slide 4: Redemption of Series A Warrants
REDEMPTION OF SERIES A WARRANTS Series A Warrant Terms Kingsway At-A-Glance Strike price: $4.50 Ticker KFS (NYSE), KFS.TO (TSX) Stock Price $6.78 NYSE (as of Redeemable by the Company for $0.25 under 8/15/2014) certain circumstances, which have been met Shares Outstanding 16.4 million Warrants
Slide 5: Redemption of Series A Warrants
REDEMPTION OF SERIES A WARRANTS Why a warrant redemption now? Stabilized operations will allow the Company to use the proceeds from exercised warrants to improve its capital structure, through additional debt repayment, and pursue opportunities consistent with its merchant banking strategy Wha
Slide 6: How We Think About Building Value
HOW WE THINK ABOUT BUILDING VALUE Concentration on insurance companies, which provide unique Compounding Capital investment vehicles to compound and leverage investment results Focus on a 15-30 year perspective when creating/building value, while A Long-term Perspective recognizing short- and near-t
Slide 7: Positioned for Growth in Book Value
POSITIONED FOR GROWTH IN BOOK VALUE Operations stabilized as exhibited by: non-standard auto book profitability service business profitability reduced overhead Stability within the risk-bearing subsidiaries provides opportunity for further investment in the passive portfolio with its highe
Slide 8: Our Track Record for Deploying Capital
OUR TRACK RECORD FOR DEPLOYING CAPITAL 1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) Kingsway, through its wholly owned merchant bank, 1347 Capital, formed a Louisiana- based homeowners insurer in 2012 PIH went public through an IPO and had a successful follow-on offering during 2014 Ki
Slide 9: Key Takeaways
KEY TAKEAWAYS Proceeds from exercised warrants will enable Kingsway to enhance its balance sheet with a capital structure more aligned with the Company’s opportunities and investing time horizon The current stability of Kingsway’s operating entities provides the Company with confidence to make f
Slide 10: Contact Us
CONTACT US Investor Relations The Equity Group Carolyne Y. Sohn csohn@equityny.com Adam Prior aprior@equityny.com KINGSWAY FINANCIAL SERVICES INC. INVESTOR PRESENTATION 10 AUGUST 2014
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