Slide 1: Q3 2023 Presentation
Q3 2023 Presentation Aimia Inc. November 14, 2023 © 2023 Aimia. All rights reserved.
Slide 2: Forward-looking and cautionary statements
Forward-looking and cautionary statements This presentation contains statements that constitute “forward-looking information” within the meaning of Canadian securities laws (“forward-looking statements”), which are based upon our current expectations, estimates, projections, assumptions and beliefs.
Slide 3: Presentation of financial information
Presentation of financial information The financial information of Aimia and Kognitiv referred to in this press release have been prepared in accordance with or derived from GAAP. © 2023 Aimia. All rights reserved. 3
Slide 4: Non-GAAP financial measures
Non-GAAP financial measures In order to complement the analysis of the financial performance of its investments, certain Non-GAAP measures are presented. A reconciliation of the Adjusted EBITDA of Aimia's Bozzetto, Cortland International and Holdings segments to the most comparable GAAP measure is p
Slide 5: Today's speakers
Today’s speakers PHIL MITTLEMAN MICHAEL LEHMANN STEVE LEONARD Chief Executive Officer President Chief Financial Officer © 2023 Aimia. All rights reserved. 5
Slide 6: Agenda
Agenda Strategic Operational Financial Overview Review Highlights © 2023 Aimia. All rights reserved. 66
Slide 7: Strategic Overview
Strategic Overview Phil Mittleman © 2023 Aimia. All rights reserved. 7
Slide 8: Focused strategy to deliver enduring value
Focused strategy to deliver enduring value Strategic Strategic Strategic Vision Focus Direction Current Portfolio Maximizing the value of portfolio Aimia is focused on holdings as strategic partners with an making long-term active owner’s mentality investments, through To build a portfolio controlli
Slide 9: Highlights and recent events: Q3 2023
Highlights and recent events: Q3 2023 • Aimia o Performance at both flagship portfolio companies acquired earlier in 2023 was strong in Q3. o Combined Adjusted EBITDA(2) of $17.4 million from Bozzetto and Cortland International. o Consolidated Cash Flow from Operations of $11.9 million and $4.2 mill
Slide 10: Highlights and recent events: Q3 2023
Highlights and recent events Q3 2023 • Cortland International (100% ownership): o Tufropes acquisition of Cortland Industrial in Q3 2023 has delivered early success. o The combination of Tufropes and Cortland Industrial rebranded Cortland International. o Working towards sizeable acquisition that wi
Slide 11: Highlights and recent events: private placement and board appointments
Highlights and recent events Q3 2023 • Private Placement and Board Appointments: o On October 21, 2023, Aimia closed a private placement related to the issuance of 10,475,000 common shares for gross proceeds of $32.5 million. o In addition, investors received 10,475,000 warrants at a strike price of
Slide 12: Operational Review
Operational Review Michael Lehmann © 2023 Aimia. All rights reserved. 12
Slide 13: Bozzetto: Financial review Q3 2023
Bozzetto: Financial review Q3 2023 Aimia owns a 94% equity stake in Bozzetto, one of the world’s largest ESG-focused providers of specialty sustainable chemicals Third Quarter 2023 Results: Revenue Breakdown by Segment Q3 2023 • Bozzetto reported revenues of $75.9 million and a gross profit of $18.0
Slide 14: Bozzetto: Financial review Q3 2023
Bozzetto: Financial review Q3 2023 (a) The reconciliation of the consolidated earnings (loss) before income taxes to the consolidated net earnings (loss) for the three months ended September 30, 2023, and September 30, 2022, is presented in the consolidated statements of operations in Aimia’s conden
Slide 15: StarChem, S.A.
StarChem StarChem, S.A. StarChem is a leading specialty chemical solutions producer primarily involved in the preparation, dyeing, and finishing processes within the textile industry • Headquartered in San Pedro Sula, Honduras, StarChem is a leading specialty chemical solutions manufacturer for the
Slide 16: Cortland International Q3 2023
Cortland International Q3 2023 Aimia owns a 100% equity stake in Cortland International, a global leader in the manufacturing of high-performance synthetic fiber ropes and netting solutions for maritime and other industrial customers Third Quarter 2023 Results: Revenue Breakdown by Segment • Reporte
Slide 17: Cortland International: Financial review Q3 2023
Cortland International: Financial review Q3 2023 (3) (a) The reconciliation of the consolidated earnings (loss) before income taxes to the consolidated net earnings (loss) for the three months ended September 30, 2023 and September 30, 2022 is presented in the consolidated statements of operations i
Slide 18: Highlights and recent events Q3 2023
Highlights and recent events Q3 2023 • Clear Media (10.85% ownership): o Clear Media maintained steady performance in Q3 2023, with revenues of RMB 210 million, in-line with the results from Q2 2023, and increased 12.9% over the same quarter last year. • Kognitiv (49.2% ownership): o Kognitiv has ha
Slide 19: Capital A: Operational review Q3 2023
Capital A: Operational review Q3 2023 Q3 2023 Operating Highlights Passengers Carried (mil) Capacity (mil) Load Factor 16.5 89% 14.7 9.9 11.4 86% Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Capital A, continues to report exceptionally positive operating statistics in its aviation business in the
Slide 20: Clear Media: Operational review Q3 2023
Clear Media: Operational review Q3 2023 Total bus shelter panels Total digital panels 72,000 536 70,934 70,350 69,037 569 573 573 573 67,889 61,000 251 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Sep-23 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Sep-23 EBITDA (million RMB)(1) Revenues (million RMB) 2022 2023 219 209
Slide 21: Kognitiv: Financial metrics Q3 2023
Kognitiv: Financial metrics* Q3 2023 Revenue(1) (million CAD) 11.2 12.5 11.5 11.7 11.5 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Adjusted EBITDA(1)(2) (million CAD) (5.9) (5.6) (5.0) (4.3) (7.2) Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 *This presentation contains both GAAP and non-GAAP financial measur
Slide 22: Financial Highlights
Financial Highlights Steve Leonard © 2023 Aimia. All rights reserved. 22
Slide 23: Consolidated financial results Q3 2023 and YTD 2023
Consolidated financial results Q3 2023 and YTD 2023 Three Months Ended Nine Months Ended September 30, September 30, (in millions of Canadian dollars, except share and per share information) 2023 2022 2023 2022 Revenue from contracts with customers 114.3 0.3 191.1 1.2 Cost of sales (89.6) — (151.1)
Slide 24: Pro forma cash & liquid investments Q3 2023
Pro forma cash & liquid investments Q3 2023 (in millions of Canadian dollars) Cash & Cash Equivalents Liquid portfolio of equities Breakdown by Segment Q3 2023 Cash & cash equivalents Holding $9.2 118.1 Cortland Bozzetto (2.1) International $26.8 $6.5 87.7 $45.2 $45.2 $72.9 $42.5 September 30, 2023
Slide 25: Closing summary
Closing summary • Successfully deployed ~$700 million through strategic acquisitions and generated more than $750 million from liquidity events since 2020. • Mithaq bid significantly undervalues Aimia. • Advancing Aimia in the face of adversity: o Fortified board of directors; ready to prove allegat
Slide 26: Aimia Inc.
Aimia Inc. November 14, 2023 © 2023 Aimia. All rights reserved.
Slide 27: Investor relations contact
Investor relations contact Albert Matousek, MBA, CFA Head, Investor Relations & Communications Email: albert.matousek@aimia.com www.aimia.com © 2023 Aimia. All rights reserved.