Alti Global, Inc. · NASDAQ:ALTI
Alti Global — SPAC Merger (September 2021)
33 slides from Alti Global's SPAC merger presentation, Sep 20, 2021
Slide 1: Investor Presentation | September 2021
Investor Presentation | September 2021
Slide 2: Disclaimer
Disclaimer This Presentation (together with oral statements made in connection herewith, the “ Presentation ”) is for informational purposes only to assist prospective purchasers in a private placement in making their own evaluation wit h respect to the proposed business combination (the “ Business
Slide 3: Disclaimer (cont’d)
Disclaimer (cont’d) Nothing in this Presentation should be regarded as a representation by any person that the forward - looking statements set forth herein will be achieved or that any of the contemplated results of such forward - looking statements will be achieved. You should not place undue reli
Slide 4: Disclaimer (cont’d)
Disclaimer (cont’d) Use of Non - GAAP Financial Measures. This Presentation includes non - GAAP financial measures. CGC and the Companies believe that these non - GAAP measures are useful to investors for two principal reasons. First, they believe these measures may assist investors in comparing per
Slide 5: Company Overview
A iT i Company Overview
Slide 6: Sponsor Overview
Sponsor Overview Cartesian Growth Corp. (“CGC”) : SPAC sponsored by affiliate of Cartesian The Cartesian team has a demonstrated ability to create value built on strategic advice , risk management , business intelligence , & institutional systems and infrastructure 6 AlTi Alignment Value - creating
Slide 7: World-class leadership
World - class leadership 7 Alexander de Meyer Michael Tiedemann Nancy Curtin • Head of Investment Advisory and CIO of Alvarium • Former CIO for wealth business ($18B AUM) • Senior investment professional at Fortune, Schroders, & Barings • Built multiple traditional & alternative businesses Chief Exe
Slide 8: Strategically located / By the numbers
Melbourne Auckland Hong Kong Zurich Baar Geneva Lugano Singapore Milan Paris London Lisbon Los Angeles San Francisco Miami Palm Beach Aspen Wilmington, DE Washington, DC New York Dallas Seattle Portland Toronto We serve clients in major wealth centers from 25 cities in 11 countries across 4 continen
Slide 9: Strategically located
Strategically located 9 Melbourne Auckland Hong Kong Zurich Baar Geneva Lugano Singapore Milan Paris London Lisbon Los Angeles San Francisco Miami Palm Beach Aspen Wilmington, DE Washington, DC New York Dallas Seattle Portland Toronto We serve clients in major wealth centers from 25 cities in 11 cou
Slide 10: Unique global solutions
Co - Investments & Merchant Banking Unique global solutions 10 Global Families & Institutions Multi - Generational Entrepreneurs NextGen Global L eaders Investment Advisory Trust & Estate Planning Family Office Services Impact, Innovation, & Alternatives Supporting the Full Client Lifecycle: • Growt
Slide 11: A proven & powerful business model
11 A proven & powerful business model Comprehensive, global, & proprietary services tailored to global, cross - border clients Local service & global reach Proprietary direct & co - investment opportunities; JVs with leading alternative asset managers Active thought leadership in environmental, soci
Slide 12: Stability, profitability, & growth
$133 $142 $171 $200 $8 $19 $27 $28 $6 $12 $17 $19 $147 $173 $215 $247 2019A 2020A 2021P 2022P Advisory fees Incentive fees Other income/fees $33 $49 $79 $100 2019A 2020A 2021P 2022P $48 $54 $58 $65 2019A 2020A 2021P 2022P 12 Stability, profitability, & growth Note: Please see the important disclaime
Slide 13: A resilient client base & expanding opportunity set
A resilient client base & expanding opportunity set 13 Note: Client composition reflects largest 25 AlTi clients by AUM / AUA as of December 31, 2020. Please see the important disclaimers on non - GAAP measures and the calculation methodology of AUM / AUA with respect to each of TWMH, Alvarium, and
Slide 14: Our unique vision
Our unique vision 14 Operating Targets $100B+ AUM / AUA 40%+ EBITDA MARGIN Client Targets 50% - 50% U.S. VS. INTERNATIONAL $50M AVERAGE CLIENT AUM / AUA Impact Targets $25B COMMITTED TO IMPACT STRATEGIES 2030 YEAR OF NET ZERO EMISSION Personnel Targets 50% WOMEN IN SENIOR MANAGEMENT 50% DIVERSITY AM
Slide 15: Investment highlights
Investment highlights 15 Global scale and favorable macro - operating environment Resilient, loyal client base and expanding opportunity set Differentiated alternative asset management platform with ample whitespace Stable, profitable, growing financial profile Balance sheet light model generating h
Slide 16: The Opportunity
A IT The Opportunity
Slide 17: An opportunity powered by multi-decadal trajectories
An opportunity powered by multi - decadal trajectories 17 $102 trillion global opportunity, double digit growth, with clients demanding integrated capabilities and institutional solutions U.S. Wealth Transfer (2018 - 2042P) U.S. Independent Advisor AUM (2014 - 2024P) (2) $70 trillion wealth transfer
Slide 18: Across Generations: serving evolving client priorities
Across Generations Serving evolving client priorities 18 Ultra - High - Net - Worth (“UNHW”) Asset Allocation Alt. Asset Exposure by Demographic (2021 - 2024P) Relevance of ESG Factors Demand for alternatives, a $17 trillion market by the end of 2025 , aligns with our expertise Next generation parti
Slide 19: Demonstrated track record of inorganic growth
We have a demonstrated track record of inorganic growth in wealth & asset management 19 Acquisition of Wealth Managers # of Transactions Minority Stake Acquisitions in Alternative Asset Managers # of Transactions 49 153 2016 2020 18 32 2016 2020 Select AlTi M&A Examples Wealth Management Integrating
Slide 20: Differentiated alternative asset management platform
Differentiated alternative asset management platform 20 Our global network of alternative asset management capabilities is built on an end - to - end support platform for entrepreneurial managers, driving significant growth Comprehensive Support Platform Alternative Managers Infrastructure & Adminis
Slide 21: Stability, profitability, growth
Actuals Projections CAGR $Millions, unless otherwise stated 2019A 2020A 2021P 2022P '19 - '22P Year - End AUM / AUA ($Billions) $ 48 $ 54 $ 58 $ 65 10% Pro Forma Economic Revenue Advisory Fees $ 133 $ 142 $ 171 $ 200 Incentive Fees 8 19 27 28 Other Income 6 12 17 19 Total Pro Forma Economic Revenue
Slide 22: Transaction Overview
22 Transaction Overview
Slide 23: Transaction summary
Transaction summary 23 Valuation • The transaction implies a pro forma equity value of $1.388 billion for Alvarium Tiedemann Holdings, Inc. Permanence, Commitment, & Alignment • Over 96% of equity held by operating partners is being rolled into the post - closing company • Multi - year lock - up for
Slide 24: Transaction overview
Rollover Equity 800$ 57.8% Cash Used for Secondary Share Purchases 100 7.2% Transaction Expenses (Est.) 47 3.4% Cash to Balance Sheet 363 26.2% Sponsor 73 5.3% Total Uses 1,384$ 100.0% Estimated Sources: $ % Stock Consideration (Equity Rollover) 800$ 57.8% SPAC Cash in Trust 345 24.9% Cash Raised fr
Slide 25: High-quality growth & an attractive entry valuation
30.4x 26.5x 25.3x 24.4x 22.5x 20.0x 19.1x 18.4x 18.3x 16.8x 13.8x 13.1x 11.4x 11.0x 10.7x 10.3x 10.3x 9.6x 42.4x 29.4x 29.2x 28.3x 26.6x 23.7x 18.6x 17.9x 17.7x 17.6x 17.2x 14.6x 13.7x 13.0x 12.5x 12.0x 11.9x 11.6x 25 Wealth Management Platform Alternative Asset Manager 2021P EV/EBITDA Note: Market
Slide 26: Additional Information
26 Additional Information
Slide 27: Alvarium Tiedemann ecosystem
Alvarium Tiedemann e cosystem 27 • Holistic wealth and investment partner delivering customized client solutions through globally integrated teams of professional advisors • Repeatable, disciplined investment process to compound wealth across traditional and alternative asset classes • Alternative,
Slide 28: Established foundation poised to accelerate growth
Established foundation poised to accelerate growth 28 Quality Foundation Distinctive, Global, & Growing Long - Tenured Client Relationships Robust, Flexible, & Scaled Independent Advisory Institutionalization Impact and Innovation Leveraging Synergies Partnerships Consolidation Growing AUM / AUA to
Slide 29: Our commitment to DEI & ESG best practices
Our commitment to DEI & ESG best practices 29 Culture at the Core Diversity, Equity, & Inclusion is a matter of principle for us and is fundamental to how we operate. Our commitment is reflected in our inclusive culture, hiring practices, educational programs, community involvement, & environmental
Slide 30: Executive committee
Executive committee Alexander de Meyer 15+ years experience Executive Committee Michael Tiedemann 25+ years experience Chief Executive Officer Spiros Maliagros 20+ years experience Executive Committee Kevin Moran 15+ years experience Chief Operating Officer TBA 20+ years experience Chief Financial O
Slide 31: Risk factors
Risk factors The risk factors below have been prepared solely for purposes of the proposed private placement (the “Private Placement”) of com mon equity of Cartesian Growth Corporation in connection with the proposed business combination (the “Business Combination”) amo ng Cartesian Growth Corporati
Slide 32: Risk factors (cont’d)
Risk factors (cont’d) The Company’s information and technology systems may be vulnerable to damage or interruption from computer viruses, network f ail ures, computer and telecommunication failures, infiltration by unauthorized persons and security breaches, usage errors by it s p rofessionals, powe
Slide 33: Risk factors (cont’d)
Risk factors (cont’d) The Company’s management team has limited experience managing a public company. If securities or industry analysts do not publish research or reports about the Company’s business, if they adversely change the ir recommendations regarding its shares or if its results of operatio
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