Alti Global, Inc. · NASDAQ:ALTI
Alti Global — Cartesian Growth — SPAC Merger (October 2022)
46 slides from Alti Global's SPAC merger presentation, Oct 28, 2022
Slide 1: Investor Presentation Fall 2022
Exhibit 99.1 Investor Presentation | Fall 2022 A Allv var ariiu um m T Tiied edem eman ann n | | A AllT Tii 1 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 the combined company, Alvarium Tiedemann Holdings, Inc. (“Alvarium Tiedemann” or the Company ), that is expected
Slide 3: Disclosures (Cont.)
Disclosures (Cont.) Forward-Looking Statements Some of the statements in this presentation may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934 and the Private Securities
Slide 4: 01. About AlTi 02. Market Landscape 03. Business Highlights 04. Financial Highlights 05. Governance
01. About AlTi 02. Market Landscape 03. Business Highlights 04. Financial Highlights 05. Governance 06. Transaction Overview Alvarium Tiedemann | AlTi London | New York | Paris | Milan | Lisbon | Isle of Man | Zurich | Baar | Geneva | Lugano | Washington D. C. | Wilmington | Seattle | Portland | San
Slide 5: About AlTi
01. About AlTi Alvarium Tiedemann | AlTi 5
Slide 6: AlTi at a Glance
AlTi at a Glance Delivering transformational ideas that create enduring value $60B 450+ $5.6B 20+ $2.4B (1) Assets Under Advisement Professionals with diverse Committed to Impact Year operating history Invested alongside clients (1) (AUM/AUA) experience & expertise strategies Global footprint with p
Slide 7: Strategic Underpinnings of AlTi
Strategic Underpinnings of AlTi One ecosystem delivering innovative, best-in-class wealth and asset management solutions $40B - Wealth Management $20B - Asset Management Investment Advisory Alternatives Platform $60B Trust, Fiduciary & Administration Real Estate – Public & Private AUM/AUA Family Off
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: Near-Term Financial Drivers
Near-Term Financial Drivers Well-defined path with a clear trajectory for 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 Economies of sca
Slide 11: Market Landscape
04. Portfolio Construction 02. Market Landscape Alvarium Tiedemann | AlTi 11
Slide 12: Expanding Market Opportunities
Expanding Market Opportunities Powered by multi-decadal trajectories Massive, Expanding Market Generational Wealth Transfer Shifting To Independence (1) Growth of Global Wealth (2021-2026P) U.S. Wealth Transfer (2018-2042P) U.S. Independent Advisor AUM/AUA (2014-2024P) $Trillions $Trillions $5.5 $60
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: Business Highlights
03. Business Highlights Alvarium Tiedemann | AlTi 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 $40B Scale AUM/AUA, $ Billions AUM/AUA as of 1H22 $41 $40 $36 11 Global presence $32 Countries with AlTi offices Significant portion 97% of management/advisory fee revenues recurring fees 95% High client retention A
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 $20B Scale $20 AUM/AUA as of 1H22 $20 $17 $15 Significant portion 58% of management/advisory fee revenues recurring fees $1.3B Alignment wit
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 o UK FTSE 250 listed REIT th o 6 largest REIT in UK o Largest social Impact REIT in UK (1) o Market Cap: £1.3B/U.S.$1.6B o Market Cap: £909m/U.S.$1.1B o Total Return Since IPO
Slide 21: Asset Management: Stable returns against volatile markets
WM AM Asset Management Stable returns against volatile market backdrops European Equities TIG Arbitrage TIG MSCI HFRI Arbitrage Euro MSCI HFRI Equities European TIG Arbitrage Purchase Date Annualized 6.3% 5.4% 3.6% Equities +90% Performance +511% Annualized 12.8% 6.3% 4.4% Performance Volatility 3.2
Slide 22: Clear Value Creation Roadmap
WM AM Clear Value Creation Roadmap AlTi ecosystem presents significant growth opportunities • Expand public and private real estate business geographic focus and product offering • Expand into complementary domestic and international markets New investment strategies & global presence • Provide clie
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 • Uncorrelate
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 Alternatives Wealth Management Combined alternative and wealth management share of total transactions 83%
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: Financial Highlights
04. Financial Highlights Alvarium Tiedemann | AlTi 26
Slide 27: Stable and Profitable Performance
Stable and Profitable Performance Strong track record of growth and margin expansion Asset Growth Recurring Income Margin Expansion Combined Reported Revenue by Fee Type Combined Year-End AUM/AUA Combined Economic EBITDA $Billions $Millions $Millions Margin Advisory Fees Incentive Fees Other Income/
Slide 28: Our Long-Range Targets
Our Long-Range Targets Reflect continued execution of proven business model (1) Organic growth plan • Annual AUM/AUA growth rate High single-digit percentage • Annual Revenue growth rate Low-teens percentage (2) • EBITDA margin Expansion to mid-to-high 30s Inorganic opportunities • Successful execut
Slide 29: 1H 2022 Overview
Asset Management Wealth Management 1H 2022 Overview Topline growth amid a challenging market backdrop +25% +12% $112.3 +6% $120.4 $89.7 $107.4 $60.1 $57.0 $50.3 $58.3 $19.5 $32.1 $18.9 $49.5 $62.0 $40.6 $38.1 $57.6 $62.0 $57.9 1H21 1H22 1H21 1H22 1H21 1H22 (1) (1) AUM/AUA ($B) Total Revenue Mgmt./Ad
Slide 30: Governance
05. Governance Alvarium Tiedemann | AlTi 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 CEO Chief Financial Officer Chief Operations Officer Chief HR Officer Chief Marketing Officer Chief People Office
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: Transaction Overview
06. Transaction Overview Alvarium Tiedemann | AlTi 36
Slide 37: Transaction Summary
Transaction Summary Transaction Structure • TWMH, TIG Entities & Alvarium will combine and become a publicly listed company through a business combination with Cartesian Growth Corporation (NASDAQ: GLBL) • The post-combination company will be listed on Nasdaq under the ticker GLBL • The transaction,
Slide 38: Transaction Overview
Transaction Overview $Millions; unless otherwise stated Estimated Sources and Uses Illustrative Pro Forma Valuation Share Price $ 10.00 Stock Consideration (Equity Rollover) $ 881 60% (x) Pro Forma Shares Outstanding 147.1 SPAC Cash in Trust 345 24% Pro Forma Equity Value $ 1,471 Cash Raised from PI
Slide 39: Value-creating Sponsor & Partner
Value-creating Cartesian Growth Corporation SPAC sponsored by affiliate of Cartesian Sponsor & Partner The Cartesian team has a demonstrated ability to create value built on strategic advice, risk Select Cartesian Investments management, business intelligence & institutional systems + $ 20 years 3.0
Slide 40: Appendix
Appendix A Allv var ariiu um m T Tiied edem eman ann n | | A AllT Tii 40 40
Slide 41: 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 42: 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 43: Footnotes Slide
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 June 2022 and are unaudited. TIG Arbitrage: The TIG Arbitrage strategy
Slide 44: Non-GAAP reconciliation
Non-GAAP reconciliation Pro Forma Combined Adjusted Net Income and Combined Adjusted EBITDA Year Ended Year Ended Amounts in 000’s December 31, December 31, (1) (1) 2020 2021 Pro Forma Combined Adjusted Net Income and Combined Adjusted EBITDA Pro forma net income attributed to Alvarium Tiedemann $ 6
Slide 45: Glossary
Glossary Assets Under Management and Assets Under Advisement. For financial presentation purposes, total assets under management and assets under advisement (“AUM / AUA”) of the Combined Company consists of: (i) assets under advisement (“AUA”) and assets under management (“AUM”) of TWMH; (ii) AUM of
Slide 46: Thank You
Thank You A Allv var ariiu um m T Tiied edem eman ann n | | A AllT Tii 46 46