Innovate Corp. · NYSE:VATE

Innovate — HC2 Holdings — Proxy Contest (April 2020)

10 slides from Innovate's proxy contest presentation, Apr 27, 2020

  1. Slide 1: MG Capital's Charade Continues

    HC2 H OLDINGS , I NC . © HC2 Holdings, Inc. 2020 © HC2 HOLDINGS, INC. 2020 MG Capital’s Charade Continues April 2020

  2. Slide 2: Who is Michael Gorzynski? Who is Really Behind Him?

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 Who is Michael Gorzynski ? Who is Really Behind Him? Why is Mr. Gorzynski more concerned with tabloid sensationalism than protecting stockholder funds and HC2’s future? 1 Mr. Gorzynski’s lurid attacks on Philip Falco

  3. Slide 3: The Enigma of Mr. Gorzynski and MG Capital

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 The Enigma of Mr. Gorzynski and MG Capital Why can’t Mr. Gorzynski provide any details around his self - proclaimed successful track record? 2  ... making an investment as a principal or investing in any other compa

  4. Slide 4: Mr. Gorzynski Has No Ostensible Track Record to Back Up His Statements

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 Mr. Gorzynski Has No Ostensible Track Record to Back Up His Self - Aggrandizing Statements How is it that Mr. Gorzynski is the only nominee to have “yes” on all relevant attributes and skills compared to all others,

  5. Slide 5: MG Capital's Continued Attacks on HC2's Insurance Business Show Lack of Expertise

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 4 MG Capital’s Continued Attacks on HC2’s Insurance Business Demonstrate a Clear Lack of Insurance Expertise  MG Capital cannot get its position straight: MG Capital calls Continental a “core asset” but at the same

  6. Slide 6: Truth Behind MG Capital's False Claims

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 The Truth Behind MG Capital’s False Claims Why would you trust MG Capital knowing the TRUE answers to these questions? 5 MG Capital is the WRONG catalyst to take HC2 forward: MG Capital... Is run by an experienced, h

  7. Slide 7: Truth Behind MG Capital's False Claims (Cont'd)

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 The Truth Behind MG Capital’s False Claims (Cont’d) Why would you trust MG Capital knowing the TRUE answers to these questions? 6 MG Capital is the WRONG catalyst to take HC2 forward: MG Capital... Possesses a plan t

  8. Slide 8: Mr. Falcone is Trusted By Stakeholders

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 Mr. Falcone is Trusted By Stakeholders Mr. Falcone continues to deliver value as evidenced by the testimony of stakeholders 7 “HC2’s fulsome support of DBM Global’s management enabled us to grow to $75M of adjusted E

  9. Slide 9: The Choice is Clear

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 The Choice is Clear 8 Mark the “REVOKE MY CONSENT” boxes to oppose each of Percy Rockdale’s proposals and support HC2’s independent, experienced and highly qualified directors Act today and make your voice heard rega

  10. Slide 10: Disclaimer

    © 2020 H C 2 H OLDINGS , I NC . © HC2 HOLDINGS, INC. 2020 © HC2 HOLDINGS, INC. 2020 9 Disclaimer Cautionary Statement Regarding Forward - Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This communication, and certain oral statem ent s made by our

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