Slide 1: Q3 2020 highlights
Q3 2020 highlights NOV 11, 2020
Slide 2: Forward-looking and cautionary statements
FORWARD-LOOKING AND CAUTIONARY STATEMENTS Forward-looking statements are included in this presentation. These forward-looking statements are identified by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will
Slide 3: Non-GAAP financial measures
NON-GAAP FINANCIAL MEASURES Following the Corporation strategic update, Aimia does not present Non-GAAP financial measures for its consolidated results. However, in order to complement the analysis of the financial performance of its investments, certain Non-GAAP measures are presented. A reconcilia
Slide 4: Today's speakers
TODAY’S SPEAKERS PHIL MITTLEMAN MICHAEL LEHMANN STEVE LEONARD Chief Executive Officer President Chief Financial Officer © 2020 Aimia. All rights reserved. 4
Slide 5: Agenda
AGENDA Strategic Investment Financial highlights highlights highlights © 2020 Aimia. All rights reserved. 5
Slide 6: Strategic highlights
STRATEGIC highlights PHIL MITTLEMAN
Slide 7: Strategic progress
STRATEGIC HIGHLIGHTS STRATEGIC PROGRESS • Expenses were down 16% over last year to $8.8 million Continued cost • Corporate expenses were $3.0 million, excluding expenses associated with stock- cutting efforts based compensation, contingent consideration, currency translation, and D&A • On track to a
Slide 8: On track to achieving corporate cost target
STRATEGIC HIGHLIGHTS ON TRACK TO ACHIEVING CORPORATE COST TARGET (in millions of Canadian dollars) $12 million annual corporate cash run-rate target © 2020 Aimia. All rights reserved. 8
Slide 9: New investments subsequent to Q3 2020
STRATEGIC HIGHLIGHTS NEW INVESTMENTS SUBSEQUENT TO Q3 2020 Special purpose vehicle • Invested $10.5 million • Committed an initial $6.7 • Invested $9.2 million in the in JCDecaux million (half already funded) largest entertainment (DEC.FP), the global to pursue a leveraged company in Australia with
Slide 10: Investment highlights
INVESTMENT highlights MICHAEL LEHMANN
Slide 11: PLM financial metrics
INVESTMENT HIGHLIGHTS PLM FINANCIAL METRICS* (in millions) USD CAD Financial Results Q3 2020 Q3 2019 Q3 2020 Q3 2019 Gross Billings 26.3 71.6 35.0 94.6 Revenue 27.1 64.8 36.0 85.5 Earnings before net financial expense and 9.8 17.4 13.0 23.2 income tax expense Adjusted EBITDA(1) 10.2 21.5 13.7 28.4 C
Slide 12: BIGLIFE financial metrics
INVESTMENT HIGHLIGHTS BIGLIFE FINANCIAL METRICS* (in millions of Canadian dollars) Financial Results Q3 2020 Q3 2019 Gross Billings 3.5 11.1 Revenue and other income 3.3 10.6 Earnings (loss) before depreciation and amortization (0.8) (1.1) and net income tax expense Adjusted EBITDA(1) (0.6) (0.2) Ca
Slide 13: Kognitiv financial metrics
INVESTMENT HIGHLIGHTS KOGNITIV FINANCIAL METRICS* (in millions of Canadian dollars) Financial Results Q3 2020 Revenue 25.2 Adjusted EBITDA(1) (6.3) • Good progress from business wins with new and existing clients • Significant cost synergies identified • On track to deliver positive EBITDA and cashf
Slide 14: Clear Media privatization continues
INVESTMENT HIGHLIGHTS CLEAR MEDIA PRIVATIZATION CONTINUES • Clear Media continues to make progress towards its privatization, led by its consortium of investors including CEO of Clear Media, JCDecaux, Ant Group, and JIC Capital Management Limited • Clear Media’s stock (HK: 100) halted but not delist
Slide 15: Financial highlights
FINANCIAL highlights STEVE LEONARD
Slide 16: Q3 2020 consolidated results
FINANCIAL HIGHLIGHTS Q3 2020 CONSOLIDATED RESULTS HIGHLIGHTS Three Months Ended September 30, (in millions of Canadian dollars, YoY % except per share amounts) 2020 2019 Change Continuing operations Income (1.1) 30.1 ** Expenses 8.8 10.5 -16.2% Earnings (loss) before income taxes (9.9) 19.6 ** Net e
Slide 17: Q3 2020 segment results
FINANCIAL HIGHLIGHTS Q3 2020 SEGMENT RESULTS INVESTMENTS AND HOLDINGS (CAD$ M) Q3 2020 Q3 2019 9M 2020 9M 2019 Income (1.5) 30.1 3.6 108.3 Expenses (8.3) (10.5) (18.0) (35.6) Earning (loss) before income taxes (9.8) 19.6 (14.4) 72.7 PLM distribution - 5.8 18.3 30.5 INVESTMENT MANAGEMENT (CAD$ M) Q3
Slide 18: Cash bridge
FINANCIAL HIGHLIGHTS CASH BRIDGE (in millions of Canadian dollars) Cash movement in Q3 2020 vs. last quarter (Q2 2020) (2) (3) (1) (3) (1) Includes cash and cash equivalents, restricted cash, and cash in escrow. (2) Transaction costs related to Kognitiv, Mittleman Investment Management, and Clear Me
Slide 19: Key takeaways
Key Takeaways ; -
Slide 20: Exciting and promising future
KEY TAKEAWAYS EXCITING AND PROMISING FUTURE 2020 has been a year of significant positive change, and we have been moving at a rapid pace to create stakeholder value Continued cost cutting efforts and ongoing enhancement of existing investments, while deploying capital on new investment opportunities
Slide 21: Questions
Questions 21
Slide 22: Contact
CONTACT Tom Tran Director, Investor Relations T: +1 416 352 3728 E: tom.tran@aimia.com