Alti Global, Inc. · NASDAQ:ALTI
Alti Global — Investor Presentation (February 2024)
27 slides from Alti Global's investor presentation, Feb 22, 2024
Slide 1: Allianz X and CWC Make Strategic Investment into AlTi
1AlTi Tiedemann Global Allianz X and CWC Make Strategic Investment into AlTi Investor Presentation | February 2024
Slide 2: Notes and Important Disclosures
2AlTi Tiedemann Global Notes and Important Disclosures (1) Including non-consolidated entities with Allianz customers. (2) As of September 30, 2023. (3) As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17. About AlTi Global AlTi is a leading independent global wealth and alte
Slide 3: Forward-Looking Statements
3AlTi Tiedemann Global 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 Securit
Slide 4: Contents
Contents 01. Strategic Investments into AlTi 02. Overview of AlTi 03. Strategic Priorities 04. Investment Highlights 05. Appendix
Slide 5: Our presenters today
5AlTi Tiedemann Global Michael Tiedemann Chief Executive Officer Our presenters today Stephen Yarad Chief Financial Officer
Slide 6: 01. Strategic Investments into AlTi
6AlTi Tiedemann Global 01. Strategic Investments into AlTi
Slide 7: Strategic investment of up to $450M from Allianz X and CWC
7AlTi Tiedemann Global Accelerates AlTi’s strategy to become the leading, global, independent UHNW wealth management firm, with strategic and targeted expertise in alternatives AlTi receives strategic investment of up to $450M from Allianz X and Constellation Wealth Capital • Will invest $150 millio
Slide 8: Strategic rationale
8AlTi Tiedemann Global Strategic rationale Expanded reach and scale • Deepens reach in current markets, including U.S., Europe and Asia • Positions AlTi for expansion into new domestic and international markets Accelerated margin initiatives • Offers opportunity to achieve operational leverage throu
Slide 9: Complementary and well-aligned partners to accelerate growth strategy
9AlTi Tiedemann Global Complementary and well-aligned partners to accelerate AlTi’s growth strategy Allianz is a global financial services provider across the insurance and asset management sectors, providing financial security and certainty to its customers for 130+ years. Together, partners provid
Slide 10: 02. Overview of AlTi
10AlTi Tiedemann Global 02. Overview of AlTi
Slide 11: Unique business model combines a global MFO with targeted expertise in Alternatives
11AlTi Tiedemann Global PRELIMINARY DRAFT – SUBJECT TO REVIEW Unique business model combines a global MFO with targeted expertise in Alternatives $15 $17 $20 $22 $20 2019 2020 2021 2022 3Q 23 Scale $20B(2) AUM/AUA Alignment with clients $1.1B Invested alongside clients Experienced team 40+ Years Yea
Slide 12: Wealth transfer and demand for alternatives
12AlTi Tiedemann Global $2.1 $3.5 $5.5 2014 2019 2024P GenX and Millennials Foundations, Charities, and Endowments $84T Baby Boomers & Older Generational Wealth Transfer(1) U.S. Wealth Transfer (2021-2045P) Shifting To Independence(3) U.S. Independent Advisor AUM/AUA (2014-2024P)(4) $84 trillion wea
Slide 13: Existing scale, reputation and critical mass
13AlTi Tiedemann Global Existing scale, reputation and critical mass Stable fee rates generating robust recurring revenue streams Long-term client retention with underlying secular tailwinds Multiple avenues for co-investment and revenue diversification through adjacent products and services Large u
Slide 14: 03. Strategic Priorities
14AlTi Tiedemann Global 03. Strategic Priorities
Slide 15: Partnerships strategic priorities aligned with AlTi's growth pillars
15AlTi Tiedemann Global Partnerships strategic priorities clearly aligned with AlTi’s existing growth pillars New Investment Strategies & Global Presence Select Acquisitions & Stakes in Strategic Managers Expand Client Base & Deepen Existing Relationships Growth through Impact Offering A LT I ’ S G
Slide 16: Expand and Fortify AlTi's Global Footprint
16AlTi Tiedemann Global Lisbon Lugano Geneva Zurich Milan London Paris Focus Market Criteria $326 $473 $609 2016 2021 2026P Growth of Global Wealth(1) • $609 trillion global opportunity • Double-digit growth • Clients demanding integrated capabilities and institutional solutions AlTi Presence Singap
Slide 17: Accelerate organic growth opportunities
17AlTi Tiedemann Global Opportunity GLOBAL SCALE TOP-LINE GROWTH PRODUCT EXPANSION Enhanced lead generation opportunities and client solution set Strategic Priorities | 02. Accelerate organic growth opportunities Lead Generation Channels Expansion of AlTi’s existing and future target markets and cli
Slide 18: Identified opportunities across Wealth Management and Strategic Alternatives
18AlTi Tiedemann Global Identified opportunities across Wealth Management and Strategic Alternatives (1) Source: Piper Sandler. (2) Represents companies that AlTi is engaged with in varying stages of negotiations as of February 2024. There can be no assurances that any of these transactions will be
Slide 19: 04. Investment Highlights
19AlTi Tiedemann Global 04. Investment Highlights
Slide 20: Summary transaction benefits
20AlTi Tiedemann Global Summary transaction benefits Additional solutions to service loyal, long-term customer base Pioneering commercial logic of the combination of wealth management, insurance and asset management Capital to execute organic and inorganic growth opportunity Profile of low volatilit
Slide 21: Investment thesis
21AlTi Tiedemann Global Investment thesis Attractive business lines across Wealth Management and Strategic Alternatives with complementary growth drivers Comprehensive platform approach Growing global footprint Identified pipeline of inorganic growth opportunities Destination of choice for UHNW weal
Slide 22: 05. Appendix
22AlTi Tiedemann Global 05. Appendix
Slide 23: Experienced leadership
23AlTi Tiedemann Global Broad, global industry experience Experienced leadership * Denotes board members. Michael Tiedemann* Chief Executive Officer Kevin Moran Chief Operating Officer Stephen Yarad Chief Financial Officer Colleen Graham Global General Counsel and CRO Claire Verdirame Chief Marketin
Slide 24: Robust governance
24AlTi Tiedemann Global Robust governance Craig Smith Chair- Global WM Ali Bouzarif Representative Al Waddi AlTi Board Representatives Michael Tiedemann* Chief Executive Officer Nancy Curtin CIO- Global WM Spiros Maliagros Head of Strategic Alternatives Timothy Keaney Bank of New York Board Chair No
Slide 25: Strong track record executing and integrating acquisitions
25AlTi Tiedemann Global Strong track record executing and integrating acquisitions M&A Track Record in Wealth Management Acquisition Date Company Core Market Criteria 2023 Singapore/Asia 2021 UK 2019 France 2018 & 2023 2016 & 2017 Seattle/West Coast U.S. 2015 M&A Track Record in Strategic Alternativ
Slide 26: Investment terms
26AlTi Tiedemann Global Investment • Up to $300M ($250M at close and option to invest an additional $50M in the future) • $150M ($115M expected to fund by March 31, 2024. $35M expected to fund no later than June 30, 2024) Common stock • $110M at close through a new issue of 19.3 million shares of co
Slide 27: Glossary
27AlTi Tiedemann Global Glossary Assets Under Management and Assets Under Advisement. For financial presentation purposes, total assets under management and assets under advisement (“AUM/AUA”) of AlTi Global is calculated as set forth below: AUM/AUA includes billable and non-billable assets. Billabl