Slide 1: Q1 2021 highlights
Q1 2021 highlights MAY 14, 2021
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 © 2021 Aimia. All rights reserved. 4
Slide 5: Agenda
AGENDA Strategic Investment Financial highlights highlights highlights © 2021 Aimia. All rights reserved. 5
Slide 6: Strategic highlights
STRATEGIC highlights PHIL MITTLEMAN
Slide 7: Q1 2021 Highlights
STRATEGIC HIGHLIGHTS Q1 2021 HIGHLIGHTS Strategic Objectives Results • PLM: investment continues to perform well with signs of ongoing recovery in its operating performance; PLM distributions to Aimia of $9.8 million. • Kognitiv: Strategic progress made with the exceptional talent added to the leade
Slide 8: Investment highlights
INVESTMENT highlights MICHAEL LEHMANN
Slide 9: PLM member base and gross billings
INVESTMENT HIGHLIGHTS PLM MEMBER BASE AND GROSS BILLINGS Members enrolled (million) +4.4% YoY 6.9 7.0 7.1 6.6 6.7 6.8 6.8 6.5 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 PLM Gross Billings(1) (million USD) -44.8% YoY 68.7 71.6 71.8 64.3 -4.6% QoQ 37.2 35.5 20.1 26.3 Q2 2019 Q3 20
Slide 10: PLM distributions and adjusted EBITDA
INVESTMENT HIGHLIGHTS PLM DISTRIBUTIONS AND ADJUSTED EBITDA* (1) PLM Adjusted EBITDA (million USD) -47.9% YoY 21.3 21.5 21.7 22.3 +31.8% QoQ 11.6 10.2 8.8 -3.4 (2) (3) (4) Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 2019 2019 2020 2020 2020 2020 2021 Distributions paid to Aimia (million CAD) +3.2% YoY Temporarily
Slide 11: PLM financial metrics
INVESTMENT HIGHLIGHTS PLM FINANCIAL METRICS* (in millions of U.S. dollars) Operational Metric Q1 2021 Q1 2020 Enrolled members 7.1 6.8 Financial Results Q1 2021 Q1 2020 Gross Billings 35.5 64.3 Revenue 28.7 55.2 Earnings before net financial expense and income tax expense 6.6 16.3 Adjusted EBITDA(1)
Slide 12: Kognitiv financial metrics
INVESTMENT HIGHLIGHTS KOGNITIV FINANCIAL METRICS* Revenue(1) (million CAD) $5.0 million impact from the sale of ISS to IRI. 25.2 23.9 (3) 14.4 Q3 2020 Q4 2020 Q1 2021 Adjusted EBITDA(1)(2) (million CAD) -6.3 -9.5 (3) -11.4 Q3 2020 Q4 2020 Q1 2021 *This presentation contains both IFRS and non-GAAP fi
Slide 13: Mittleman Investment Management
INVESTMENT HIGHLIGHTS MITTLEMAN INVESTMENT MANAGEMENT Assets Under Management(1) (million CAD) 201.4 230.3 244.8 Q3 2020 Q4 2020 Q1 2021 Revenue from investment management fees(1) (million CAD) 0.4 0.4 0.5 Q3 2020 Q4 2020 Q1 2021 Loss before income taxes(1) (million CAD) -0.1 (2) -0.4 (2) -0.7 Q3 20
Slide 14: Clear Media
INVESTMENT HIGHLIGHTS CLEAR MEDIA • Clear Media is the largest outdoor advertising firm in China Key Highlights: with a network of over 59,000 display panels covering 24 cities. • In May 2020, Aimia invested $76.2 million to acquire • The company is undergoing a privatization transaction led by 58,7
Slide 15: Financial highlights
FINANCIAL highlights STEVE LEONARD
Slide 16: Consolidated financial results
FINANCIAL HIGHLIGHTS CONSOLIDATED FINANCIAL RESULTS (in millions of Canadian dollars) Consolidated Financial Results Q1 2021 Q1 2020 Share of net earnings (loss) of equity-accounted investments (4.4) (5.5) Net fair value gain on investments in equity instruments 5.4 - Interest Income 0.2 1.5 Revenue
Slide 17: Holdings segment results
FINANCIAL HIGHLIGHTS HOLDINGS SEGMENT RESULTS* (in millions of Canadian dollars) Q1 2021 Q1 2020 Share of net earnings (loss) of equity-accounted investments (4.4) (5.5) Net fair value gain on investments in equity instruments 5.4 - Interest Income 0.2 1.5 Total Income 1.2 (4.0) Compensation and ben
Slide 18: Movements in cash and cash equivalents
FINANCIAL HIGHLIGHTS MOVEMENTS IN CASH AND CASH EQUIVALENTS (in millions of Canadian dollars) (2) • AirAsia $(9.4) • Newmark $(4.4) • Other $(3.9) (1) (1) Holdings cash operating costs is calculated as the sum of compensation and benefits, professional, advisory and service fees, technology and othe
Slide 19: Key Takeaways
Key Takeaways ; -
Slide 20: Exciting and promising future
KEY TAKEAWAYS EXCITING AND PROMISING FUTURE 2021 is shaping up to be an exciting year. We remain focused on continuing to grow our existing assets. Seeking new investment opportunities to deliver enduring value to Aimia stakeholders. © 2021 Aimia. All rights reserved. 20
Slide 21: Questions
Questions 21
Slide 22: Contact
CONTACT Tom Tran Director, Investor Relations T: +1 647 208 2166 E: tom.tran@corp.aimia.com