Alti Global, Inc. · NASDAQ:ALTI
Alti Global — Cartesian Growth — SPAC Merger (May 2022)
32 slides from Alti Global's SPAC merger presentation, May 13, 2022
Slide 1: Investor Presentation | May 2022
Investor Presentation | May 2022 Exhibit 99.1
Slide 2: Disclaimer
Disclaimer This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist prospective purchasers in a private placement in making their own evaluation with respect to the proposed business combination (the “Business Comb
Slide 3: Disclaimer (cont’d)
Disclaimer (cont’d) Nothing in this Presentation should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance
Slide 4: Disclaimer (cont’d)
Disclaimer (cont’d) Use of Non-GAAP Financial Measures. This Presentation includes non-GAAP financial measures. CGC and the Companies believe that these non-GAAP measures are useful to investors for two principal reasons. First, they believe these measures may assist investors in comparing performan
Slide 5: AlTi Company Overview
Alli Company Overview
Slide 6: Sponsor Overview
Sponsor Overview Cartesian Growth Corp. (“CGC”): SPAC sponsored by affiliate of Cartesian The Cartesian team has a demonstrated ability to create value built on strategic advice, risk management, business intelligence, & institutional systems and infrastructure AlTi Alignment Value-creating sponsor
Slide 7: World-class leadership
World-class leadership Alexander de Meyer Michael Tiedemann Nancy Curtin Head of Investment Advisory and CIO of Alvarium Former CIO for wealth business ($18B AUM) Senior investment professional at Fortune, Schroders, & Barings Built multiple traditional & alternative businesses Chief Executive Offic
Slide 8: By the numbers
Melbourne Auckland Hong Kong Zurich Baar Geneva Lugano Singapore Milan Paris London Lisbon Los Angeles San Francisco Miami Palm Beach Aspen Wilmington, DE Washington, DC New York Dallas Seattle Portland Toronto We serve clients in major wealth centers from 25 cities in 11 countries across 4 continen
Slide 9: Strategically located
Strategically located Melbourne Auckland Hong Kong Zurich Baar Geneva Lugano Singapore Milan Paris London Lisbon San Francisco Miami Palm Beach Aspen Wilmington, DE Washington, DC New York Dallas Seattle Portland Toronto We serve clients in major wealth centers from 24 cities in 11 countries across
Slide 10: Unique global solutions
Co-Investments & Merchant Banking Unique global solutions Global Families & Institutions Multi-Generational Entrepreneurs NextGen Global Leaders Investment Advisory Trust & Estate Planning Family Office Services Impact, Innovation, & Alternatives Supporting the Full Client Lifecycle: Growth Liquidit
Slide 11: A proven & powerful business model
A proven & powerful business model Comprehensive, global, & proprietary services tailored to global, cross-border clients Local service & global reach Proprietary direct & co-investment opportunities; JVs with leading alternative asset managers Active thought leadership in environmental, social, & g
Slide 12: Stability, profitability, & growth
Stability, profitability, & growth Note: Please see the important disclaimers on non-GAAP measures, the calculation methodology of AUM / AUA, Economic EBITDA, and fee type breakdown with respect to each of TWMH, Alvarium, and the TIG Entities on page 4 of this presentation Combined Year-End AUM / AU
Slide 13: A resilient client base & expanding opportunity set
A resilient client base & expanding opportunity set Client composition reflects largest 25 AlTi clients as measured by billable assets as of December 31, 2021 Note: Please see the important disclaimers on non-GAAP measures and the calculation methodology of AUM / AUA with respect to each of TWMH, Al
Slide 14: Our unique vision
Our unique vision Operating Targets $100B+ AUM / AUA 40%+ EBITDA MARGIN Client Targets 50% - 50% U.S. VS. INTERNATIONAL $50M AVERAGE CLIENT AUM / AUA Impact Targets $25B COMMITTED TO IMPACT STRATEGIES 2030 YEAR OF NET ZERO EMISSION Personnel Targets 50% WOMEN IN SENIOR MANAGEMENT 50% DIVERSITY AMONG
Slide 15: Investment highlights
Investment highlights Global scale and favorable macro-operating environment Resilient, loyal client base and expanding opportunity set Differentiated alternative asset management platform with ample whitespace Stable, profitable, growing financial profile Balance sheet light model generating high f
Slide 16: AlTi The Opportunity
Alli The Opportunity
Slide 17: An opportunity powered by multi-decadal trajectories
An opportunity powered by multi-decadal trajectories $102 trillion global opportunity, double digit growth, with clients demanding integrated capabilities and institutional solutions U.S. Wealth Transfer (2018-2042P) U.S. Independent Advisor AUM (2014-2024P)(2) $70 trillion wealth transfer creates o
Slide 18: Across Generations
Across Generations Serving evolving client priorities Ultra-High-Net-Worth (“UNHW”) Asset Allocation Alt. Asset Exposure by Demographic (2021-2024P) Relevance of ESG Factors Demand for alternatives, a $17 trillion market by the end of 2025, aligns with our expertise Next generation particularly inte
Slide 19: Demonstrated track record of inorganic growth
We have a demonstrated track record of inorganic growth in wealth & asset management Acquisition of Wealth Managers CAGR: 12% CAGR: 33% # of Transactions Minority Stake Acquisitions in Alternative Asset Managers # of Transactions Select AlTi M&A Examples Wealth Management Integrating Acquisitions Al
Slide 20: Differentiated alternative asset management platform
Differentiated alternative asset management platform Our global network of alternative asset management capabilities is built on an end-to-end support platform for entrepreneurial managers, driving significant growth Comprehensive Support Platform Alternative Managers Infrastructure & Administration
Slide 21: Stability, profitability, & growth
Stability, profitability, & growth Note: Please see the important disclaimers on non-GAAP measures, the calculation methodology of AUM / AUA, Economic EBITDA, and fee type breakdown with respect to each of TWMH, Alvarium, and the TIG Entities on page 4 of this presentation (1) Pro-forma Economic EBI
Slide 22: Transaction Overview
Transaction Overview
Slide 23: Transaction summary
Transaction summary Valuation The transaction implies a pro forma equity value of $1.427 billion for Alvarium Tiedemann Holdings, Inc. Permanence, Commitment, & Alignment Over 96% of equity held by operating partners is being rolled into the post-closing company Multi-year lock-up for active partner
Slide 24: Transaction overview
Transaction overview $1.4B PF Equity Value $Millions; unless otherwise stated Estimated Sources and Uses Illustrative Pro Forma Valuation Illustrative Pro Forma Ownership Notes: • Excludes shares subject to 5-year earnout - 13.5 million shares subject to be issued to Existing Partners & Families upo
Slide 25: Additional Information
Additional Information
Slide 26: Alvarium Tiedemann ecosystem
Alvarium Tiedemann ecosystem Holistic wealth and investment partner delivering customized client solutions through globally integrated teams of professional advisors Repeatable, disciplined investment process to compound wealth across traditional and alternative asset classes Alternative, innovation
Slide 27: Established foundation poised to accelerate growth
Established foundation poised to accelerate growth Quality Foundation Distinctive, Global, & Growing Long-Tenured Client Relationships Robust, Flexible, & Scaled Independent Advisory Institutionalization Impact and Innovation Leveraging Synergies Partnerships Consolidation Growing AUM / AUA to $100+
Slide 28: Our commitment to DEI & ESG best practices
Our commitment to DEI & ESG best practices Culture at the Core Diversity, Equity, & Inclusion is a matter of principle for us and is fundamental to how we operate. Our commitment is reflected in our inclusive culture, hiring practices, educational programs, community involvement, & environmental pro
Slide 29: Executive committee
Executive committee Alexander de Meyer 15+ years experience Executive Committee Michael Tiedemann 25+ years experience Chief Executive Officer Spiros Maliagros 20+ years experience Executive Committee Kevin Moran 15+ years experience Chief Operating Officer Christine Zhao 20+ years experience Chief
Slide 30: Risk factors
Risk factors The risk factors below have been prepared solely for purposes of the proposed private placement (the “Private Placement”) of common equity of Cartesian Growth Corporation in connection with the proposed business combination (the “Business Combination”) among Cartesian Growth Corporation
Slide 31: Risk factors (cont’d)
Risk factors (cont’d) The Company’s information and technology systems may be vulnerable to damage or interruption from computer viruses, network failures, computer and telecommunication failures, infiltration by unauthorized persons and security breaches, usage errors by its professionals, power ou
Slide 32: Risk factors (cont’d)
Risk factors (cont’d) The Company’s management team has limited experience managing a public company. If securities or industry analysts do not publish research or reports about the Company’s business, if they adversely change their recommendations regarding its shares or if its results of operation