Fg Nexus Inc. · NASDAQ:FGNX
Fg Nexus — FG Financial Group — Investor Presentation (January 2023)
16 slides from Fg Nexus's investor presentation, Jan 26, 2023
Slide 1: FG Financial Group, Inc. – January 2023
rey FINANCIAL GROUP INC. Common Stock: FGF 8% Preferred: FGFPP January 2023 The FG logo Is « registered trademark of Fundamental Global
Slide 2: Safe Harbor: Cautionary Statements
SAFE HARBOR Cautionary Statements This document is provided to assist investors and prospective investors in evaluating FG Financial Group, Inc. (the Company") and may not contain all of the information that you consider necessary for an investment decision. The Company files Annual Reports on Form
Slide 3: It all starts with a capital allocation philosophy
IT ALL STARTS WITH A CAPITAL ALLOCATION PHILOSOPHY. “Grow intrinsic value per share with a long-term focus using fundamental research, allocating capital to asymmetric risk/reward opportunities.”
Slide 4: FG Financial Group is a reinsurance and asset management holding company
FG Financial Group is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS Growing Reinsurance, Asset Management and Merchant Banking businesses with experienced management team = Momentum building flywheel strategy of Reinsurance, Asset Management and Merchant Banking supports long-term value creation = Growing reinsurance business in a hard market e
Slide 6: FG Financial Strategy
FG FINANCIAL STRATEGY Evolving capital allocation model focused on asymmetric risk/reward opportunities RESTRUCTURE 2019 Completed Sale of P&C insurance operations Announced new business strategy FOCUS 2020 New CEO Larry Swets Name Change to FG Financial Group, Inc. Launched Reinsurance Business Fun
Slide 7: FG Financial Group Team
FG FINANCIAL GROUP TEAM Led by experienced capital allocators and operators in both public and private markets KYLE CERMINARA, CFA Chairman * Co-Founder and CEO of Fundamental Global (FG) * Former Buyside at T. Rowe Price, Point72 and Highside * Institutional Investor Magazine “Best of the Buyside”
Slide 8: FG Financial Group Strategy
FG FINANCIAL GROUP STRATEGY We look at the business from a long-term (5-10 years) vantage point Write Opportunistic ie Reinsurance c The FG Financial ( : Expand Group Flywheel [ nee Banking \ Activities Grow Assets Under Management
Slide 9: FG Reinsurance Platform
FG REINSURANCE PLATFORM Conservative capital allocation philosophy to drive value = Focus on reinsurance contracts with unique risk/reward characteristics Capital allocation mindset enables us to be patient = Risk management through experienced underwriting of collateralized and loss capped reinsura
Slide 10: FG Reinsurance Platform: Seven contracts written
FG REINSURANCE PLATFORM Seven contracts written and cultivating options for additional contracts = Led by experienced reinsurance team = Seven reinsurance contracts written * Contracts include quota shares with an independent specialist insurance and reinsurance syndicate at Lloyd’s and a leading In
Slide 11: D&O Liability Opportunity
D&O LIABILITY OPPORTUNITY Representative of how team evaluates capital allocation opportunities = Disruption in SPAC D&O insurance market has created opportunity * Potential in small-cap and micro-cap company D&O insurance = Risk-Assuming Entity being formed and licensed = Reinsurance risk looks com
Slide 12: Merchant Banking
MERCHANT BANKING Leveraging the team’s skillset across a larger universe of opportunities = Strategy is natural progression which builds upon our initial success with reinsurance and SPACs = Expands addressable market beyond SPACs to encompass a larger universe of opportunities including reverse mer
Slide 13: Current De-SPACs
CURRENT DE-SPACS FG New America Acquisition Corp. now operates as OppFi, Inc. (NYSE: OPFl) Business Combination Agreement with OppFi closed on 7.20.2021 OppFi’s Class A common stock and warrants began trading on the NYSE under the ticker symbols “OPFI” and “OPFI WS,” respectively, on 7.21.2021 FG Fi
Slide 14: FG SPAC Platform Sponsor IPOs
FG SPAC PLATFORM SPONSOR IPOS FG Merger Corp. (Nasdaq: FGMCU) FG Merger Corp. completed an $80.5M IPO in March 2022 FG Financial Group Owns:* 820,000 Common Shares 989,000 $11.50 Warrants 85,000 $15 Warrants * Approximate exposure through subsidiaries. As of June 30, 2022. " Bosed on certoin adivstm
Slide 15: Securities Information
SECURITIES INFORMATION Common Stock: FGF* Shares Issued & Outstanding 9,369,040 Unvested RSUs/Options 402,815 Equity Award Agreement 370,000 Fully Diluted Shares 10,141,855 Float 3,757,000 *Dato os of September 13, 2022 Preferred Stock: FGFPP 8.00% Cumulative Preferred, Series A Shares Outstanding 8
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS Growing Reinsurance, Asset Management and Merchant Banking businesses with experienced management team = Momentum building flywheel strategy of Reinsurance, Asset Management and Merchant Banking supports long-term value creation = Growing reinsurance business in a hard market e
FG Financial Group — Investor Presentation (January 2023) on 6ix