Calibercos Inc. · NASDAQ:CWD
Calibercos — Q1 2025 Earnings Presentation
41 slides from Calibercos's earnings presentation, May 15, 2025
Slide 1: 1Q25 Earnings Supplemental
1Q25 Earnings Supplemental ©2025 Caliber Building on a 16-year track record of profitable growth and success
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes statements concerning CaliberCos Inc.’s (the “Company,” or “Caliber”) expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance, or growth and other statements that are not historical
Slide 3: Today's Speakers
Today’s Speakers 3T H E W E A L T H D E V E L O P M E N T C O M P A N Y Chris Loeffler CHIEF EXECUTIVE OFFICER Jade Leung CHIEF FINANCIAL OFFICER Chris Loeffler has served as the CEO and Chairman of Caliber’s Board of Directors since its inception. As CEO, Chris directs and executes global strategy,
Slide 4: CEO Commentary
CEO Commentary 4T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 5: Why Invest
1. 16+-year history of growth across market cycles with $2.9 billion pool of assets under management and under development 2. Demonstrated track record of delivering unlevered annualized gross internal rate of return (IRR) of 19% on investments sold 3. Large and growing market opportunity with inves
Slide 6: Caliber… In Three Numbers
Caliber… In Three Numbers 6T H E W E A L T H D E V E L O P M E N T C O M P A N Y 16 yrs 19% IRR $2.9 Billion* *AUD & AUM
Slide 7: Publicly Traded Parent Operates Investment Funds
Publicly Traded Parent Operates Investment Funds 7T H E W E A L T H D E V E L O P M E N T C O M P A N Y Caliber Nasdaq: CWD RE Fund 1 RE Fund 2 Hotel UPREIT
Slide 8: Caliber Invests in Hospitality, Multi-Family & Multi-Tenant Industrial
8 HOSPITALITY/HOTEL MULTI-FAMILY HOUSING MULTI-TENANT INDUSTRIAL Caliber Invests in Hospitality, Multi-Family & Multi-Tenant Industrial
Slide 9: The Best Opportunities are in the Middle-Market
9T H E W E A L T H D E V E L O P M E N T C O M P A N Y The Best Opportunities are in the Middle-Market Middle-Market Assets • $5 to $50 million per project • Large opportunity set • Highly-fragmented market • Less competition • Caliber’s in-house services model enables access Middle Market Geographi
Slide 10: We Solve Our Clients' Financial Needs
10T H E W E A L T H D E V E L O P M E N T C O M P A N Y Income Lending, CORE Plus, Value Add Growth Distressed and Special Situations, Adaptive Re-Use & Development Tax Planning/Reduction Opportunity Zone Funds, 1031 Investments We Solve Our Clients’ Financial Needs Desired Outcome Caliber Product O
Slide 11: Our Market Is Growing Dramatically
Our Market Is Growing Dramatically 11T H E W E A L T H D E V E L O P M E N T C O M P A N Y Source: Preqin Future of Alternatives 2028 report, October 2023 *Forecast 10.1 16.3 24.5 0 5 10 15 20 25 30 2019 2024* 2028* A ss e ts U n d e r M a n a g e m e n t ($ tr il lio n ) $24.5 Trillion in Global Al
Slide 12: We Have Multiple Revenue Streams
Performance Allocations Asset Management Revenue We Have Multiple Revenue Streams 12T H E W E A L T H D E V E L O P M E N T C O M P A N Y Note: asset services performed in-house at market rates.
Slide 13: Increasing The Money We Manage/Invest Is A Core Growth Driver
Increasing The Money We Manage/Invest Is A Core Growth Driver 13T H E W E A L T H D E V E L O P M E N T C O M P A N Y High Net-Worth Investors Registered Investment Advisors & Independent Broker-Dealers Family Offices Boutique Institutions Caliber Private Client Sales Caliber Wholesale Caliber Insti
Slide 14: Caliber Hospitality Trust – Another Path To Revenue Growth
Caliber Hospitality Trust – Another Path To Revenue Growth 14T H E W E A L T H D E V E L O P M E N T C O M P A N Y Using the Caliber infrastructure to launch public investment products
Slide 15: Consistent Growth – A Model We've Succeeded With For Years
Consistent Growth – A Model We’ve Succeeded With For 15 Years 15T H E W E A L T H D E V E L O P M E N T C O M P A N Y Raise Capital Grow Assets Under Management Grow Revenue
Slide 16: Caliber Earns More Per Dollar in AUM
Source: Caliber’s estimates and internal research reviewing comparable business models Caliber Earns More Per Dollar in AUM 16T H E W E A L T H D E V E L O P M E N T C O M P A N Y Caliber’s In-House Services Model: Increased Control & Multiple Revenue Streams Traditional Asset Managers: Lower Contro
Slide 17: Path Forward for Enterprise Value Growth
Path Forward for Enterprise Value Growth 17T H E W E A L T H D E V E L O P M E N T C O M P A N Y Fundraising Product Innovation Acquisitions
Slide 18: The people who built Caliber, still manage Caliber
18T H E W E A L T H D E V E L O P M E N T C O M P A N Y The people who built Caliber, still manage Caliber Chris Loeffler CHIEF EXECUTIVE OFFICER Jennifer Schrader PRESIDENT Jade Leung CHIEF FINANCIAL OFFICER Roy Bade CHIEF DEVELOPMENT OFFICER With a growing team of talented executives Ignacio Marti
Slide 19: Independent Board Committed to Strong Corporate Governance
Independent Board Committed to Strong Corporate Governance 19T H E W E A L T H D E V E L O P M E N T C O M P A N Y • Chris Loeffler – Chief Executive Officer & Co-Founder • Jennifer Schrader – President & Co-Founder • Dan Hansen – Lead Independent Director • William J. Gerber – Director • Michael Tr
Slide 20: 1Q25 Financial Highlights
1Q25 Financial Highlights 20T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 21: 1Q25 – Summary Highlights
1Q25 – Summary Highlights 21T H E W E A L T H D E V E L O P M E N T C O M P A N Y Financial Measures Metrics Corporate • Fair value assets under management of $831 million • Managed capital of $495 million • Platform revenue of $3.5 million, primarily driven by asset management revenue • Platform ne
Slide 22: 1st Quarter – Historical Summary Results
1st Quarter – Historical Summary Results 22T H E W E A L T H D E V E L O P M E N T C O M P A N Y $392 $402 $412 $438 $454 $470 $485 $493 $495 $- $100 $200 $300 $400 $500 $600 $700 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 (0 0 0 ,0 0 0 s) Managed Capital $1,034 $(2,327) $(1,511) $1,553 $(1,669) $
Slide 23: 1st Quarter Summary Results
$22,951 $7,261 $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 1Q24 1Q25 (0 0 0 s) Total Consolidated Revenue* 1st Quarter Summary Results 23T H E W E A L T H D E V E L O P M E N T C O M P A N Y Source: Caliber reports Net Loss (per common share) $(3.53) 1Q24 $(3.85) 1Q25 $4,726 $3,549 $-
Slide 24: Annual Platform Revenue & Platform Adjusted EBITDA
Annual Platform Revenue & Platform Adjusted EBITDA 24T H E W E A L T H D E V E L O P M E N T C O M P A N Y , , , , , , , , ) , , , ) , ) , ) , , , , , , otal lat orm re en es lat orm ste
Slide 25: Annual Managed Capital & Asset Management Revenue
Annual Managed Capital & Asset Management Revenue 25T H E W E A L T H D E V E L O P M E N T C O M P A N Y $82MM $32MM $99MM $86MM $75MM $69MM $205MM $226MM $307MM $383MM $438MM $493MM $396MM $420MM $601MM $746MM $741MM $795MM $21.1MM $11.8MM $15.3MM $21.6MM $17.MM $20.6MM - 100,000 200,000 300,000 4
Slide 26: 1Q25 Financial Review
1Q25 Financial Review 26T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 27: GAAP Income Statement
GAAP Income Statement 27T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 28: GAAP Income Statement (cont.)
GAAP Income Statement (cont.) 28T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 29: GAAP Balance Sheet
GAAP Balance Sheet 29T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 30: GAAP Balance Sheet (concl.)
GAAP Balance Sheet (concl.) 30T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 31: GAAP Balance Sheet (cont.)
GAAP Balance Sheet (cont.) 31T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 32: CaliberCos Contacts
https://www.caliberco.com/ CaliberCos NASDAQ: CWD Contacts: Chris Loeffler, CEO Chris.Loeffler@CaliberCo.com Ilya Grozovsky, VP of Investor Relations & Corporate Development Ilya.Grozovsky@CaliberCo.com
Slide 33: Appendix
Appendix 33T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 34: Non-GAAP Measures
34T H E W E A L T H D E V E L O P M E N T C O M P A N Y Non-GAAP Measures We use non-GAAP financial measures to evaluate operating performance, identify trends, formulate financial projections, make strategic decisions, and for other discretionary purposes. We believe that these measures enhance the
Slide 35: Platform Earnings
35T H E W E A L T H D E V E L O P M E N T C O M P A N Y Platform Earnings Platform Earnings represents the performance of the Caliber asset management platform segment, which generates revenues and expenses from managing our investment portfolio, excluding any consolidated assets or funds. Platform
Slide 36: Platform Income Statement
Platform Income Statement 36T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 37: Platform Income Statement (Cont.)
Platform Income Statement (Cont.) 37T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 38: NON-GAAP Reconciliations
NON-GAAP Reconciliations 38T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 39: NON-GAAP Reconciliations (cont.)
NON-GAAP Reconciliations (cont.) 39T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 40: NON-GAAP Reconciliations (cont.)
NON-GAAP Reconciliations (cont.) 40T H E W E A L T H D E V E L O P M E N T C O M P A N Y
Slide 41: NON-GAAP Reconciliations (cont.)
NON-GAAP Reconciliations (cont.) 41T H E W E A L T H D E V E L O P M E N T C O M P A N Y