Slide 1: Q4 2020 highlights
Q4 2020 highlights MARCH 25, 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: 2020 highlights
STRATEGIC HIGHLIGHTS 2020 HIGHLIGHTS Strategic Objectives Results • New strategy as a holding company to capitalize on the best investment opportunities Corporate • MIM(1) acquisition to help execute new strategy Transformation • New President added to enhance the executive team • Rapidly cut costs
Slide 8: 2021 priorities
STRATEGIC HIGHLIGHTS 2021 PRIORITIES Cash flow neutral at Execute strategic Capital allocation the holding company vision priorities Cash operating expenses, Continue to build a Earn an annual IRR >15% by preferred dividends, and portfolio of investments seeking long-term investments taxes covered b
Slide 9: Value accretive transactions
STRATEGIC HIGHLIGHTS VALUE ACCRETIVE TRANSACTIONS BIGLIFE and AirAsia Transaction Highlights Kognitiv and IRI Transaction Highlights BIGLIFE sales transaction: Sale of ISS: • Aimia’s 20% ownership in BIGLIFE to be sold • Industry leader, IRI, acquired Intelligent Shopper to AirAsia for $31.4 million
Slide 10: Investment highlights
INVESTMENT highlights MICHAEL LEHMANN
Slide 11: PLM member base and gross billings
INVESTMENT HIGHLIGHTS PLM MEMBER BASE AND GROSS BILLINGS* Members enrolled (million) +4.5% YoY 6.7 6.8 6.8 6.9 7.0 6.3 6.5 6.6 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 PLM Gross Billings(1) (million USD) FY 2019: $273.8 FY 2020: $147.9 (-46.0% YoY) 71.6 71.8 -48.2% YoY 68.7 64
Slide 12: PLM distributions and adjusted EBITDA
INVESTMENT HIGHLIGHTS PLM DISTRIBUTIONS AND ADJUSTED EBITDA* (1) PLM Adjusted EBITDA (million USD) FY 2019: $84.9 FY 2020: $37.9(2) (-55.4% YoY) 20.4 21.3 21.5 21.7 22.3 -59.4% YoY 10.2 8.8 -3.4 (3) (4) (5) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2019 2019 2019 2020 2020 2020 2020 Distributions paid to Aimia (
Slide 13: PLM financial metrics
INVESTMENT HIGHLIGHTS PLM FINANCIAL METRICS* (in millions of U.S. dollars) Operational Metric Q4 2020 Q4 2019 FY 2020 FY 2019 Enrolled members 7.0 6.7 7.0 6.7 Financial Results Q4 2020 Q4 2019 FY 2020 FY 2019 Gross Billings 37.2 71.8 147.9 273.6 Revenue 35.8 67.9 141.6 250.7 Earnings before net fina
Slide 14: Kognitiv financial metrics
INVESTMENT HIGHLIGHTS KOGNITIV FINANCIAL METRICS* (in millions of Canadian dollars) Kognitiv (millions of Canadian dollars) Q4 Q4 FY FY 2020 2019 2020 2019 Revenue(1) 23.9 - 53.1 - Net loss(1) (14.2) - (22.9) - Adjusted EBITDA(1)(2) (9.5) - (16.3) - • Kognitiv is currently focused on the transformat
Slide 15: Mittleman Investment Management
INVESTMENT HIGHLIGHTS MITTLEMAN INVESTMENT MANAGEMENT (in millions of Canadian dollars) Financial Results(1) Q4 2020 Q4 2019 FY 2020 FY 2019 Revenue from investment management fees 0.4 - 0.9 - Total Expenses(2) (1.1) - (1.7) - Earning (loss) before income taxes (0.7) - (0.8) - Assets Under Managemen
Slide 16: Clear Media privatization continues
INVESTMENT HIGHLIGHTS CLEAR MEDIA PRIVATIZATION CONTINUES Key Highlights: • Clear Media undergoing privatization transaction led by consortium of investors with an ownership stake of 88.2%(1) • In May 2020, Aimia invested $76.2 million to acquire • Consortium shareholding structure: Clear Media CEO
Slide 17: Financial highlights
FINANCIAL highlights STEVE LEONARD
Slide 18: Consolidated financial results
FINANCIAL HIGHLIGHTS CONSOLIDATED FINANCIAL RESULTS (in millions of Canadian dollars) Consolidated Financial Results Q4 2020 Q4 2019 FY 2020 FY 2019 Share of net earnings (loss) of equity-accounted investments 3.1 11.6 1.4 29.6 Net fair value gain (loss) on investments in equity instruments 6.4 5.6
Slide 19: Holdings segment results
FINANCIAL HIGHLIGHTS HOLDINGS SEGMENT RESULTS* (in millions of Canadian dollars) Q4 2020 Q4 2019 FY 2020 FY 2019 Share of net earnings (loss) of equity-accounted investments 3.1 11.6 1.4 29.6 Net fair value gain (loss) on investments in equity instruments 6.4 5.6 9.5 89.6 Interest Income 0.3 1.8 2.5
Slide 20: Movements in cash and cash equivalents
FINANCIAL HIGHLIGHTS MOVEMENTS IN CASH AND CASH EQUIVALENTS (in millions of Canadian dollars) -$26.1 million QoQ 1.4 million shares repurchased at $3.92(1) 2nd half of 1st half of initial commitment initial commitment • JCDecaux $10.5 • Other public securities $4.7 (2) Strong liquidity position with
Slide 21: Key Takeaways
Key Takeaways ; -
Slide 22: Exciting and promising future
KEY TAKEAWAYS EXCITING AND PROMISING FUTURE 2020 has been a transformative year, and we have been moving at a rapid pace to create stakeholder value Significant progress made in executing on our new strategy demonstrating our unwavering confidence in Aimia’s value and future prospects 2021 is shapin
Slide 23: Questions
Questions 23
Slide 24: Contact
CONTACT Tom Tran Director, Investor Relations T: +1 416 352 3728 E: tom.tran@aimia.com