Fg Nexus Inc. · NASDAQ:FGNX
Fg Nexus — FG Financial Group — Investor Presentation (December 2021)
16 slides from Fg Nexus's investor presentation, Dec 9, 2021
Slide 1: FG Financial Group Inc. December 2021
Fey] FINANCIAL GROUP INC. ‘Common Stock: FGF 8% Preferred: FGFPP December 2021
Slide 2: Safe Harbor
SAFE HARBOR ‘This dacment provided to ait ctor and prompts isos valaing FG Finacial Grovp, he “Cama nd may ot cota lof ‘he nformaton fot you comidernecestry fron inveximert econ. The Company ies Amual Reports on Form TOK nd Quarter Reports on Form 10.0, which sto sa noted wih on vest the Company, os
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 investment management holding company
FG Financial Group is a reinsurance and investment management holding company focused on opportunistic collateralized and loss capped reinsurance, while allocating capital in partnership with Fundamental Global® to SPAC and SPAC sponsor-related businesses.
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS Growing Reinsurance and FG SPAC Platform with experienced management team * Attractive financial model — opportunistic reinsurance and SPAC platform * Reinsurance team led by experienced reinsurance executives * Ahard reinsurance market — with a number of other catalysts — is p
Slide 6: Focused Capital Allocators
FOCUSED CAPITAL ALLOCATORS Transition to 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 Finemelal Group, Ine Launched Reinsurance Bus
Slide 7: FG Financial Group Team
FG FINANCIAL GROUP TEAM Led by exps KYLE CERMINARA, CFA. Executive Choinnon + Co-Founder and CEO of Fundamental Global FG) + Former Buyside ot T-Rowe Price, Poi? and Highse + Inatitona meter Magazine “est of ‘he Buyside” forthe Fondo services sector 2008 LARRY G. SWETS, JR., CFA Chiel Executive Offi
Slide 8: FG Financial Group Strategy
FG FINANCIAL GROUP STRATEGY We look at the business from a long-term (5-10 years) vantage point 1. Write opportunistic reinsurance 2. Become a leading SPAC Platform 3. 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 fully collateralized and loss capped
Slide 10: FG Reinsurance Platform
FG REINSURANCE PLATFORM Two contracts written and cultivating options for additional contracts = Led by experienced reinsurance team * First contract is a quota share with an independent specialist insurance and reinsurance syndicate at Lloyd’s = Second contract is a quota share with a leading Insur
Slide 11: SPAC D&O Liability Opportunity
SPAC D&O LIABILITY OPPORTUNITY Representative of how team evaluates capital allocation opportunities = Disruption in SPAC D&O insurance market has created immediate opportunity * Longer-term potential in small-cap and micro-cap company D&O insurance * Risk Retention Group (RRG) being formed = Reinsu
Slide 12: FG SPAC Platform
FG SPAC PLATFORM FG SPAC Platform is an investor and servicer of SPACs + Compelling asymmetric risk/reward opportunities * Investments in Flagship SPACs and Partner SPACs! = Turnkey solutions for Partner SPACs * Alignment of interests — we invest alongside our partners + FG New America Acquisition C
Slide 13: All SPACs Are Not Created Equal
ALL SPACS ARE NOT CREATED EQUAL Well-structured SPACs sponsored and supported by proven business builders should remain a vital component of the capital markets ] PUBLIC ‘COMPAN) qEaee EXPERIEN SPAC-SPECIFIC CHAIRMAN DIRECTOR: EXPERIENCE DEAL FLOW & [DECADES OF DUE DILIGENCE [INVESTMENT RAISES & SUP
Slide 14: Current SPAC Investments
CURRENT SPAC INVESTMENTS FG New America Acquisition Corp. now operates as Opp, Inc. (NYSE: OPFl) Business Combination Agreement with OppFi closed on 7.20.2021 OppF’s Class A common stock and warrants began trading on the NYSE under the ticker symbols “OPFI” ‘and “OPF! WS," respectively, on 7.21.2021
Slide 15: Securities Information
SECURITIES INFORMATION Common Stock: FGF* SHARES ISSUED & OUTSTANDING 6,493,206 UNVESTED RSUs/OPTIONS 215,325 WARRANTS @ $15.00 1,500,000 FULLY DILUTED SHARES 8,208,531 FLOAT 1,715,325 Preferred Stock: FGFPP 8.00% CUMULATIVE PREFERRED, SERIES A SHARES OUTSTANDING 894,580" PAR VALUE $25.00
Slide 16: Investment Highlights
INVESTMENT HIGHLIGHTS Growing Reinsurance and FG SPAC Platform with experienced management team * Attractive financial model — opportunistic reinsurance and SPAC platform * Reinsurance team led by experienced reinsurance executives * Ahard reinsurance market — with a number of other catalysts — is p
FG Financial Group — Investor Presentation (December 2021) on 6ix