Great Elm Group, Inc. · NASDAQ:GEG

Great Elm — FY2022 Earnings Presentation

26 slides from Great Elm's earnings presentation, Sep 12, 2022

  1. Slide 1: Conference Call Presentation Fiscal Fourth Quarter and Year Ended June 30, 2022

    Great Elm Group, Inc. Conference Call Presentation Fiscal Fourth Quarter and Year Ended June 30, 2022 September 12, 2022 NASDAQ: GEG

  2. Slide 2: Disclaimer

    edit Master title style Disclaimer Statements in this press release that are “forward-looking” statements, including statements regarding expected growth, profitability, acquisition opportunities and outlook involve risks and uncertainties that may individually or collectively impact the matters des

  3. Slide 3: Strategy

    edit Master Business title style Strategy Growth Strategy  Acquire management rights to permanent capital vehicles that  Focus on driving asset growth in GECC and Monomoy utilize the expertise of our Board, management, and financial  Increase AUM through new fund launches, capital market resource

  4. Slide 4: Fiscal 2022 Annual Highlights

    edit Master title style Fiscal 2022 Annual Highlights Great Elm Group, Inc. | NASDAQ: GEG 4

  5. Slide 5: Fiscal 2022 Annual Highlights

    edit Master Fiscal title style 2022 Annual Highlights Consolidated IM Operating Companies • GECM acquired the investment • DME grew revenue by 10% • Great Elm grew revenue by management agreement for year-over-year 12% year-over-year Monomoy Properties REIT on May 5, 2022 • Adjusted EBIDTDA increase

  6. Slide 6: Consolidated Financials: By Quarter

    edit Master title Consolidated style Financials: By Quarter Summary (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment org

  7. Slide 7: Consolidated Financials: Year-Over-Year

    edit Master title Consolidated style Financials: Year-Over-Year Summary (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment

  8. Slide 8: Investment Management: A Scalable, High Margin Business

    edit MasterManagement: Investment title style A Scalable, High Margin Business AUM GROWTH HIGH MARGINS Grow GECC’s and Monomoy’s AUM AUM Growth Given the largely fixed cost nature of the through issuances of additional debt and Investment Management business, we equity, resulting in an increase in f

  9. Slide 9: Investment Management

    edit MasterManagement Investment title style In fiscal 4Q22, Investment Management generated Quarterly Highlight $1.5 million of revenue, a $1.8 million net loss and ($0.1) Adjusted EBITDA1 Great Elm Capital Management, Inc., a subsidiary of  Year over year revenue growth driven by an GEG, acquired

  10. Slide 10: Investment Management: By Quarter

    edit MasterManagement: Investment title style By Quarter (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment organization.

  11. Slide 11: Investment Management: Year-Over-Year

    edit MasterManagement: Investment title style Year-Over-Year (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment organizati

  12. Slide 12: DME – Operating Highlights

    edit Master Operating title style DME – Operating Highlights Companies:  In fiscal 4Q22, DME generated $16.5 million of revenue, a $0.2 million net loss and $3.6 million of Adjusted EBITDA1  Revenue increased due to continued organic growth in resupply sales and contributions from the AMPM and Med

  13. Slide 13: DME – By Quarter

    edit Master Operating title style DME – By Quarter Companies: (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment organizat

  14. Slide 14: DME – Year-Over-Year

    edit Master Operating title style DME – Year-Over-Year Companies: (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment organ

  15. Slide 15: Corporate: By Quarter

    edit Master General title style Corporate: By Quarter (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment organization. (2)

  16. Slide 16: Corporate: Year-Over-Year

    edit Master General title style Corporate: Year-Over-Year (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment organization.

  17. Slide 17: Financial Review: 4Q22 Consolidating Balance Sheets (Unaudited)

    edit Master Financial title style Review: 4Q22 Consolidating Balance Sheets (Unaudited) (1) Intercompany balances, including intercompany borrowings and GEG investments in subsidiaries. All intercompany balances eliminate in consolidation. Great Elm Group, Inc. | NASDAQ: GEG 17

  18. Slide 18: Financial Review: 4Q22 Consolidating Income Statement (Unaudited)

    edit Master Financial title style Review: 4Q22 Consolidating Income Statement (Unaudited) (1) Please refer to the disclaimers on slide 2 and the Adjusted EBITDA reconciliation tables in the Appendix. Great Elm Group, Inc. | NASDAQ: GEG 18

  19. Slide 19: Financial Review: 2022 Consolidating Income Statement (Unaudited)

    edit Master Financial title style Review: 2022 Consolidating Income Statement (Unaudited) (1) Please refer to the disclaimers on slide 2 and the Adjusted EBITDA reconciliation tables in the Appendix. Great Elm Group, Inc. | NASDAQ: GEG 19

  20. Slide 20: Strong Shareholder Alignment

    edit Master Strong title style Shareholder Alignment  Employees of GEG/Great Elm Capital Management, Inc. (“GECM”) Employee Share Employee Share  Employees of GEG collectively own approximately 1.9 million shares of GEG, collectively own approximately 1.9 million shares of GEG, representing repres

  21. Slide 21: Appendix

    edit Master title style Appendix Great Elm Group, Inc. | NASDAQ: GEG 21

  22. Slide 22: Appendix: Non-GAAP Reconciliation

    edit Master Appendix: title style Reconciliation Non-GAAP (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment organization.

  23. Slide 23: Appendix: Non-GAAP Reconciliation (cont.): Prior Year Period

    edit Master Appendix: title style Reconciliation (cont.): Prior Year Period Non-GAAP (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with cu

  24. Slide 24: Appendix: Non-GAAP Reconciliation

    edit Master Appendix: title style Reconciliation Non-GAAP (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with current segment organization.

  25. Slide 25: Appendix: Non-GAAP Reconciliation (cont.): Prior Year Period

    edit Master Appendix: title style Reconciliation (cont.): Prior Year Period Non-GAAP (1) Previously reported amounts below have been recast to reflect the full retrospective adoption of ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity and to conform with cu

  26. Slide 26: Contact Information

    edit Master Appendix: title style Contact Information Investor Relations Contact: Michael Kim investorrelations@greatelmcap.com Great Elm Group, Inc. | NASDAQ: GEG 26

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