Fg Imperii Acquisition Corp. · NASDAQ:FGII
Fg Imperii Acquisition — FG Group Holdings — Q2 2023 Earnings Presentation
17 slides from Fg Imperii Acquisition's earnings presentation, Aug 1, 2023
Slide 1: Second Quarter 2023 Results
NYSE American: FGH S E C O N D Q U A R T E R 2 0 2 3 R E S U LT S
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures This presentation may include forward-looking statements. Any statements contained herein regarding our strategy, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, other t
Slide 3: Q2 Investment Highlights
Q2 Investment Highlights § Completed initial public offering of Strong Global Entertainment, retaining controlling position with current 84.0% ownership § Consolidated revenue and Adjusted EBITDA more than doubled YoY § Non-consolidated equity holdings - multiple growth catalysts § Real estate holdi
Slide 4: FG Group Holdings At-A-Glance
FG Group Holdings At-A-Glance Real Estate Holdings Controlling Interest Minority Equity Holdings Commercial Real Estate Trusted brand deeply embedded Top-ten lumber Fast growing street-level Reinsurance and Valuable land and in the global entertainment producer in Canada digital media platform asset
Slide 5: Strong Global Entertainment (NYSE: SGE)
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Slide 6: Q2 2023 Highlights Growth Continues
Q2 2023 Highlights Growth Continues § Completed initial public offering in May 2023 § Revenue and Adjusted EBITDA more than doubled YoY with increased demand for screens & services and our first significant sale of IP at Strong Studios 24% 43% Screen Sales Cinema Services § Established dedicated ins
Slide 7: Growth Drivers
Growth Drivers Blockbusters continue Laser upgrade cycle Growing market Expanding global Non-cinema revenue to drive cinema propelling revenue share with new influence with opportunities resurgence worldwide growth in screens customers and expedited shipping increasing with with record-breaking and
Slide 8: Minority Equity Holdings
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Slide 9: World-Class Forest Products Company (GreenFirst)
World-Class Forest Products Company § Monetizing non-core operations and assets § Focused on optimizing valuable Ontario operations § Improved operational efficiencies have begun to yield positive results § Strengthened balance sheet by reducing its outstanding debt TSX:GFP § Lumber duty rates reduc
Slide 10: Growing Reinsurance, Asset Management And Merchant Banking Business
Growing Reinsurance, Asset Management And Merchant Banking Business § Reinsurance business performing well q Growth in net premiums earned and net investment income – drove Q1 net underwriting profits > $1M § Growing Merchant Banking platform q Launched FG Communities and Craveworthy NASDAQ: FGF, FG
Slide 11: Leading Next Generation Mobility Advertising Network
Leading Next Generation Mobility Advertising Network § Leading provider of mobility-based digital out of home (DOOH) media solutions § Proprietary screens empower brands to efficiently engage consumers in major markets § Expanding international reach – Recently announced expansions into UK, Canada,
Slide 12: Financial Review
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Slide 13: Consolidated Financial Summary
Consolidated Financial Summary ($ in thousands) Favorable Favorable Q2 '23 Q2 '22 (Unfavorable) (Unfavorable) % Revenue $ 18,022 $ 9,143 $ 8,879 97.1 % Gross profit 7,447 2,420 5,027 207.7 % Gross margin % 41.3% 26.5% 14.8% SG&A 8,220 3,305 (4,915) (148.7)% Gain on disposal of assets 5 - 5 N/M Loss
Slide 14: Balance Sheet
Balance Sheet ($ in thousands) 06/30/23 12/31/22 12/31/21 Assets Cash and cash equivalents and restricted cash $ 4,966 $ 3,789 $ 8,881 Other current assets 21,542 14,427 12,894 Equity holdings 30,240 37,522 41,133 Film and television programming rights, net 7,691 1,501 - Goodwill and intangible asse
Slide 15: Trading at Significant Discount to Sum of the Parts
Trading at Significant Discount to Sum of the Parts Sum of the Parts Strong Global Entertainment1 $15M FG Group Holdings Market Cap1 GreenFirst1 $12M FG Financial1 $5M ~$65M ~$38M Firefly2 $13M Real Estate $20M 1 Market value as of 6.30.23 15 2 Book value as of 6.30.23
Slide 16: Appendix
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Slide 17: Reconciliation of Net Loss to Adjusted EBITDA
Reconciliation of Net Loss to Adjusted EBITDA ($ in thousands) Three Months Ended June 30, 2023 2022 Net loss $ (5,391) $ (5,598) Interest expense, net 138 87 Income tax expense (benefit) 355 (303) Depreciation and amortization 2,255 336 EBITDA (2,643) (5,478) Stock-based compensation expense 910 17