Flow Capital Corp. · CSE:FW
Flow Capital — Grenville Strategic Royalty — Q2 2016 Earnings Presentation
13 slides from Flow Capital's earnings presentation, Aug 29, 2016
Slide 1: Grenville Strategic Royalty Corp. Q2 2016 Update
TSXV: GRC TSXV: GRC Grenville Strategic Royalty Corp. Three Months Ended June 30, 2016 2016 Q2 Update Quarter Ended March 31, 2016 August 29, 2016 Q2 2016 Update│August 29, 2016 Grenville Strategic Royalty Corp. was recognized as a TSX Venture 50TM company in 2016. TSX Venture 50 is a trade-mark of
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION TSXV: GRC This corporate presentation and documents incorporated by reference contain certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” wi
Slide 3: Grenville Strategic Royalty Corp.
GRENVILLE STRATEGIC ROYALTY CORP. TSXV: GRC » Leading royalty investor focused on funding small and medium sized public and private businesses across Canada and the U.S. Leading Royalty » Non-dilutive capital servicing gap between traditional debt and equity sources of capital Investor » Target payb
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS TSXV: GRC Three months ended June 30, 2016 Financial Highlights » Q2 Royalty Payment Income of $1,970,639, down 4.9% compared to $2,072,567 in the same quarter in 2015 » Adjusted Q2 EBITDA(1) of $507,700 compared to $1,523,880 in the same quarter in 2015 » Free cash flow(1) of $
Slide 5: Financial Snapshot
FINANCIAL SNAPSHOT TSXV: GRC Key Financial Metrics » Strong growth, stable EBITDA and cash flow on the back of a diversified portfolio. Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014(1) Revenue Royalty payment income and interest on promissory notes 2,072,520 2,581,429 2,481,828 2,364,808 2
Slide 6: Core Revenues
CORE REVENUES TSXV: GRC Royalty Payment Per Million Per Month Quarterly Revenue » Royalty Payment per Million Invested(1) was $163,839 for June » The Core of the portfolio’s revenue stream, Royalty and Interest 2016 payment income decreased quarter over quarter » 12-Month Moving average of Royalty P
Slide 7: Dividend
DIVIDEND TSXV: GRC Dividend Payments » Dividend initiated in Q1 2015 » The payout ratio including contract buyouts for FYE 2015 was 55% » Returned dividends to shareholders of $1.68 Million for the three » Current dividend is $0.05 per share on an annualized basis month period ended June 30, 2016 »
Slide 8: Portfolio Highlights
PORTFOLIO HIGHLIGHTS TSXV: GRC Portfolio Activity for Q2 2016 » Royalty agreements, follow-on financings and new loans of » Since the end of 2015, Grenville has made $6.2 Million in follow-on $427,575 for Q2 2016 investments to support existing investees » Aggregate net value of acquired royalties a
Slide 9: Portfolio Performance
PORTFOLIO PERFORMANCE TSXV: GRC Portfolio Performance » As of June 30, 2016, 79.8% of the portfolio has generated returns » 47.5% of the portfolio is performing On Target equal to or in excess of Grenville’s pricing level of 25% » 17.4% of the portfolio is in the Off Target segment due to the » 21.4
Slide 10: Portfolio Diversification
PORTFOLIO DIVERSIFICATION TSXV: GRC Fine-tuning the strategy Performance by Sector » Portfolio diversified across the industrial, industrial tech, tech, retail, and services sectors » Top performers all higher growth companies located in the tech, industrial tech sectors » Service-sector companies r
Slide 11: Historical Balance Sheet
HISTORICAL BALANCE SHEET TSXV: GRC As of Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q4 2013 (unaudited) (unaudited) (audited) (unaudited) (unaudited) (unaudited) (audited) (unaudited) (unaudited) (unaudited) (audited) Assets Current Assets Cash and cash equivalen
Slide 12: Historical Income Statement
HISTORICAL INCOME STATEMENT TSXV: GRC As of Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q4 2013 (unaudited) (unaudited) (audited) (unaudited) (unaudited) (unaudited) (audited) (unaudited) (unaudited) (unaudited) (unaudited) Quarterly Operating Results Revenue Roya
Slide 13: Contact Us
CONTACT US TSXV: GRC For more information, please contact: Steve Parry CEO Phone: (416) 777-0322 Cell: (647) 295-6848 Email: steve@grenvillesrc.com Annie Theriault Managing Director Phone: (416) 477-2431 Cell: (647) 993-0019 Email: annie@grenvillesrc.com Robb McLarty Managing Director Phone: (416) 7
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