Advantage Solutions Inc. · NASDAQ:ADV
Advantage Solutions — Conyers Park II Acquisition — SPAC Merger (October 2020)
16 slides from Advantage Solutions's SPAC merger presentation, Oct 19, 2020
Slide 1: Business Combination Update & Preliminary FQ3 2020 Results
Business Combination Update & Preliminary FQ3 2020 Results October 19, 2020 Exhibit 99.1
Slide 2: Disclaimer (1/2) Forward Looking Statements
Disclaimer (1/2) Forward Looking Statements Certain statements in this presentation or accompanying commentary may be considered forward-looking statements. Forward-looking statements generally relate to future events or Conyers Park’s or Advantage’s future financial or operating performance, such a
Slide 3: Disclaimer (2/2) Non-GAAP Financial Measure and Related Information
Disclaimer (2/2) Non-GAAP Financial Measure and Related Information This presentation includes certain financial measures not presented in accordance with generally accepted accounting principles (“GAAP”) including Adjusted EBITDA and Pro Forma Credit Adjusted EBITDA. These non-GAAP financial measur
Slide 4: Transaction progress and update
Transaction progress and update Preliminary Q3 results to be used in conjunction with debt offering Investment thesis reinforced and remains intact Conyers Park II and Advantage Business Combination
Slide 5: We are Progressing to Close Before Month End
Proxy filed, regulatory approvals received, shareholder vote scheduled for October 27th with closing expected shortly thereafter $700 million PIPE committed in September Commenced refinancing process to replace Advantage’s existing senior secured credit facilities with $2.1 billion of new funded sen
Slide 6: Preliminary Q3 Flash Results
Preliminary Q3 Flash Results Total Advantage Sales Segment Marketing Segment 11% Y/Y growth (6%) (6%) 26% 23% 18% 1% (30%) 11% (3%) 8% (10%) (59%) (49%) (20%) Y/Y growth (17%) (52%) (42%) % margin % margin % margin Y/Y growth Y/Y growth Y/Y growth Y/Y growth $ in millions. $ in millions. Note: The f
Slide 7: Q3 Preliminary Flash Results Reflect Improvement in Trends
Continued strength and gains in Sales segment Strong center-store / eat-at-home trends remain in place Food service channel remains weak, but beginning recovery European Joint Venture improved but still soft E-commerce (on-line, click-and-collect) business gains continue Marketing segment down subst
Slide 8: Q3 Results Reinforce Financial Expectations and Investment Thesis
Modeling of business ($475m of 2020E Adj. EBITDA) reflected assumption that COVID-related restrictions would remain in place during the summer and would not likely abate in near-term Assumed some moderate return to Sampling, which did occur and will continue to do so into 2021 As COVID-related restr
Slide 9: CPII Remains Excited About Investment and Value Creation Opportunities
Organic growth via share gains in Sales segment, expansion of marketing segment (experiential, e-commerce) Platform for accretive tuck-in M&A, with focus on new technology and services Attractive entry point given COVID earnings dip in 2020 with strong, full recovery expected over the course of 2021
Slide 10: Thank you
Thank you
Slide 11: Preliminary Q3 Flash Results
Preliminary Q3 Flash Results Note: The foregoing preliminary financial information for the quarter ended September 30, 2020 is subject to completion of the Company’s quarter-end close procedures and further financial review and represents the Company’s current expectations as to what it will report
Slide 12: Preliminary Q3 LTM Flash Results
Preliminary Q3 LTM Flash Results Note: The foregoing preliminary financial information for the quarter ended September 30, 2020 is subject to completion of the Company’s quarter-end close procedures and further financial review and represents the Company’s current expectations as to what it will rep
Slide 13: Non-GAAP Reconciliation for Historical Periods (1/3)
Non-GAAP Reconciliation for Historical Periods (1/3)
Slide 14: Non-GAAP Reconciliation for Historical Periods (2/3)
Non-GAAP Reconciliation for Historical Periods (2/3)
Slide 15: Non-GAAP Reconciliation for Historical Periods (3/3)
Non-GAAP Reconciliation for Historical Periods (3/3) Note: Dollars in millions. Numerical figures included in this slide have been subject to rounding adjustments Historical management fees paid to existing shareholders and non-cash stock based compensation expense. Represents adjustments to the est
Slide 16: Advantage Solutions and Conyers Park II Update Call, October 19, 2020
Advantage Solutions – Advantage Solutions and Conyers Park II Update Call, October 19, 2020 C O R P O R A T E P A R T I C I P A N T S Solebury Trout, Investor Relations Dave West, Chief Executive Officer, Conyers Park II Tanya Domier, Chief Executive Officer, Advantage Solutions P R E S E N T A T I
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