Slide 1: Q2 2023 Presentation
Q2 2023 Presentation AUGUST 11, 2023 1
Slide 2: Forward-Looking and Cautionary Statements
FORWARD-LOOKING AND CAUTIONARY STATEMENTS This presentation contains statements that constitute “forward-looking information” within the meaning of Canadian securities laws (“forward-looking statements”), which are based upon our current expectations, estimates, projections, assumptions and beliefs.
Slide 3: Presentation of Financial Information
PRESENTATION OF FINANCIAL INFORMATION The financial information of Aimia and Kognitiv referred to in this press release have been prepared in accordance with or derived from GAAP. The financial information of TRADE X referred to in this press release is unaudited and has been provided by TRADE X’s m
Slide 4: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES In order to complement the analysis of the financial performance of its investments, certain Non-GAAP measures are presented. A reconciliation of the Adjusted EBITDA of Aimia's Bozzetto, Tufropes and Holdings segments to the most comparable GAAP measure is provided in our
Slide 5: Today's Speakers
TODAY’S SPEAKERS PHIL MITTLEMAN MICHAEL LEHMANN STEVE LEONARD Chief Executive Officer President Chief Financial Officer © 2023 Aimia. All rights reserved. 5
Slide 6: Agenda
AGENDA Strategic Operational Financial Overview Review Highlights © 2023 Aimia. All rights reserved. 6
Slide 7: Strategic Overview
STRATEGIC Overview PHIL MITTLEMAN
Slide 8: Focused Strategy to Deliver Enduring Value
COMPANY OVERVIEW: STRATEGIC VISION AND FOCUS FOCUSED STRATEGY TO DELIVER ENDURING VALUE Strategic Vision Strategic Focus Strategic Direction CURRENT PORTFOLIO Aimia seeks Maximizing the value of portfolio to make holdings as strategic partners long-term with an active owner’s mentality investments T
Slide 9: Q2 2023 Highlights and Recent Events
STRATEGIC OVERVIEW Q2 2023 HIGHLIGHTS AND RECENT EVENTS Bozzetto (94% ownership): o Q2/23(1): Strong revenue of $45.9M, $8.5M Adjusted EBITDA(2) (18.5% Adjusted EBITDA margin). o If Aimia had owned Bozzetto for the full Q2/23, on a pro forma basis, revenue would have been $74.3M and Adjusted EBITD
Slide 10: Q2 2023 Highlights and Recent Events
STRATEGIC OVERVIEW Q2 2023 HIGHLIGHTS AND RECENT EVENTS Capital A (~3% ownership): o Experienced significant growth and profitability improvements in its each of its business segments. o Stock reached a new 52-week high, reflecting positive outlook. Clear Media (10.85% ownership): 246.3 o Contin
Slide 11: Operational Review
OPERATIONAL Review MICHAEL LEHMANN
Slide 12: Bozzetto
OPERATIONAL REVIEW BOZZETTO Aimia owns a 94% equity stake in Bozzetto, one of the world’s largest ESG-focused providers of specialty sustainable chemicals Second Quarter 2023 Results: Revenue Breakdown by Segment Results are presented for the period starting May 9, 2023. Q2 2023 (In millions, in C
Slide 13: Tufropes
OPERATIONAL REVIEW TUFROPES Aimia owns a 100% equity stake in Tufropes, a global leader in the manufacturing of high-performance synthetic fiber ropes and netting solutions for global aquaculture, maritime, and other various industrial customers Second Quarter 2023 Results: Revenue Breakdown by Segm
Slide 14: Cortland Industrial
OPERATIONAL REVIEW CORTLAND INDUSTRIAL Cortland Industrial manufactures highly engineered products using synthetic fibers for critical applications across diverse end markets Tufropes acquired Cortland on July 11, 2023, for $26.6M(1), representing approximately 7x EBITDA. Cortland is a leading g
Slide 15: Capital A
OPERATIONAL REVIEW CAPITAL A Q1 2023 Financial Highlights (RM, in millions) Revenue EBITDA Net Profit 717 2,881 502 102 26 2,530 812 (309) (1,077) Q1 2019 Q1 2022 Q1 2023 Q1 2019 Q1 2022 Q1 2023 Q1 2019 Q1 2022 Q1 2023 Capital A (formerly AirAsia), of which Aimia owns approximately 3% of its outstan
Slide 16: Clear Media
OPERATIONAL REVIEW CLEAR MEDIA Total bus shelter panels Total digital panels 72,000 536 70,934 70,350 69,037 569 573 573 61,000 251 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 (1) 0.9 EBITDA (million RMB)(1) Revenues (million RMB) 2022 2023 690 219 209 505 58 132 122 (83) (
Slide 17: TRADE X
OPERATIONAL REVIEW TRADE X Gross Vehicle Sales (1)(2) (in millions of Canadian dollars) 246.3 $222.3 $193.3 $176.0 $149.7 $156.7 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 (3) (1) Gross Vehicle Sales is a key performance indicator of TRADE X and represents sales income generated from wholesale transact
Slide 18: Kognitiv Financial Metrics
OPERATIONAL REVIEW KOGNITIV FINANCIAL METRICS* Revenue(1) (million CAD) 11.9 11.2 12.5 11.5 11.7 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Adjusted EBITDA(1)(2) (million CAD) (7.2) (5.9) (5.6) (5.0) (9.6) Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 *This presentation contains both GAAP and non-GAAP financ
Slide 19: Financial Highlights
FINANCIAL Highlights STEVE LEONARD
Slide 20: Consolidated Financial Results
FINANCIAL HIGHLIGHTS CONSOLIDATED FINANCIAL RESULTS Three Months Ended Six Months Ended June 30, June 30, (in millions of Canadian dollars, except share and per share information) 2023 2022 2023 2022 Revenue from contracts with customers 74.8 0.4 76.8 0.9 Cost of sales (57.7) — (59.4) — Gross Profit
Slide 21: Segment Results
FINANCIAL HIGHLIGHTS SEGMENT RESULTS (in millions of Canadian dollars) Three Months Ended June 30, (in millions of Canadian dollars) 2023 2022 2023 2022 2023 2022 2023 2022 (b) Operating Segment Bozzetto Tufropes Holdings Total Revenue from contracts with customers 45.9 - 28.9 - - 0.4 74.8 0.4 Cost
Slide 22: Movements in Cash and Cash Equivalents
FINANCIAL HIGHLIGHTS MOVEMENTS IN CASH AND CASH EQUIVALENTS* (in millions of Canadian dollars) Liquidity as of June 30, 2023 (in millions of Canadian dollars) Liquid portfolio of equities and $53.0 money-market funds $63.9 Cash & cash equivalents March 31, 2023 Proceeds from Interest and Income tax
Slide 23: Pro Forma Cash & Liquid Investments
FINANCIAL HIGHLIGHTS PRO FORMA CASH & LIQUID INVESTMENTS (in millions of Canadian dollars) Liquid portfolio of equities and money-market funds Cash & cash equivalents $53.0 (26.6) $53.0 $63.9 $40.4 June 30, 2023 Cortland Acquisition Cineplex Sale June 30, 2023 Cash and liquid Pro forma investments C
Slide 24: Closing Summary
CLOSING SUMMARY • Executing on our strategic vision. • Effectively deploying capital from PLM transaction. 246.3 • Tufropes and Bozzetto transactions align with our strategy: o Focused on driving operational improvements. o Focused on organic growth and accretive acquisitions. • Strong first half pe
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Slide 26: Investor Relations Contact
INVESTOR RELATIONS CONTACT Albert Matousek, MBA, CFA Head, Investor Relations & Communications Email: albert.matousek@aimia.com www.aimia.com