Montfort Capital Corp · TSXV:MONT
Montfort Capital — Investor Presentation (March 2024)
21 slides from Montfort Capital's investor presentation, March 2024
Slide 1: Corporate Presentation March 2024
TSXV MONT OTCQB MONTF Corporate Presentation March 2024
Slide 2: Disclaimer
Disclaimer Not an Offer to Purchase or Sell Securities This overview is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any securities in Montfort Capital Corp. (the “Company”, “we”, “us”, “our”) and may not be relied upon in connection with the purch
Slide 3: Mission Statement
Mission Statement The Trusted Provider of Focused Private Credit Strategies for Institutional Investors, Family Offices, and Wealth Managers. TSX-V: MONT OTCQB: MONTF 3
Slide 4: Strong Path to Growth
Strong Path to Growth NUVO BEYOND Q3 2023 - Q4 2023 Q2 2023 - Q3 2023 Increased focus on higher margin loan portfolio with Q1 2023 - Q2 2023 Increase funding AUMA asset base now at capacity though Q1 2022-Q4 2022 Integrate and $388M. NEW deployments establishing new credit restructure. of capital wi
Slide 5: Corporate Lending and Consumer Lending Businesses
TSXV MONT OTCQB MONTF Corporate Lending Consumer Lending TIMIA Pivot Nuvo Brightpath Langhaus Capital Financial Financial Capital Financial Technology Lending SME Lending Portfolio Lending Real Estate Lending Insurance Lending AUMA: $64M AUMA: $55M AUMA: $50M AUMA: $170M AUMA: $100M 5 TSX-V: MONT OT
Slide 6: Financial Highlights - Reflecting Strong Growth
Financial Highlights - Reflecting Strong Growth Q3 2023 Highlight Reel ● Revenue of $13.0 million, YOY increase of $5.1 million or 64% ● Interest income of $9.2 million, YOY increase of $3.5 million or 60% ● Income from transaction & other fees of $3.4 million, YOY increase of 63% ● Total assets of $
Slide 7: TIMIA Capital Business
TIMIA Capital Business ● Sources private technology companies looking for debt using online tools ● Efficient and low cost origination unmatched by competitors Revenue Based ● Auto-qualifies the most attractive Technology Lending Market and unique technology investment opportunities for yield investor
Slide 8: Pivot Financial Business
Pivot Financial Business ● Accounts receivable factoring and purchase order financing ● Asset-based lending ○ Directly off balance sheet ○ Sub-advisor to Celernus Pivot Private Asset Backed SME Lending Credit Fund ● Lender finance Market Opportunity: 1.2 million ● Large addressable market with over co
Slide 9: Nuvo Financial
Nuvo Financial ● Net Asset Value lending ● Providing capital for private equity/debt firms to borrow against portfolio companies within a fund. The market continues to see tremendous growth. Net Asset Value Lending ● Leveraged core capabilities, resources, and infrastructure of Montfort Flexible finan
Slide 10: Brightpath Capital
Brightpath Capital ● An experienced originator and administrator of short duration first and second residential mortgage investments. ● Operates primarily in Ontario and B.C. markets. ● Underwritten and managed over 3,600 mortgages with total historical mortgage values completed in excess of $800 mil
Slide 11: Langhaus Financial
Langhaus Financial ● A leading non-bank provider of insurance policy-backed lending solutions to high-net-worth individuals and entrepreneurs throughout Canada. ● Works cooperatively with Canada’s major insurance companies and top advisers to design flexible lending programs. ● Experts in structured
Slide 12: Montfort's Market Position
Montfort’s Market Position ● Montfort participates in lower risk segments of the private investment market ● Montfort’s largest portfolios sit at the lowest end of the credit risk spectrum ● Montfort is earning outsized returns for the risk it is taking due to the focused position and short duration
Slide 13: Attractive Market Segment Dynamics
Attractive Market Segment Dynamics Growth Profile Fastest growing credit investment class: a. Private credit has grown to $1.5 trillion (~10% CAGR over the past 10 years)1; b. Includes over $500 billion of deployable capital (dry powder)1; c. Accelerated demand for alternative lending sources due to
Slide 14: Financials - AUMA Growth / Revenue growth
Financials - AUMA Growth / Revenue growth 1 1 The sequential reduction was the result of management’s strategic decision to eliminate a low-margin portion of the loan portfolio. TSX-V: MONT OTCQB: MONTF 14
Slide 15: AUMA + Liquidity Growth - New Capital for Growth
AUMA + Liquidity Growth - New Capital1 for Growth! 1 “New Capital” refers to the available liquidity under existing credit agreements. The figure was not historically tracked. TSX-V: MONT OTCQB: MONTF 15
Slide 16: Consolidated Net Income - Reflecting M&A in early 2023
Consolidated Net Income - Reflecting M&A in early 2023 Moving forward to next phase post acquisition integrations 2 1 2 1 1 Q3 2023 includes a non-cash provision for potential future loan loss 2 Q3 2022 included additional costs associated with acquisitions TSX-V: MONT OTCQB: MONTF 16
Slide 17: Montfort Well Positioned Against Market Risks
Montfort Well Positioned Against Market Risks Interest Rate Risk ● Loans Receivable 83% variable vs Loans Payable (at current level) 74% variable Term Risk Less than 1 YR Long term Loans receivable $273.7M $18.5M Loans payable(1) $301.6M $17.2M Use of Leverage Recourse Non recourse Total Debt $76.7M
Slide 18: Management Team
Management Team Montfort’s Management has combined 20+ years in each of Private Credit, Private Equity, and Equity Venture Capital, combined with 15 years Andrew Abouchar Ken Thomson Blake Albright Brooke Jutzi Interim CEO CSO / Director CCO / Director Interim CFO of public market experience. Board
Slide 19: Capital Structure (as of September 30, 2023)
Capital Structure - (as of September 30, 2023) Common shares outstanding: 92.6 million total outstanding (TSXV: MONT) 111.0 million fully diluted Market capitalization: ~$16 million 28.5 million Series A Preferred shares (TSXV: MONT.PR.A) 0.5 million Series C Preferred shares Common share warrants o
Slide 20: Investment Highlights
Investment Highlights ● Deep industry expertise across management: + 40 years of specialty lending ● Significant market and increased demand for alternative lending sources due to recent credit contraction backdrop. ● Diversified & Scalable: Brightpath, Langhaus, Pivot, and TIMIA have significant asset
Slide 21: Investor Contact
Investor Contact Tim McNulty / Darren Seed Incite Capital Markets (604) 398-8839 IR@ montfortcapital.com montfortcapital.com
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