Aimia Inc. · TSX:AIM
Aimia — Investor Presentation (August 2021)
18 slides from Aimia's investor presentation, August 2021
Slide 1: Investor Presentation
Investor Presentation August 2021
Slide 2: Forward-Looking and Cautionary Statements
FORWARD-LOOKING AND CAUTIONARY STATEMENTS Forward-looking statements are included in this presentation. These forward-looking statements are identified by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will
Slide 3: Agenda
COMPANY OVERVIEW AGENDA 01 COMPANY 02 ASSET 03 GOVERNANCE 04 INVESTMENT OVERVIEW MIX & LEADERSHIP HIGHLIGHTS • Aimia Inc. • PLM • Board and • Reasons to snapshot • Kognitiv Management Invest • Asset mix Team • Clear Media • Corporate • TRADE X transformation • Mittleman • Strategic vision Investment
Slide 4: Aimia Is a Holding Company
COMPANY OVERVIEW: AIMIA SNAPSHOT AIMIA IS A HOLDING COMPANY Strong Leadership Team Valuable Asset Mix Holdco Structure • Highly aligned Board Coalition • Significant available overseeing heavily Loyalty cash and liquid invested management investments in public Outdoor team Advertising securities • P
Slide 5: Global Portfolio with Significant Upside Potential
COMPANY OVERVIEW: ASSET MIX GLOBAL PORTFOLIO WITH SIGNIFICANT UPSIDE POTENTIAL 48.4% 12.3% Mittleman Investment 10.85% Management 100.0% 48.9% With deep pipeline under consideration in public and private markets sourced by directors, management, and other top-tier professional contacts 1. Holdings a
Slide 6: Rapidly Transformed with Compelling Growth Opportunities
COMPANY OVERVIEW: CORPORATE TRANSFORMATION RAPIDLY TRANSFORMED WITH COMPELLING GROWTH OPPORTUNITIES (1) Aimia’s stock price performance since Board reconstitution Aug 13 Aimia elects share offer in $6.00 Dec 29 Jun 17 the privatized Jun 19 Tender of Village NCIB Clear Media Mittleman Roadshow stake
Slide 7: 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 will Ongoing enhancement of seek to make to build a portfolio existing assets and investments long-term of investments that as strategi
Slide 8: Efficient Capital Deployment for Attractive Returns
COMPANY OVERVIEW: CAPITAL ALLOCATION PRIORITIES EFFICIENT CAPITAL DEPLOYMENT FOR ATTRACTIVE RETURNS Accretive acquisitions Minority or controlling stakes in cash generative businesses, public or private, on a global basis: • Seeking annual IRR >15% • Highly disciplined selection process, targeting b
Slide 9: Holdco Approaching Cash Flow Neutral
COMPANY OVERVIEW: HOLDING COMPANY FINANCIAL PROFILE HOLDCO APPROACHING CASH FLOW NEUTRAL Cash Inflows Cash Outflows • Distributions from PLM • Holdco costs • Investment income • Preferred dividends • Investment gains • Taxes Long term goal is holdco being FCF positive, interim target of FCF neutral
Slide 10: Leading Travel Loyalty Program in Mexico
ASSET MIX: PLM LEADING TRAVEL LOYALTY PROGRAM IN MEXICO Investment Highlights: Contract Revision: • June 29, 2020: 20-year extension of current CPSA term to 2050 between Aeromexico and PLM. • Aeromexico granted 7-year option to purchase Aimia’s 48.9% stake in PLM for the Head office greater of 7.5x
Slide 11: B2B Tech Company Enabling Collaborative Commerce
ASSET MIX: KOGNITIV B2B TECH COMPANY ENABLING COLLABORATIVE COMMERCE INVESTMENT HIGHLIGHTS Investment Highlights: • Kognitiv’s collaborative commerce platform allows brands to collaborate directly with zero-party data and create personalized and enhanced rewards to target mutually desirable consumer
Slide 12: One of the Largest Outdoor Advertising Firms in China
ASSET MIX: CLEAR MEDIA LIMITED (HK:100) ONE OF THE LARGEST OUTDOOR ADVERTISING FIRMS IN CHINA Investment Highlights: • The company is undergoing a privatization transaction led by a blue-chip consortium with an ownership stake of 88.2% in Clear Media comprised of: ➢ Consortium shareholding structure
Slide 13: B2B Cross-Border Automotive Trading Platform
ASSET MIX: TRADE X B2B CROSS-BORDER AUTOMOTIVE TRADING PLATFORM Investment Highlights: • Aimia invested $44 million (US$35 million) as the lead investor of the most recent funding round for TRADE X, an innovative solutions provider to the global pre-owned car industry through its B2B cross-border au
Slide 14: Mittleman Investment Management: Global Value-Oriented Investment Manager
ASSET MIX: MITTLEMAN INVESTMENT MANAGEMENT (“MIM”) GLOBAL VALUE-ORIENTED INVESTMENT MANAGER Business Highlights: Head office • Global value investor pursuing superior returns through a concentrated portfolio of long-term investments in significantly undervalued securities. • MIM composite performanc
Slide 15: Upside Potential to Enhance Stakeholders Returns
ASSET MIX: SPECIAL PURPOSE VEHICLE & PUBLIC SECURITIES PORTFOLIO UPSIDE POTENTIAL TO ENHANCE STAKEHOLDERS RETURNS Special Purpose Vehicle Public Securities Portfolio at June 30, 2021 • Committed an initial $6.4 million (US$5.0 • Aimia invests in public equities that have been million) to pursue a le
Slide 16: Strong Leadership Team to Lead the Company
GOVERNANCE AND LEADERSHIP STRONG LEADERSHIP TEAM TO LEAD THE COMPANY Board of Directors Management Team David Karen Sandra Michael Phil Mittleman Michael Lehmann Steven Leonard Rosenkrantz Basian Hanington Lehmann CEO President CFO Chairman Jon Chris Phil Jordan Chris Mittleman Eric Blondeau Mattson
Slide 17: A Compelling Investment Opportunity
INVESTMENT HIGHLIGHTS A COMPELLING INVESTMENT OPPORTUNITY REASONS TO INVEST: • VALUABLE ASSETS WITH SIGNIFICANT UPSIDE POTENTIAL including PLM, Clear Media, Kognitiv, TRADE X, and Mittleman Investment Management. • ACCRETIVE GROWTH STRATEGY focused on long-term investments in public and private comp
Slide 18: Investor Relations Contact
INVESTOR RELATIONS CONTACT Tom Tran, MBA Director, Investor Relations Phone: +1 647 208 2166 Email: tom.tran@aimia.com www.aimia.com