Aimia Inc. · TSX:AIM
Aimia — Q3 2026 Earnings Presentation
20 slides from Aimia's earnings presentation, Nov 6, 2026
Slide 1: Aimia Q3 2026 Presentation
Aimia Q3 2026 Presentation November 6, 2026
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 Aimia’s current expectations, estimates, projections, assumptions and beli
Slide 3: GAAP and Non-GAAP Financial Measures
GAAP and Non-GAAP Financial Measures GAAP FINANCIAL MEASURES To measure performance, the Corporation uses and presents several financial measures in accordance with GAAP, including, but not limited to, gross profit (loss), operating income (loss), Earnings (loss) before income taxes, Net earnings (l
Slide 4: Today's presenters
Today’s presenters Rhys Summerton Steve Leonard Executive Chairman President & CFO 4
Slide 5: Q3 highlights
Q3 highlights • Advanced investment strategy with $15.5M deployment • Generated $1.9M fair value gain on recent investments • Grew revenue 21.3% to $45.6M • Cortland’s turnaround is gaining traction • Bought back 278,900 shares through NCIB • New listings on the JSE and AIM Market provide a platform
Slide 6: Financial & Operating Results
Financial & Operating Results
Slide 7: Financial highlights
Financial highlights $ million Q3 2026 Q3 2025 Revenue $45.6 $37.6 • Improvements to revenue, gross profit, and gross margins reflective of Gross Profit $10.4 $8.3 turnaround at Cortland Gross Profit Margin 22.8% 22.1% • SG&A expenses include one-time costs SG&A expenses $11.3 $9.3 tied to dual-list
Slide 8: Cortland International financial highlights
Cortland International financial highlights +21% $Million $Million $45.6 Adj. EBITDA* $45 Revenue $8 +4% $40 $37.6 $6 $5.5 $5.7 $36.4 $34.3 $4.1 $4.5 $4.4 $35 $32.7 $4 $30 $2 $25 $0 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 • Revenue growth due to pricing surcharges, • Increase dri
Slide 9: Consolidated cash waterfall in Q3
Consolidated cash waterfall in Q3* $Million -$142.0 $294.5 $3.9 $2.0 $2.7 $0.9 $(131.4) $152.5 $(15.5) $(1.6) $(1.6) $(0.7) $(0.7) Q2 Cash Proceeds Interest Other Proceeds Repurchase Investments CAPEX Cash flow NCIB Preferred Q3 Cash from received movements from sale of of Senior in from share inves
Slide 10: Consolidated cash waterfall year to date
Consolidated cash waterfall year to date* $Million +$43.3 $(131.4) $245.0 $(28.7) $2.3 $(18.2) $152.5 $109.2 $(25.7) Q4 25 Cash Bozzetto Disc. Ops Proceeds from Notes Repayment Investments Proceeds from Other movements Q3 Cash Bozzetto sale** in marketable sale of marketable securities securities *R
Slide 11: Cash position as at September 30, 2026
Cash position as at September 30, 2026 Cortland $7.0 • $7M of operating expenses at HoldCo expected over next 12 months ($3.3M relates to HoldCo compensation) $152.5 • Cash position at Holdings does not include $28.7M invested in marketable securities $145.5 Holdings Available cash will be deployed
Slide 12: Outlook & priorities
Outlook & priorities AIMIA
Slide 13: Advanced investment strategy in Q3
Advanced investment strategy in Q3 Disciplined capital deployment Value creation • $15.5M invested in Q3 • $1.9M in fair value gain in Q3 • $28.7M of marketable • Goal is to grow net book securities at September 30 value per share over time • Targeted companies meet specific criteria • Provide poten
Slide 14: Longer-term priority – grow net book value per share
Longer-term priority – grow net book value per share* $7.00 $6.48 $6.50 $6.00 • Metric indicative of growth in $5.50 $3.57 intrinsic value $5.00 $4.50 $3.28 $3.74 $3.55 • Q3 total impacted by $4.00 developments at Clear Media $3.50 $3.00 • Near-term variability to be $2.50 expected with rollout of $
Slide 15: Summary and Outlook
Summary and Outlook • Q3 marked by efforts to grow intrinsic value: • Rollout of investment strategy • Deployment of $15.5M in capital • Growing positions in undervalued companies • Admission to AIM Market complements JSE listing • Cortland’s results indicative of turnaround and improving market con
Slide 16: Questions?
Questions? AIMIA
Slide 17: TSX: AIM; JSE: AII contact details
TSX: AIM; JSE: AII www.aimia.ca IRandMedia@corp.aimia.ca
Slide 18: Appendix Non-GAAP Financial Measures
Appendix Non-GAAP Financial Measures
Slide 19: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Three Months Ended Nine Months Ended Cortland International September 30, September 30, (in millions of Canadian dollars) 2026 2025 2026 2025 Reconciliation of Adjusted EBITDA Operating income (loss) 1.9 1.6 3.4 3.7 Depreciation and amortization 2.8 2.8 8.5 8.9 Long
Slide 20: Reconciliation of Net Book Value
Reconciliation of Net Book Value September 30, September 30, Aimia (in millions of Canadian dollars, except share and per share amounts) 2026 2025 Reconciliation of Equity attributable to common shareholders Total attributable to the equity holders of the Corporation 350.8 335.5 Less: Share capital