Aimia Inc. · TSX:AIM
Aimia — Q1 2023 Earnings Presentation
21 slides from Aimia's earnings presentation, May 12, 2023
Slide 1: Q1 2023 highlights
Q1 2023 highlights MAY 12, 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 referred to in this presentation is reported in Canadian dollars (unless otherwise indicated). The financial information of Aimia, Bozzetto and Kognitiv referred to in this presentation have been prepared in accordance with Canadian Gen
Slide 4: Non-GAAP financial measures
NON-GAAP FINANCIAL MEASURES Aimia does not present Non-GAAP financial measures for its consolidated results. However, in order to complement the analysis of the financial performance of its investments, certain Non- GAAP measures are presented. A reconciliation to certain of these investments’ most
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 Investment Financial highlights highlights highlights © 2023 Aimia. All rights reserved. 6
Slide 7: Strategic highlights
STRATEGIC highlights PHIL MITTLEMAN
Slide 8: Strategic highlights: Q1 2023 highlights
STRATEGIC HIGHLIGHTS Q1 2023 HIGHLIGHTS Strategic Objectives Results Consolidated Results: • Ended the quarter in a strong financial position, with over $318 million of cash and liquid securities. After taking into consideration the closing of the Bozzetto transaction and financings related to Tufro
Slide 9: Investment highlights
INVESTMENT highlights MICHAEL LEHMANN
Slide 10: Investment highlights: Bozzetto
INVESTMENT HIGHLIGHTS BOZZETTO • Aimia closed the Bozzetto transaction on May 9, 2023. Aimia invested a net amount of $206.3 million(1) for an equity stake of 94% in the Company and completed the related financing at the subsidiary level in the amount of $139.5 million(1) at a weighted average coupo
Slide 11: Investment highlights: Tufropes
INVESTMENT HIGHLIGHTS TUFROPES • Aimia closed the Tufropes transaction on March 17, 2023, for the net purchase consideration of $239.2 million(1) for a 100% equity stake in the Company. • Since the acquisition, the leadership team has met with customers, suppliers, and employees and has received ver
Slide 12: Investment highlights: TRADE X
INVESTMENT HIGHLIGHTS TRADE X Gross Vehicle Sales (1)(2) (in millions of Canadian dollars) 246.3 $248.3 $222.3 $176.0 $149.7 $156.7 Q1 2022 Q2 2022 Q3 2022 (3) Q4 2022 Q1 2023 (1) Gross Vehicle Sales is a key performance indicator of TRADE X and represents sales income generated from wholesale trans
Slide 13: Kognitiv financial metrics
INVESTMENT HIGHLIGHTS KOGNITIV FINANCIAL METRICS* Revenue(1) (million CAD) 12.1 11.9 11.2 12.5 11.5 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Adjusted EBITDA(1)(2) (million CAD) (3) (7.2) (5.9) (5.6) (9.6) (9.6) Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 *This presentation contains both GAAP and non-GAAP
Slide 14: Investment highlights: Clear Media
INVESTMENT HIGHLIGHTS CLEAR MEDIA Total bus shelter panels Total digital panels 72,000 70,934 70,350 72,718 59,000 61,000 536 569 573 573 276 251 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Mar-23 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Mar-23 (1) 0.9 EBITDA (million RMB)(1) Revenues (million RMB) 690 1,265 1,036
Slide 15: Financial highlights
FINANCIAL highlights STEVE LEONARD
Slide 16: Consolidated financial results
FINANCIAL HIGHLIGHTS CONSOLIDATED FINANCIAL RESULTS (in millions of Canadian dollars) Three Months Ended March 31, Consolidated Financial Results 2023(1) 2022 Share of net earnings (loss) of equity-accounted investments (5.9) (6.9) Net change in fair value of investments 10.8 (12.1) Interest, divide
Slide 17: Holdings segment results
FINANCIAL HIGHLIGHTS HOLDINGS SEGMENT RESULTS (in millions of Canadian dollars) Three Months Ended March 31, 2023 2022 2023 2022 2023 2022 2023 2022 Holdings Tufropes(1) Eliminations Total Income Share of net income (loss) of equity-accounted investments (5.9) (6.9) — — — — (5.9) (6.9) Net change in
Slide 18: Movements in cash and cash equivalents
FINANCIAL HIGHLIGHTS MOVEMENTS IN CASH AND CASH EQUIVALENTS* (in millions of Canadian dollars) Liquidity as at March 31, 2023 (1) $318.6 $74.2 Liquid portfolio of equities and money-market funds $244.4 Cash & cash equivalents (1) December 31, Proceeds from Interest and Kognitiv Tufropes Tufropes Oth
Slide 19: Pro forma cash & liquid investments
FINANCIAL HIGHLIGHTS PRO FORMA CASH & LIQUID INVESTMENTS (in millions of Canadian dollars) Reconciliation to Enterprise Value (in millions) Euro CAD Enterprise Value 227.0 333.3 add Transaction costs 8.4 12.3 subtract Management Equity -9.1 -13.3 add Cash on Hand 9.7 14.2 (1) $74.2 subtract Debt -95
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Slide 21: Investor relations contact
INVESTOR RELATIONS CONTACT Albert Matousek, MBA, CFA Head, Investor Relations & Communications Email: albert.matousek@aimia.com www.aimia.com