Alti Global, Inc. · NASDAQ:ALTI
Alti Global — SPAC Merger (February 2022)
33 slides from Alti Global's SPAC merger presentation, Feb 11, 2022
Slide 1: Investor Presentation | February 2022
Investor Presentation | February 2022
Slide 2: Disclaimer
Disclaimer This Presentation (together with oral statements made in connection herewith, the “Presentation”) is for informational purposes only to assist prospective purchasers in a private placement in making their own evaluation with respect to the proposed business combination (the “Business Comb
Slide 3: Disclaimer (cont'd) Forward-Looking Statements
Disclaimer (cont’d) Forward-Looking Statements. Certain statements in this Presentation may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements herein generally relate t
Slide 4: Disclaimer (cont'd) Industry and Market Data
Disclaimer (cont’d) Industry and Market Data. Certain information contained in this Presentation relates to or is based on studies, publications, surveys and the Companies’ own internal estimates and research. In addition, all of the market data included in this Presentation involves a number of ass
Slide 5: AlTi Company Overview
Alli Company Overview
Slide 6: Value-creating sponsor & partner
Value-creating sponsor & partner Sponsor Overview Cartesian Growth Corp. (“CGC”): SPAC sponsored by affiliate of Cartesian Select Cartesian Investments The Cartesian team has a demonstrated ability to create value built on strategic advice, risk management, business intelligence, & institutional sys
Slide 7: World-class leadership
World-class leadership Michael Tiedemann Alexander de Meyer Nancy Curtin Kevin Moran Chief Executive Officer Executive Committee Executive Committee Chief Operating Officer • CEO of Tiedemann Advisors & TIG Advisors • CEO of Alvarium • Head of Investment Advisory and CIO of • COO of Tiedemann Adviso
Slide 8: By the numbers
By the numbers 20+ ~400 24 Years of Operating History Team Members Worldwide Cities on 4 Continents ~$60B $79.3M AUM / AUA (Year-End 2021P) Economic EBITDA (2021P) Note: Please see the important disclaimers on non-GAAP measures, the calculation methodology of AUM / AUA and Economic EBITDA with respe
Slide 9: Strategically located
Strategically located Zurich Baar London Geneva Isle of Man Toronto Paris Lugano Seattle New York Lisbon Milan Portland Aspen San Francisco Washington, Wilmington, DC DE Dallas Palm Beach Miami Hong Kong Singapore Auckland Melbourne We serve clients in major wealth centers from 24 cities in 11 count
Slide 10: Unique global solutions
Unique global solutions Investment Advisory Supporting the Full Client Lifecycle: Family Office Services Clients • Growth Global Families & Institutions • Liquidity Co-Investments & Merchant Banking Multi-Generational Entrepreneurs • Access to Capital NextGen Global Leaders Trust & Estate Planning •
Slide 11: A proven & powerful business model
A proven & powerful business model Solutions based advice and access to network of like-minded, multi-generational entrepreneurs True client-centric practice Local service & global reach Comprehensive, global, & proprietary services tailored to global, cross-border clients Opportunity creation & Pro
Slide 12: Stability, profitability, & growth
Stability, profitability, & growth Track Record Recurring Income Margin Expansion Growing assets organically & Advisory & incentive fees create stable Operating leverage drives significant inorganically while retaining clients & diverse revenue base margin expansion Combined Year-End AUM / AUA Repor
Slide 13: A resilient client base & expanding opportunity set
A resilient client base & expanding opportunity set Top 25 Client Asset Composition Client Composition by Assets 95+% by Geography with AlTi Average global wealth Other AlTi management Assets Non-U.S. 79% client asset retention 54% (2018-2020) 8 years Global Diversified Exposure Client Base Average
Slide 14: Our unique vision
Our unique vision To be the trusted advisor to multi-generational founders, families, & entrepreneurs. Known for our integrity, suite of integrated capabilities, as well as access to impact and innovation. Operating Targets Client Targets Impact Targets Personnel Targets $100B+ 50%—50% $25B 50% AUM
Slide 15: Investment highlights
Investment highlights Global scale and favorable macro-operating environment Resilient, loyal client base and expanding opportunity set Differentiated alternative asset management platform with ample whitespace Stable, profitable, growing financial profile Balance sheet light model generating high f
Slide 16: The Opportunity
Alt The Opportunity
Slide 17: An opportunity powered by multi-decadal trajectories
An opportunity powered by multi-decadal trajectories Massive, Expanding Market Generational Wealth Transfer Shifting Client Demand High-Net-Worth (“HNW”) Population (2015-2025P)(1) U.S. Wealth Transfer (2018-2042P) U.S. Independent Advisor AUM (2014-2024P)(2) Millions $Trillions United States Europe
Slide 18: Serving evolving client priorities
Serving evolving client priorities Global Demand for Alternatives Across Generations With Impact Priority Ultra-High-Net-Worth (“UNHW”) Asset Allocation Alt. Asset Exposure by Demographic (2021-2024P) Relevance of ESG Factors 8 5% Considers ESG factors 81% Does not consider ESG factors Cash & Fixed
Slide 19: A powerful platform & proven expertise
A powerful platform & proven expertise We have a demonstrated track record of inorganic growth in wealth & asset management Global Asset & Wealth Management M&A Activity (2016-2020) Select AlTi M&A Examples 153 Acquisition of Wealth Managers # of Transactions Acquisitions 49 2016 2020 Wealth Managem
Slide 20: Differentiated alternative asset management platform
Differentiated alternative asset management platform Our global network of alternative asset management capabilities is built on an end-to-end support platform for entrepreneurial managers, driving significant growth Comprehensive Support Platform Repeatable & Scalable Growth Opportunities AlTi has
Slide 21: Stability, profitability, & growth
Stability, profitability, & growth Actuals Projections CAGR $ Millions, unless otherwise stated 2019A 2020A 2021P 2022P ‘19-‘22P Year-End AUM / AUA ($Billions) $ 48 $54 $58 $65 10% Reported Revenue Advisory Fees $149 $158 $191 $224 15% Incentive Fees 18 34 48 47 38% Other Income 6 8 11 11 23% Total
Slide 22: Transaction Overview
Transaction Overview 22
Slide 23: Transaction summary
Transaction summary Valuation Transaction Structure • TWMH, TIG Entities, & Alvarium will combine and become a • The transaction implies a pro forma equity value of $1.388 billion publicly listed company through a business combination with for Alvarium Tiedemann Holdings, Inc. Cartesian Growth Corpo
Slide 24: Transaction overview
Transaction overview $Millions; unless otherwise stated Estimated Sources and Uses Illustrative Pro Forma Valuation Estimated Sources: $ % Share Price $ 10.00 Stock Consideration (Equity Rollover) $800 57.8% (x) Pro Forma Shares Outstanding 138.8 SPAC Cash in Trust 345 24.9% Pro Forma Equity Value $
Slide 25: High-quality growth & an attractive entry valuation
High-quality growth & an attractive entry valuation Alternative Asset Manager Wealth Management Platform Mean: 19.9x Median: 17.6x EV/EBITDA AlTi: 13.7x 2021P Median: 17.6x Mean: 17.3x EV/EBITDA AlTi: 1 0.9x 2022P Note: Market data as of September 15, 2021; Enterprise value includes corporate level
Slide 26: Additional Information
Additional Information 26
Slide 27: Alvarium Tiedemann ecosystem
Alvarium Tiedemann ecosystem Global Wealth Management Private Markets Group Robust platform delivering tailored investment Access to uncorrelated investment strategies and and wealth solutions to sophisticated clients co-investment opportunities • Holistic wealth and investment partner delivering •
Slide 28: Established foundation poised to accelerate growth
Established foundation poised to accelerate growth Growing AUM / AUA to $100+ billion by 2026 by executing on our plan for quality growth M&A Consolidation Partnerships Organic Growth Independent Advisory Institutionalization Impact and Innovation Leveraging Synergies Quality Foundation Distinctive,
Slide 29: Our commitment to DEI & ESG best practices
Our commitment to DEI & ESG best practices Culture at the Core Responsible Investing Diversity, Equity, & Inclusion is a matter of principle for us and We offer multi-asset class portfolios that generate quantifiable is fundamental to how we operate. Our commitment is reflected social and environmen
Slide 30: Executive committee
Executive committee Michael Tiedemann Kevin Moran Sophie Rowney Nancy Curtin Jonathan Goodwin Spiros Maliagros 25+ years experience 15+ years experience 10+ years experience 20+ years experience 15+ years experience 20+ years experience Chief Executive Officer Chief Operating Officer General Counsel
Slide 31: Risk factors
Risk factors The risk factors below have been prepared solely for purposes of the proposed private placement (the “Private Placement”) of common equity of Cartesian Growth Corporation in connection with the proposed business combination (the “Business Combination”) among Cartesian Growth Corporation
Slide 32: Risk factors (cont'd)
Risk factors (cont’d) The Company’s information and technology systems may be vulnerable to damage or interruption from computer viruses, network failures, computer and telecommunication failures, infiltration by unauthorized persons and security breaches, usage errors by its professionals, power ou
Slide 33: Risk factors (cont'd)
Risk factors (cont’d) The Company’s management team has limited experience managing a public company. If securities or industry analysts do not publish research or reports about the Company’s business, if they adversely change their recommendations regarding its shares or if its results of operation
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