Aventus Capital Inc. · TSXV:AVTS
Aventus Capital — The Westaim — Q4 2024 Earnings Presentation
25 slides from Aventus Capital's earnings presentation, Mar 26, 2025
Slide 1: Q4 2024 Investor Presentation
Q4 2024 Investor Presentation March 26, 2025
Slide 2: Disclaimer: Safe Harbour Statement
Disclaimer Safe Harbour Statement This document and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part either directly or indirectly without the prior written consent of each of The Westaim Corporation (“Westaim” or the “Corporation” or t
Slide 3: Disclaimer: Safe Harbour Statement
Disclaimer Safe Harbour Statement Supplementary financial measures concerning the Arena FINCOs and Arena (the “Arena Supplementary Financial Measures”) contained in this presentation are unaudited and have been derived from the unaudited consolidated financial statements of Arena FINCOs and Arena fo
Slide 4: Important Disclosures: Non-GAAP Measures
Important Disclosures Non-GAAP Measures Westaim Westaim reports its interim consolidated financial statements using Generally Accepted Accounting Principles (“GAAP”) and accounting policies consistent with IFRS. Westaim uses both IFRS and non-generally accepted accounting principles (“non-GAAP”) mea
Slide 5: Important Disclosures
Important Disclosures Arena With respect to the section on Arena the information therein is being provided solely in relation to the management company and the investment manager, including their funds, subsidiaries and affiliates. Returns shown are unaudited. Past performance is not indicative or a
Slide 6: Q4 2024 Highlights: Focused on Accelerating Arena's Business
Q4 2024 Highlights: Focused on Accelerating Arena’s Business Q4 2024 net loss attributable to Arena (100%) was Q4 2024 net income was $2.4 million (+1.3% net Q4 2024 net loss was $21.3 million compared to $11.5 million compared to net income of $1.1 million for investment return) compared to Q4 2023
Slide 7: Westaim Summary Q4 2024 Operating Results
Westaim Summary Q4 2024 Operating Results Three months ended Year ended Westaim’s loss and comprehensive loss for Q4 December 31 December 31 2024 was $21.3 million ($0.99 diluted loss per (Amounts in millions of US$ except per share data) 2024 2023 2024 2023 share) compared to a profit and comprehen
Slide 8: Westaim Summary Q4 2024 Statement of Financial Position
Westaim Summary Q4 2024 Statement of Financial Position As at December 31, 2024 September 30, 2024 December 31, 2023 Book value per fully diluted share decreased $0.10 (-0.4%) to $22.88 at December 31, 2024 from $22.98 at December 31, 2023; (Amounts in millions of US$ except per share data) Book val
Slide 9: Westaim Diluted (Loss) Earnings per Share: Three months ended December 31, 2024
Westaim Diluted (Loss) Earnings per Share (US$): Three months ended December 31, 2024(1) (1) Adjusted for share consolidation. For further information, refer Westaim Financial Statements for the twelve months ended December 31 ,2024. 9
Slide 10: Westaim Book Value per Share: Three months ended December 31, 2024
Westaim Book Value per Share (US$): Three months ended December 31, 2024(1) (1) Adjusted for share consolidation. For further information, refer Westaim Financial Statements for the twelve months ended December 31 ,2024. 10
Slide 11: Westaim Diluted Earnings per Share: Full Year 2024
Westaim Diluted Earnings per Share (US$): Full Year December 31, 2024(1) (1) Adjusted for share consolidation. For further information, refer Westaim Financial Statements for the twelve months ended December 31 ,2024. 11
Slide 12: Westaim Book Value per Share: Full Year 2024
Westaim Book Value per Share (US$): Full Year December 31, 2024(1) (1) Adjusted for share consolidation. For further information, refer Westaim Financial Statements for the twelve months ended December 31 ,2024. 12
Slide 13: AIGH is a global financial institution with over 200 people in 8 offices
All data is as of December 31, 2024 unless otherwise specified AIGH is a global financial institution with over 200 people in 8 global offices including its affiliates, complemented by an extensive network of joint venture partners, operating in over 20 countries.
Slide 14: About Arena
About Arena 14 • Institutional investment manager focused on both public and private fixed income investments with over 180 people, inclusive of sourcing, underwriting, surveillance, workout, operational ABOU T ARENA ( 1 ) improvement and extensive financial / operational infrastructure. $3.4B • Bro
Slide 15: Arena Key Highlights: Differentiated Approach, Proven Performance
Arena – Key Highlights 15 • Arena is a growing global financial institution • Mandate flexibility and diversification contribute to consistency across cycles • Proprietary sourcing and global infrastructure with a focus on smaller-sized transactions Differentiated Approach • Servicing and systems th
Slide 16: Arena – Q4 2024 Quarterly Results Highlights
Arena – Q4 2024 Quarterly Results Highlights 16 Three months ended December 31 Year ended December 31 Q4 2024 Results: (dollars in millions) 2024 2023 2024 2023 • Net income for Q4 2024 was a loss of $11.5 million (Q4 2023: profit of $1.1 Arena Investors million) Management fees $ 6.8 $ 7.6 $ 28.3 $
Slide 17: $3.4B AUM and Programmatic Capital: Investment vehicles
Arena – Investment vehicles (1) 17 $ 3 . 4 B A U M A N D P R O G R A M M AT I C C A P I TA L ( 2 ) Permanent Capital (Arena FINCOs) EXCESS CA PACI T Y OPP ORTUNI TI ES • Arena Finance • Arena Origination Company $1.0B A R E N A F U L LY D I V E R S I F I E D Open-ended Evergreen Funds New Zealand Re
Slide 18: Investing: Performance & Deployment (drawdown funds)
Arena – Investing: Performance & Deployment 18 • The following table presents the performance data for Arena’s drawdown funds and accounts: As of December 31, 2024 Year of AUM and Original Capital Capital Invested Realized Unrealized Total Net Net Primary Investment ($ in millions) inception Program
Slide 19: Investing: Performance & Deployment (open-ended funds)
Arena – Investing: Performance & Deployment 19 • The following table presents the performance data for Arena’s significant open-ended funds and Stable Income strategies: As of December 31, 2024 Net Returns (%) AUM and Quarter-to-date Year-to-date Since Inception Primary Investment Strategy Year of i
Slide 20: AUM and Programmatic Capital Through December 31, 2024
Arena – AUM and Programmatic Capital Through December 31, 2024 20 • AIGH’s assets under management (including undrawn commitments) and Programmatic Capital were $3.4B2 at December 31, 2024. From December 31, 2015, to December 31, 2024, AUM and Programmatic Capital has grown at a CAGR of ~36%. • In Q
Slide 21: Arena FINCOs
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Slide 22: Arena FINCOs: Summary of Operating Results
Arena FINCOs: Summary of Operating Results Three months ended Year ended Q4 2024 net income was $2.4 million (+1.3% net December 31 December 31 investment return) compared to Q4 2023 net loss (Amounts in millions of US$ except per share data) 2024 2023 2024 2023 of $0.9 million (-0.5% net investment
Slide 23: Arena FINCOs: Summary of Net Assets
Arena FINCOs: Summary of Net Assets Arena FINCOs’ results reflect mark-to- As at December 31, 2024 September 30, 2024 December 31, 2023 market valuations within its portfolio (Amounts in millions of US$ except per share data) which has a net value of $173.9 million at December 31, 2024 compared to C
Slide 24: Arena FINCOs: Portfolio breakdown as at December 31, 2024
Arena FINCOs: Portfolio breakdown as at December 31, 2024 Corporate Other Private Securities Investments 28.8% 22.9% Real Estate Investments Structured Finance 27.3% and Assets 21.0% Arena FINCOs held 205 positions at December 31, 2024 compared to 221 positions at December 31, 2023, with 60.8% in eq
Slide 25: Westaim
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