Investor Presentaiton
Legacy Business Winding up Rapidly
Net Capital Remaining in Legacy Business - Being Converted to Cash
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
Q1
Q2
Q3
Q4
Q1
Q2
Q3
FY2021
FY2022
Legacy Business Wind-up
Assets Held for Sale program making excellent progress with land sales
Farmland Mortgages: Book is shrinking rapidly due to farmer buyouts via refinancing. Maximum term remaining = ~13 months
Collection Accounts: Slow but steady progress working through the legal system - fully secured via farmland mortgages & every collection account results in a
write-up
Full carrying value + significant upside on legacy assets is
secured by liens on farm real estate
Source: Company SEDAR filings, Management estimates
SSC
Security Services Corp.
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