2022 Financial Guidance
Capital Structure - A Solid Foundation for
Growth
AKUMIN
Strong Alignment
of Interests
Management and insiders,
including Stonepeak, own
approximately 40% resulting in
strong alignment of interests with
all stakeholders
Akumin's capital structure is
comprised of a diverse set of
capital providers including
traditional banks, bondholders
and Stonepeak as debt and equity
stakeholders
This diverse investor base
provides a solid foundation as the
company executes on its
integration, planned growth and
transformational initiatives
(US$ millions, unless noted)
Share Price ($)
Total Shares Outstanding (mm)
Equity Value
Total Secured Debt
Less: Cash
Net Secured Debt
Adj. EBITDA
(1)
Net Secured Debt / Adj. EBITDA
EA
1.70
89.0
151.3
SA
$
903.2
$
(55.9)
SA
S
EA
847.3
160.6
5.3x
Equity Value
Plus:
$
151.3
Net Secured Debt
Stonepeak Debt
SSSS
$
847.3
$
357.0
211.0
1,566.6
9.8x
Minority Interest
Enterprise Value
EV/Adj. EBITDA
Based on mid-point of 2022 guidance pre-synergies and excluding run-rate impact of 2022 planned
growth initiatives
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