Evercore Investment Banking Pitch Book
Project Lotus Proposal Ownership Summary
Votes/ Share
Share Price (6/22/20)
Fully Diluted Shares Outstanding
Trading Value
Size of Float (# Shares)
Size of Float (S)
3-month Average Daily Trading Volume (# of Shares)
% Total Float
3-month Average Daily Trading Volume (Smm)
% Total Float
(+) New LBRD Shares Issued Based on Proposal
New Series A Shares
New Series B Shares
New Series C Shares
New Preferred Shares
(+) Current Existing LBRD Series A Shares
(+) Current Existing LBRD Series B Shares
(+) Current Existing LBRD Series C Shares
(-) Canceled LBRD Series C Shares Held Within LBRD
Total Pro Forma LBRD Shares
GLIB Shareholder % Economic Ownership in Pro Forma LBRD
GLIB Shareholder % Voting Interest in Pro Forma LBRD
Liberty Management % Economic Ownership in Pro Forma LBRD
Liberty Management % Voting Interest in Pro Forma LBRD
Total Public Economic Ownership in Pro Forma LBRD
Total Public % Voting Interest in Pro Forma LBRD
GLIB Public % Economic Ownership in Pro Forma LBRD
GLIB Public % Voting Interest in Pro Forma LBRD
LBRD Public % Economic Ownership in Pro Forma LBRD
LBRD Public % Voting Interest in Pro Forma LBRD
Standalone Statistics
LBRD Series C
$129.36
154.0
$19,923
105.5
$13,645
Source: Factset (6/22/20)
Excludes Factset float of 27.7% Series C shares held by GCF Liberty and not traded
2 Voting interest relates to 1/3 vote per share attributable to holders of GLIB series A redeemable preferred
EVERCORE
0.8
0.7%
$92
0.7%
Pro Forma Statistics
LBRD Series C Issued to GLIB Series A and GLIB
Series B (LBRD Proposal)
65.5
61.4
4.1
26.5
2.5
154,0
(42.7)
205.8
30.5%
2.6%2
7.7%
49.0%
92.3%
51.0%
28.2%
2.5%
64,1%
48.6%
LBRD Series A
Confidential
($ in millions)
1
$127.57
26.5
$3,380
24.6
$3,133
0.2
0.6%
$18
0.6%
LBRD Series A Issued to GLIB Series A: LBRD Series
BIssued to GLIB Series B (Alternative)
65.5
58.7
27
4.1
26.5
2.5
154.0
(42.7)
205.8
30.2%
63.1%
7.7%
38.8%
92.3%
61.2%
27.9%
42.8%
64.4%
18.4%
GCI
LibertyView entire presentation