Reservoir Investor Presentation Deck
3 Proven M&A Platform
Date
VALUE ENHANCEMENT LEADS TO BOUGHT-DOWN MULTIPLES
Purchase Price
NPS/NLS
(At Close)
Multiple
(At Close)
$5.5
$ 3.6
$3.2
$3.5
$4.3
$ 5.7
$2.5
$1.3
$0.9
$1.5
$0.6
$0.7
$ 0.4
$0.4
$0.4
$0.6
2021
$ 101.3
18.3 x
2020
$61.4
17.0 x
2020
$ 60.2
19.0 X
2019
$50.1
14.5 x
2014
$44.0
10.3 x
2015
$ 43.3
7.6 x
2018
$30.7
12.4 x
2020
$ 16.4
13.0 x
2012
$11.0
12.0 x
2010
$8.4
5.4 x
2017
$7.8
13.3 x
2021
$7.6
11.0 x
2021
$6.7
15.9 x
2020
$6.0
16.0 x
2018
$5.9
15.0 x
2020
$5.7
9.1 x
Note: Reflects transactions of +$5M in value that are at least 12 months old as of 03-31-21 (two 2021 transactions included that have 12 months of earnings or pro-forma
earnings)
NPS/NLS
(FY2022)
$8.7
$3.9
$3.0
$6.9
$4.7
$4.8
$3.3
$0.8
$1.2
$2.2
$0.6
$0.6
$0.7
$ 0.5
$0.3
$0.7
Multiple
(FY2022)
11.7 x
15.8 x
20.0 x
7.2 x
9.4 x
9.0 x
9.4 x
19.5 x
9.5 x
3.9 x
14.1 x
12.0 x
9.0 x
12.3 x
20.3 x
7.7 x
14.7x
WEIGHTED AVERAGE
ENTRY MULTIPLE
2.3x
WEIGHTED AVERAGE
REDUCTION IN
MULTIPLE
18
P₁
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