COMPASS DIVERSIFIED Investor Presentation
Why CODI
Now?
10
Г
Г
ergobaby
STRONG BALANCE SHEET
.
Leverage 2.9x
• Approximately $465mm of availability to
deploy
LOWEST COST OF CAPITAL IN OUR
HISTORY
• 2021 debt refinancing extended
.
maturities and added $1.0B at 5.250%
of unsecured debt with flexible
covenants, while redeeming 8.000%
debt
Roughly half of capital, non-dilutive, at
an average cost of 5.8%
• CODI reclassed to a C Corp for taxation
purposes to broaden investor base and
to simplify ownership of stock
CODI IS POSITIONED TO DELIVER
REGARDLESS OF ECONOMIC
CLIMATE
.
•
If economic expansion - ten remaining
subsidiaries producing strong Cash Flow
which on an annualized basis is
expected to exceed distribution; poised
to grow in economic expansion
If economic downturn - Cash Flow from
existing subsidiaries expected to decline,
however offset by $465mm in available
capital to deploy into acquisitions at
attractive prices
COMPASS
DIVERSIFIEDView entire presentation