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Investor Presentaiton

PREFERRED EQUITY RETURNS FROM EXITS TO DATE Smillions CAD Number of Years Invested Capital Distributions Exit Capital Invested Total Received Received Return % total Return IRR % MAHC(1) 1.0 $ (18.4) $ 7.2 $ Sequel 4.2 (77.4) 59.8 20.0 $ 8.8 120.9 48% 53% 103.3 133% 29% Agility 5.4 (20.2) 18.5 28.3 26.5 131% 25% LifeMark 11.3 (67.5) 75.6 123.4 131.5 195% 24% MediChair 6.8 (6.5) 6.4 10.0 9.9 152% 24% SBI 2.4 (106.8) 42.7 122.7 58.6 55% 24% EOR 13.2 (7.2) 17.4 12.6 22.8 317% 22% Killick 4.0 (41.3) 19.7 45.0 23.5 57% 20% Quetico 3.0 (28.2) 13.1 30.4 15.4 55% 19% Labstat 6.0 (47.2) 43.8 61.3 57.9 123% 19% Solowave 5.8 (42.5) 31.9 44.5 33.9 80% 17% KMH 7.0 (54.8) 21.3 13.8 (19.8) -36% -13% Sandbox (2) 3.9 (78.9) 25.7 33.7 (19.5) -25% -16% SHS(3) 0.9 (15.0) 1.0 1.1 Group SM(4) 4.6 (40.5) 9.8 - (12.9) (30.7) -86% -44% -76% -67% Totals from exits $ (652.3) $ 393.7 $ 667.8 $ 409.1 63% āœ“ Alaris has generated $409 million in total returns (+63%) on partners that have either repurchased all of Alaris' units, or ceased operations. āœ“ The monthly distribution Alaris receives from its Partners ensures Alaris is getting a return on investment from Day 1, rather than only on an exit event. This greatly reduces the investment risk. (1) (2) MAHC repurchased Alaris' units after 1 year, resulting in an additional 24 months of distributions being paid to Alaris on exit. This resulted in an IRR much higher than what is expected. Sandbox exit capital received excludes an additional US$4.0 million currently held in escrow and the potential for a US$2.0 million earnout. Returns on senior debt are included. (3) SHS went into receivership in December 2013, therefore no exit capital was received. (4) (5) Alaris is not recording any value for remaining preferred units in SM. However, SM continues to have a financial obligation in the future should the business turn around. Promissory notes outstanding with any partners are not included in the table above. ALARIS EQUITAINERS COME TRUST EARNINGS COVERAGE HEAT MAP Earnings Coverage Heat Map . DNT Federal Resources Planet Fitness Providence (MyDyer) LMS Accscient Unify Heritage SCR Q4-19 Q1-20 Q2-20 Q3-20 1.5x-2.0x 1.5x-2.0x 1.5x-2.0x 1.5x-2.0x 1.2x-1.5x 1.2x-1.5x >2.0x >2.0x 1.5x-2.0x 1.2x-1.5x 1.5x-2.0x 1.2x-1.5x <1.0x <1.0x <1.0x <1.0x 1.2x-1.5x 1.5x-2.0x 1.5x-2.0x 1.5x-2.0x 1.2x-1.5x 1.2x-1.5x 1.2x-1.5x 1.2x-1.5x 1.5x-2.0x 1.5x-2.0x >2.0x >2.0x >2.0x >2.0x >2.0x >2.0x 1.5x-2.0x >2.0x 1.5x-2.0x 1.5x-2.0x Guide <1.0x 1.0x to 1.2x 1.2x to 1.5x 1.5x to 2.0x >2.0x . Kim co <1.0x <1.0x 1.2x-1.5x >2.0x ccComm <1.0x Fleet <1.0x >2.0x Body Contour Centers GWM Holdings Amur Financial Stride Carey n.a. n.a. 1.5x-2.0x 1.5x-2.0x <1.0x <1.0x 1.5x-2.0x 1.5x-2.0x 1.5x-2.0x 1.2x-1.5x 1.5x-2.0x <1.0x 1.5x-2.0x >2.0x 1.2x-1.5x >2.0x 1.5x-2.0x 1.5x-2.0x 1.5x-2.0x 1.5x-2.0x >2.0x >2.0x >2.0x >2.0x >2.0x The table to the left displays the range of earnings coverage ratios ("ECR") for each of our Partners over the last 4 quarters. Generally speaking, a ratio above 1.0x provides enough earnings to cover distributions to Alaris, interest and principal payments to lenders as well as unfunded capital expenditures. Of the 17 partners listed, two fall below less than 1.0x earnings coverage, three are in the 1.2x to 1.5x range, six are in the 1.5x to 2.0x range and six are in the >2.0x earnings coverage range. In Q3-20 vs Q2-20, 10 Partners had no change in the ECR range, 4 had increases to their ECR range and 3 had decreases in the ECR ranges. The decrease for GWM Holdings was due to their additional distributions from the follow-on contribution made in October 2020. SCR and Kimco's ECRS are based on their current fixed distributions as opposed to fully contracted ALARIS EQUITY PARTNERS COME TRUST 15 16 8
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