Investor Presentaiton
Arena FINCOS: Summary of Operating Results
â–˛WESTAIM
ARENA
Arena FINCOS
(Currency amounts in millions of US$)
Investment income
Net gain (losses) on investments
Three months ended
December 31, 2021
Year ended
December 31, 2021
2021
2020
2021
2020
$4.8
$0.2
(2.1)
3.5
$10.4
9.0
(0.9)
(0.9)
(3.5)
$1.8
$2.8
$15.9
$5.6
0.6
(0.9)
$5.3
Q4 2021 Net Income was $0.5 million
(+0.3% net investment return) compared
to Q4 2020 Net Income of $1.5 million
(+0.9% net investment return)
FY 2021 Net Income was $9.8 million
(+6.1% net investment return) compared.
to FY 2021 Net Loss of $0.1 million (0.0%
net investment return)
Interest expense
Net investment income
Operating expenses:
Management and asset servicing fees
(1.1)
(1.0)
(4.2)
(4.2)
Incentive fees
(0.1)
(0.9)
(0.2)
Other operating expenses
(0.1)
(0.1)
(0.8)
(0.7)
FY 2021
Net performance of Arena FINCOS*
$0.6
$1.6
$10.0
$0.2
Advisory fees paid to the Company
(0.1)
(0.1)
(0.2)
(0.2)
Holding companies' expenses
(0.1)
Net operating results of the Arena
FINCOS
$0.5
$1.5
$9.8
($0.1)
Gross investment return
Net investment return*
1.1%
1.7%
9.8%
3.0%
0.3%
0.9%
6.1%
0.0%
was impacted by proper
financing now in place, and we are very
comfortable with the positioning of the
FINCOS portfolio as we move into 2022
* Net investment return does not include certain corporate level advisory fees and interest paid to Westaim, and other corporate level expenses.
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