Investor Presentaiton
6 Capital light business model with significant capacity to deploy
We have significant capital deployment capacity...
Capital Deployment Capacity
Above target
leverage range
Up to 2.5x
leverage
~$1.5-1.8B
4
~$480M-$750M
3
~$820M
2
~$220M
1
Capital Deployment Capacity
Estimate as of Q3 2022
Potential M&A capacity above our target range
Willing to temporarily go above our target leverage range for attractive
M&A opportunities
Incremental M&A leverage capacity within our target range
Incremental capital accessible if all other capacity were deployed for M&A
at a 6-8x purchase multiple (20)
Additional leverage capacity
Capital available to deploy up to 2.5x leverage
Discretionary cash
Corporate cash available to use above $200M management target as of
Q3 2022
LPL Financial Member FINRA/SIPC
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