Cadre Holdings IPO Presentation Deck
PRO FORMA 3021 CAPITAL
STRUCTURE
(SMM)
Cash and Cash Equivalents
Debt:
Revolver
Term Loan and Others²
Total Debt
Net Debt
Total Debt / LTM EBITDA
Net Debt/LTM EBITDA
LTM Adj. EBITDA³
CADRE
HOLDINGS
Pro Forma
For Refi.
Actual
1
6/30/2021
$1.0
$15.5
197.4
$212.9
$211.9
3.0x
3.0x
$71.2
Pre-IPO
$15.5
High
Guidance Guidance Guidance Guidance
9/30/2021 9/30/2021 9/30/2021 9/30/2021
$25.3
197.2
$222.5
$207.0
3.1x
2.9x
Low
$71.7
$14.5
$25.8
197.9
$223.7
$209.2
Pro Forma For IPO¹
Low
High
3.2x
2.9x
$71.0
$22.5
165.3
$165.3
$142.8
2.3x
2.0X
$71.7
$21.0
166.0
$166.0
$145.0
2.3x
2.0x
$71.0
Based on mid-point of the fing range
Includes other doot and unamortized debt discounts
3. Non-GAAP Financial measures. See side 30 and 31 for definitions and reconciliations to the nearest GAAP measures
Company estimates for Warren 8, Randers and Others
6 Phantom stock vests over three year perind beginning March 2022
PRO FORMA OWNERSHIP
Rank
Shareholder
1 Warren B. Kanders
2 Others
3
IPO Investors
Management Team
Phantom Stock5
# of Shares¹
16,956,670
10,526,680
5,769,231
427,000
% Pro Forma
Ownership
51.0%
31.7%
17.3%
0.0%
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