AlTi SPAC Presentation Deck slide image

AlTi SPAC Presentation Deck

AITi Transaction overview ALVARIUM TIEDEMANN CAPITAL $Millions; unless otherwise stated Estimated Sources and Uses Estimated Sources: Stock Consideration (Equity Rollover) SPAC Cash in Trust Cash Raised from PIPE Sponsor Total Sources Estimated Uses: Rollover Equity Cash Used for Secondary Share Purchases Transaction Expenses (Est.) Cash to Balance Sheet Sponsor Total Uses % 839 59.0% 345 165 73 24.3% 11.6% 5.2% 100.0% $ 1,422 • Excludes the impact of warrants and future management equity compensation • Assumes no public shareholder redemptions EA 839 100 61 349 73 $ 1,422 % 59.0% 7.0% 4.3% 24.5% 5.2% 100.0% Notes: • Excludes shares subject to 5-year earnout - 13.5 million shares subject to be issued to Existing Partners & Families upon achieving a share price of $12.50 (50%) and $15.00 (50%) - 1.3 million Sponsor shares subject to forfeiture. Such forfeiture to be canceled at a share price of $12.50 (50%) and $15.00 (50%) • Assumes $100 million of secondary share sales and $61 million of transaction expenses • The Pro Forma Enterprise Value of $1,139 million presented here differs from the term Companies Enterprise Value of $1,080 million used in the Business Combination Agreement. Companies Enterprise Value reflects the adjustment for approximately $7 million of certain transaction expenses, which were removed in connection with the determination of the amount of the equity rollover at the time the Business Combination Agreement figure was agreed. The figures also reflect updates for the expected incurred Expenses and the net debt at Closing. Illustrative Pro Forma Valuation Share Price (x) Pro Forma Shares Outstanding Pro Forma Equity Value Less: Assumed Pro Forma Net Cash Pro Forma Enterprise Value PF Enterprise Value as a Multiple of 2022P Economic EBITDA Illustrative Pro Forma Ownership Existing Partners & Families SPAC Shareholders PIPE Investors Sponsor 24% 12% 5% $1.4B PF Equity Value 59% $ 10.00 142.7 $ 1,427 287 $ 1,139 11.4x 24
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