CODI Investor Presentation
AUGUST 2023
Legal Disclaimer
This presentation contains certain forward-looking statements within the meaning of the federal securities laws. These statements may be made a part of this presentation or by reference to other documents we file with the SEC.
Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "anticipate," "may," "estimate," "should," "seek," "expect," "plan," "believe," "intend," and similar words, or the negatives of those words, are intended to identify forward-looking statements. Certain statements regarding the following particularly are forward-looking in nature: future financial performance, market forecasts or projections, projected capital expenditures; and our business strategy.
All forward-looking statements are based on our management's beliefs, assumptions and expectations of our future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause our actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include but are not limited to the risks set forth in
"Risk Factors" included in our SEC filings.
In addition, our discussion may include references to Adjusted Earnings, Adjusted EBITDA, EBITDA, cash flow, or other non-GAAP measures. A reconciliation of the most directly comparable GAAP financial measures to such non-GAAP financial measures is included in our annual and quarterly reports in Forms 10-K and 10-Q filed with the SEC as well as the attached Appendix.
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Who is CODI?
CODI BY THE NUMBERS
As of 6/30/23
Compass Diversified (NYSE: CODI) owns and manages a diverse group of leading middle-market businesses
Long-term ownership approach through permanent capital base Founded in 1998, came public in 2006
Currently own and manage seven branded consumer and three niche industrial subsidiaries
Provide shareholders access to leading middle market businesses through public company transparency and liquidity
SUBSIDIARIES
$7.0B+ $3.2B+ $2.2B+ $434M
$134.6M ~$573M 4%
3%
Aggregate Acquisitions
23 Platforms & 32 Add-Ons
Invested Capital
TTM Proforma Revenue
TTM Proforma Adjusted
EBITDA
TTM Adjusted Earnings
Available Revolver + Cash
Permanent Capital Base
TTM Proforma Revenue
Growth
TTM Proforma Subsidiary Adjusted EBITDA Growth
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How Are We Different?
Permanent Capital is | Owning Uncorrelated Assets |
Strategic Capital. | Drives Lower Cost of Capital. |
Permanent capital structure & long- | Track record of scaling diverse |
term holding horizons allow us to: | assets has consistently: |
Clear Alignment with
Investors.
Since we finance acquisitions at the parent company level vs. separate companies (à la traditional private
- Deploy capital patiently
- Withstand short-term market distortions
- Act swiftly when others are sidelined
- Reduced our cost of capital
- Increased shareholder returns
- Deepened our economic and competitive moat
equity):
- We bear the risk alongside our shareholders
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Our Permanent Capital Advantage
Long-term, Opportunistic Approach in Sectors with Management Expertise
- Partner with management teams to sustainably build businesses for the long-term
- 25 years of experience in branded consumer and niche industrial verticals
- Strong balance sheet provides certainty and speed to close
Value Creation Through Actively Partnering with Management
- Permanent capital drives long-term value creation through:
- Building management teams
- Investing in lasting infrastructure
- Organic growth and add-on acquisitions
Superior Governance and
Transparency
- Compensation structure aligns interest of shareholders and management
- Quarterly reporting = transparency
- Majority of board is independent
- History of waiving management fees when appropriate
- Large and growing ownership of CODI shares by manager partners and employees
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Disclaimer
Compass Diversified Holdings published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 21:21:14 UTC.