CODI Investor Presentation
AUGUST 2022
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?
Compass Diversified Holdings (NYSE: CODI) owns a diverse group of
CODI BY THE NUMBERS
leading middle-market businesses
Long-term ownership approach through permanent capital base
Founded in 1998, came public in 2006
Currently controlling ownership in seven branded consumer and four niche industrial subsidiaries
Provides shareholders access to leading middle market businesses through public company transparency and liquidity
SUBSIDIARIES
$7.0B+
$138.9M
$3.1B
~$600M $2.2B+
$448M+
AGGREGATE
TRANSACTIONS
23 Platforms & 31 Add-Ons
TTM Adjusted Earnings
June 30, 2022
ASSETS MANAGED
11 Current Platforms
Available Revolver + Cash
Permanent Capital Base
TTM Proforma Revenue
TTM Proforma Adjusted
EBITDA
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How Are We Different?
Permanent Capital is
Strategic Capital.
Permanent capital structure & long- term holding horizons allow us to:
- Deploy capital patiently
- Withstand short-term market distortions
- Act swiftly when others are sidelined
Owning Uncorrelated Assets Drives Lower Cost of Capital.
Track record of scaling diverse assets has consistently:
- Reduced our cost of capital
- Increased share price returns
- Deepened our economic and competitive moat
Clear Alignment with
Investors.
Since we finance acquisitions at the parent company level vs. separate companies (à la traditional private 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
- 24 years of experience in branded consumer and niche industrial verticals
- Strong balance sheet provides certainty and speed to close
- Acquired three businesses during the pandemic, all are contributing double-digittop-line growth
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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Compass Diversified Holdings published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 20:35:10 UTC.