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TIMIA Capital Presentation
TECHNOLOGY-ENABLED LENDING FOR GROWING SOFTWARE COMPANIES
TSXV TCA
Disclaimer
Not an Offer to Purchase or Sell Securities
This overview is for informational purposes and is not an offer to sell or a solicitation of an offer to buy
any securities in TIMIA Capital Corp. (the “Company”), and may not be relied upon in connection with
the purchase or sale of any security.
Forward-Looking Statements and General Disclaimer
This presentation is Copyright 2017 TIMIA Capital Corp., which reserves all rights in and to this
presentation. TIMIA Capital Corp. (the “Company”) is a public company listed on the TSX Venture
Exchange (TSX-V: TCA), with a principal office in Vancouver, British Columbia, Canada.
The statements contained in this presentation which are historical in nature are accurate to the best of
our knowledge. However, the Company makes no assurances and does not guarantee that the
statements included herein are accurate.
Forward-Looking Statements (Safe Harbor Statement)
The information set forth in this presentation may contain “forward-looking statements” that are not
historical fact and are subject to certain risks and uncertainties. Statements in this presentation which
are not purely historical in nature, including statements regarding beliefs, plans, expectations or
intentions regarding the future, are forward-looking. Statements that are not historical facts, including
statements that are preceded by, followed by, or that include such words as “estimate,” “anticipate,”
“believe,” “plan”, “intend”, “expect”, “may” or “should” or similar statements, are forward-looking
statements. Forward-looking statements which may be contained within this presentation include, but
are not limited to, statements regarding the economic prospects of the Company’s investments,
general economic conditions, the Company’s future plans or future revenues, timing of potential
expansion or improvements. Such forward-looking statements are subject to risks Presentation, the
Company has made no filings with the Securities Exchange Commission and uncertainties which could
cause actual results to differ materially from estimated results. Such risks and uncertainties include,
but are not limited to, the Company’s ability to raise sufficient capital to fund investment, changes in
general economic conditions or financial markets, changes in interest rates, litigation, legislative,
judicial, regulatory, political and competitive developments in Canada and world-wide, technological and
operational difficulties and changing foreign exchange rates. There can be no assurance that the
Company’s efforts will succeed and ultimately achieve sustained commercial success. These forward-
looking statements are made as of the date of this presentation. There can be no assurance that beliefs,
plans, expectations or intentions of the Company will prove to be accurate.
**Non-GAAP Measures and Other Financial Measures
In managing our business and assessing our financial performance, we supplement the information
provided by the financial statements presented in accordance with GAAP with metrics and non-GAAP
financial measures which are utilized by our management to evaluate our performance. Although we
believe these measures are widely used in the specialty finance industry, some may not be defined by us
in precisely the same way as by other companies in the specialty finance industry, so there may not be
reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and
comprehensive loss from continuing operations (the most directly comparable GAAP measure)
excluding amounts for: income tax expense; interest expense; depreciation and amortization; equity-
based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful
measure because it allows us to evaluate our performance by removing from our operating results items
that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial
performance under GAAP and should not be considered in isolation or as a substitute for net loss and
comprehensive loss from continuing operations, the most directly comparable GAAP financial measure.
Adjusted EBITDA is not defined in the same manner by all companies and may not be comparable to
other similarly titled measures of other companies unless the definition is the same.
Cautionary Note to U.S. Investors
As of the date of this n (“SEC”), and makes no representations that it has or will have a duty to make
filings with the SEC. The Company is not authorized to offer any securities to residents of the United
States of America.
2
Investment Highlights
3
Delivering Great Returns
• TIMIA is a fin-tech driven specialty lending
platform
• Focused on small to medium size private
software companies
• Experienced tech VC management team
• Loans have security protection on downside
and equity participation on upside
• 11 loan investments since 2015 inception, 4
successful early exits, >25% portfolio IRR
• Strong portfolio, zero bad debt
• Continued revenue growth year over year
• 2 of last 3 quarters had positive net income
Creating Global Platform
• Proprietary Financial Technology (Fintech)
platform lowers risk and makes smaller loans
more economic
• Innovative capital structure both accesses low
cost capital while improving shareholder return
• Expansion of Private Debt Market providing
significant tailwinds.
• Geographic expansion underway to broaden
pipeline and expand markets.
TIMIA is Pioneering an Underserved Sector
TRADITIONAL BANKS, PRIVATE EQUITY
VENTURE
CAPITAL
STRUGGLING
ANGEL INVESTORS / EQUITY
100
10
1
Revenue($M)
0 20 100Annual Revenue Growth (%)
Financing Landscape for Software Companies
4
Why focus on Software Companies
Huge Growing MarketStrong Security
Quantitative Risk Management Program
• Recurring Revenue
• Strong Revenue Growth
• High Gross Margins 70%+
• Spending only on growth
• “Survivability”
Active M&A Market Enhances Return
$0.00M
$2.00B
$4.00B
$6.00B
$8.00B
$10.00B
$12.00B
$14.00B
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
YTD
$0
$2
$4
$6
$8
$10
$12
$14
$16
2015 2016 2017
Canada United StatesBillions
Total Potential Loan Book
• North America
• Software Companies
• $1M to $10M Revenue
• $14 Billion
• 7,075 Companies
• 25% YoY Growth
• Metrics for software companies are standardized
• Efficient due diligence
• Efficient monthly monitoring
• Cherry-pick the best opportunities
• Fintech tools allow for cost-effective underwriting
• Transparency to Investors
5
Source: Pitchbook.com
Source: Pitchbook.com
Value of M&A Transactions
Competitive Positioning
VS. Other Debt Providers
• Limited availability for software companies
with less than $10M in revenue
• Working capital covenants
• Penalties for deferred revenue
• Cash sweeps
• Personal guarantee requirements
VS. Equity Providers
• Higher cost than our solution
• Loss of control / dilution
• Time consuming to close equity round
• Preferred share provisions
• Restrictions on exit horizon
• Driving for an all or nothing outcome
#Dequity earns returns above other debt providers by providing a longer term horizon and leaving control
with entrepreneur while getting protection with a secured position and monthly cash payments
6
6
Financials
Strong Returns
8
$11.25M
Invested
11
Investments
$8.8M
Collected
Monthly and
Buyouts
$11.7M
To Be
Collected
Monthly and
Buyouts
As at June 1, 2018
• >25% Gross IRR per annum since inception
(August, 2015)
• ~$1M gain on recent exit
• 11 deals — successfully exited from 4
• 9 in British Columbia, 2 in Ontario
• $11.25M invested
• $8.8M collected in payments over 2.5 years
• $11.7M to be collected in payments over
next 5 years
• ~$4.5M in available cash to invest
$(250,000)
$(200,000)
$(150,000)
$(100,000)
$(50,000)
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
Q1
2016
Q2
2016
Q3
2016
Q4
2016
Q1
2017
Q2
2017
Q3
2017
Q4
2017
Q1
2018
Recent Financial Results –Q1 2018
9
• Record revenue of $360,179, up 72% over prior year
• Assets under management grew over 92% compared with the
prior year
• A significant increase in net income to $83,106 compared with a
net loss of ($133,108) in the same period last year
• Adjusted EBITDA** of $71,607 compared with an Adjusted
EBITDA of $4,138 for the prior year period
• Breakeven on a per share basis compared with a $0.01 loss per
share in the prior year
Net Income
Adjusted EBITDA
** See disclaimer page for description
$(40,000)
$(20,000)
$-
$20,000
$40,000
$60,000
$80,000
$100,000
Q1
2016
Q2
2016
Q3
2016
Q4
2016
Q1
2017
Q2
2017
Q3
2017
Q4
2017
Q1
2018
$-
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018
Revenue Growth Quarters with gains
Experienced Management Team
Mike Walkinshaw
Chief Executive Officer
Greg Smith
Chief Investment Officer
Darren Seed
VP – Capital Markets
Andrew Abouchar
Chief Credit Officer
Stephanie Andrew
VP – Finance
• Mike joined the company
as the CEO in August
2015
• Co-Founder and
Managing Partner of
Fronterra Capital
• Managing Partner, CFO
at Chrysalix Energy
• Greg joined TIMIA as the
CIO in September 2015
• Co-Founder and
Managing Partner of
Espresso Capital
• Business Development
Bank of Canada’s
(“BDC”) Technology
Seed Investment Group
• 20-plus years of experience in
Canada’s venture capital and
private equity industry
• Cofounder and partner in Tech
Capital Partners Inc.
• Founder of TCP Property Inc.
• Accountant at PwC
• Investment manager at
Working Ventures
• Advisor to the Government of
Canada and Province of
Ontario
• Board of Ontario Centres of
Excellence
• Over 20 years of capital markets
experience across various
exchanges and industries
• Darren joined TIMIA as the Vice
President, Capital Markets &
Communications (VPCMC) in
January 2018
• VPCMC of Avigilon Corporation
• President of Incite Capital
Markets Inc
• Raised in excess of $750 million
for previous companies
• VP Finance, Espresso Capital
• Founding Partner of the
Women’s Equity Lab (WEL)
• Executive Director of the Capital
Investment Network (CIN
• MSc in Molecular Biology and
Medical Genetics
• MBA at the Schulich School of
Business
• CFA charter holder
10
Experienced Board
11
Thealzel Lee
Director
James Pratt
Director
• Vancouver Angel Technology Network
(VANTEC)
• Vancouver chapter of the Keiretsu
Forum
• National Angel Capital Organization
(Canada) and the Angel Capital
Association (U.S.)
• Founder of two angel seed funds: Nelsa
Investment (VCC) Inc. and VANTEC
Entrepreneurs Fund (VCC) Inc.
• Co-Owner of Prosnack Natural Foods,
which makes Elevate Me energy bars
and other healthy lifestyle food
products
• CEO, Sepp’s Gourmet Foods
• Active angel investor
• Director of the Food Innovation Centre
of BC
• Chairman of the Functional Foods
Alberta Centre of Excellence
• David Demers was the CEO and
Co-Founder of Westport Fuel
Systems (TSX:WPT) for over 20
years
• Extensive TSX and board
experience
• Strong knowledge of the
technology sector
David Demers
Director
Howard Atkinson
Director
• Howard Atkinson has over 30
years of investment management
experience
• Published four books on Exchange
Traded Funds
• Former President of Horizons
ETFs Management (Canada)
• Member of the S&P/TSX Canada
Index Advisory Panel
Mike Volker
Chairman
• Mike is a Co-Founder of TIMIA (formally
GreenAngel Energy)
• For over 30 years, Mike has been active
in the development of new high
technology ventures
• Director of Simon Fraser University’s
Innovation Office
• Vancouver Angel Network
• New Ventures BC business plan
competition
Portfolio
Portfolio By Year of Investment
Plus a strong pipeline of deals ready to fund 13
2015
2016
2017
2018 YTD
Revenue Growth = Key Indicator of Security
• Portfolio companies have experienced > 100% revenue growth (14 months)
• > 70% gross margin
• Impeccable payment record for portfolio companies
100% Growth
Monthlyrevenue
14
Portfolio by Target Market
10%
67%
6%
17%
SaaS Large SaaS SMB Tech Enabled Service SaaS Govtech
15
Portfolio Composition by Company Revenue
28%
29%
33%
10%
< $2M $2M to $3M $3M to $5M > $5M 16
FEE TO TIMIA
Sourcing Capital : Driving Shareholder Value
PORTFOLIO
INVESTMENTS
HIGH NET WORTH
& INSTITUTIONAL
INVESTORS
17
CO-INVESTMENT
MODEL
• Capital sourced from:
• On-balance sheet
• Institutional / HNW through managed
vehicles
• Significant increase in institutional
interest in Private Credit
• TIMIA’s gross returns are attractive
• TIMIA earns returns
• From investments on its own
balance sheet
• Share of Institutional returns
• Accretive to TIMIA shareholders via
retention of share of returns retained
Capital Structure
• Shares outstanding
– ~34.5 MILLION TOTAL OUTSTANDING
– ~49 MILLION FULLY DILUTED
• Market capitalization ~$6 million
• Warrants outstanding -10,603,614 with weighted average @ $0.18. Weighted
average remaining contractual life of 2.74 years
• Options outstanding - 3,535,000 with weighted average @ $0.09. Weighted
average remaining contractual life of 2.96 years
• $2,051,000 convertible debentures @$0.14 convertible into 14,650,000 common
shares. Mature on November 30, 2020
• Insider ownership ~40%
18
Investment Highlights
19
Delivering Great Returns
• TIMIA is a fin-tech driven specialty lending
platform
• Focused on small to medium size private
software companies
• Experienced tech VC management team
• Loans have security protection on downside
and equity participation on upside
• 11 loan investments since 2015 inception, 4
successful early exits, >25% portfolio IRR
• Strong portfolio, zero bad debt
• Continued revenue growth year over year
• 2 of last 3 quarters had positive net income
Creating Global Platform
• Proprietary Financial Technology (Fintech)
platform lowers risk and makes smaller loans
more economic
• Innovative capital structure both accesses low
cost capital while improving shareholder return
• Expansion of Private Debt Market providing
significant tailwinds.
• Geographic expansion underway to broaden
pipeline and expand markets.
TIMIA Capital
FRICTIONLESS FINANCE FOR GROWING SOFTWARE COMPANIES
TSXV TCA

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TIMIA Capital Corporate Presentation

  • 1. TIMIA Capital Presentation TECHNOLOGY-ENABLED LENDING FOR GROWING SOFTWARE COMPANIES TSXV TCA
  • 2. Disclaimer Not an Offer to Purchase or Sell Securities This overview is for informational purposes and is not an offer to sell or a solicitation of an offer to buy any securities in TIMIA Capital Corp. (the “Company”), and may not be relied upon in connection with the purchase or sale of any security. Forward-Looking Statements and General Disclaimer This presentation is Copyright 2017 TIMIA Capital Corp., which reserves all rights in and to this presentation. TIMIA Capital Corp. (the “Company”) is a public company listed on the TSX Venture Exchange (TSX-V: TCA), with a principal office in Vancouver, British Columbia, Canada. The statements contained in this presentation which are historical in nature are accurate to the best of our knowledge. However, the Company makes no assurances and does not guarantee that the statements included herein are accurate. Forward-Looking Statements (Safe Harbor Statement) The information set forth in this presentation may contain “forward-looking statements” that are not historical fact and are subject to certain risks and uncertainties. Statements in this presentation which are not purely historical in nature, including statements regarding beliefs, plans, expectations or intentions regarding the future, are forward-looking. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as “estimate,” “anticipate,” “believe,” “plan”, “intend”, “expect”, “may” or “should” or similar statements, are forward-looking statements. Forward-looking statements which may be contained within this presentation include, but are not limited to, statements regarding the economic prospects of the Company’s investments, general economic conditions, the Company’s future plans or future revenues, timing of potential expansion or improvements. Such forward-looking statements are subject to risks Presentation, the Company has made no filings with the Securities Exchange Commission and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund investment, changes in general economic conditions or financial markets, changes in interest rates, litigation, legislative, judicial, regulatory, political and competitive developments in Canada and world-wide, technological and operational difficulties and changing foreign exchange rates. There can be no assurance that the Company’s efforts will succeed and ultimately achieve sustained commercial success. These forward- looking statements are made as of the date of this presentation. There can be no assurance that beliefs, plans, expectations or intentions of the Company will prove to be accurate. **Non-GAAP Measures and Other Financial Measures In managing our business and assessing our financial performance, we supplement the information provided by the financial statements presented in accordance with GAAP with metrics and non-GAAP financial measures which are utilized by our management to evaluate our performance. Although we believe these measures are widely used in the specialty finance industry, some may not be defined by us in precisely the same way as by other companies in the specialty finance industry, so there may not be reliable ways to compare us to other companies. Adjusted EBITDA represents net loss and comprehensive loss from continuing operations (the most directly comparable GAAP measure) excluding amounts for: income tax expense; interest expense; depreciation and amortization; equity- based compensation; and all other non-cash expenses. We believe Adjusted EBITDA is a helpful measure because it allows us to evaluate our performance by removing from our operating results items that do not relate to our core operating performance. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered in isolation or as a substitute for net loss and comprehensive loss from continuing operations, the most directly comparable GAAP financial measure. Adjusted EBITDA is not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies unless the definition is the same. Cautionary Note to U.S. Investors As of the date of this n (“SEC”), and makes no representations that it has or will have a duty to make filings with the SEC. The Company is not authorized to offer any securities to residents of the United States of America. 2
  • 3. Investment Highlights 3 Delivering Great Returns • TIMIA is a fin-tech driven specialty lending platform • Focused on small to medium size private software companies • Experienced tech VC management team • Loans have security protection on downside and equity participation on upside • 11 loan investments since 2015 inception, 4 successful early exits, >25% portfolio IRR • Strong portfolio, zero bad debt • Continued revenue growth year over year • 2 of last 3 quarters had positive net income Creating Global Platform • Proprietary Financial Technology (Fintech) platform lowers risk and makes smaller loans more economic • Innovative capital structure both accesses low cost capital while improving shareholder return • Expansion of Private Debt Market providing significant tailwinds. • Geographic expansion underway to broaden pipeline and expand markets.
  • 4. TIMIA is Pioneering an Underserved Sector TRADITIONAL BANKS, PRIVATE EQUITY VENTURE CAPITAL STRUGGLING ANGEL INVESTORS / EQUITY 100 10 1 Revenue($M) 0 20 100Annual Revenue Growth (%) Financing Landscape for Software Companies 4
  • 5. Why focus on Software Companies Huge Growing MarketStrong Security Quantitative Risk Management Program • Recurring Revenue • Strong Revenue Growth • High Gross Margins 70%+ • Spending only on growth • “Survivability” Active M&A Market Enhances Return $0.00M $2.00B $4.00B $6.00B $8.00B $10.00B $12.00B $14.00B 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 YTD $0 $2 $4 $6 $8 $10 $12 $14 $16 2015 2016 2017 Canada United StatesBillions Total Potential Loan Book • North America • Software Companies • $1M to $10M Revenue • $14 Billion • 7,075 Companies • 25% YoY Growth • Metrics for software companies are standardized • Efficient due diligence • Efficient monthly monitoring • Cherry-pick the best opportunities • Fintech tools allow for cost-effective underwriting • Transparency to Investors 5 Source: Pitchbook.com Source: Pitchbook.com Value of M&A Transactions
  • 6. Competitive Positioning VS. Other Debt Providers • Limited availability for software companies with less than $10M in revenue • Working capital covenants • Penalties for deferred revenue • Cash sweeps • Personal guarantee requirements VS. Equity Providers • Higher cost than our solution • Loss of control / dilution • Time consuming to close equity round • Preferred share provisions • Restrictions on exit horizon • Driving for an all or nothing outcome #Dequity earns returns above other debt providers by providing a longer term horizon and leaving control with entrepreneur while getting protection with a secured position and monthly cash payments 6 6
  • 8. Strong Returns 8 $11.25M Invested 11 Investments $8.8M Collected Monthly and Buyouts $11.7M To Be Collected Monthly and Buyouts As at June 1, 2018 • >25% Gross IRR per annum since inception (August, 2015) • ~$1M gain on recent exit • 11 deals — successfully exited from 4 • 9 in British Columbia, 2 in Ontario • $11.25M invested • $8.8M collected in payments over 2.5 years • $11.7M to be collected in payments over next 5 years • ~$4.5M in available cash to invest
  • 9. $(250,000) $(200,000) $(150,000) $(100,000) $(50,000) $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Recent Financial Results –Q1 2018 9 • Record revenue of $360,179, up 72% over prior year • Assets under management grew over 92% compared with the prior year • A significant increase in net income to $83,106 compared with a net loss of ($133,108) in the same period last year • Adjusted EBITDA** of $71,607 compared with an Adjusted EBITDA of $4,138 for the prior year period • Breakeven on a per share basis compared with a $0.01 loss per share in the prior year Net Income Adjusted EBITDA ** See disclaimer page for description $(40,000) $(20,000) $- $20,000 $40,000 $60,000 $80,000 $100,000 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Revenue Growth Quarters with gains
  • 10. Experienced Management Team Mike Walkinshaw Chief Executive Officer Greg Smith Chief Investment Officer Darren Seed VP – Capital Markets Andrew Abouchar Chief Credit Officer Stephanie Andrew VP – Finance • Mike joined the company as the CEO in August 2015 • Co-Founder and Managing Partner of Fronterra Capital • Managing Partner, CFO at Chrysalix Energy • Greg joined TIMIA as the CIO in September 2015 • Co-Founder and Managing Partner of Espresso Capital • Business Development Bank of Canada’s (“BDC”) Technology Seed Investment Group • 20-plus years of experience in Canada’s venture capital and private equity industry • Cofounder and partner in Tech Capital Partners Inc. • Founder of TCP Property Inc. • Accountant at PwC • Investment manager at Working Ventures • Advisor to the Government of Canada and Province of Ontario • Board of Ontario Centres of Excellence • Over 20 years of capital markets experience across various exchanges and industries • Darren joined TIMIA as the Vice President, Capital Markets & Communications (VPCMC) in January 2018 • VPCMC of Avigilon Corporation • President of Incite Capital Markets Inc • Raised in excess of $750 million for previous companies • VP Finance, Espresso Capital • Founding Partner of the Women’s Equity Lab (WEL) • Executive Director of the Capital Investment Network (CIN • MSc in Molecular Biology and Medical Genetics • MBA at the Schulich School of Business • CFA charter holder 10
  • 11. Experienced Board 11 Thealzel Lee Director James Pratt Director • Vancouver Angel Technology Network (VANTEC) • Vancouver chapter of the Keiretsu Forum • National Angel Capital Organization (Canada) and the Angel Capital Association (U.S.) • Founder of two angel seed funds: Nelsa Investment (VCC) Inc. and VANTEC Entrepreneurs Fund (VCC) Inc. • Co-Owner of Prosnack Natural Foods, which makes Elevate Me energy bars and other healthy lifestyle food products • CEO, Sepp’s Gourmet Foods • Active angel investor • Director of the Food Innovation Centre of BC • Chairman of the Functional Foods Alberta Centre of Excellence • David Demers was the CEO and Co-Founder of Westport Fuel Systems (TSX:WPT) for over 20 years • Extensive TSX and board experience • Strong knowledge of the technology sector David Demers Director Howard Atkinson Director • Howard Atkinson has over 30 years of investment management experience • Published four books on Exchange Traded Funds • Former President of Horizons ETFs Management (Canada) • Member of the S&P/TSX Canada Index Advisory Panel Mike Volker Chairman • Mike is a Co-Founder of TIMIA (formally GreenAngel Energy) • For over 30 years, Mike has been active in the development of new high technology ventures • Director of Simon Fraser University’s Innovation Office • Vancouver Angel Network • New Ventures BC business plan competition
  • 13. Portfolio By Year of Investment Plus a strong pipeline of deals ready to fund 13 2015 2016 2017 2018 YTD
  • 14. Revenue Growth = Key Indicator of Security • Portfolio companies have experienced > 100% revenue growth (14 months) • > 70% gross margin • Impeccable payment record for portfolio companies 100% Growth Monthlyrevenue 14
  • 15. Portfolio by Target Market 10% 67% 6% 17% SaaS Large SaaS SMB Tech Enabled Service SaaS Govtech 15
  • 16. Portfolio Composition by Company Revenue 28% 29% 33% 10% < $2M $2M to $3M $3M to $5M > $5M 16
  • 17. FEE TO TIMIA Sourcing Capital : Driving Shareholder Value PORTFOLIO INVESTMENTS HIGH NET WORTH & INSTITUTIONAL INVESTORS 17 CO-INVESTMENT MODEL • Capital sourced from: • On-balance sheet • Institutional / HNW through managed vehicles • Significant increase in institutional interest in Private Credit • TIMIA’s gross returns are attractive • TIMIA earns returns • From investments on its own balance sheet • Share of Institutional returns • Accretive to TIMIA shareholders via retention of share of returns retained
  • 18. Capital Structure • Shares outstanding – ~34.5 MILLION TOTAL OUTSTANDING – ~49 MILLION FULLY DILUTED • Market capitalization ~$6 million • Warrants outstanding -10,603,614 with weighted average @ $0.18. Weighted average remaining contractual life of 2.74 years • Options outstanding - 3,535,000 with weighted average @ $0.09. Weighted average remaining contractual life of 2.96 years • $2,051,000 convertible debentures @$0.14 convertible into 14,650,000 common shares. Mature on November 30, 2020 • Insider ownership ~40% 18
  • 19. Investment Highlights 19 Delivering Great Returns • TIMIA is a fin-tech driven specialty lending platform • Focused on small to medium size private software companies • Experienced tech VC management team • Loans have security protection on downside and equity participation on upside • 11 loan investments since 2015 inception, 4 successful early exits, >25% portfolio IRR • Strong portfolio, zero bad debt • Continued revenue growth year over year • 2 of last 3 quarters had positive net income Creating Global Platform • Proprietary Financial Technology (Fintech) platform lowers risk and makes smaller loans more economic • Innovative capital structure both accesses low cost capital while improving shareholder return • Expansion of Private Debt Market providing significant tailwinds. • Geographic expansion underway to broaden pipeline and expand markets.
  • 20. TIMIA Capital FRICTIONLESS FINANCE FOR GROWING SOFTWARE COMPANIES TSXV TCA