Solium Investor Overview

Information about Solium Investor Overview

Published on November 19, 2009

Author: aSGuest31742

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Solium Investor OverviewSeptember 30, 2009 : Solium Investor OverviewSeptember 30, 2009 DO NOT COPY OR DISTRIBUTE Forward Looking Information : SOLIUM CAPITAL – Investor Overview 2 Forward Looking Information This document may contain forward-looking statements and/or assumptions that involve known and/or unknown risks. Such statements and assumptions may include: the size and/or economics of the market; plans and intentions to increase market share, expand geographically and/or further develop product capabilities; the results of strategic initiatives; and the impact of competition. These forward-looking statements and assumptions are based on the expectations of Solium and involve known and unknown risks, uncertainties and other factors that may cause or influence the actual results, market performance, or achievements to differ from any future expected results, performance or achievements expressed or implied by such forward-looking statements. No representation can be, or is being, made by Solium that future performance and operational results will conform to any estimates and projections contained or implied in this document. Important factors that could cause or influence such differences include, but are not limited to: general business and economic conditions, the overall stock market performance, actions from competitors, the corporate governance environment and regulatory reporting requirements for Solium’s clients, product capability and acceptance, the Company’s ability to generate sufficient cash flow from operations to meet its current and future obligations, and the Company’s ability to access external sources of financing if required. In making an investment decision, prospective investors must make their own determinations as to the reliability of these projections, assumptions and forward-looking statements. Solium undertakes no obligation to update any forward-looking statement, assumptions, or the other information herein in order to reflect events or circumstances that may arise after the date of this document. The information in this document is not to be copied, printed or distributed without the prior written approval of Solium. Solium Capital - Corporate Data Snapshot : SOLIUM CAPITAL – Investor Overview 3 Solium Capital - Corporate Data Snapshot Founded: November 1999 IPO: May 2001 Stock Symbol: SUM (TSX) 2008 Revenue: $17.0 million 5-year CAGR to Dec 31, 2008: 54% Employees: 127 Share Capital: Basic: 31.1 million* Diluted: 33.7 million* Management & Directors: 15.7 million* Operations: Calgary, Toronto, Montreal and Southfield (near Detroit) * As at September 30, 2009 Slide 4: SOLIUM CAPITAL – Investor Overview 4 Execution Strategy Leverage technology to accelerate our position as a global technology innovator Nurture a culture of exemplary and industry leading client service Develop our people to be the industry’s knowledge experts and internal leaders Take a measured approach to global expansion and seek opportunities to acquire key assets that offer strategic leverage Slide 5: SOLIUM CAPITAL – Investor Overview 5 Organizational Structure Slide 6: SOLIUM CAPITAL – Investor Overview 6 Management Rudi Bester Executive Vice President, Sales & Marketing June Davenport Executive Vice President, Business Integration Stephanie Ceglia Vice President, Strategic Integration, US Kobe Davis Vice President, Technology Jeff English President & CEO Chris Groot Vice President & General Manager US Operations Jeannie Kezama Executive Vice President, Service Operations Lynn Leong Executive Vice President, Finance & Administration Marcos Lopez Executive Vice President, Corporate Strategy & Business Development Solium Capital Inc. Solium Capital LLC StockVantage Inc. Solium Equity Consulting Services Inc. Jim McBride Managing Principal Vince Alessi Vice President Don Drybrough Vice President, Corporate Solutions Chris Groot Vice President, Sales (1) Chairman of the Board Slide 7: SOLIUM CAPITAL – Investor Overview 7 Share Profile 12 month trailing 52 week high: $1.40 52 week low: $0.65 Shares Outstanding: 31, 162,279 (as at September 30, 2009) Stock Options: 2,246,800 (7.2% of Outstanding) Restricted Share Units: 490,644 (1.6% of Outstanding) Insider Ownership: 50.5% Slide 8: SOLIUM CAPITAL – Investor Overview 8 Core Product Offerings Provide web-based administration solutions to assist publicly traded companies with managing their corporate employee equity programs Specifically focused on: Grant based incentives – Stock Options Share Unit plans (Performance, Restricted and Deferred) Restricted Stock Awards Share Appreciation Rights (SARS) Tandem Share Appreciation Rights Stock Settled Share Appreciation Rights Share Savings Plans - Registered Share Purchase Plans (RRSP) Non-Registered Share Purchase Plans 423 Plans In addition to management tools for our corporate administrators, Solium provides brokerage execution services for plan participants through a network of brokerage relationships Product Capabilities : SOLIUM CAPITAL – Investor Overview 9 Product Capabilities Solium Shareworks™ Base platform Interfaces with other systems Scalable to handle the largest of clients Online access 24/7 Real time execution & settlement – handles market orders, limit orders, etc Unique login provides access to all equity compensation plans System generated messages and alerts for blackouts, new grants, etc Complete financial reporting Fair value calculations and automated stock option expensing Full support for stock options, share units, restricted stock awards, share appreciation rights and tandem SAR’s Complete history of grants and activity for employer and employees Comprehensive employee reports and tools Tracking of employer & employee contributions Vesting capabilities Complete range of registered and non-registered plans in Canada, and 423 plans in the US Automated rules plan administration Supports plans with single stock, mutual funds and GICs Grant Based Awards Module Share Purchase & Holdings Module Slide 10: SOLIUM CAPITAL – Investor Overview 10 (1) Canadian market numbers are based on Solium’s internal estimations (2) Source: National Center for Employee Ownership (NCEO) Revenue Model Components : SOLIUM CAPITAL – Investor Overview 11 Special Projects & Consulting Fees Channel License Fees Revenue Model Components Transaction AdministrationRevenue Recurring monthly fees, indefinite term Annualized based on participant levels Flexible, modular pricing structure Recurring monthly fees Annualized based on participant levels Flexible, modular pricing structure One time, ad hoc Fee for service for client driven customization and/or projects Solium transaction fees Brokerage administration & access fees Money movement fees Foreign currency margin Variable fees – Activity based Usually employee borne One time fees Function of plan complexity Implementation Fees Access Fees Revenue MixSix months ended September 30, 2009 : SOLIUM CAPITAL – Investor Overview 12 Revenue MixSix months ended September 30, 2009 Slide 13: SOLIUM CAPITAL – Investor Overview 13 Direct Client Growth Quarterly Slide 14: SOLIUM CAPITAL – Investor Overview 14 Direct Participant Growth Quarterly 228,178 223,237 -2% Slide 15: SOLIUM CAPITAL – Investor Overview 15 Access Revenue Growth Quarterly 5 Year CAGR 53% Slide 16: SOLIUM CAPITAL – Investor Overview 16 7 year CAGR 80% 5 year CAGR 54% Annual Financial Performance Slide 17: SOLIUM CAPITAL – Investor Overview 17 Consolidated EBITDA Quarterly Capital Structure : SOLIUM CAPITAL – Investor Overview 18 Capital Structure Common Shares 31.1 million issued and outstanding – full voting rights Options Approved pool of 4.6 million options 2.2 million options issued and outstanding as at September 30, 2009 Exercisable between $0.50 and $2.97 5 year expiry Vest 50% after two years, then 25% annually for the two years thereafter Restricted Share Units 0.5 million issued and outstanding as at September 30, 2009 Vest 50% after two years, and 50% after three years Delivery of common shares on vesting dates Owner Orientation : SOLIUM CAPITAL – Investor Overview 19 Owner Orientation A team that is well aligned with Shareholders A team that has an owner manager culture An executive team whose wealth creation opportunity is tied primarily to the return on their equity shareholdings, not their salary or the size of the company. * As at September 30, 2009 Insider Ownership : SOLIUM CAPITAL – Investor Overview 20 Insider Ownership For the most current data please visit the ‘Insider Summary’ page within the Investor Relations section of Solium’s website. * As at September 30, 2009

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