Pathfinder Ventures Inc · TSXV:RV
Pathfinder Ventures — Investor Presentation (August 2022)
24 slides from Pathfinder Ventures's investor presentation, August 2022
Slide 1: RV Resorts | RV Communities | RV & Self Storage
Q3-2022 RV RESORTS | RV COMMUNITIES | RV & SELF STORAGE TSX.V: RV | OTCQB: RVRVF
Slide 2: Forward-Looking Information
The contents of this presentation and any attachments are confidential and are intended solely for the addressee. The information may also be legally privileged. This transmission is sent in trust, for the sole purpose of delivery to the intended recipient. If you have received this transmission in
Slide 3: Explore. Stay. Store.
EXPLORE. STAY. STORE. The outdoor recreation industry has changed... Significantly. Pathfinder Ventures Inc. is building a network of branded family-oriented RV Resorts, RV communities and storage solutions. Pathfinder is staged to capitalize on the new demands and growth of the recreational vehicle
Slide 4: Consolidation: Target Properties, Fragmented Industry, Project Completion
CONSOLIDATION: TARGET PROPERTIES FRAGMENTED INDUSTRY PROJECT COMPLETION Private RV parks and campgrounds: Outdated Properties Extensive Site Development • Legacy infrastructure and facilities 3,500 • West-coast themed playgrounds • Aesthetic improvement potential in Canada and pools • Amenities requ
Slide 5: Our Investment Thesis
RV & CAMPING RV RV INDUSTRY COMMUNITIES STORAGE • $2.3 billion market in Canada • Soaring home prices and • $14 billion backlog of RV sales • $7.1 billion market in U.S.A. supply shortage with Thor Industries • Highly fragmented market • Low vacancy driving up • Population growth with lacking digita
Slide 6: The Pathfinder Brand
THE PATHFINDER BRAND AFFORDABLE RESORT-STYLE OUTDOOR HOLIDAY CLOSE TO POPULOUS RESIDENTIAL HUBS # OF AMENITIES & PROGRAMS HOTELS Peak Season Daily Rate: $200 - $400 Peak Season Daily Rate: $65 - $70 PROVINCIAL PARKS BC FORESTY Peak Season Daily Rate: CAMP SITE $20 - $40 Peak Season Daily Rate: $0 -
Slide 7: RV Shipments 1980-2021 and RV Market Statistics
RV SHIPMENTS 1980-2021 600,000 550,000 500,000 450,000 400,000 350,000 300,000 250,000 CANADIAN MARKET HIGHLIGHTS 200,000 150,000 $2.3 billion RV/Camping Industry in Canada 100,000 2.1 million Canadians own an RV (2019) 50,000 90% RV parks report increasing demand 0 8 million RV trips made annually
Slide 8: Total Consumer Spending: Where Campers Spend
TOTAL CONSUMER SPENDING 24% ACCOMMODATION CAMPSITE FEES 26% FOOD & BEVERAGE 13% RECREATION & ENTERTAINMENT 37% RV EQUIPMENT & STORAGE WHERE CAMPERS SPEND • *stats from RVDA Canada & 2018 North American Camping Report
Slide 9: Interest Rates vs. Real Estate
INTEREST RATES VS. REAL ESTATE Real estate is an Market Volatility Fixed interest rate Real Estate essential service, favors real estate. debt is inflated away is a hedge property cannot Real estate is a safe as property against inflation be replaced haven for investors values increase REITS OUTPERF
Slide 10: Operating Assets
OPERATING ASSETS ACQUIRED OCTOBER 2020 ACQUIRED OPERATING CO. DECEMBER 2020 ACQUIRED DECEMBER 2020 Location: Agassiz-Harrison Location: Fort Langley Location: Parksville South B.C. South B.C. Vancouver Island Land Type: Freehold Land Land Type: Registered Land Lease Land Type: Freehold Land Projecte
Slide 11: Upcoming Consolidation & Development: British Columbia
UPCOMING CONSOLIDATION & DEVELOPMENT BRITISH COLUMBIA 3 RV Resorts in Operation 1 RV Resorts Expansion 3 2022/23 PATHFINDER FORT CAMPING: LANGLEY Target Acquisitions PATHFINDER CAMP RESORTS: PATHFINDER CAMP RESORTS: AGASSIZ PARKSVILLE (EXPANDING) TARGET ACQUISITIONS: TARGET ACQUISITION: SOUTHERN BC
Slide 12: Market Acquisitions
WESTERN CANADA Western Canada has everything an outdoor enthusiast could ask for: scenic trails, iconic nature, hot summers, swimming at the beach, boating, golfing, vineyards – and more. PACIFIC NORTH WEST MARKET ACQUISITIONS RV RESORT TARGET The Pacific Coast is a camper’s paradise with oceans, mo
Slide 13: Continued Value Growth Through Acquisitions
CONTINUED VALUE GROWTH THROUGH ACQUISITIONS Accretive Acquisition Strategy: planning acquisition in FY22, followed by 2 closings p.a. starting FY23. 1 3 Estimated Number of Communities Revenue (in 10 ACTIVE Projects ACTIVE DEAL BY $millions) PURSUITS Camp Resorts PROPERTY TYPE Storage Tracking 9 $9.
Slide 14: Organic Growth Through Asset Optimization
ORGANIC GROWTH THROUGH ASSET OPTIMIZATION Camp Resorts seeing strong growth in customer demands since the opening in FY21. Organic growth to continue into H2 FY22 and beyond through increased occupancy, expanded offerings and rate increases. FY22 OCCUPANCY REVENUE NOI excl. CORPORATE EBITDA incl. CO
Slide 15: Pro Forma Property Operating Model
PRO FORMA PROPERTY OPERATING MODEL CAMP RESORTS COMMUNITIES STORAGE A niche hospitality brand developing Affordable long-term / seasonal stay solution providing Storage solution providing and rolling up owned/branded campsites steady cash flow high margin cash flow REVENUE: REVENUE: REVENUE: $1m-$1.
Slide 16: Transformative Debt Strategy
TRANSFORMATIVE DEBT STRATEGY FINANCING Each property targeting 50-60% Loan to Value STRATEGY Refinancing will focus on reducing interest rates to decrease annual debt servicing costs Continued relationship building with institutional lenders POTENTIAL TOTAL DEBT HIGHLIGHTS ($ in MILLIONS) ACQUISITIO
Slide 17: Ownership
Insider Ownership Share Outstanding SHARE PRICE (AUGUST/17/2022) $0.085 Market Cap ~$4.75M Common Stock 55,926,803 Warrants 2,317,018 19% Options 3,770,406 Total Fully Diluted 62,014,227 Avg. Exercise Price of Warrants $0.22-0.33 81% Convertible Debentures Convertible Founders Note $500,000 Conversi
Slide 18: Market Snapshot / Capitalization
MARKET SNAPSHOT / CAPITALIZATION MARKET CAPITALIZATION 200 DAY COMMON SHARES [ August 17, 2022] MOVING AVERAGE OUTSTANDING $4,753,779 $0.135 55,926,803 TSX.V: RV | OTCQB: RVRVF 018
Slide 19: Compelling Value Opportunity
COMPELLING VALUE OPPORTUNITY TSX: MHC.UN 12.5x NYSE: ELS 12.2x NYSE: SUI 10.9x TSX.V:RV 5.6x SHARE INFORMATION AS OF Q1, 2022 Pathfinder TEV/1Q22 LTM Sales 20
Slide 20: Onward & Upward
2019/2020 2021 2022 2023 • Company Founded • Major Renovations • Continue Asset Stabilization • Agassiz-Harrison Site Expansion • Team Positioned • Open 2 new RV Resorts • Key Management Additions • Continue to add Pathfinder RV • Secured Financing • Launch Pathfinder Camp • USA Stock Listing Resort
Slide 21: Philosophy
With over 100 years of relevant experience in business, investing, real estate development and PHILOSOPHY hospitality, our team is set to carefully grow our portfolio into a network of family-friendly RV resorts and campgrounds in desirable locations. Our main priority is providing customers with an
Slide 22: Management
Joe Bleackley Stan Duckworth Jennifer lee CEO / Founder / Director Chief Operating Officer CFO An entrepreneur and business leader who has Stan's an accomplished leader with 20+ years After graduating from Schulich School of built and led successful teams through of consulting and Sr. management Bus
Slide 23: Advisory Board
Chris Clarke Jayson Faulkner Samantha Abelson GM / Traveland RV Group President / Bridal Falls Gondola Director / MNC Capital Chris graduated from BCIT in Operations Jayson was Co-Founder, General Partner and General Samantha leads global business development Management and currently serves as the G
Slide 24: TSX.V: RV | OTCQB: RVRVF
9 4 51 GL O VE R RD . , L AN GL E Y B C | 6 0 4 - 9 1 4 - 2575 | PATH FI N D E RV E N TURE S . CA TSX.V: RV | OTCQB: RVRVF
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