Tiny Ltd. Class A · TSX:TINY
Tiny Ltd. Class A — Q2 2023 Earnings Presentation
15 slides from Tiny Ltd. Class A's earnings presentation, August 2023
Slide 1: Tiny Ltd. Q2 Investor Presentation
Tiny Ltd. Q2 Investor Presentation August 2023
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation is being given by Tiny Ltd. (the “Company”) for information purposes only. Reliance on this presentation for the purpose of engaging in any investment activity may expose a person to significant risk of losing all of the money, property or other assets invested. Th
Slide 3: Tiny Founding Story
Tiny Founding Story
Slide 4: Founding MetaLab
Founding MetaLab • In 2006, Andrew Wilkinson founded MetaLab, a mobile app design and development agency. Highly profitable from day one with many Fortune 100 clients. • Never raised any capital, bootstrapped with $0. • Chris Sparling joined as CFO in 2009. Began incubating startup businesses using
Slide 5: Founding Tiny
Founding Tiny • In 2016, Andrew and Chris started Tiny in the model of Berkshire Hathaway. • Using Mr. Buffett’s approach, Tiny has a small head office with two key functions: capital allocation and management selection / incentivization. We do not synergize costs or opportunities across our portfol
Slide 6: Tiny Business Overview
Tiny Business Overview
Slide 7: Tiny
Founded: 2016 FY21 Revenue: FY21 Adj. EBITDA: $110.8M $38.1M FY22 Revenue: FY22 Adj. EBITDA: $153.7M $36.8M Tiny 30+ Investments A Leading Technology Holding Company 2 Notes: Figures based on available audited consolidated financial statements and Management’s Discussion & Analysis for the 2 years e
Slide 8: Tiny Fund I and Operating Businesses structure
20% Ownership, 30% 100% Ownership Carried Interest Tiny Fund I (US$150M) Operating Businesses US$53 million left to deploy Digital Services Creative Platform SaaS Shopify Themes Standalone 8
Slide 9: Capital Allocation Overview
Capital Allocation Overview Balanced Capital Allocation to Support Growth and Returns Free Cash Flow Deployment Priorities 1. Organic Growth Investment 1. Fully Deploy Tiny Fund I 2. Acquisitions 2. Acquire Companies directly for Tiny 3. Stock Repurchases 4. Dividends 9
Slide 10: Tiny's Investment Approach
Tiny's Investment Approach Dream Businesses Distressed / Special Situations Mismanaged Gems Compounding with a moat Turnarounds or Cigar Butts Operational Excellence Every once in a while, we are lucky enough Simple businesses with weak / at-risk We often acquire companies which are to buy a truly e
Slide 11: Tiny's Investment Approach | Case Studies
Tiny's Investment Approach | Case Studies Dream Businesses Distressed / Special Situations Mismanaged Gems Compounding with a moat Turnarounds or Cigar Butts Operational Excellence • Acquired Dribbble in 2017 • Acquired Abstract in 2021 • Acquired Stamped in 2021 • Hired best in class executive team
Slide 12: Why People Sell to Tiny?
Why People Sell to Tiny? Venture Capital Private Equity Tiny Huge valuation Full or partial cash out Full or partial cash out 3–6 month process 3–6 month process Deal size ranging from $1M-$300M Founders committed to 5+ years Founders locked in with earnout 30-day process Terms could make your equit
Slide 13: Leadership Team
Leadership Team Andrew Wilkinson | Co-Founder & Co-CEO Andrew is the public face of Tiny, driving the majority of our deal flow via his writing, podcast, and social media presence. He is focused on identifying future areas of growth and opportunity, both within the existing portfolio and future acqu
Slide 14: Financial Profile
Financial Profile Consolidated Q2 2023 Q2 2022 Revenue by Segment Q2 2023 Digital Services $20.3M Revenue $47.5M $40.4M E-Commerce $10.8M Platform Adj. EBITDA $6.4M $8.9M Creative Platform $14.9M Adj. EBITDA % 14% 22% Other $1.4M Notes: Figures based on WeCommerce Holdings Ltd.’s and Tiny Capital Lt
Slide 15: Capital Structure
Capital Structure Common Shares 177,314,154 Officers and Directors ownership* 80% Total Debt Q2-2023 $112,302,895 *Beneficial ownership of common shares by officers and directors. Notes: Ownership based on Management Information Circular filed on May 12, 2023 as of Record Date May 9, 2023. Total Deb