Page 84 - TACC 2023 Program

DUKE
ROYALTY

Non-Dilutive, Permanent Capital

Duke Royalty, the first UK quoted diversified royalty investment company, is dedicated to helping
business owners achieve their goals through a unique financing solution. Our innovative
approach offers non-dilutive, long-term capital to support partner companies in accelerating
growth and maximizing future value. Key examples of how Duke’s funding solution has been used
to drive growth and shareholder value include, backing MBOs/MBIs, buy-and-build strategies,
dividend recapitalizations, and refinancing of existing debt

Receive Capital, Retain Control: Variable Payment Structure:

Our capital empowers owners to focus on Distributions fluctuate with partnered
their long-term business goals without company revenues and our long-term
giving up control or diluting ownership investment horizon eliminates the
requirement of principal repayment

Aligned Objectives to Drive Success: Covenant-Light Capital:
Owners can continue to act in their Covenants are less restrictive and collateral
company's best interests without any packages are less intrusive than debt. We
pressure for an exit or short-sighted focus can subordinate to senior debt with no
on profit maximization personal guarantees

Highly Flexible with Buyback Options: New Channel of Financing:

Owners have a buy-out clause to repurchase Can be made available in situations where
royalty, enabling our partners to retain traditional forms of debt are difficult to
control over ultimate sale / transformation obtain

Our preferred investment size ranges between $5 to $30 million

Investment Criteria

• Stable revenues and EBITDA positive • Management desire to continue with the
• History of successful operations business

• Defined uses for the capital received • No debt or low levels of debt

Ajay Shivdasani Steven Russo

Contact: Mobile: +1 647 224 6444 Mobile: +1 416 806 1476

Email: [email protected] Email: [email protected]