EFTA01378187.pdf

SRLI2102 Alpha Group Capital Polycom: Results Post-Close 2016 Close Acquisition cross Unrealized Returns Compensation Plans Implemented (Soon) Total Gross MOIC Strategy & Business Development Fund + Co-Invest 1.9x • Began implementing new "Ecosystem Fund only:1.9x Focused" strategy to grow with evolving Unified Communications market 2.0x • $385 $1,251 • Executed Microsoft partnership agreement providing for $31 million of engineering $169 support and deeper Go-to-Market $866 $216 $559 Cost Savings/ EBITDA - Capex Growth • 2016 PF EBITDA - Capex of $183 mm up from 1.0x $390 $161mm in 2015A • Achieved $70 mm of run-rate cost savings in first 4 months of ownership versus target of G R $692 $90 mm over two years O Sep-2016 $476 ell. 2017 Repriced Debt S S Acquisition • Repriced ld hen debt resulting in 125bps or 0.0s $11 million savings per year Realized Unrealized Total M O ($359) Value Value Value Cost Savings/ EBITDA - Capex Growth • 2017 PF EBITDA - Capex of $204 mm I C • Achieved $15 mm of run-rate cost savings, ($300) and identified incremental $30mm of savings for execution in 2018 (1.0x) ($659) •• Co-Investor Share it 2 Sold • Fund Share Nota ')Cavan informationprovided NavinIn downbod below) relating toot bad m pan on the perfonnanna of • Plantronics acquired Polycom in a Polycomn pro fontu mforenahon bond on the terms of the sale of the company to Plentromer. Inc. (WISE: PLT). combination of cash and stock for $2 bn, or Pobrom entered Ito • sale wanner.. with Plantronab Inc. the closed on July 2 2018. pursuant to 'sloth the agreed upon transaction COIVIdetabOrICOM1411% of apprommately 11.64 babe N cash and O.352 millionshamsof Pientronsca 8.9x 2017 EBITDA of $225 mm commonstock The sate agreement providor for See masonoft he rash consideration smitten millioninvalue dike Platen.,common stock tole held in avow. Foe purreen arandating the inbred ad unrealised return as of ruin V. 20lb all of to cash conitderenm. Mochas cash held m escrow lint of a valuation dncoura), dcombed above is treated a nhdadad and dinnbuted, end the ant earaideration des-reed above is ward a unmelmod. Fraossod awounts an not expxted to be releand in full end actual mums to SunIll and commttton could be lusthor or tomr than as de.wn horeuv Ike alUal Nalaed MUtil d such unrealmni inwalmerd• may differ materially hamlb> MUIm indicated heroin Roan • Sims see "Aprendix - Footnotes' foe addu tonal coraideretoons end deftnitions Pet performance is not netnitasily indicative of future results. 24 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0075348 CONFIDENTIAL SDNY_GM_00221532 EFTA01378187