EFTA01374919.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 i $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 1•L hen debt resulting in 125bps or 0.0x $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 (Mx) ($659) .. Co-Investor Share it 2 Sold • Fund Share Nose: l')C0fiaft informationprovided hannla darad below) relating toot had m part on the parfait/wan, of • Plantronics acquired Polycom in a Polycomn pro faun inforrnanon bad on tbie terms of the sack of the company to Plantromcs. lm. (WISE: PIS). combination of cash and stock for $2 bn, or Polyrom entered use • sale arenant with Planar. Inc. that cicwd on July 2 2018. pursuant to 'shah the •gread upon venation tOttirdetali0f1COMISK of appresrmatety 11.04 billiOn N cash and 0.352 million shams of Plentronsca 8.9x 2017 EBITDA of $225 mm commonnoel The sate agreement prouder kr520 mdlenn of t cash consideration and St DO millionenvalue of the Platonic.canton stock to be held in arose. Foe purpososoicandating the maned as univatund return as of lune V. :VI.% ell of th: cash corsideretat ircludrng cash held m escrow Met of a valuation dncoura), dcombed above is treated a nhdadaal and dinnbuted, and the sat consideration darted above it wad a unmaluird. Faaouvd amounts am not expactod to be rekand in full and actual mums to Sint ill and CO Ift% nuns could be higher' or Iota than Mown heri.m. the atua Nalaed Mutil d such unreahaed inwalmerd• may differ materially horntit> Mula trait tied herein Please • Sims see "Appendix-I oranges' foe addit rand remaking/asand &quotient. Pet performance is not nectarally indisetise a future results. 24 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0069867 CONFIDENTIAL SDNY_GM_00216051 EFTA01374919