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CONFIDENTIAL McCombs Enterprises Company Overview.

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Presentation on theme: "CONFIDENTIAL McCombs Enterprises Company Overview."— Presentation transcript:

1 CONFIDENTIAL McCombs Enterprises Company Overview

2 CONFIDENTIAL - DRAFT Introduction 2  Red McCombs is the founder of the Red McCombs Automotive Group, a co-founder of Clear Channel Communications, a former owner of the San Antonio Spurs, Denver Nuggets, and the Minnesota Vikings, and the namesake of the McCombs School of Business at the University of Texas at Austin  He is a long-standing member of Forbes magazine’s top 400 richest Americans and has owned nearly 400 businesses during his career  In addition to the automobile and sports businesses, McCombs is a successful developer of real estate, has built a successful oil and gas energy company, and is an astute private equity / venture capital investor McCombs Partners serves as the investment management division of McCombs Enterprises, the family office of Red McCombs

3 CONFIDENTIAL - DRAFT 3 Timeline of Red McCombs’ Career 1927 Red McCombs was born in Spur, TX 2010 Announced financial backing for bringing Formula One to Austin, TX 1950 Opened first Ford dealership in Corpus Christi, TX Mid-1960s Partnered with Bill Forney and entered into the Energy E&P business 1998 Forney & McCombs consolidated into McCombs Energy 2000 Pledged $50MM to the University of Texas for the newly named McCombs School of Business 1940s Attended Southwestern University, served in the Army, and attended business and law school at the University of Texas 1958 Moved to San Antonio and formed Red McCombs Automotive 1972 Co-founded, with the Lowry Mays family, a radio station that, in time, became Clear Channel Communications 1997 Red McCombs and Bart Koontz joined forces in 1997 to form Koontz McCombs 1998 Purchased Minnesota Vikings 1920s1930s1940s1950s1960s1970s1980s1990s 2000s2010s 1972 Purchased San Antonio Spurs (bought the team a second time in 1988) 1982 Purchased Denver Nuggets

4 CONFIDENTIAL - DRAFT 4 McCombs Enterprises Organizational Chart McCombs Enterprises Automotive / Retail McCombs Energy Real Estate McCombs Partners McCombs Foundation

5 CONFIDENTIAL - DRAFT 5 McCombs Automotive / Retail  His career began in 1950, and since then he has owned and represented almost every brand of vehicle ─ The operations have included retail dealerships as well as importation and distribution of Japanese and Korean vehicles  McCombs Automotive ranked 6th in the U.S. in sales in 1998, exceeding $1.7 billion in revenues, with more than 100 locations  In addition to serving two terms as Chairman of the Ford Dealer Council, and consistently ranking in the Top 100 Dealers in the United States, McCombs has also been inducted into the National Automobile Dealers Association Hall of Fame  Each of his auto dealerships has earned national recognition awards for sales and service excellence McCombs is recognized as one of the leading automobile dealers in the United States

6 CONFIDENTIAL - DRAFT 6 McCombs Energy  Red McCombs has been active in the oil industry for over 50 years, however, his significant commitment to the exploration and production areas of the industry began in the mid 1960's during his early business relationship with Bill Forney  Eventually, McCombs’ long-standing partnership with Mr. Forney evolved into Forney & McCombs, and on January 1, 1998, the separate oil and gas assets of Forney Oil and McCombs were consolidated into McCombs Energy  McCombs Energy engages in both onshore and offshore oil and gas exploration and production from New Mexico to Florida  The company actively reviews many exploration ideas and prospects generated by independent geologists and other companies, and also invests directly as a working interest owner with other companies that operate McCombs Energy is a privately owned oil and gas exploration and production company that is based in Houston, Texas

7 CONFIDENTIAL - DRAFT 7 McCombs Real Estate  McCombs has participated in over $1.5 billion of real estate transactions in the past 10 years  McCombs’ properties include apartment residences, condominiums, office buildings, resorts, and land development  McCombs’ real estate group also includes Koontz McCombs, a multi-faceted commercial real estate development, construction and brokerage firm established in 1997 and based in San Antonio, TX ─ Koontz McCombs currently has active projects in San Antonio, Austin and Houston and has been involved in the development, acquisition or construction of over 5,000,000 square feet of commercial property ─ These properties range from office, industrial/flex space multi-family projects and single tenant retail to build-to-suits for some of the nation’s leading businesses McCombs is a successful investor and developer of real estate

8 CONFIDENTIAL - DRAFT 8 McCombs Partners  The core focus of McCombs Partners is assisting emerging growth companies with mergers and acquisitions, raising capital, and providing restructuring services  Our portfolio includes leaders in everything from a super-premium, organic tequila to the Circuit of the Americas, which will be the first purpose-built Grand Prix facility in the United States  McCombs Partners is driven to succeed by following a simple investment and operating strategy 1) Invest in smart ideas, well-positioned opportunities and great people 2) Leverage our experience, expertise and relationships to develop partnerships and accelerate growth opportunities for our partner companies 3) Provide our partner companies with the required resources, both financial and strategic, to ensure success 4) Maximize the opportunities and challenges of each day through the words and actions of Red McCombs: “Expect to Win, Prepare to Win, Execute to Win” McCombs Partners provides investment capital and advisory services to investors in private technology, consumer and industrial businesses

9 CONFIDENTIAL - DRAFT 9 Financial Services Portfolio Companies Owner: Jim Blasius Location:Southfield, MI Description :Autovest is a specialty investment company acquiring distressed consumer finance and automotive loans. Operating throughout the United States, Autovest specializes in the collection of bankrupt, post-charge off and judgment accounts through an in-house collection platform which has outperformed that of its competitors for nearly 20 years. Founders: Roy and Bertrand Sosa Location:Austin, TX Description :The Company has built a global network designed specifically to innovate cutting-edge, end-to-end payment solutions that bring financial empowerment to underserved markets. Autovest, LLC Rêv Worldwide CEO: Jack Nelson Location:San Antonio, TX Description:Propel Financial Services, LLC is a specialty finance company founded in Propel’s primary focus is property tax refinancing for commercial and residential properties. Through partnerships, originations, and acquisitions, Propel has quickly become the market leader in property tax refinancing. Propel differentiates itself from other property tax finance companies by its competitive rates, flexible refinancing options, and efficient processes. CEO: Bob Wenschenk Location:Des Moines, IA Description :SmartyPig is an online banking platform that allows customers to open goal-based savings accounts. The Company has enjoyed tremendous growth having drawn in more than $350 million in U.S. deposits to date without any advertising expenditures. Beyond the United States, the company launched its international banking platform in Propel Financial Services, LLC SmartyPig

10 CONFIDENTIAL - DRAFT 10 Automotive Technology Portfolio Companies CEO: Stuart Lloyd Location:Plano, TX Description :ClickMotive is the only company to deliver the powerful combination of website design, video, dynamic search, and Mobile websites – in a single product, on a single platform, for one low cost, using 100% in-house technology. ClickMotive services some of the most recognized names in the auto industry, including Toyota, Ford, American Honda, AutoNation, and thousands of individual dealers and groups. Led by the former owners of Third Coast Media and the former Vice President of RWS, ClickMotive combines powerful tech savvy with years of experience at all levels of the automotive industry. ClickMotive Ownership: Acquired by Autotrader.com in 2010 Location:West Chester, PA Description:HomeNet Automotive helps the automobile industry save time and sell more vehicles. It is the leading provider of inventory merchandising, management and marketing services, led by its flagship product, Inventory Online (IOL) Internet Marketing Suite. IOL is a web- based vehicle marketing solution that helps tens of thousands of automotive dealers to engage buyers online and bring them into the showroom ready to buy by streamlining the process of converting raw vehicle data into consumer-friendly and emotional online ads. With 135 employees, HomeNet has garnered a spot on the “Inc. 1000” for the second year in a row, its third recognition by the prestigious magazine in as many years. HomeNet Automotive

11 CONFIDENTIAL - DRAFT 11 Security Portfolio Company  Xe is the pre-eminent global provider of training and technical services focused on counterterrorism, forced protection, law enforcement and security operations  Across its four vertically integrated business divisions – domestic training, international training, security services and logistics – Xe serves the U.S. Department of State, the U.S. Department of Defense, U.S. Navy, numerous law enforcement and intelligence organizations/agencies, and select commercial customers  Xe’s proven ability to provide turnkey, end-to-end training and technical services, along with its unmatched track record of exceptional performance, has enabled the company to establish a competitive advantage well recognized by its customers  Founded in 1997, with concentrated focus on delivering unique and customized training to the special operations community, Xe has grown quickly over the past ten years, while significantly diversifying its service offering, to become the premier provider of stability services and training through innovation, delivery efficiency and strong mission accountability of all Xe team members  Headquartered in Moyack, NC, Xe employs approximately 435 full-time and 135 part-time employees ─ The vast majority of these employees are based in Moyock and directly support Xe’s training efforts ─ Xe also utilizes approximately 700 U.S. independent contractors as trainers and security professionals for overseas contract execution Xe Services LLC

12 CONFIDENTIAL - DRAFT 12 Formula One Investment  Circuit of the Americas will be a world-class destination for performance, education and business  It will be the first purpose-built Grand Prix facility in the United States designed for any and all classes of racing, from motor power to human power, and be the U.S. home to both the Formula 1 and MotoGP Grand Prix World Championships  The Circuit of the Americas master plan features a variety of permanent structures designed for business, education, entertainment and race use ─ Its signature element will be a 3.4-mile circuit track with capacity for 120,000 fans ─ Other support buildings will include a medical trauma and care training facility, 14 executive meeting suites, a conference center, a banquet hall as well as an expansive outdoor live music space ─ Future proposed amenities include a driving/riding experience, a motorsports driving club, kart track, grand plaza event center and tower, and a trackside recreational vehicle park  Circuit of The Americas is ideally situated on a 1000-acre site in southeast Austin, approximately two miles from Austin Bergstrom International Airport, with scenic views of downtown  In 2010, the Texas Comptroller’s office estimated that an Austin F1 United States Grand Prix race could generate a total economic impact approaching $300 million annually in Central Texas Circuit of the Americas

13 CONFIDENTIAL - DRAFT 13 Other Portfolio Companies Commerce Capital Partners San Antonio, TX Datavision Resources Carlisle, IA Dulce Vida Spirits Austin, TX Emergent Technologies, Inc. Austin, TX Digital Blue Atlanta, GA Genteral LED San Antonio, TX Media Excel Austin, TX Patton Medical Devices Austin, TX QT Technologies Dallas, TX MPOWER Ventures Austin, TX San Jacinto Partners Dallas, TX The Lynd Company San Antonio, TX W Capital Partners Austin, TX TouchTunes Interactive Networks New York, NY Hal Jones Development Austin, TX Shoutz Inc. Austin, TX NRC Group, LLC San Antonio, TX NRC Group

14 CONFIDENTIAL - DRAFT 14 Corporate Growth and Development  While McCombs Partners invests in a range of different industries, we look for businesses with a common set of characteristics: ─ Scalable business models ─ Favorable industry dynamics ─ Pricing power ─ High gross margin ─ Strong free cash flow generation ─ Stable regulatory environment ─ Located in a well-educated country with a competent and receptive work force ─ Sufficient natural resources and infrastructure to sustain business growth ─ Access to water, roads, telecommunications, IT, etc. McCombs Partners has a strong track record of working closely with our partner companies to optimize growth and unlock long-term value

15 CONFIDENTIAL Q & A


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