Ewing Bemiss & Co. Investment Banking Analyst Recruiting Fall 2008 Experience • Professionalism • Results Why Ewing Bemiss & Co. • Ewing Bemiss & Co. is nationally recognized as a leading middle market investment bank – – – • Ewing Bemiss & Co. Analysts gain real deal experience – – – – • Immediately staffed on “live” deals Actively contribute to deal teams and work alongside senior bankers Gain experience in a variety of industry sectors throughout their tenure Direct contact with clients Ability to contribute to firm’s success – – – • 5 partners with an average of over 17 years experience Transaction expertise in a variety of industries with focus on Alternative Energy, Business Services, Healthcare and Transportation & Logistics $100 million Montauk Energy Capital transaction was named “Small Deal of the Year” for 2006 by Buyouts magazine Size promotes an entrepreneurial environment Employees at all levels are encouraged to contribute thoughts and ideas Opportunity to take initiative in research assignments, marketing projects, client presentations and financial analyses Significant access to middle market private equity community – – We have involved over 350 private equity groups in our transaction processes in the past six months In the past five years, 50% of Ewing Bemiss Analyst alumni have gone on to work in private equity Ewing Bemiss & Co. 1 Middle Market Transaction Expertise Engagement Dynamics Client Characteristics • Family-owned, private-equity backed, and corporate subsidiaries • Healthy and distressed • Emerging growth and mature Buyer and Investor Types • Financial (private equity) • Strategic • International and domestic Transaction Characteristics M&A • Enterprise value: $10 - $250 million • Typical transaction: $3 - $10 million EBITDA Capital Formation • Equity/mezzanine private placement: $5 million - $50 million • Senior debt: $20 million - $250 million States in which Ewing Bemiss & Co. has Done Business Private Capital Formation 15% Financial Restructuring & Strategic Advisory Services 6% ` M&A Advisory 79% We have also completed transactions in Canada and Europe. Ewing Bemiss & Co. 2 Company Experience (Representative Experience of Ewing Bemiss & Co. Professionals) SELLERS/ADVISORY CLIENTS BUYERS Ewing Bemiss & Co. 3 Selected Engagements Multitrade Biomass Holdings, LLC has secured an investment in its subsidiary Multitrade Rabun Gap, LLC from has completed a recapitalization by an investor group organized by has completed a management-led recapitalization with has been acquired by has been acquired by has been acquired by has sold its has sold its transfilling oxygen business to KANSAS CITY LFG, LLC JOHNSON COUNTY Landfill Gas Project has been acquired by to has received an Equity Capital Investment from has been acquired by has sold its oxygen conserver business to and and has been acquired by has sold its gas rights at King County’s Cedar Hills Landfill to Ewing Bemiss & Co. and 4 STRATEGIC CORPORATE SOLUTIONS has been acquired by and and Heritage Academy Private placement of Mezzanine capital Led by has been acquired by have been acquired by Our Professionals Represent a Wide Range of Universities Undergraduate Programs: Graduate Programs: Ewing Bemiss & Co. 5 The Analyst Experience Analysts are Encouraged to: • • Contribute to “live” deals immediately – working directly with senior partners, deal team and with clients Rotate project teams to gain experience working with all professionals and industries • Participate in client presentations • Become knowledgeable across the spectrum of investment banking services • Contribute outside the job description • Initiate projects that contribute to the growth of the firm Ewing Bemiss & Co. 6 Analyst Responsibilities • Analyze and prepare financial statements • Develop financial models and valuations • Research client markets and industries • Develop presentations for current and prospective clients • Create offering memoranda and client documents • Meet with clients and industry professionals • Identify and contact potential buyers and investors Analysts Gain Wide-Ranging Experience • Experience working with large and small companies in a broad range of industries • Extensive analytical, financial and research skills • Exposure to clients’ strategic challenges and opportunities • Written and oral communication skills • Excellent experience for graduate school and future career goals “Ewing Bemiss & Co. prepares its Analysts for a variety of career paths. While I took a nontraditional route, my experience at Ewing Bemiss has been invaluable in my current role at a boutique private equity consulting firm. At Ewing Bemiss I learned how to think analytically, I gained technical experience in financial modeling, and I was able to sharpen my research skills – all while working in a firm with an open, collegial environment. Additionally, I think the exposure Analysts have from Day One to both senior Partners and clients is virtually unparalleled in the industry.” Liz Carroll 2008 Analyst Alumnus Investor Group Services “The Analyst experience at Ewing Bemiss provided me an excellent learning opportunity in which I was able to take part in the investment banking process first hand. As an Analyst in a boutique shop such as Ewing Bemiss, you are engaged throughout the deal process – everything from financial statement analysis to having conversations with private equity professionals. Moreover, your coworkers at Ewing Bemiss are interested in your success as much as you are. I appreciate the fact my two years as an Analyst at Ewing Bemiss set the groundwork for my current position in private equity.” Kyle Harder 2008 Analyst Alumnus Capital Resource Partners Ewing Bemiss & Co. 7 The Benefits of Working at Ewing Bemiss & Co. • Opportunity to learn from experienced senior bankers • Ability to work in a supportive, fun, collegial and challenging work environment • Play a key role in the firm’s success • Open communication with all members of the firm • Valuable career building experience to be leveraged in future pursuits The Typical Analyst Work Day … Is Not Typical 8:00-8:30 Respond to deal-related emails 8:30-10:00 Research transaction multiples for precedent healthcare M&A transactions 10:00-11:00 Meet with associate to discuss offering memorandum for logistics clients – begin writing industry analysis 11:00-12:30 Conference call with senior partner and client to discuss marketing plan 12:30-1:15 Lunch 1:15-2:30 Work with associate on financial model and valuation for alternative energy client 2:30-4:30 Call logistics client to discuss financial projection model 4:30-5:30 Develop marketing mailer to announce the close of a transaction 5:30-8:00 Research facilities services industry Ewing Bemiss & Co. 8 Analyst Placement Following Ewing Bemiss • Ewing Bemiss & Co. Analyst alumni have successfully found employment in a variety of fields both related and unrelated to Finance. Analyst Job Placement by Type Consulting 8% Industry 8% Graduate Program 17% Private Equity 50% Asset Management 17% Ewing Bemiss & Co. 9 Representative Placements Living in Richmond, Virginia • Big city amenities with small-town feel • Large population of young professionals – The “Fan” neighborhood is a popular place to live and socialize • Consistently ranked among the top 20 best cities for careers and businesses • Affordable cost of living • Central location – close to Washington, DC; Virginia Beach; Blue Ridge Mountains • Wide range of weekend activities – Outdoor activities within driving distance: hiking, fishing, skiing – Over 35 golf courses in the metro area – More than 500 fine local restaurants in Greater Richmond – Active nightlife – Abundance of shopping – Outdoor concerts – Team Sports (e.g. flag football, kickball, basketball) Ewing Bemiss & Co. 10 Next Steps • To apply for the Analyst position at Ewing Bemiss & Co. please submit your resume and cover letter through your school’s online recruiting application • First round interviews will be conducted during the first three weeks of October • Second round interviews will take place in our office October 24th, 2008 • We look forward to speaking with you and thank you for your interest! Ewing Bemiss & Co. 11