EFTA01374924

SRLP102 Alpha Group Capital PC1: Results Post-Close • • SIMS CONFIDENTIAL - CONFIDENTIAL Close Acquisition Successful CEO Transition and Executive/ Organizational Changes Strategy & Business Development Implementation Fund Bridge Refinanced and Dividend • Fully refinanced $100 mm fund bridge, plus $5.6 mm interest, and distributed $15 mm in November, —3% of cost Cost Sratings/EBITDA - Capex Growth • 2016 EBITDA and EBITDA - Capex of $137 mm and $111 mm, up from $106mm and $73 mm in 2015A • Achieved $56 mm of run-rate cost savings in first year of ownership versus target of $60 mm over two years Follow-on acquisition • Accretive acquisition of ReadyTalk for 3.3x PF EBITDA Dividend recap • Returned $100 mm, -22% of cost, to investors Cost Savings/ EBITDA - Capex Growth • 2017 EBITDA and EBITDA - Capex of $138 mm and $111 mm • Achieved $54 mm of run-rate cost savings in 2017 Follow-on Investment • Invested $50 mm of equity to accelerate PGi's growth initiatives, including the development of a Cloud PBX product PURSUANT TO FED. R. GRIM. P. 6(e) Gross Unrealized Returns (Stunt) Total Gross MOIC Fund + Co-Invest 1.2x Fund only:1.1x 1.Ox R O S S 0.0x - M O I C (1.Ox) Dec-2015 A. c uisition I ill it III LEINEM (S9'3) ($447) $121 $399 S04 $141 S520 Realized Value Unrealized Total Value Value CotInveslor Share *Fund II Share iv Fund III Shaw Note: get um, include unre.dtmd vrlottnon. The actual realized return of such unmanned inveraments may differ matenally from the return, inItcaed herein. Please sa -AppenStx-Foi*nou,C for acklmonal corenderaton, and definetoont. Pam performance it. no. nrwitally indicative of fume retults. DB-SDNY-0069876 SDNY_GM_002 16060 33 EFTA01374924