EFTA01378196

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 (S96) ($447) $121 $399 SEA $141 S520 Realized Value Unrealized Total Value Value Co•Inveslor Share *Fund II Share Fund III Share Note: get um, include unre.dwd vslosnon. The aut.] realized return of such tounlized inneamento may differ matenslly from the return, inItcaed herein. Please sa -AppenSix-Foi*nou€ for addmonal corenderaton,.nd definetoonm. Pam performance a nor naxH.aily Indicdfive of fume rftults. DB-SDNY-0075357 SDNY_GM_00221541 33 EFTA01378196