EFTA Document EFTA01378187

SRLI2102 Alpha Group Capital Polycom: Results Post-Close 2016 ell. 2017 Close Acquisition Compensation Plans Implemented Strategy & Business Development • Began implementing new "Ecosystem Focused" strategy to grow with evolving Unified Communications market • Executed Microsoft partnership agreement providing for $31 million of engineering support and deeper Go-to-Market Cost Savings/ EBITDA - Capex Growth • 2016 PF EBITDA - Capex of $183 mm up from $161mm in 2015A • Achieved $70 mm of run-rate cost savings in first 4 months of ownership versus target of $90 mm over two years Repriced Debt • Repriced ld hen debt resulting in 125bps or $11 million savings per year Cost Savings/ EBITDA - Capex Growth • 2017 PF EBITDA - Capex of $204 mm • Achieved $15 mm of run-rate cost savings, and identified incremental $30mm of savings for execution in 2018 it 2 Sold • Plantronics acquired Polycom in a combination of cash and stock for $2 bn, or 8.9x 2017 EBITDA of $225 mm • Sims CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL cross Unrealized Returns (Soon) Total Gross MOIC $385 $1,251 Fund 2.0x + Co-Invest 1.9x Fund only:1.9x • $169 $866 $216 $559 1.0x $390 G R $692 O S $476 Sep-2016 S 0.0s Acquisition M O Realized Unrealized Total ($359) Value Value Value I C ($300) (1.0x) ($659) •• Co-Investor Share • Fund Share Nota ')Cavan informationprovided NavinIn downbod below) relating toot bad m pan on the perfonnanna of Polycomn pro fontu mforenahon bond on the terms of the sale of the company to Plentromer. Inc. (WISE: PLT). Pobrom entered Ito • sale wanner.. with Plantronab Inc. the closed on July 2 2018. pursuant to 'sloth the agreed upon transaction COIVIdetabOrICOM1411% of apprommately 11.64 babe N cash and O.352 millionshamsof Pientronsca commonstock The sate agreement providor for See masonoft he rash consideration smitten millioninvalue dike Platen., common stock tole held in avow. Foe purreen arandating the inbred ad unrealised return as of ruin V. 20lb all of to cash conitderenm. Mochas cash held m escrow lint of a valuation dncoura), dcombed above is treated a nhdadad and dinnbuted, end the ant earaideration des-reed above is ward a unmelmod. Fraossod awounts an not expxted to be releand in full end actual mums to Sun Ill and commttton could be lusthor or tomr than asde.wn horeuv Ike alUal Nalaed MUtil d such unrealmni inwalmerd• may differ materially ham lb> MUIm indicated heroin Roan see "Aprendix - Footnotes' foe addu tonal coraideretoons end deftnitions Pet performance is not netnitasily indicative 24 of future results. DB-SDNY-0075348 SDNY_GM_00221532 EFTA01378187