The following is a summary of the Aimia Inc. (AIMFF) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Aimia reported Q4 revenue of $291 million with a Q4 decline of 12.4% from Q3.

• The adjusted EBITDA indicated a loss of $4 million in Q4, contrasting with Q3's positive EBITDA of $9.7 million.

• If transactions were closed at year start, pro-forma 2023 full-year consolidated revenue would be 50% higher at $438 million.

• The consolidated net loss for 2023 was majorly affected by non-cash loss of $130 million due to investment value changes.

• Cash levels at the end of the fiscal year within the holding company hovered around $49 million, added to an expected $32 million from earn-outs by Q2's end.

• A large charge of $27 million, tied to a write-down for Clear Media due to lower 2023 performance, was recognized in Q4.

Business Progress:

• In 2023, Aimia took the strategic move to acquire Bozzetto and Tufropes.

• While Bozzetto's performance matched expectations, initiatives for capital investments and integration are in place to boost Cortland's results.

• Aimia is supporting the managerial teams at Bozzetto and Cortland to meet their growth plans and strategic objectives.

• The company is actively managing core holdings and liquidating the minority investments in their portfolio.

• To combat logistic obstacles, Bozzetto used different global channels for product sourcing while Cortland shifted to products with higher performance.

• Aimia is reviving its financing efforts and will update by Q1.

• Clear Media is expected to perform better in 2024 but at a slower pace.

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