matco-small-cap-fund-presentation

Matco Small Cap Fund5 FOLD INVESTMENT PROCESS FOR BOYDManagementValuation•Very experienced, conservative, and disciplinedmanagement team•Boyd’s valuation has expanded as it demonstratedconsistent organic and acquisition growth but we believeit continues to trade under it’s intrinsic valuePRIVATEWEALTHMANAGEMENTGrowth•Consistent organic and acquisition growth. Boyd is thebiggest player in a highly fragmented industry.Financials•Strong return-on-equity complemented by a excellentreinvestment rate. Long history of returning proceeds toshareholders though paying and growing dividendsBalance Sheet•Strong balance sheet and conservative payout ratio giveBoyd flexibility for future acquisitions