Tally Ho Ventures

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Published on October 8, 2008

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Tally-Ho Ventures, Inc. : Tally-Ho Ventures, Inc. November 2006 Forward-Looking Statements : Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, the independent authority of the special committee to act on the matters discussed, the successful negotiation of the potential acquisition and disposal of transactions described above, successful implementation of the Company's business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission. Executive Summary : Executive Summary Tally-Ho Ventures, Inc. (“Tally-Ho” or the “Company”) is a forerunner and leader in the globalization of the niche Private Wealth Management arena for mid wealth and high net worth individuals and families throughout Europe. The Company currently has two properties with assets under management of $1.8 billion and recurring revenues and earnings of $17.5 million and $5.0 million, respectively. Tally-Ho will continue to execute its strategy of growth through acquisition and integration. To this end, Tally-Ho will acquire a number of established specialty managers that currently have limited growth due to their specialization in a single product and region. Tally-Ho will integrate these companies under one umbrella and brand; and therefore have new and additional products available to these specialists. The entire concept of branding assumes that there will be “name identity” therefore Tally-Ho will change its name to Finance Pro, Inc., and execute a multi-national marketing program that will make Finance Pro, Inc., a household name for high and mid wealth individuals and families. Tally-Ho is offering qualified investors an opportunity to participate in this growth through the purchase of a $3.5 million Convertible Preferred Security. 1 The Company : The Company Tally-Ho is a Private Wealth Management company with combined assets under management of $1.8 billion. The Company recently acquired two companies and currently has recurring revenue and earnings of $17.5 million and $5.0 million, respectively. Tally-Ho has three offices in Europe and is authorized to operate in 23 countries. Tally-Ho provides, through its subsidiaries, a broad range of services: Financial Counseling Investment Management Asset Allocation Corporate Services Estate Planning Tally-Ho will continue its plan of growth through acquisition and integration and has identified two established acquisition targets. Post acquisition, Tally-Ho will have 5 offices, $2.8 billion under management and recurring revenue and earnings of $22.5 million and over $8 million, respectively. 2 Current Properties : Current Properties As part of its roll-up strategy, Tally-Ho has acquired, and wholly owns, two properties and currently has $1.8 billion under management. Master Finance is Belgium and Luxembourg’s No. 1 distribution company of investment products with $800 million assets under management. Tally-Ho acquired Master Finance in February 2006 for $3 million cash and stock. Master Finance contributes annual revenues of $7.5 million and net profits of $1.5 million. Master Trust SA (Formally Protrust Private Clients) is one of Switzerland’s largest fiduciary companies with more than $1 billion assets under management. Tally-Ho acquired Master Trust on August 12, 2006 for $8 million in cash and stock. Master Trust contributes annual revenues of $10 million and net profits of $3.5 million. 3 Current Properties – Master Finance : Current Properties – Master Finance Master Finance, based in Belgium and Luxembourg, was established in 1977 and is the Company’s Private Wealth Management organization. Insurance brokers, management and organization of patrimony (tax system, transmission, revenues) through a variety of products. Capital under management: +/- $800 million. 2006 product sales: $150 million. 4,500 clients in Belgium. Average investment: $250,000. 200 insurance brokers. 20 internal and independent sales staff. Low fixed cost structure; all work on commission. Annual revenues of $7.5 million and net profits of $1.5 million. 4 Current Properties – Master Trust : Current Properties – Master Trust Master Trust SA, a leading fiduciary company based in Switzerland, has been conducting business since 1992 and is a discretionary manager of leveraged single premium insurance investments for the high net worth investor and is the company’s most recent acquisition. Authorized Trust Company. More than $1 billion in Assets. More than 2,000 clients. Seven staff members. Significant recurring income. New services: in-house bank accounts, mortgages, credit card. Annual revenues of $10 million and net profits of $3.5 million. 5 Strategy –Growth Through Acquisition and Integration : Strategy –Growth Through Acquisition and Integration Tally-Ho will continue to acquire properties in a roll-up strategy, and increase assets under management. The Company has identified two acquisitions and has signed letters of intent for the purchase of each company. Tally-Ho will acquire a number of specialty managers that have limited growth because of their specialization in a single product and region. Tally-Ho will integrate these companies under one umbrella and brand; and therefore have new and additional products available to these specialists. The entire concept of branding assumes that there will be “name identity” therefore Tally-Ho will change its name to Finance Pro, Inc., and execute a multi-national marketing program that will make Finance Pro, Inc., a household name for high and mid wealth individuals and families. Under its new name, Finance Pro Inc., the Company will continue to develop its brand as a leader in the globalization of Private Wealth Management throughout Europe and internationally. 6 Investment Products and Services : Investment Products and Services Tally-Ho currently manages $1.8 billion and has three offices in Europe and is authorized to operate in 23 countries. Post acquisition of the proposed target companies, Tally-Ho will have 5 offices in Europe, $2.8 billion under management, a sales force of 500 brokers, and over 10,000 clients. Although each individual company currently specializes in a specific segment or product, Tally-Ho will integrate these companies and services into each subsidiary company thereby expanding products and services and provide new growth to each subsidiary. Through its subsidiaries Tally-Ho provides the following investment services to its clients. Investment Management: Investment Performance evaluated on a weekly basis. Clients receive quarterly statements. Asset allocation: Following completion of the Discretionary Mandate Agreement, (DMA), client profile evaluated and sent to Estate Planning Department. Estate Planning and Financial Counseling: Based upon DMA, investment products and funds evaluated for client. Corporate Services: Distribution of insurance products or funds. Offshore bank accounts and mortgages also available. 6 Target Acquisition : Target Acquisition Primus SA – A specialty Asset management Company, Primus manages leveraged single premium insurance investments and $500 million in assets under management and has annual profits of approximately $1 million. Acquisition cost: Total consideration of $2 million allocated as follows: $1 million in cash plus an earn out of the Company’s shares of up to $1 million provided the Primus achieves minimum profits of $1 million one year from acquisition. 7 Primus SA : Primus SA Established in 1995 Primus SA (PSA) was set up specifically to manage leveraged single premium insurance investments for high net worth investors, under the terms of a Discretionary Management Agreement. Over the last five years, PSA has built up a significant portfolio of funds under management, which generate a substantial ongoing revenue stream. PSA is a fully authorized Fiduciary company, subject to the regulatory control of the Swiss Cantonal Government (OAD – FCT). As such Master Trust will be able to offer the full range of services to clients including: full discretionary management; holding clients assets in the company’s name; trading for clients over a wide range of assets including investments and real estate. PSA has successfully acted as an interface between UK and Offshore life offices and independent intermediaries in Italy, Switzerland and the Far East and is regarded as one of the founders of leveraged With-Profits business. Funds have grown to over $500 million with annual profits of over $1 million. Tally-Ho will appoint industry specialist advisors to the board of PSA in order to look at re-allocating these funds into higher performing, and higher revenue yielding funds. 9 Integration and Branding : Integration and Branding In the near term, Tally-Ho plans to rename the Company more appropriately to Finance Pro Inc. The name change is one step in the Company’s overall strategy to: Be better positioned for expansion plans. Develop and exploit the international brand image of Finance Pro Inc. via an integrated marketing campaign with the Company’s subsidiary businesses. Become a household name via the Company’s diverse product portfolio offered to high and mid net worth individuals and families. Continue organic growth of the Company’s subsidiaries. Finance Pro, Inc. 10 Projected Income Statement : Projected Income Statement Actual Projected Projected Projected Projected 2005 2006 2007 2008 2009 Commission and Advisory Fees Received $5,528,924 $13,458,872 $22,575,115 $24,800,121 $32,342,734 Commission Paid to Advisors -2,541,322 -6,015,536 -8,567,561 -8,692,974 -12,138,036 Gross Profit $2,987,602 $7,443,335 $14,007,554 $16,107,147 $20,204,698 Operating Expenses Remuneration & Social Security -$634,906 -$2,330,763 -$1,958,680 -$2,022,171 -$2,655,807 Administrative Expense -763,178 -1,899,621 -2,114,805 -2,180,329 -2,947,377 Depreciation & Financial Expense -94,999 -265,617 -312,997 -289,496 -434,055 Income from Operations $1,494,519 $2,957,334 $9,621,071 $11,615,151 $14,167,459 Other Revenues/Expenses Interest Revenue $17,029 $35,693 $57,899 $69,819 $81,705 Interest Expense -91,589 -78,767 -92,814 -72,337 -121,959 Other Financial Expense -81,382 -73,244 -43,935 -20,902 -69,040 Provisions for Income Tax -342,086 -470,489 -1,163,092 -1,060,467 -1,447,024 Minority Interest -84,406 -25,828 Net Profit $912,085 $2,344,700 $8,379,129 $10,531,264 $12,611,141 Average Number of Shares Outstanding 8,650,624 17,000,000 18,000,000 18,000,000 18,000,000 Net Income Per Share $0.11 $0.13 $0.47 $0.59 $0.70 NOTES: 1 2 3 4 5 2009 shows the company with a full private banking license. TALLY HO VENTURES, INC PROJECTED CONSOLIDATED STATEMENTS OF INCOME FOR THE YEARS ENDED 31 December 2005 to 2009 2006 Income included Master Finance Holdings SA for 12 months, Master Trust SA for months . estimated increase of 20% in sales. 2007 Income includes 12 months for Master Finance Holdings SA Master Trust SA and Primus with an 2008 shows a 10% increase in revenue but expenses reduced following the full integration of all 3 companies. 13 Projected Balance Sheet : Projected Balance Sheet 14 TALLY-HO VENTURES, INC PROJECTED CONSOLIDATED BALANCE SHEETS December 31, 2005 To 2009 Actual Projected Projected Projected Projected 2005 2006 2007 2008 2009 ASSETS CURRENT ASSETS Cash and Cash Equivalents $1,389,555 $3,406,892 $8,410,042 $1,321,486 $10,657,756 Other Current Assets 3,487,136 9,213,660 12,219,224 10,332,375 11,672,400 TOTAL CURRENT ASSETS $4,876,691 $12,620,552 $20,629,266 $11,653,861 $22,330,156 Other Assets $1,489,848 $6,465,679 $7,462,445 $8,949,581 $11,171,277 TOTAL ASSETS $6,366,539 $19,086,231 $28,091,711 $20,603,442 $33,501,433 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES $5,100,635 $5,991,096 $6,446,857 $7,244,630 $7,795,543 TOTAL SHAREHOLDERS' EQUITY 1,265,904 13,095,135 21,644,854 13,094,749 25,705,890 LIABILITIES AND SHAREHOLDERS' EQUITY $6,366,539 $19,086,231 $28,091,711 $20,603,442 $33,501,433 Projected Valuation Analysis : Projected Valuation Analysis 15 Actual Projected Projected Projected Projected 2005 2006 2007 2008 2009 Average Growth Rates Revenues 180% 46% 10% 30% 66% Net Profit 386% 89% 26% 20% 130% EBITDA Per Share 67% 80% 20% 23% 47% Earnings Per Share 134% 89% 26% 20% 67% TLYH Projected Valuation At 3 X Revenues $67,725,344 $74,400,362 $97,028,201 $133,472,612 Projected Price Per Share $1.85 1 $3.76 $4.13 $5.39 $7.42 At 10 X EBITDA $99,340,681 $119,046,471 $146,015,134 $194,757,497 Projected Price Per Share $1.85 1 $5.52 $6.61 $8.11 $10.82 Current Price/EBITDA Per Share 10.07 6.05 3.36 2.80 2.28 Revenue $5,528,924 $13,458,872 $22,575,115 $24,800,121 $32,342,734 $44,490,871 Cost of Goods Sold -2,541,322 -6,015,536 -8,567,561 -8,692,974 -12,138,036 -17,114,631 Gross Profit $2,987,602 $7,443,335 $14,007,554 $16,107,147 $20,204,698 $27,376,240 Operating Costs -1,398,084 -4,230,384 -4,073,486 -4,202,500 -5,603,185 -7,900,490 EBITDA $1,589,518 $3,212,951 $9,934,068 $11,904,647 $14,601,513 $19,475,750 Interest, Taxes, Deprec. & Amort. -677,433 -868,251 -1,554,939 -1,373,383 -1,990,372 -766,122 Net Profit $912,085 $2,344,700 $8,379,129 $10,531,264 $12,611,141 $18,709,628 Average Number of Shares Outstanding 8,650,624 17,000,000 18,000,000 18,000,000 18,000,000 18,000,000 EBITDA Per Share $0.184 $0.189 $0.551 $0.661 $0.811 $1.081 Net Income Per Share $0.105 $0.130 $0.466 $0.585 $0.701 $1.039 NOTES: 1 Current Price per Share as of October 19,2006. 2 For the purpose of arriving at the valuation for 2009, an additional projection for the year 2010 has been made and such projection is based on average growth and are not based on evaluated budgets. 3 Unusual increase in growth in the year 2006 is due to two new acquisitions . 4 Valuations are based upon one year forward Revenues and EBITDA. TALLY-HO VENTURES, INC. PROJECTED VALUATION ANALYSIS FOR THE YEARS ENDED 31 DECEMBER 2005 to 2009 Projected Valuation Analysis : Projected Valuation Analysis 16 Management Team : Management Team Jose Meleth, Chief Financial Officer Mr. Jose Meleth is Vice President, Treasurer, Chief Financial Officer and Secretary of the Company and is also a member of the Board of Directors. He obtained his Bachelors Degree in Commerce in 1987, Masters Degree in Commerce in 1989 and Bachelors Degree in Law in 1991 from Mahatma Gandhi University. He obtained his Masters Degree in Law from Bombay University in 1997. A qualified accountant, Mr. Meleth's accomplished finance career includes roles as auditor and counsel to the Ministry of Finance, Government of India. He has participated in the investigations for the Bombay Stock Exchange Securities Division and acted as auditor in numerous securities transactions. Mr. Meleth joined Intervest Limited in 1998 as chief accountant and advanced to the post of chief financial officer and finance director in 2000. Currently he is director of several companies based in several countries, overseeing the finance, credit, operations, payroll, legal and lending areas. Mr. Meleth is a member of the International Bar Association, London, the Institute of Directors, London, the Chartered Insurance Institute, London; the Association of International Accountants, London; and the Institute of Financial Consultants, USA. 18 Management Team : Management Team Nigel Gregg, President,CEO AND Chairman Mr. Nigel Gregg is President and Chief Executive Officer, and a member of the Board of Directors of the Company. Mr. Gregg has over 15 years experience in the financial services industry. He started as a trainee accountant for KPMG, Dublin and in five years he became a fully qualified Certified Accountant. In 1995 he joined as financial controller with Quality Goods International, a large distribution company based in Dublin. In 1999, Mr. Gregg joined Prudential International, as an accountant. In 2001 he moved departments within Prudential International; and joined the newly formed international division of Prudential International, looking to promote sales of its product within Europe. Mr. Gregg was responsible for developing business opportunities in Europe. He spent the last three years establishing relationships with distributors, which now represent 40% of Prudential's international sales. 19 :  Tally-Ho Ventures, Inc. 115 Route d'Arlon L-8311 Capellen Luxembourg Tel: +35226301540 Fax: +35226301545

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