Envela Corporation · AMEX:ELA
Envela — Q1 2024 Earnings Presentation
21 slides from Envela's earnings presentation, June 2024
Slide 1: Q1 2024 Financial Results
1 Q1 2024 Financial Results NYSE: ELA
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
2 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation includes statements that may constitute “forward-looking” statements, including statements regarding acquisitions, financial outlook, and the potential future success of business lines and strategies. These statements are
Slide 3: Envela is a leading provider of recommerce
3 Envela’s diversified portfolio serves multiple industries through its Commercial and Consumer business segments: Envela is a Commercial leading provider Re-commercializes consumer electronics and IT equipment and of recommerce provides end-of-life recycling services including extracting, collectin
Slide 4: Consolidated Business
CORPORATION Consolidated Business
Slide 5: Gross Margin and Operating Income
5 Gross Margin and Operating Income TTM 3/31/2024: Gross Margin of $40.6 million Operating Income of $7.9 million Q1 2024: Gross Margin of $10.3 million Operating Income of $2.3 million Source: Company filings and data Refer to the Glossary at the end of this presentation for definitions of key term
Slide 6: Adjusted EBITDA
6 Adjusted EBITDA TTM 3/31/2024: Adjusted EBITDA of $9.3 million Q1 2024: Adjusted EBITDA of $2.7 million Source: Company filings and data Refer to the Glossary at the end of this presentation for definitions of key terms
Slide 7: Strong Balance Sheet
7 Strong Balance Sheet Q1 2024: Total Shareholders’ Equity: $49.3 Million Cash position: $19.8 Million Total Debt: $14.6 Million Source: Company filings and data Refer to the Glossary at the end of this presentation for definitions of key terms
Slide 8: Liquidity Position
8 Liquidity Position Q1 2024: Operating Cash Flow of $3.8 million Net Cash of $5.2 million Undrawn line of credit: $3.5 million Source: Company filings and data Refer to the Glossary at the end of this presentation for definitions of key terms
Slide 9: Share Repurchases
9 Share Repurchases Q1 2024 Activity: Repurchased shares as of 12/31/2023: 415,973 Shares repurchased during Q1 2024: 201,340 Shares available for repurchase at 03/31/2024(1) : 382,687 Source: Company filings and data Refer to the Glossary at the end of this presentation for definitions of key terms
Slide 10: B2C Consolidated Financial Results
10 Consolidated 1Q 2024 Unaudited 1Q 2023 Unaudited B2C Consolidated Financial Results: Sales $ 39,858 $ 49,810 • Revenue was $39.9 million for the first quarter of 2024, a Cost of goods sold 29,537 38,400 Gross margin 10,321 11,410 decrease from revenue of $49.8 million Expenses: • Gross margin inc
Slide 11: Consumer Business
CORPORATION Consumer Business
Slide 12: Adjusted EBITDA
12 Adjusted EBITDA TTM 3/31/2024: Adjusted EBITDA of $3.7 million Q1 2024: Adjusted EBITDA of $0.3 million Source: Company filings and data Refer to the Glossary at the end of this presentation for definitions of key terms
Slide 13: B2C Consumer Division Financial Results
13 Consumer 1Q 2024 Unaudited 1Q 2023 Unaudited B2C Consumer Division Financial Results: Sales $ 28,226 $ 36,704 • Revenue was $28.2 million for the first quarter of 2024, a Cost of goods sold 24,677 32,719 Gross margin 3,549 3,985 decrease from revenue of $36.7 million Expenses: • Gross margin incr
Slide 14: Commercial Business
14 Commercial Business
Slide 15: Adjusted EBITDA
15 Adjusted EBITDA TTM 3/31/2024: Adjusted EBITDA of $5.6 million Q1 2024: Adjusted EBITDA of $2.4 million Source: Company filings and data Refer to the Glossary at the end of this presentation for definitions of key terms
Slide 16: Commercial B2C Division Financial Results
16 Commercial Commercial 1Q 2024 Unaudited 1Q 2023 Unaudited B2C Commercial Division Financial Results: Sales $ 11,632 $ 13,105 • Revenue was $11.6 million for the first quarter of 2024, a Cost of goods sold 4,860 5,680 Gross margin 6,771 7,425 decrease from revenue of $13.1 million Expenses: • Gros
Slide 17: Appendix
=NVELA CORPORATION ‘SB VIB RICANS Appendix
Slide 18: Historical Financial Results
18 Historical Financial Results Income Statement ($ in thousands) ($ in thousands, except per unit amounts) 2019 2020 2021 2022 1Q 2023 2Q 2023 3Q 2023 4Q 2023 2023 1Q 2024 2024 YTD Audited Audited Audited Audited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Sales $ 82,024 $ 113,922 $ 1
Slide 19: Glossary
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Slide 20: Glossary
20 Glossary • Adjusted EBITDA. We use Adjusted EBITDA as a non-US GAAP measure to track our performance and assess our ability to service our borrowings. This is a non-US GAAP financial measure supplement and should be considered in addition to and not in lieu of, the results of operations, prepared
Slide 21: =NVELA
=NVELA CORPORATION