Outdoor Holding Company · NASDAQ:POWW
Outdoor — AMMO — Merger or Acquisition (August 2022)
11 slides from Outdoor's merger presentation, Aug 15, 2022
Slide 1: AMMO, Inc. to Separate into Two Independent Companies to Maximize Long-Term Shareholder Value
AMMO, Inc. to Separate into Two Independent Companies to Maximize Long-Term Shareholder Value AUGUST 15, 2022
Slide 2: Safe Harbor Statement; Non-GAAP Financial Measures
SAFE HARBOR STATEMENT This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other
Slide 3: Transaction Overview
TRANSACTION OVERVIEW 1 In order to maximize long-term shareholder value, AMMO has announced a plan to separate its Manufacturing Business and Marketplace Business into two independent publicly traded companies (”Action Outdoor Sports, Inc.” & “Outdoor Online, Inc.”), each expected to be traded on NA
Slide 4: Separate Industry Leaders
SEPARATE INDUSTRY LEADERS ACTION OUTDOOR SPORTS OUTDOOR ONLINE BRANDS FORUMS www.gungenius.com www.fflunleashed.com forums.gunbroker.com GunBroker.com is the largest online marketplace High-growth ammunition business, INVESTMENT dedicated to firearms, hunting, shooting and related generating attract
Slide 5: Why Should I Care?
WHY SHOULD I CARE? Global Reasoning AMMO shareholders retain ownership in Outdoor Online f/k/a AMMO, Inc. while obtaining ownership in Action Outdoor Sports at no additional cost Equity ownership in separately listed public companies Ability to direct focused attention to related but separate and di
Slide 6: AMMO's Transformational Next Step for Shareholder Value
AMMO’s TRANSFORMATIONAL NEXT STEP FOR SHAREHOLDER VALUE Historical Performance Path Forward Grew Sales and Adj. EBITDA by $34.1M and 185% CAGR Two Distinct Entities: From FY2018 to FY2022 (1) • Supports Tailored Allocation of Capital to Serve Different Focused Customer Bases Completed 3 Acquisitions
Slide 7: Transaction Details
TRANSACTION DETAILS 1 AMMO anticipates the transaction will be in the form of a dividend distribution to its shareholders of 100% of the stock of AOS, which will become a new, independent publicly traded company 2 The distribution is intended to be tax-free to both companies and their shareholders f
Slide 8: Supporting Materials
SUPPORTING MATERIALS 8
Slide 9: FY2023 Guidance
FY2023 GUIDANCE Action Outdoor Sports, Inc. Outdoor Online, Inc. FY2023 Guidance (Manufacturing) (Marketplace) Revenues $230 million - $240 million $70 million EBITDA $35 million - $38 million $47 million Adjusted EBITDA $57 million - $60 million $51 million 9
Slide 10: Non-GAAP Financial Summary (2022)
NON-GAAP FINANCIAL SUMMARY (2022) *See Reconciliation of GAAP to Non-GAAP AOS Outdoor Online Manufacturing Marketplace Corporate Total Net Sales $ 172,708,804 $ 67,560,362 $ - $ 240,269,166 EBITDA 20,335,462 48,020,186 (13,845,353) 54,510,295 Non-GAAP Adjustments Excise Taxes 14,646,983 - - 14,646,9
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION For the Year Ended 31-Mar-22 31-Mar-21 Reconciliation of GAAP net income to Adjusted EBITDA Net Income (Loss) $ 33,247,436 $ (7,812,294) Provision for income taxes 3,285,969 - Depreciation and amortization 17,339,093 4,876,756 Loss on purchase - 1,000,000 Excise Taxes