Vroom, Inc. · NASDAQ:VRM
Vroom — Merger or Acquisition (October 2021)
11 slides from Vroom's merger presentation, Oct 12, 2021
Slide 1: Vroom UACC Transaction Overview October 2021
Vroom UACC Transaction Overview October 2021 Exhibit 99.1
Slide 2: Disclaimer: Industry and Market Data
DISCLAIMER Industry and Market Data This presentation includes estimates regarding market and industry data. Unless otherwise indicated, information concerning the industry and the markets in which the Company operates, including its general expectations, market position, market opportunity and mark
Slide 3: Today's Presenters
TODAY’S PRESENTERS PAUL HENNESSY BOB KRAKOWIAK Chief Executive Officer Chief Financial Officer
Slide 4: UACC Is a Proven Leader in Auto Financing
UACC IS A PROVEN LEADER IN AUTO FINANCING • Leading non-prime auto finance company with a nationwide network of independent auto dealers(7,300+) founded in 1996 • Extensive application processing, underwriting, securitization, and servicing capabilities • Disciplined credit culture with robust profi
Slide 5: Strategic Rationale: UACC Unlocks the Benefits of Asset-Light Captive Finance Strategy
Strategic rationale UACC UNLOCKS THE BENEFIT SO FOUR ASSET-LIGHT CAPTIVE FINANCE STRATEGY accelerates captive financing capabilities Enables significant gppu improvement enhances customer experience to improve conversion Accelerates sales growth Leverages fixed-cost base to improve margins Broadens
Slide 6: Anticipated Integration Milestones
anticipated integration milestones 2023 and Beyond Expand integrated financing capabilities beyond non-prime 2H 2022 Extend technology platform to enable ecommerce loan originations Transition to integrated captive financing provider 1H 2022 Integrate corporate functions and commence technology inte
Slide 7: Asset-Light Funding Strategy
asset-light funding strategy vroom will transition UACC to an originate-to-securitize/sell model 0-12 months 12+ months Balance Sheet Treatment Whole loans originated pre-closing to be either sold via a portfolio sale or removed from the balance sheet utilizing a gain on sale securitization transact
Slide 8: Uplift to Financial Model
uplift to financial model unit sales increases ecommerce unit sales average selling price Reduces ASP through initial acceleration of non-prime sales revenue accelerates total revenue growth gross profit enhances aggregate gross profit and GPPU profitability Leverages fixed cost base
Slide 9: Transaction Summary
Transaction summary structure Acquisition whereby united auto credit corp. (UACC), and related entities, will become wholly owned by Vroom consideration* $300mm cash consideration expected closing Expected to close late fourth quarter of 2021 or first quarter of 2022, subject to regulatory approvals
Slide 10: Vroom Investment Highlights
Vroom investment highlights market Massive and ripe for disruption, supports multiple winners value proposition Frictionless ecommerce, data obsessed, national scale business model Scalable, asset-light, and flexible leadership Experienced and culture builders competitive differentiation Difficult t
Slide 11: Thank You!
thankyou! »Q@ ‘e-2n2t vroamian ign veseeved: