Lazydays — Investor Presentation (May 2022)
17 slides from Lazydays's investor presentation, May 31, 2022
Slide 1: Lazydays RV Investor Presentation May 2022
Lazydays RV THE RV AUTHORITY Investor Presentation | May 2022
Slide 2: Legal Disclaimer
Legal Disclaimer Cautionary Statement Regarding Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company, its financial condition, its results of operations and the Company's cu
Slide 3: RV is a Large Market with Strong Growth Momentum
RV is a Large Market with Strong Growth Momentum RV market is experiencing unprecedented demand as consumers seek outdoor travel and leisure activities DEMOGRAPHICS, PARTICIPATION AND LIFESTYLE TRENDS SUPPORT LONG-TERM RV MARKET GROWTH fis 10, RVing Has g bs 9 8%+ 18,000 Significant ae ‘21 Retail Vo
Slide 4: The RV market continues to experience unprecedented demand
The RV market continues to experience unprecedented demand as consumers seek outdoor travel and leisure activities Fundamental Change in the Way Americans Travel, Vacation and Live m™ The pandemic pushed millions of new campers outside, and the pull = Overall ownership increase primarily driven by c
Slide 5: Industry Fundamentals Provide Favorable Long-Term Backdrop
Industry Fundamentals Provide Favorable Long-Term Backdrop Healthy fundamentals and secular trends support sustainable growth Growing RV Ownership “Baby Boomer” Retirements Expected to Continue at Increasing Rate Capturing the Trend Toward Active, Outdoor Lifestyles and Vacations Consistent Long Ter
Slide 6: Lazydays at a Glance
Lazydays at a Glance Lazydays is a premium RV dealer platform in North America Recognized destination in the RV community offering high-quality, high-margin KEY STATS (1) products across all motorized and towable categories; strong wholesale purchase capabilities to source late model year, high-qual
Slide 7: Investment Highlights
Investment Highlights Industry Leading Brand Achieved through 40+ Year Operating History Long-Term Secular RV Industry Growth Substantial Organic and Margin Enhancement Opportunities Commitment to Geographic Expansion Recognized as a leading RV dealership brand in the industry Developed a reputation
Slide 8: Industry Leading Provider of Recreational Vehicles
Industry Leading Provider of Recreational Vehicles RECREATIONAL VEHICLES RETAIL UNIT MIX m Provides a comprehensive portfolio of products, services, third-party protection plans and resources for RV enthusiasts Pre- owned 39% =~ = Maintains large and growing RV product offering — more than 25 OEM br
Slide 9: Diverse RV Revenue and Profitability Streams
Diverse RV Revenue and Profitability Streams Multiple profitable and diverse business lines spanning the RV ownership lifecycle, positioning Lazydays for long-term profitability growth as the RV population base grows 2022 Q1 LTM BUSINESS MIX Other = One of the largest selections of various branded 1
Slide 10: Lazydays Growing Footprint
Lazydays Growing Footprint Strategically located dealerships across the U.S. m= Premier national RV dealership destination NATIONAL DEALERSHIP NETWORK m Recognized RV dealership brand with leverageable scale and marketing ability m Strong network of RV Industry Association certified techs =~ ~=Compa
Slide 11: Summary Financial Performance
Summary Financial Performance REVENUE GROSS PROFIT $366.2 $330.7 $1,235.0 $1,340.2 $817.1 $179.0 $644.9 $132.2 2019 2020 2021 2022 Q1 LTM 2019 2020 2021 2022 Q1LTM Gross Profit Margin 20.5% 21.9% 26.8% 27.3% ADJUSTED EBITDA ADJUSTED CASH FLOW FROM OPERATIONS') $161.8 $144.9 $59.0 $75.9 $86.8 $51.7 |
Slide 12: Q1 2022 Quarterly Performance
Q1 2022 Quarterly Performance REVENUE GROSS PROFIT ~55% YoY Growth —_ ~39% YoY Growth 39% Yo! an 2 — $99.2 $271.0 $64.1 Qi 2021 Qi 2022 Qi 2021 Qi 2022 Gross Profit Margin 23.7% 26.4% ADJUSTED EBITDA ADJUSTED CASH FLOW FROM OPERATIONS”) —— ~61% YoY Growth ae if 7 $27.8 wth 131% YoY Gro $20.7 $9.8 Qi
Slide 13: Strong Balance Sheet and Significant Financial Flexibility
Strong Balance Sheet and Significant Financial Flexibility (S in millions) Qi 2022 FY 2021 Cash $89.6 $98.1 Accounts Receivable (Net) 516i 30.6 Inventory 284.0 242.9 = Other Current Assets 2.6 4.0 PP&E (Net) 126.4 120.7 Goodwill & Intangibles 166.4 168.1 . Other Assets 32:2 33.6 Total Assets $752.8
Slide 14: Appendix
Appendix Lazydays RV THE RV AUTHORITY™
Slide 15: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA (S in thousands) 2022 QILTM 2021 2020 Net Income $101,461 $82,021 Interest expense, net 9,546 8,500 8,047 Depreciation and amortization of property 8,719 8,386 6,682 and equipment Amortization of intangible assets 6,651 6,025 4,580 Income Tax Expense 31,738 28,242 1
Slide 16: Capital Structure
Capital Structure Qj! Position Total Insiders / Stakeholders 2,695,514 Other / Unknown Shareholders 9,353,559 Total Shares Outstanding 12,049,073 Prefunded Warrants (300,357 shares as of March 31, 2022. Exercise price of $.01, converted 1 for 1) 300,357 Warrants (Exercise price of $11.50. 4,276,380
Slide 17: vdays RV
vdays RV THE RV AUTHORITY’