Gigacloud Technology Inc · NASDAQ:GCT
Gigacloud Technology — Q3 2023 Earnings Presentation
17 slides from Gigacloud Technology's earnings presentation, December 2023
Slide 1: Q3 Earnings Presentation
Q3 Earnings Presentation December 2023
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been prepared by GigaCloud Technology Inc (the “Company”) solely for informational purposes and should not be construed to be, directly or indirectly, in whole or in part, an offer to buy or sell and/or an invitation and/or a recommendati
Slide 3: Our Mission Statement
Our Mission Statement GigaCloud is a leading B2B marketplace provider, enabling the future of global commerce With a meticulously developed and comprehensive B2B platform, coupled with decades of experience, GigaCloud serves all large parcel retailers & eCommerce players throughout the world 5 4 3
Slide 4: Financial Highlights
Financial Highlights GigaCloud at a Glance Strong Financials Tremendous Scale Extensive Reach $178.2M / 39.2% $684.8M 741 Revenue / YoY Growth GigaCloud Marketplace GMV Active Sellers Q3’22 to Q3’23 LTM ended 9/30/23 LTM ended 9/30/23 $48.9M / 117.3% 40.8% 43.3% Gross Profit / YoYGrowth GigaCloud Ma
Slide 5: Supplier Fulfilled Retailing: Using Internet to Revolutionize B2B
Supplier Fulfilled Retailing: Using Internet to Revolutionize B2B CURRENT MODEL LAST MILE FACTORY/DISTRIBUTOR Distributor Reseller & END Retailer CUSTOMER Challenges • Too many touchpoints • Prolonged delivery time • Fragmented market Fulfilled by resellers/retailers • Limited SKUs selection GigaClo
Slide 6: Challenges of the Existing Supply Chain Model
Challenges of the Existing Supply Chain Model 1 Too Many Touchpoints 2 Prolonged Delivery Time 3 Fragmented Market 4 Limited SKUs Selection 5 High Inventory Carrying Costs 6
Slide 7: Supplier Fulfilled Retailing: Multi-Directional Trade, Uni-Directional Fulfillment
Supplier Fulfilled Retailing: Multi-Directional Trade, Uni-Directional Fulfillment RESELLER PHYSICAL MOVEMENT ONLY WHEN SOLD 7
Slide 8: The GigaCloud Cycle – Our 1P, 3P, and Logistics
The GigaCloud Cycle – Our 1P, 3P, and Logistics 8
Slide 9: Access to Rapidly Growing Seller and GMV
Access to Rapidly Growing Seller and GMV Active Sellers Increasing Quickly… … Results in Significant Growth in 3P Seller GMV Number of Active Sellers GigaCloud Marketplace 3P Seller GMV (USD in $mm) 741 $369.5 $221.3 517 Q3’22 Q3’23 LTM ended 9/30/22 LTM ended 9/30/23 Expansion of Product Categories
Slide 10: Attractive Buyer Cohort Trends
Attractive Buyer Cohort Trends Key Buyer Trends Q3 2023 Key Statistics GigaCloud Marketplace has witnessed a consistent growth in the spending of active buyers since its establishment 4,602 Active Buyers Buyers who joined in 2022 increased their spend from $43M in Q3’22 Q3’23 to $47M in Q3’23, r
Slide 11: Flexible Trading Tools to Facilitate Transactions
Flexible Trading Tools to Facilitate Transactions 1 Simple Transactions 2 Complex Transactions Drop shipping transactions where GigaCloud picks up Rebate products in GigaCloud warehouse and delivers directly to end customer, without the need for buyer to handle any Margin transaction aspect of
Slide 12: HARDWARE: End-to-End Logistics Capabilities
HARDWARE: End-to-End Logistics Capabilities End-to-End Cross Border FulfillmentCapabilities Extensive N.A. Resources* Strategic locations across North America Close to major ports Proximity to customers Ocean Transportation Shortened delivery time to end consumer Delivery of goods Covering
Slide 13: SOFTWARE: Data Driven Operations AI/ML Empowered
SOFTWARE: Data Driven Operations Data Driven Technology Stack Powered by AI & Machine Learning Drives Incremental Operating Efficiencies End Customer Data Informs purchase behavior and latest Warehousing Data consumer preferences Seller Data Optimizesinventory levels Leverages AI to establish global
Slide 14: Q3 Financial Performance Update
Q3 Financial Performance Update Value shown in charts are in million Total GMV Total Revenue Marketplace Service GMV Revenue Off-Platform 58.3% Product 39.2% GMV Revenue $255.7 $161.5 $46.3 $178.2 $128.0 $29.3 $40.5 $51.5 $209.4 $132.2 $87.5 $126.7 Q3’22 Q3'23 Q3’22 Q3'23 Gross Profit Adj. EBITDA 11
Slide 15: Acquisitions Subsequent to the Quarter Ends
Acquisitions Subsequent to the Quarter Ends* Noble House Home Furnishings LLC is a leading B2B Wondersign is a cloud-based interactive digital distributor of indoor and outdoor home furnishings signage and e-catalog management SaaS company with access to thousands of storefronts across the ▪ Asset a
Slide 16: Our Growth Strategies
Our Growth Strategies Expandable platform with significant avenues for growth with the integration of Noble House & Wondersign Core Businesses Service Offerings Business Reach Tech and Supply Chain Optimization Elevation and Rebrand Enhancement Integrate diverse product Leverage extensive custom
Slide 17: THANK YOU
THANK YOU 17