Lazydays — Investor Presentation (August 2021)
17 slides from Lazydays's investor presentation, Aug 10, 2021
Slide 1: Lazydays RV Investor Presentation | August 2021
Lazydays RV THE RV AUTHORITY Investor Presentation | August 2021
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: Lazydays at a Glance
Lazydays at a Glance Lazydays is a premium and fast growing RV dealer platform in North America KEY STATS (1) m Recognized destination for new and used RV sales, offering knowledge and reputation as an RV industry leader across motorized and towable categories =~ ~=Complementary high-margin revenue
Slide 4: 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 Experienced Acquiror in a Highly Fragmented Market Recognized as the #2 RV dealership brand in the industry Developed
Slide 5: Industry Leading Provider of Recreational Vehicles
Industry Leading Provider of Recreational Vehicles “ RECREATIONAL VEHICLES RETAIL UNIT MIX @ Provides a comprehensive portfolio of products, services, third-party protection plans and resources for RV enthusiasts =~ Maintains broad and growing RV product offering — more sed than 25 OEM brands = Deve
Slide 6: 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 2021 Q2 LTM BUSINESS MIX m One of the largest selections of various branded Other o
Slide 7: Lazydays Growing Footprint
Lazydays Growing Footprint Strategically located dealerships across the U.S. NATIONAL DEALERSHIP NETWORK m Premier national RV dealership destination LazydaysRV jeadquarters THE RV AUTHORITY m Recognized RV dealership brand— #2 among a national audience!) , with leverageable scale and marketing abil
Slide 8: 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 social distanced outdoor travel and leisure activities DEMOGRAPHICS, PARTICIPATION AND LIFESTYLE TRENDS SUPPORT LONG-TERM RV MARKET GROWTH a oe 20%+ 18,000 a ae : i mB” qr % S June 2020
Slide 9: Industry Fundamentals Provide Favorable Long-Term Backdrop
Industry Fundamentals Provide Favorable Long-Term Backdrop Healthy fundamentals and secular trends support sustainable growth RV Participation @ RV participation rising with ownership as new entrants grow Wm U.S.Houscholds sm Percentage of U.S. Households 2 412. S55 a « F 10.0 @ Initial stages of ba
Slide 10: Proven Acquisition Growth Strategy
Proven Acquisition Growth Strategy Continued acquisition expansion with attractive value creation opportunities STRATEGIC RATIONALE / M&A PLAYBOOK Attractive Purchase Multiples Effective means of allocating capital Highly Fragmented Market through accretive acquisitions 2,300+ Targets Expand Geograp
Slide 11: Summary Financial Performance
Summary Financial Performance REVENUE GROSS PROFIT $246.0 $1,006.1 2018 2019 2020 2021 Q2 LTM 2018 2019 2020 2021 Q2 LIM Gross Profit Margin 21.7% 20.5% 21.9% 24.4% ADJUSTED EBITDA CASH FLOW FROM OPERATIONS $103.2 $111.1 $111.1 $59.0 $32.4 $27.9 $28.0 $11.0 2018 2019 2020 2021 Q2 LTM 2018 2019 2020
Slide 12: Q2 2021 Quarterly Performance
Q2 2021 Quarterly Performance REVENUE GROSS PROFIT 7 ~51% YoY Growth $214.0 2 2020 a2 2021 ADJUSTED EBITDA __— 177% YoY Growth 22 2020 a2 2021, Adjusted EBITDA Margin 7.0% 12.8% $86.4 ____. 98% Yor Growth ———7” Gross Profit Margin _ 022020 20.4% 26.8% Q2 2020 2 2021 Lazydays RV THE RV AUTHORITY
Slide 13: Strong Balance Sheet and Significant Financial Flexibility
Strong Balance Sheet and Significant Financial Flexibility (S in millions) Q2 2021 FY 2020 Cash $104.3 $63.5 Accounts Receivable (Net) 38.2 19.5 ATTRACTIVE FINANCIAL PROFILE meOtONy, He oe =~ = Well-capitalized for both organic Other Current Assets 41 4.6 bah fu Total Current Assets $233.9 $203.9 an
Slide 14: Appendix
Appendix Lazydays RV THE RV AUTHORITY’
Slide 15: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA (S in thousands) 2021 Q2 LTM 2020 2019 Net Income $40,070 $714 Interest expense, net 7,261 8,047 10,328 Depreciation and amortization of property 7,438 6,682 6,848 and equipment Amortization of intangible assets 5,075 4,580 3,965 Income Tax Expense 21,501 10,364 1,0
Slide 16: Capital Structure
Capital Structure (a) (2) Page 14 Q2 Positi Total Insiders / Stakeholders 3,505,655 Other / Unknown Shareholders 7,348,822 Total Shares Outstanding 10,854,477 Prefunded Warrants (300,357 shares as of June 30,2021. Exercise price of $.01, converted 1 for 1) 300,357 Warrants (Exercise price of $11.50.
Slide 17: THE RV AUTHORITY
THE RV AUTHORITY®
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