Live Ventures Incorporated · NASDAQ:LIVE
Live Ventures — Investor Presentation (December 2023)
19 slides from Live Ventures's investor presentation, December 2023
Slide 1: A Diversified Holding Company Investor Presentation
A Diversified Holding Company Investor Presentation December 2023
Slide 2: Disclaimers
2 Disclaimers FORWARD-LOOKING STATEMENTS The words “Live Ventures,” “company” or “Company” refer to Live Ventures Incorporated and its wholly-owned subsidiaries. This presentation contains "forward- looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E o
Slide 3: Key Investment Highlights
3 Key Investment Highlights Driving Shareholder Value: • Solid growth, profitable, free cash flow, no capital raises from stock issuance since 2014 Live Ventures is a diversified holding company with a strategic focus on • Experienced acquirer and manager of U.S. based middle-market value-oriented a
Slide 4: Share Price Performance & Equity Overview
4 Share Price Performance & Equity Overview 3-Year Performance EQUITY OVERVIEW (as of 12.01.23) LIVE vs Nasdaq Composite Price Per Share: $26.07 52-Week Range: $22.81 - $40.38 Shares Outstanding: 3.16 M Market Cap: $87 M Total Assets: $360 M Stockholders’ Equity: $104 M LIVE up 113% Revenues (ltm):
Slide 5: Acquisition & Capital Allocation
5 Acquisition & Capital Allocation Acquisition Strategy: Capital Allocation Strategy • Target companies with annual earnings between $5 and $50 million • Closely held or family-founded businesses with a strong culture and management team that is looking to continue operating the Capital business Inv
Slide 6: Differentiators
6 Differentiators Long-term focused, Strategic focus on Value-oriented with Buy-Build-Hold acquiring U.S.-based focus on accretive strategy middle market acquisitions growth companies, industry-agnostic Patient capital with Investment in Growing, diversified opportunities to invest existing platform
Slide 7: Annual Revenue & Adjusted EBITDA Growth
7 Annual Revenue & Adjusted EBITDA Growth 24% CAGR 23% CAGR $45 $273 $287 $38 $200 $193 $192 $26 $152 $23 $18 $79 $11 $10 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Revenue Adjusted EBITDA (in millions) (in millions) See Appendix f
Slide 8: Recent Financial Performance
Recent Financial Performance 8 ($ in millions, except per share) Q3 FY 2023 Revenue Adjusted EBITDA Diluted EPS $91.5 $9.6 $8.8 $1.11 $0.33 $68.3 FY Q3 2022 FYQ3 2023 FY Q3 2022 FY Q3 2023 FY Q3 2022 FY Q3 2023 Nine Months Ended June 30, 2023 FY 2023 Revenue Adjusted EBITDA Diluted EPS $251.6 $31.2
Slide 9: Diverse Portfolio - Main Platform Investments
9 Diverse Portfolio - 4 Main Platform Investments $291M Total Invested YTD 2023 % of total Revenue by YTD 2023 Adjusted EBITDA as % of Segment Revenue by Segment Retail-Flooring 19.2% Corporate 1.0% Retail-Entertainment 24.0% Retail Flooring Flooring Manufacturing 33.4% Retail Entertainment Flooring
Slide 10: Portfolio Timeline
10 Portfolio Timeline 2015 acquired Marquis 2016 acquired Vintage 2020 acquired Precision 2022 acquired The Kinetic 2023 acquired Flooring Industries Stock Marshall Co. Liquidators; Harris Flooring Group; and Precision Metal Works Flooring Manufacturing Retail Entertainment Steel Manufacturing Retai
Slide 11: Marquis Industries (Flooring Manufacturing) - Case Study
11 Marquis Industries (Flooring Manufacturing) - Case Study • Year Acquired: 2015 $130.9 $14.2 • Purchase price: ~$30 million, including ~$10 million $72.5 $6.5 in net operating loss carryforward • EV/EBITDA ~3.8X FY 2016 FY 2022 FY 2016 FY 2022 • At purchase: Revenue Operating Income • Revenue ~$60
Slide 12: Vintage Stock (Retail Entertainment) - Case Study
12 Vintage Stock (Retail Entertainment) - Case Study $86.2 $12.6 • Year Acquired: 2016 $76.1 $11.2 • Purchase price: $60 million • EV/EBITDA ~4.3X FY 2017 FY 2022 FY 2017 FY 2022 • At purchase: Revenue¹ Operating Income¹ in Millions in Millions • Revenue ~$65 million • EBITDA ~$14 million ¹ FY 2016
Slide 13: Precision Marshall (Steel Manufacturing) – Case Study
13 Precision Marshall (Steel Manufacturing) – Case Study • Year acquired: July 2020 $60.6 $8.9 • Purchase price: $31.5 million • EV/EBITDA ~7.0X $8.0 $0.2 • At purchase: FY 2020 FY 2022 FY 2020 FY 2022 • Revenue ~$41 million Operating Income Revenue • EBITDA ~$4.4 million in Millions in Millions • F
Slide 14: Investment Oversight / Management
14 Investment Oversight / Management Jon Isaac Founder of the Isaac Capital Group, LLC, a privately held investment company, and the strategic investor behind Live Ventures. Mr. Isaac acquired the then named LiveDeal, a struggling President & company, in late 2011 and in 2015 repurposed Live Venture
Slide 15: Key Investment Highlights
15 Key Investment Highlights Solid growth, profitable, free cash flow, no capital raises from stock issuance since 2014 Experienced acquirer and manager of middle-market companies Track record of growth and building shareholder value through excellence in operations and disciplined capital allocatio
Slide 16: 325 E Warm Springs Rd #102 Las Vegas, NV 89119 Phone: 725.500.5597
325 E Warm Springs Rd #102 Las Vegas, NV 89119 Phone: 725.500.5597 Email: gpowell@liveventures.com
Slide 17: Appendix
Live Ventures Incorporated Appendix NASDAG:LIVE
Slide 18: Non-GAAP Financial Information Adjusted EBITDA
Non-GAAP Financial Information Adjusted EBITDA The following table provides a reconciliation of Net (loss) income to total Adjusted EBITDA for the periods indicated: FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Net (loss) income $ 17,954 $ 6,502 $ 5,923 $ (4,012) $ 10,659 $ 31,017 $ 24,74
Slide 19: Non-GAAP Financial Information Adjusted EBITDA
Non-GAAP Financial Information Adjusted EBITDA The following table provides a reconciliation of Net income to total Adjusted EBITDA for the periods indicated:
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