Gigacloud Technology Inc · NASDAQ:GCT
Gigacloud Technology — Q1 2024 Earnings Presentation
16 slides from Gigacloud Technology's earnings presentation, May 2024
Slide 1: Q1 Earnings Presentation
Q1 Earnings Presentation May 2024
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: Earnings Highlights
Earnings Highlights GigaCloud at a Glance Strong Financials Tremendous Scale Extensive Reach $251.1M / 96.5% $907.7M 865 Revenue / YoY Growth GigaCloud Marketplace GMV Active 3P Sellers Q1’23 to Q1’24 LTM ended 3/31/24 LTM ended 3/31/24 $66.5M / 124.7% 64.0% 43.7% Gross Profit / YoYGrowth GigaCloud
Slide 4: GigaCloud is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise
Our Mission Statement GigaCloud is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise With a meticulously developed and comprehensive B2B platform coupled with decades of industry experience, GigaCloud delivers success to large parcel & ecommerce players throughout
Slide 5: 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 5
Slide 6: Supplier Fulfilled Retailing: Multi-Directional Trade, Uni-Directional Fulfillment
Supplier Fulfilled Retailing: Multi-Directional Trade, Uni-Directional Fulfillment RESELLER PHYSICAL MOVEMENT ONLY WHEN SOLD 6
Slide 7: 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 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) 865 $489.9 602 $285.2 Q1’23 Q1’24 LTM ended 3/31/23 LTM ended 3/31/24 Expansion of Product Categories
Slide 10: Attractive Buyer Cohort Trends
Attractive Buyer Cohort Trends Key Buyer Trends Key Statistics GigaCloud Marketplace has witnessed a consistent growth in the spending of active buyers since its establishment 5,493 Active Buyers Buyers who joined in 2023 increased their spend from $58M in Q4’23 Q1’24 to $71M in Q1’24, resulting
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 fulfillment center and delivers directly to end customer, without the need for buyer to Margin transaction handle any
Slide 12: HARDWARE: End-to-End Fulfillment Strength
HARDWARE: End-to-End Fulfillment Strength End-to-End Cross Border Fulfillment Capabilities 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 1
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 Optimizes inventory levels Leverages AI to establish globa
Slide 14: Q1 Financial Performance Update
Q1 Financial Performance Update Value shown in charts are in million Total GMV Total Revenues Marketplace Service Revenue GMV 97.4% 96.5% Off-Platform Product GMV Revenue $355.3 $180.0 $93.3 $251.1 $127.8 $31.3 $35.1 $67.4 $262.0 $148.7 $92.7 $183.7 Q1’23 Q1'24 Q1’23 Q1'24 Gross Profit Adj. EBITDA 1
Slide 15: Our Growth Strategies
Our Growth Strategies Expandable platform with significant avenues for growth Core Businesses Service Offerings Business Reach Technology Optimization Elevation Acceleration Enhancement Integrate Noble House Leverage extensive Ongoing execution of BaaS Integration of Wondersign‘s business vo
Slide 16: THANK YOU
THANK YOU 16