Hagerty, Inc. · NYSE:HGTY

Hagerty — Investor Presentation (June 2023)

9 slides from Hagerty's investor presentation, Jun 23, 2023

  1. Slide 1: Investor Update: Capital Raise, June 23, 2023

    1 Investor Update Capital Raise June 23, 2023

  2. Slide 2: Forward Looking Statements / Non-GAAP Financial Measures

    2Proprietary and Confidential Forward Looking Statements / Non-GAAP Financial Measures

  3. Slide 3: Hagerty's strategy is delivering strong growth and improved profitability

    3 Hagerty’s strategy is delivering strong growth and improved profitability Hagerty’s Four Strategic Focus Areas 2022 KPIs Total Revenue growth of 22-26% powered by Written Premium growth of 11-13% → Sustain double-digit Written Premium growth trajectory → Deliver an unmatched online and live Market

  4. Slide 4: Big Market, Small Share Supported by 67mm car enthusiasts in the U.S.

    U.S. Car Enthusiasts 67mm U.S. Collectible Cars2 45mm Hagerty Insured Vehicles3 2.3mm Global Car Enthusiasts1 >500mm Big Market, Small Share Supported by 67mm car enthusiasts in the U.S. Source: Hagerty company reports based on aggregated data of various sources; 1 Per Facebook analytics, members wh

  5. Slide 5: Hagerty Delivers Consistent Double-Digit Written Premium Growth

    Hagerty Delivers Consistent Double-Digit Written Premium Growth Large market opportunity remains given only 4% penetration today, particularly post-1980 enthusiast vehicles 5 Type Total Market (cars, mm) Hagerty Penetration Pre-1981 Classics 11.3 12.1% Post 1980 Collectibles 34.0 1.4% Total ~45.3 4.

  6. Slide 6: Raising Capital to Drive Growth and Value Creation

    6 Raising Capital to Drive Growth and Value Creation $80M of Capital raised at Hagerty, Inc. to support strategic growth initiatives​ Strong sponsorship from existing strategic investors ​ → $50M from State Farm​ → $15M from Markel​ Hagerty family investment of $15M​ Attractive opportunity to deploy

  7. Slide 7: Capital Raise Details: $105M Total

    7 Capital Raise Details: $105M Total $80M in convertible preferred equity​ → 7% dividend​ → Convertible at 25% premium to 10-day pre close VWAP​ $25M in committed debt financing for Hagerty Reinsurance Limited​ → Ten-year, non-amortizing loan at 8% interest rate​

  8. Slide 8: Reconciliation of Non-GAAP Metrics – 2023 Outlook Net Income (Loss) to Adjusted EBITDA

    Reconciliation of Non-GAAP Metrics – 2023 Outlook 8 Net Income (Loss) to Adjusted EBITDA

  9. Slide 9: Never stop driving.

    Never stop driving. HAGERTY.

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