Growgeneration Corp. · NASDAQ:GRWG
Growgeneration — Investor Presentation (August 2021)
13 slides from Growgeneration's investor presentation, Aug 12, 2021
Slide 1: Investor Presentation August 12, 2021
1 INVESTOR PRESENTATION August 12, 2021
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation is being provided for information purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any of the Company’s securities. This presentation is not intended, nor should it be distributed, for advertising purposes, nor i
Slide 3: Snapshot and Business Overview
Ticker: GRWG (NASDAQ) Headquarters: Denver, CO FY 2020 Revenue: $ 193.0M (+143% YoY) First Half ‘21 Revenue: $ 216.0M 2021 Revenue Guidance: $455M - $475M 2021 EBITDA Guidance: $54M - $58M ▪ Founded: 2014, public since 2016 ▪ ▪ ▪ ▪ ▪ ▪ ▪ Total Employees: 600+ SUPPLYING CONTROLLED ENVIRONMENT AGRICUL
Slide 4: Controlled Environment Agriculture
WHERE THE PROS GO TO GROW CONTROLLED E N VI R O NM E NT AGRICULTURE 4 • GrowGeneration products help control the indoor environments and allow for 24/7 growing that is not dependent on weather • Allows multiple harvests in any weather environment • Significant reduction in water and other resources
Slide 5: Strategically Located Stores Serve Commercial and Retail Growers
• • • WA ME MT ND OR MN VT NH ID WI MA S D MI N Y CT RI WY PA IA NJ N V N E O H MD UT IL IN DE CO MO WV VA CA KS KY NC TN AZ OK NM AR SC AL GA MI TX LA AK AK FL HI Legal for Medical Use (36) Legal (16) • GrowGeneration Stores (52) Prohibited for Any Use (3) STRATEGICALLY LOCATED STORES SERVE COMMERC
Slide 6: New Super Garden Center Locations Are Commercial Hubs
NEW SUPER GARDEN CENTER LOCATIONS ARE COMMERCIAL HUBS FOR PRIVATE LABEL LOGISTICS, FULFILLMENT AS WELL AS FOOT TRAFFIC growgeneration.com 40,000 to 70,000 Square Feet Super Garden Centers 6 WHERE THE PROS GO TO GROW
Slide 7: Online and Retail Work Together in Inventory and Shipping
ONLINE AND RETAIL WORK TOGETHER IN INVENTORY AND SHIPPING growgeneration.com OMNI CHANNEL APPROACH THAT SEEKS TO PROVIDE CUSTOMERS WITH A SEAMLESS ONLINE SHOPPING EXPERIENCE 7 WHERE THE PROS GO TO GROW
Slide 8: Robust Product Mix Provides Recurring Revenue
growgeneration.com ROBUST PRODUCT MIX PROVIDES RECURRING REVENUE Product Mix by Revenue: 2020 Product Overview Non - Con s u m a b l e s Con s u m a b l e s ~60% 8 WHERE THE PROS GO TO GROW ~40% ▪ Consumables include nutrients soils and additives ▪ Non Consumables include lights, benching, and envir
Slide 9: Big Opportunity in Private Label Products
BIG OPPORTUNITY IN PRIVATE LABEL PRODUCTS 2021 STRATEGY IS TO GROW PRIVATE BRANDS & PRIVATE LABEL OFFERINGS THAT HAVE ATTRACTIVE GROSS MARGINS growgeneration.com Exclusively distributed by GrowGeneration 9 WHERE THE PROS GO TO GROW
Slide 10: Financial Highlights
Projected Revenue FINANCIAL HIGHLIGHTS $ in millions growgeneration.com 2 0 1 7 20 18 2 0 1 9 2 0 2 0E 20 2 1 E $ 80 $29 $ 1 9 3 2021 YTD Revenue $216m Q2 2021 Revenue $126m Same Store Sales +60% Vs $193 million +$43 million Q2 2021 vs in 2020 vs Q2 2020 vs Q2 2020 Garden Centers 58 Up 18 from 2020
Slide 11: 2019 to 2021 Quarterly Revenue Growth
2019 TO 2021 QUARTERLY REVENUE GROWTH GrowGeneration Total Revenue ($000) growgeneration.com 13,087 11 WHERE THE PROS GO TO GROW 19 , 48 3 21 , 77 8 25 , 38 7 61,886 55,046 43,452 32,982 90 , 02 2 12 5, 88 5 - 1Q 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 2 0 , 0 00
Slide 12: 2020 to 2021 Gross Margin Improvements
2020 TO 2021 GROSS MARGIN IMPROVEMENTS growgeneration.com 26.7% 2 6 . 5% 12 WHERE THE PROS GO TO GROW 2 6 . 2% 2 8 . 2% 2 8 . 4% 28.0% 27.5% 2 7 . 1% 2 6 . 0 % 2 5 . 5 % 2 5 . 0 % 2 6 . 5 % 2 7 . 0 % 2 8 . 5 % 2 9 . 0 % 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021
Slide 13: Contact
growgeneration.com Darren Lampert Chief Executive Officer darren@growgeneration.com Denver, CO Tel: 800.935.8420 John Evans Investor Relations j ohn.evans@growgeneration.com 415 - 309 - 0230 13 WHERE THE PROS GO TO GROW Jeff Lasher Chief Financial Officer jeff.lasher@growgeneration.com