Slide 1: Vroom Third Quarter 2024 Earnings
Vroom third quarter 2024 earnings november 2024
Slide 2: Forward Looking Statements
disclaimer Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking
Slide 3: Vroom Overview
vroom overview following the wind-down of our ecommerce operations, vroom’s business is comprised of uacc and carstory. uacc is an indirect lender that offers vehicle financing to consumers through third-party dealers under the uacc brand, focusing primarily on the non-prime market. carstory is a le
Slide 4: Third Quarter Results
third quarter results 3rd quarterkey performance indicators $51M Cash and Cash Equivalents(1) $33M of excess liquidity available to UACC under the warehouse lines (receivables that could be pledged to draw cash from warehouse lines) $825M UACC total Warehouse Capacity, $322M outstanding borrowings,
Slide 5: 3rd Quarter Cash and Cash Equivalents
3rd quarter cash and cash equivalents 3rd quarter cash and cash equivalents(1) $35 $63 ($35) $2 $51 ($14) 6/30/24 Cash and Cash Equivalents (1) Net Interest Income Operating Expenses Change in Securitization and Warehouse Debt Discontinued Operations and Other 9/30/24 Cash and Cash Equivalents (1) n
Slide 6: 12 and 48 Month Cumulative Net Loss Model
12 and 48 month cumulative net loss model (1) (2) Cumulative Net Loss (CNL) Proprietary Model vs. Actual Losses Covid Stimulus Credit tightening (Orange) Multivariate 12 Month CNL Model correlates to (Gray) Actual 12 Month CNL correlates to Yellow Actual 48 Month CNL 48 Month CNL 12 Month CNL (Excel
Slide 7: Vroom Appendix
Vroom appendix
Slide 8: Segment Financials
segment financials (1) Adjusted EBITDA is a Q3-2024 Q2-2024 UACC CarStory Corporate Total UACC CarStory Corporate Total Interest income $ 50,801 $ - $ (588) S 50,213 $ 52,389 $ - S (527) $ 51,862 Interest expense: Warehouse credit facility 6,251 — — 6,251 6,986 — — 6.986 Securitization debt 9.096 —
Slide 9: Reconciliation of Non-GAAP Financial Measures
reconciliation of non-gaap financial measures EBITDA and Adjusted EBITDA We calculate EBITDA as net loss before interest expense on corporate debt, interest income on cash and cash equivalents, income tax expense and depreciation and amortization expense. We calculate Adjusted EBITDA as EBITDA adjus