Heritage Global Inc. · NASDAQ:HGBL
Heritage Global — Q1 2026 Earnings Presentation
13 slides from Heritage Global's earnings presentation, May 7, 2026
Slide 1: Leader in Valuing and Monetizing Industrial & Financial Assets
Leader in Valuing and Monetizing Industrial & Financial Assets Investor Presentation NASDAQ: HGBL
Slide 2: Forward Looking Statements
Forward Looking Statements NASDAQ: HGBL This communication includes forward-looking statements based on our current expectations and projections about future events. All statements contained in this communication other than statements of historical fact, including any statements regarding our future
Slide 3: Who We Are
Who We Are NASDAQ: HGBL Heritage Global Inc. (“HG”) is a renowned asset-based market maker that creates liquidity in secondary markets for industrial corporations and financial institutions through two main business units: • Industrial Assets • Financial Assets Specialties consist of acting as an ad
Slide 4: Two Divisions with Multiple Revenue Streams
Two Divisions with Multiple Revenue Streams NASDAQ: HGBL Heritage Global Inc. (“HG”) values and monetizes industrial & financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets through its Industrial Assets and Financial Assets business
Slide 5: Strategic Acquisition of DebtX
Strategic Acquisition of DebtX NASDAQ: HGBL DebtX is a leading loan sale advisor providing end-to-end valuation and sale execution for performing and non-performing loan portfolios across Commercial & Industrial, Commercial Real Estate, multifamily, and residential real estate. Portfolio Deal Analys
Slide 6: Capital Allocation & Growth Priorities
Capital Allocation & Growth Priorities NASDAQ: HGBL Strategic priorities to drive shareholder value Expand transaction volume Pursue selective, accretive across Industrial and acquisitions aligned with Financial Assets core capabilities (e.g., DebtX) Deepen institutional Maintain strong liquidity an
Slide 7: Positioned to Perform in an Up or Down Economy
Positioned to Perform in an Up or Down Economy NASDAQ: HGBL HGBL benefits from activity drivers in both favorable and stressed market environments: Industrial Financial • Consolidation, automation, facility changes • Consumer credit stress and charge-offs • Downsizing and restructuring activity • Di
Slide 8: Reasons to Buy HGBL Now
Reasons to Buy HGBL Now NASDAQ: HGBL Near-Term Growth Drivers Business Model Advantages • Strong balance sheet provides • High barriers to entry driven by financial flexibility and supports HGBL trusted brokerage relationships, monetization of surplus and non- data security, and execution core asset
Slide 9: Reasons to Buy HGBL for the Future
Reasons to Buy HGBL for the Future NASDAQ: HGBL Enduring Client Relationships UILT HGBL maintains long-standing relationships with Fortune 500 pharmaceutical, B aerospace, and retail companies that drive recurring asset monetization programs. Durable Capital Base Strong liquidity and financial flexi
Slide 10: Financial Data Summary
Financial Data Summary Legacy of Asset Solutions
Slide 11: Financial Performance
Financial Performance NASDAQ: HGBL Profitability 2025 Year in Recap Balance Sheet • Prior limited large-scale industrial auction and liquidation opportunities, with a favorable As of 12.31.25 • Proven track record of profitability outlook going forward alongside widespread • Attractive margin profil
Slide 12: Reconciliations of Non-GAAP Measures
Reconciliations of Non-GAAP Measures NASDAQ: HGBL Reconciliation of EBITDA and Adjusted EBITDA (Non-GAAP Measures)1 Twelve Months Ended ($ thousands) December 31, 2025 2024 Net income $ 3,587 $ 5,182 Add back: Depreciation and amortization 472 591 Interest (income) expense, net (134) 93 Income tax e
Slide 13: Ross Dove, CEO and IMS Investor Relations
Ross Dove, CEO rdove@hginc.com IMS Investor Relations InvestorRelations@hginc.com Legacy of Asset Solutions