Marinemax, Inc. (fl) · NYSE:HZO
Marinemax, Inc. (fl) — Q4 2025 Earnings Presentation
21 slides from Marinemax, Inc. (fl)'s earnings presentation, Nov 13, 2025
Slide 1: Q4 FY 2025 Investor Presentation
Q4 FY 2025 Investor Presentation November 13, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events, and may be identified by the use of words such as “anticipate,” “believe,” “contemp
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures This presentation contains “Adjusted net income, “Adjusted diluted EPS,” and “Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization” (“Adjusted EBITDA”), which are non-GAAP financial measures as defined under applicable securities legislation. In determi
Slide 4: MarineMax: A Worldwide Leader in Products, Services, and Experiences
MarineMax: A Worldwide Leader in Products, Services, and Experiences for the Recreational Marine Market • Over 70 boat dealerships featuring more than 30 exclusively marketed boat brands • Portfolio of more than 65 marina and storage locations across 15+ countries, highlighted by flagship brand, IGY
Slide 5: Our Strategic Ambition
Our Strategic Ambition Achieve top-tier market performance as the premier global leader in boating and yachting, offering an unmatched and diverse portfolio of recreational experiences 5
Slide 6: Expanding Leadership Across Diverse Lines of Business
Expanding Leadership Across Diverse Lines of Business Acquisition History Since 2019 New Wave Finance & Product Retail Operations Superyacht Services IGY Marinas Innovations Insurance Manufacturing More Than 20 Acquisitions Since 2019 • >$700 million of combined revenue • Skewed toward higher-margin
Slide 7: Strategic Priorities by Business
Strategic Priorities by Business Finance & Retail Store Superyacht IGY New Wave Insurance Product Operations Services Marinas Innovations Services Manufacturing Strategic Focus Innovation & Value Premium Ecosystem Early-stage Growth & Focused Growth Focused Growth Creation Integration Growth Efficie
Slide 8: Revenue Performance
Revenue Performance ($ in billions) $2.39 $2.43 $2.31 $2.31 $2.06 $1.51 $1.24 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 8
Slide 9: We Provide Customers With a Highly Differentiated Boating Experience
We Provide Customers With a Highly Differentiated Boating Experience More Than 30 Exclusively Marketed Brands, Including: 9
Slide 10: Non-Boat Revenue Streams Have Significantly Expanded Our Margin Profile
Non-Boat Revenue Streams Have Significantly Expanded Our Margin Profile Since 2019 Growth in Non-Boat Sales and Total Gross Margin Improvement (FY19 vs. FY25) FY25 Consolidated Gross Margin: 32.5% FY19 Consolidated Gross Margin: 26.1% 26.2% 15.0% FY 2019* FY 2025 Maintenace and repair Storage and ch
Slide 11: Building Our Technology Footprint by Creating a Seamless Digital Experience
Building Our Technology Footprint by Creating a Seamless Digital Experience for Customers Leveraging digital and Introduced award-winning Soundings Trade Only Newly formed entity, New marketing analytics, plus, MarineMax App, to give ”Most Innovative Marine Wave Innovations, serves artificial intell
Slide 12: Our Leadership Team Has Deep Industry Experience
Our Leadership Team Has Deep Industry Experience Across Economic and Market Cycles Brett McGill Mike McLamb Shawn Berg Anthony Cassella Chief Executive Officer and Executive Vice President, Chief Executive Vice President, Executive Vice President Finance President Financial Officer and Secretary Chi
Slide 13: Strategy for Unlocking Additional Value-Creation Potential
Strategy for Unlocking Additional Value-Creation Potential Pillar 1 Pillar 2 Pillar 3 Leverage Strengths & Expand Footprint via Drive More Efficient Innovation Prudent M&A Operations F O U N D AT I O N A L E N A B L E R S Culture of Customer Excellence + Disciplined Capital Allocation + Strong Gover
Slide 14: Delivering Meaningfully on Long-Term Strategic Plan
Delivering Meaningfully on Long-Term Strategic Plan Strengthening Driving More Improving Our the Portfolio Efficient Operations Financial Profile ✓ Completed 20 acquisitions since 2019 ✓ Rationalizing store base in ✓ Achieved >30% gross margins – roughly $700M of high-margin support of expense vs. h
Slide 15: Q4 FY 2025 Commentary
Q4 FY 2025 Commentary • Revenue decreased 1.9%, primarily due to portfolio rationalization efforts and more challenging industry retail environment. • Growth in used boat sales, F&I, parts and service, and superyacht operations—including IGY—drove a 2.3% increase in comparable-store revenue. • Conso
Slide 16: Q4 FY 2025 Financial Performance
Q4 FY 2025 Financial Performance Revenue Gross Margin Key Messages 2025 $552.2M 2025 34.7% Lower revenue primarily reflected 2024 $563.1M 2024 34.3% portfolio rationalization efforts, as well as a more challenging industry retail environment . Income from Operations Adjusted EBITDA* Increased gross
Slide 17: FY 2025 Financial Performance
FY 2025 Financial Performance Revenue Gross Margin Key Messages 2025 $2.31B 2025 32.5% Revenue and comparable–store 2024 $2.43B 2024 33.0% revenue decreased 5% and 2.1%, respectively, primarily due to the more challenging industry retail Income from Operations environment. Adjusted EBITDA* Income fr
Slide 18: Balance Sheet Highlights as of September 30, 2025
Balance Sheet Highlights as of September 30, 2025 Key Messages Cash and cash equivalents Inventories YoY decrease in cash and cash 2025 $170.4M 2025 $867.3M equivalents was due to the settlement of contingent 2024 $224.3M 2024 $906.6M acquisition consideration payments, significant share repurchases
Slide 19: Appendix
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Slide 20: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation MarineMax, Inc. and Subsidiaries Supplemental Financial Information (Amounts in thousands) (Unaudited) Three Months Ended Year Ended September 30, September 30, 2025 2024 2025 2024 Net (loss) income attributable to MarineMax, Inc. $ (854) $ 3,999 $ (31,631) $ 38,066 In
Slide 21: Adjusted Net (Loss) Income Reconciliation
Adjusted Net (Loss) Income Reconciliation MarineMax, Inc. and Subsidiaries Supplemental Financial Information (Amounts in thousands, except share and per share data) Three Months Ended Year Ended (Unaudited) September 30, September 30, 2025 2024 2025 2024 Net (loss) income attributable to MarineMax,