Melar Acquisition Corp. I · NASDAQ:MACI
Melar Acquisition Corp. I — Melar Acquisition Corp. I/Cayman — SPAC Merger (September 2026)
35 slides from Melar Acquisition Corp. I's SPAC merger presentation, Sep 18, 2026
Slide 1: Everli 2026
YY everli 2026
Slide 2: Disclaimer (1 of 2)
Disclaimer (1 of 2) Disclaimers and Other Important Information This presentation (this “Presentation’) is being furnished solely to recipients that are “qualified institutional buyers" as defined in Rule 144A of the Securities Act of 1933, as amended (the “Securities Act’), or institutional “accred
Slide 3: Disclaimer (2 of 2)
Disclaimer (2 of 2) Forward-looking statements are predictions, projections and other statements about future events or conditions that are based on current expectations and assumptions and, as a result, ae subject to risks and uncertainties. Many factors could cause actual future events to differ m
Slide 4: Building Europe's leading marketplace for online groceries
Building Europes leading marketplace for online groceries Asset-light by design: our shoppers buy in partner stores, no inventory, no warehouses, no fleets. Focused on Italy, holding a position for its shift online that we believe no one else does. Massive Untapped Market Italy: EU's 3rd-largest eco
Slide 5: Company Overview
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Slide 6: How Everli Works
How Everli Works 2 1 3 Browse (almost) Any Store Browse almost all top Italian grocery stores full catalogs from Everlis App or Web Checkout Checkout and select delivery preference from within 2 hours to scheduled days in advance Everli Shopper Fulfills Order Our union certified shopper goes to the
Slide 7: The marketplace taking Italian grocery online, at national scale
~$78M GTV 25 ~1,150 Stores 95 Retailers The marketplace taking Italian grocery online, at national scale 1 ~769k Orders Delivered 25 928 Average Weekly Shoppers 60+ Provinces Covered1. GTV consists of orders completed through Everli platforms and related earned fees, net of VAT, tips and adjustments
Slide 8: The Largest Retailer Network in Italy
The Largest Retailer ( Network in Italy 1 89%+ Market coverage 2 Top 13 grocery groups and 95 retail partners in total are live on Everli.1. Based on internal analysis of publicly available data from Glovo, Deliveroo, Just Eat, and Amazon Fresh; focused on supermarkets, modern grocery distribution (
Slide 9: Why Retailers Love Us
Overview | Why Retailers Love Us Retailers Get Online Sales Without Lifting a Finger Everli takes retailers online and runs every order end to end: no staff, no infrastructure, no operational changes. Everli drives e-commerce volume using retailers existing footprint Everli shoppers fulfill orders e
Slide 10: The Regulatory Moat
Overview | The Regulatory Moat Compliance isn't our cost. It's our license to scale. Everli holds the only union agreement in Italian gig delivery. Our labor model is an asset we deploy, fair pay included. Rival models face billions of euros in claims; the two largest have been under judicial admini
Slide 11: Our Business Model
Overview | Our Business Model We make money ( in 4 ways with a ~21% ( take rate per order 1 Commission from Retailers (on store receipt) Product Markup (policy on shelf price) Service & Delivery Fees Advertising and Brand Partnerships (~$1.3/order) 1. Take rate calculated as net revenue divided by G
Slide 12: Market Opportunity
2 Market Opportunity 12
Slide 13: Italian Retail Market
Market Opportunity | Italian Retail Market The e-grocery market is quickly growing and becoming a huge opportunity to ¬12.1B by 2030 Online grocery share by country 1, 2, 4 Italian e-grocery market opportunity size 1, 2, 3 Market Size (bn$) 1.1 2019 2020 2021 2022 2023 2024 2024 12.5% 11.0% 9.4% 2.6
Slide 14: Competitor analysis: Three models compete in Italian e-grocery
Market Opportunity | Competitor analysis Three models compete in Italian e-grocery. None were built for it. Traditional Retailers - built for stores, not screens E-commerce demands tech, logistics and fulfillment far outside their core Where they self-operate: limited slots, slower windows, subscale
Slide 15: Everli is the model built for Italian e-grocery
Market Opportunity | Competitor analysis Everli is the model built for Italian e-grocery. We don't replace or compete with Italy's grocers ( we're the layer that takes them online. Their stores, their trust, our platform Retailers keep the brand, trust and shelves; Everli is the tech layer and natio
Slide 16: Italian Market Opportunity
Market Opportunity | Italian Market Opportunity In 2030, 25% of Italyˇs online grocery sales is about ( ¬3B a year. One marketplace holds that share in America. We are built to hold it here. Everli potential per year, at 25% market share in 2030 ¬3B 2 ¬12.1B Online Grocery, ( Italy 2030 1 The retail
Slide 17: wT | F
wT | F (Mma everil Weverli
Slide 18: Growth Strategy Overview: Growth Pillars
Growth Strategy | Overview Growth Pillars 1 Logistics Accelerate fulfillment growth & strengthen network efficiency to capture scale advantages 2 Technology Build scalable, best-in-class product to be clear market leader in Europe 3 White-label Offer 360° e-commerce, tech & logistics to retailers, u
Slide 19: Logistics: Demand exceeds our current supply capacity
Growth Strategy | Logistics Demand exceeds our current supply capacity Same-day delivery slots in major cities sell out by 3PM. Some of that demand shifts to later days and some is lost; the constraint is capacity, not demand. Additional investment in logistics allows Everli to capture demand spikes
Slide 20: Technology: A completely new Everli platform
Growth Strategy | Technology A completely new Everli platform, launched Q2 2026 The Everli platform was a decade old: difficult to change, slow to ship, and customers felt it. We replaced it: web, mobile, and the infrastructure behind them, rebuilt from the ground up, built for experience and built
Slide 21: Investing in automation, AI and intelligence
Growth Strategy | Technology We invest in automation, AI and intelligence across the platform, designed to scale volume faster than costs Grocery marketplaces win on cost discipline, and engineering it in is Everli's next focus: automation and intelligence applied to how orders are routed, to the en
Slide 22: Every retailer wants online growth
Every retailer wants online growth. ( No retailer's margin can pay for it. The best grocers spent a hundred years getting good at one hard thing. The internet handed them three more: a storefront, a delivery network, an app that has to feel world-class and stay that way. All of it funded from a mark
Slide 23: White-label powered by Everli
Growth Strategy | White-label powered by We built grocery ( e-commerce end to end. White-label now sells it under a retailer's brand. Retailers want e-commerce under their own banner, with traffic and loyalty they own. ( White-label delivers it, storefront to doorstep, on Everli's platform and shopp
Slide 24: Financial Overview
4 Financial Overview 24
Slide 25: At a Glance
Financial Overview | At a Glance $745 97% Annual GTV per Customer 1 Orders with no Everli discount applied 2 $101.72 GTV / Order 2.13 Orders / Month / User Fees $3.55 Customer Acquisition Cost( (Blended) All figures sourced from full-year 2025 financials 1. FY2025 GTV ($77.9M) divided by customers w
Slide 26: Single-Order COGS & Gross Profit
Financial Overview | Single-Order COGS & Gross Profit€ $ 21.77 ($ 18.72) ($ 1.31) Payment ( Processing Current Gross Profit Margin of ~7%, with union cost absorbed, and per-order profit rising from here. Model has been rebuilt and the cost of the union agreement absorbed into today's ~7% margin. Aut
Slide 27: 2025 Financial Results
Financial Overview | 2025 Financial Results All figures sourced from full-year 2025 financials $000, except total orders GTV Total orders Transaction Revenues (commission, markup, delivery & service fees) Advertising and Brand Partnerships Promotions & discounts (net of revenue) Net revenues Shippin
Slide 28: Whitelabel Transaction Overview
Whitelabel 5 Transaction Overview 28
Slide 29: Why now? Why Everli?
Transaction Overview | Why now? Why Everli? Why go public now Market Readiness Italian retail is still under-digitized at 2.5% penetration, but customer behavior is shifting rapidlyEverli is poised to lead Inflection Point Everli completed a strategic reset in 2024 under new leadership, establishing
Slide 30: Pro Forma Valuation | No Redemptions scenario
Transaction Overview | Pro Forma Valuation | No Redemptions scenario Pro Forma Overview 3 PIPE Investment Pro Forma Overview $ in Millions, except per share Pro Forma Shares Outstanding 1, 2 Per Share Price Pro Forma Equity Value (-) Net Cash Pro Forma Enterprise Value 31,295,545 $10.00 $313.0 ($69.
Slide 31: Team
Transaction Overview | Team Salvatore Palella Chairman & CEO Tech entrepreneur with proven track record in innovative solutions Founder & Former CEO of Helbiz, a micro-mobility solutions company aiming to revolutionize urban transportation through electric scooters and bikes Acquired Everli in Febru
Slide 32: Thank you
thank you NY) everli
Slide 33: Appendix
Appendix 33
Slide 34: Retail Partners
Overview Appendix | | Retail Partners Retailer network Top 13 Grocery Groups by Italian Marketshare Marketshare 15.84 % 14.84 % 11.03 % 8.49 % 7.54 % 7.34 % 6.12 % 4.62 % 3.54 % 3.15 % 2.70 % 2.21 % 2.07 % 89.49 % Selex on Conad on Coop on VeGé Group on Eurospin on Esselunga on LIDL on Agorà on Carr
Slide 35: Expansion Phase
Appendix | Expansion Phase 11 Phase 2 Establish strong market leadership by powering both our marketplace and retail partners, securing long- term ownership of the eGrocery space with barriers of entry Expand internationally into select European markets where achieving a clear #1 position is attaina
Melar Acquisition Corp. I/Cayman — SPAC Merger (September 2026) on 6ix