Openlane, Inc. · NYSE:OPLN
Openlane — Corporate Update (August 2023)
11 slides from Openlane's corporate update, August 2023
Slide 1: Company Overview & Update // August 2023
Company Overview & Update // August 2023
Slide 2: We make wholesale easy so our customers can be more successful
- OUR PURPOSE - We make wholesale easy so our customers can be more successful Company Overview 2
Slide 3: The world’s greatest digital marketplaces for used vehicles
- OUR VISION IS TO BUILD - The world’s greatest digital marketplaces for used vehicles Company Overview 3
Slide 4: Large Addressable Market
Large Addressable Market 60M Retail used (~40M) and wholesale (~20M) vehicle transactions annually 100K Industry marketplace participants: dealers and other commercial sellers and buyers Company Overview 4
Slide 5: OPENLANE: Two Business Segments
OPENLANE: Two Business Segments Marketplace Floorplan business business Company Overview 5
Slide 6: Digital Leader With Deep Strength in Commercial & Dealer
Digital Leader With Deep Strength in Commercial & Dealer 1.3MTotal vehicles $23B Gross merchandise 50K Unique sellers > 200K Average vehicles sold in 2022 value & buyers * offered per month Marketplace Statistics Customer Statistics COMMERCIAL DEALER 50% of 2022 volume 50% 2022 volume 40+ exclusive
Slide 7: Floorplan Business
Floorplan Business Digital leader in independent dealer financing and related services Finance Statistics 1.6M 15K 1.4K 100+ Loan Transaction Unique independent Approved Local branch locations Units in 2022 dealers inventory sources in North America Products & Capabilities Physical / Non-Auction Tit
Slide 8: Accelerating a Future of Innovation & Growth
Accelerating a Future of Innovation & Growth Simplify the Consolidate Focus Accelerate Enable growth customer platforms & strategy & innovation & product & improve experience manage costs investments development stockholder value Company Overview 8
Slide 9: OPENLANE 2Q23 Highlights
OPENLANE 2Q23 Highlights 344K Vehicles sold in • Results demonstrate strength and potential of OPENLANE’s digital, asset-light model marketplace segment • Strong cash flow characteristics improve liquidity and flexibility in capital deployment 9% Consolidated revenue • One brand/one marketplace stra
Slide 10: OPENLANE: Investment Highlights
OPENLANE: Investment Highlights Digital marketplace leader for wholesale used vehicles Large TAM with meaningful opportunities for growth Clear strategy to accelerate innovation product development Cash flow positive with ability to invest and deliver stockholder value Projected 15% - 20% Adjusted E
Slide 11: Q&A
Q&A 11