Polished.com Inc. · OTC:POLCQ
Polished.com — 1847 Goedeker — Q3 2021 Earnings Presentation
16 slides from Polished.com's earnings presentation, Nov 15, 2021
Slide 1: Investor Presentation Q3 2021
Investor Presentation Q3 2021
Slide 2: Safe Harbor Forward Looking Statements
SAFE HARBOR F orw ar d L ook i n g St a t e m e n t s This presentation contains forward - looking statements that are based on our management’s beliefs and assumptions and on information currently available to us . All statements other than statements of historical facts are forward - looking . The
Slide 3: Combination of Appliances Connection and Goedeker creates a leading ecommerce company
The recent combination of Appliances Connection and Goedeker has created one of the largest pure - play ecommerce compan ies in the more than $32 billion U.S. home appliance market (1) . We have a clear strategy for pursuing sustainable growth and undisputed category leadership: x Maintain Frictionl
Slide 4: We Have a Vision for Becoming the Market Leader
WE HAVE A VISION FOR BECOMING THE MARKET LEADER Investor Presentation | November 2021 4 Goedeker is uniquely positioned to capture and convert a wide range of customers x Lower shipping costs and material handling, which leads to reduced costs for the customer, less damages and returns, and higher c
Slide 5: Q3 Financial Highlights
Q3 FINANCIAL HIGHLIGHTS Sales $141.9M Gross Profit $31.4M Gross Margins 22.1% Proforma Net Income $3.9M Proforma Adj. EBITDA $11.0M Cash Position $27.2M Investor Presentation | November 2021 5 Combined Net Product Sales +38.8% Y/Y Proforma Gross Profit +49.5% Y/Y +657.1% Y/Y (1) Reconciliation of no
Slide 6: Capital Structure
CAPITAL STRUCTURE Investor Presentation | November 2021 6 Market Price as of market close on November 9, 2021 $ 2.73 Common Shares 106,387,332 Warrants 92,058,863 Total Common Shares & Warrants Outstanding 198,446,195 Equity Value Assuming Full Exercise of Warrants 541,758,112 Current Portion of Lon
Slide 7: Market Opportunity & Competitive Positioning
Market Opportunity & Competitive Positioning
Slide 8: Home Appliances Is an Attractive, Growing Market
HOME APPLIANCES IS AN ATTRACTIVE, GROWING MARKET Source: Statista; Mordor Intelligence : United States Major Home Appliances Market - Growth, Trends, Covid - 19 Impact, And Forecasts (2021 - 2026 ) . Investor Presentation | November 2021 8 Major Household Appliances Market Revenue in the U.S. from 2
Slide 9: Customers Are Increasing Their Online Spend
Goedeker is uniquely position ed to take advantage of the substantial behavioral shift toward online shopping for household appliances 17% of consumers purchased household appliances online in 2020 30% expected growth in consumers purchasing appliances online post - pandemic 46% of U.S. consumers ar
Slide 10: Competitive landscape: big box stores, chains and independent dealers
î 5 , 000 + s t or e f ron t s î Assortment focuses on Core, very limited selection î Discount - driven î No Luxury assortment available î 2, 000 + s t or e f ron t s î Focus on Core brands with limited Premium offerings î Limited selection î Size of business makes maneuvering supply chain constrain
Slide 11: We Are Well-Positioned to Seize the White Space
WE ARE WELL - POSITIONED TO SEIZE THE WHITE SPACE Investor Presentation | November 2021 11 We believe Goedeker has clear operating tailwinds that the competitive set does not: Distinct ability to offer customers Core, Premium and Luxury appliances brands through one point - and - click experience An
Slide 12: We Are Taking Steps to Build a Strong Foundation
WE ARE TAKING STEPS TO BUILD A STRONG FOUNDATION Leveraging Our Increased Scale Renegotiating agreements with vendors and suppliers to secure the most favorable rates and terms Drawing on our increased scale to access sufficient inventory despite global supply chain constraints Continuing to focus o
Slide 13: We Have Clear Priorities for the Quarter Ahead
WE HAVE CLEAR PRIORITIES FOR THE QUARTER AHEAD Investor Presentation | November 2021 13 Strengthen human capital by adding talent in areas such as analytics, ecommerce and supply chain, while reducing and reconciling positions tied to legacy Goedeker business model Finalize new name and brand ethos
Slide 14: fe ae) ¢ ® Qo. oy zt
fe ae) ¢ ® Qo. oy zt
Slide 15: Appendix: EBITDA Reconciliation
APPENDIX: EBITDA RECONCILIATION This presentation includes certain “non - GAAP” financial measures, including adjusted EBITDA . A non - GAAP financial measure is a numerical measure of historical or future performance, financial position or cash flow that excludes amounts, or is subject to adjustmen
Slide 16: Appendix: EBITDA Reconciliation (Cont.)
APPENDIX: EBITDA RECONCILIATION (CONT.) Investor Presentation | November 2021 16 Three Months Ended September 30, 2021 Nine Months Ended September 30, 2021 NET INCOME $ 3 . 9 $ 32 . 1 ADJUSTMENTS Income taxes 2 . 3 ( 4 . 0 ) Depreciation and amortization 2 . 8 8 . 3 Financing costs 0 . 2 0 . 3 Inter