Envela Corporation · AMEX:ELA
Envela — Investor Presentation (March 2026)
32 slides from Envela's investor presentation, March 2026
Slide 1: 2026 Investor Presentation
2026 INVESTOR PRESENTATION MARCH 2026
Slide 2: Index
INDEX INTRODUCTION INVESTMENT HIGHLIGHTS APPENDICES Disclaimers and References 3 Industry Dynamics 13 Historical Financial Results 25 Key Company Data 4 Base and Precious Metals Demand 15 Supplemental Financial Metrics 27 Revenue Diversification 16 Glossary 29 OVERVIEWS Fixed Asset-Light Business Mo
Slide 3: Disclaimers and References
DISCLAIMERS AND REFERENCES ADDITIONAL REFERENCE MATERIALS NON-UNITED STATES (“U.S.”) GENERALLY ACCEPTED This presentation should be read in conjunction with materials from Envela Corporation (“Envela” or ACCOUNTING PRINCIPLES (“GAAP”) FINANCIAL MEASURES the “Company”), including news releases, websi
Slide 4: Key Company Data
K E Y CO M PA NY DATA NYSE Ticker ELA1 52 Week Share Price Range $5.29 - $14.572,3 Market Capitalization $347.4 million4,5 Share Count Outstanding 25,963,4764 WHO WE ARE Headquarters Irving, TX 2026 INVESTOR PRESENTATION Envela is a leading recommerce and 1 NYSE Registered Exchange(s): American and
Slide 5: Overviews
5 2026 INVESTOR PRESENTATION OVERVIEWS
Slide 6: Overview
OVERVIEW CO N S U M E R S E G M E N T Retail Wholesale Online Manufacturing • Bullion • Bullion • Bullion • Value manufacturing Envela is a portfolio of • Designer handbags • Scrap jewelry • Numismatics & capabilities utilizing repurposed • Fine jewelry • Diamonds & collectibles leading brands dedic
Slide 7: Recent Accomplishments & Milestones
RECENT ACCOMPLISHMENTS & MILESTONES Proven track record of profitability and growth. All-time annual Adjusted EBITDA of $20.0 million, up 106% YoY All-time annual cash position • Celebrating 60 years of of $20.6 million, up 15% over continuous operations prior period • Founding member of the 5-year
Slide 8: Consumer Segment
8 2026 INVESTOR PRESENTATION SEGMENT CONSUMER
Slide 9: Consumer Segment
CONSUMER SEGMENT OVERVIEW F O OT P R I N T Texas: 9 stores Arizona: 4 stores South Carolina: 1 store What our consumer segment does: Our consumer segment is a retail organization that operates several brands specializing in the buying and selling of pre-owned luxury hard assets and bullion. B U S I
Slide 10: Commercial Segment
2026 INVESTOR PRESENTATION 10 SEGMENT COMMERCIAL
Slide 11: Commercial Segment
COMMERCIAL SEGMENT OVERVIEW F O OT P R I N T Texas: 2 production facilities What our commercial segment does: Our commercial segment operates in multiple verticals focused on the responsible disposition of end-of-life technology assets. We have significant and diverse business partnerships comprised
Slide 12: Investment Highlights
2026 INVESTOR PRESENTATION 12 HIGHLIGHTS INVESTMENT
Slide 13: Consumer Segment Industry Dynamics
CONSUMER SEGMENT INDUSTRY DYNAMICS S E CO NDA RY M A R K E T LU X U R Y G O O D S GROWTH DRIVERS • Gen Z and millennials are influenced by sustainability when making purchases.1 • Luxury resale market is growing 4 times faster than the primary luxury market.2 • Pre-owned luxury goods are no longer v
Slide 14: Commercial Segment Industry Dynamics
COMMERCIAL SEGMENT INDUSTRY DYNAMICS S E CO NDA RY M A R K E T T E C H N O LO GY A N D E - W A ST E GROWTH DRIVERS ~$88.8 ~$6.5 • The proliferation of electronic devices in all aspects of society, along with a wider acceptance of secondary market technology. • Recommerce-led sustainability is now a
Slide 15: Base and Precious Metals Demand
BASE AND PRECIOUS METALS DEMAND Envela’s business verticals provide low capital intensity and sustainable (e.g., non-extractive) exposure to “in-demand” base and precious metals. Gold Silver Aluminum Copper VERTICAL • Bullion • Bullion • Electronic Waste • Electronic Waste • Scrap Jewelry • Scrap Je
Slide 16: Revenue Diversification
REVENUE DIVERSIFICATION REVENUE BREAKOUT $241,021 Growth: 27.3% Envela’s brand portfolio is economically diverse and offers exposure to recycled commodities Growth: 45.8% (e.g., materials), luxury resale (e.g., consumer $180,376 $8,848 S E R V I C E S $11,263 discretionary), and business and consume
Slide 17: Fixed Asset-Light Business Model
FIXED ASSET-LIGHT BUSINESS MODEL Our business model is inherently light in fixed assets. Our processes involve light processing and sorting for e-waste, data sanitizing, testing, and repackaging for technology assets, and authentication for luxury hard assets. Our property and equipment, net in abso
Slide 18: Operating Metrics
OPERATING METRICS Consolidated Revenue ($ in thousands) Consolidated Operating Income ($ in thousands) $18,109 $241,021 $13,945 $182,686 $175,264 $180,376 $140,966 $9,497 $8,757 $8,159 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Consolidated Gross Margin ($ in thousands) Consolidated Adjusted
Slide 19: Balance Sheet and Liquidity Metrics
BALANCE SHEET AND LIQUIDITY METRICS Consolidated New Working Capital ($ in thousands)1 Operating Cash Flow Trends ($ in thousands) $46,763 $10,020 $10,191 $40,904 $39,086 $36,855 $5,843 $22,965 $2,805 $2,581 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Shareholders' Equity ($ in thousands) Net
Slide 20: Share Repurchases
SHARE REPURCHASES The company has implemented a strategic buyback program, recognizing the inherent value of repurchasing stock when it is undervalued. This initiative reflects our ongoing commitment to maximizing shareholder value. Repurchased as of 12/31/25: 961,155 2026 INVESTOR PRESENTATION Rema
Slide 21: ESGS Profile
ESGS PROFILE Environmental We are focused on minimizing the environmental impact of our business partners through waste diversion and our inherently light production processes. ESGS is paramount to our overall business model, whether Social relating to a business seeking a responsible partner to man
Slide 22: Growth Strategy
GROWth STRATEGY CONSUMER SEGMENT COMMERCIAL SEGMENT Utilize market intelligence to identify optimal Deliver freight-advantaged services to new and existing geographies for store placement. inbound customers, as well as new market expansion via Geographic acquisition and organic growth. Revenue diver
Slide 23: Key Financial Statistics
KEY FINANCIAL STATISTICS Consolidated Consumer Segment $000s FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 $000s FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Sales $96,719 $131,107 $129,414 $130,469 $192,718 Sales $140,966 $182,686 $175,264 $180,376 $241,021 Gross margin $12,608 $16,234 $15,649 $15,882 $22,924
Slide 24: Appendices
2026 INVESTOR PRESENTATION 24 APPENDICES
Slide 25: Historical Financial Results
Consolidated HISTORICAL $000s, except per unit amounts FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FINANCIAL Sales 140,966 182,686 175,264 180,376 241,021 Cost of goods sold 109,745 137,859 133,607 136,060 187,096 Gross margin $31,221 $44,827 $41,657 $44,316 $53,925 RESULTS Expenses: Selling, general an
Slide 26: Historical Financial Results
HISTORICAL FINANCIAL RESULTS Consumer Segment Commercial Segment $000s FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 $000s FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Sales 96,719 131,107 129,414 130,469 192,718 Sales 44,247 51,578 45,850 49,907 48,304 Cost of goods sold 84,111 114,873 113,765 114,588 169,793
Slide 27: Supplemental Financial Metrics
SUPPLEMENTAL FINANCIAL METRICS $000s 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 Consolidated Debt Debt Obligations $18,736 $15,977 $14,933 $13,522 $9,925 QTR. 1 QTR. 2 QTR. 3 QTR. 4 Total Cash (10,138) (17,170) (17,854) (20,609) (18,155) $000s FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 Net Debt Oblig
Slide 28: Supplemental Financial Metrics
SUPPLEMENTAL FINANCIAL METRICS Consolidated Consumer QTR. 1 QTR. 2 QTR. 3 QTR. 4 QTR. 1 QTR. 2 QTR. 3 QTR. 4 $000s FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 $000s FY 2025 FY 2025 FY 2025 FY 2025 FY 2025 Cost of goods sold less shipping and handling costs Cost of goods sold less shipping and handling c
Slide 29: Glossary
GLOSSARY ADJUSTED DEBT TO ADJUSTED EBITDAR LEVERAGE RATIO COMPANY The Adjusted Debt to Adjusted EBITDAR Leverage Ratio is a non-U.S. GAAP measure Envela Corporation, a Nevada corporation, and its subsidiaries and represents (i) Adjusted Debt Obligations divided by (ii) Adjusted EBITDAR. DEBT TO NET
Slide 30: Glossary
GLOSSARY MARKET CAPITALIZATION PRESENTATION OF TOTAL ASSETS Market Capitalization equals (i) price per share x (ii) shares outstanding as of the end The presentation of Total Assets on slide 17 is a non-U.S. GAAP presentation of of the reporting period. Balance Sheet categories and is defined as (i)
Slide 31: Analyst Coverage
ANALYST COVERAGE Jeff Van Sinderen Richard Magnusen Mark Argento A N A LY S T A N A LY S T A N A LY S T jvansinderen@brileyfin.com rmagnusen@brileyfin.com mark.argento@lakestreetcm.com 310-966-9098 310-966-9368 612-326-1311 2026 INVESTOR PRESENTATION brileyfin.com lakestreetcapitalmarkets.com 31
Slide 32: Contact Us
THANK YOU CONTACT US HEADQUARTERS Envela Corporation 1901 Gateway Drive Irving, TX 75038 PHONE (972) 587-4030 INVESTOR RELATIONS CONTACT ir@envelacorp.com envela.com