Vroom, Inc. · NASDAQ:VRM
Vroom — Q2 2024 Earnings Presentation
9 slides from Vroom's earnings presentation, August 2024
Slide 1: Second Quarter 2024 Earnings
vroom second quarter 2024 earnings august 2024
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements,
Slide 3: Financing and Loan Servicing, Data/AI/Technology, Automotive eCommerce Platform
Financing and Loan Servicing Industry Leading Data, AI and Technology Automotive eCommerce Platform • Acquired by Vroom in 2022 • Acquired by Vroom in 2021 • eCommerce used vehicle platform • Non-prime lending expertise • 18+ years of automotive vehicle history • Predictive price and P&L models • Su
Slide 4: Liquidity and UACC Warehouse Capacity
• $63M Cash and Cash Equivalents(1) • $825M UACC total Warehouse Capacity, $270M outstanding borrowings, $555M excess warehouse capacity • $34M of excess liquidity available to UACC under the warehouse lines (receivables that could be pledged to draw cash from warehouse lines) • Grew origination vol
Slide 5: Cash and Cash Equivalents Bridge
$91 ($7) ($8) • $63 ($8) ($5) • Payroll, benefits and severance for exited employees as a result of ecommerce wind-down • • Costs associated with early termination or modification of ecommerce contracts and leases • • Principal paydown of warehouse debt to reduce interest 3/31/23 Discountinued Vendo
Slide 6: 48 Month and 12 Month Cumulative Net Loss
(1) (2) 12 Month CNL 48 Month CNL (Orange) Multivariate 12 Month CNL Model correlates to (Gray) Actual 12 Month CNL correlates to (Yellow) Actual 48 Month CNL • • (1) Cumulative net loss is the aggregate realized loss (net of recoveries) over a portfolio’s lifetime. (2) This metric, including the ra
Slide 7: Appendix
vroom Appendix
Slide 8: (1) Adjusted EBITDA is a non-GAAP measure. For definitions and a reconciliation to the
(1) (1) Adjusted EBITDA is a non-GAAP measure. For definitions and a reconciliation to the most comparable GAAP measure, please see the appendix.
Slide 9: EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA We calculate EBITDA as net loss before interest expense on corporate debt, interest income on cash and cash equivalents, income tax expense and depreciation and amortization expense. We calculate Adjusted EBITDA as EBITDA adjusted to exclude stock compensation expense, sev