Emerge Commerce Ltd · TSXV:ECOM
Emerge Commerce — Investor Presentation (September 2026)
21 slides from Emerge Commerce's investor presentation, Sep 24, 2026
Slide 1: Management Presentation
Management Presentation Septem ber 2026 TSXV: ECOM ACQUIRE | INTEGRATE | ACCELERATE PRIVATE & CONFIDENTIAL
Slide 2: Notice & Disclaimer
Notice & Disclaimer Confidentiality This presentation is confidential and contains proprietary information regarding EMERGE Commerce Inc. (the “Company”, “us” or “our”). Under no circumstances may the contents of this presentation be copied, reproduced, distributed or passed, in whole or in part, in
Slide 3: EMERGE Overview
EMERGE Overview EMERGE Commerce (TSXV: ECOM) is a Disciplined Acquirer and Operator of Profitable E-Commerce Brands and Technologies $30M $1.6M+ $4.8M Revenue (1) TTM Adj. EBITDA (1,2) Cash (3) 39% $2.4M Canada + U.S. Gross Margin (4) TTM Cash Flow Primary Markets from Operations (5) 5 3 D2C + B2B B
Slide 4: ECOM Portfolio Overview
ECOM Portfolio Overview GROCERY GOLF Canadian market leader in premium meat Leading golf experiences, products and & seafood subscription apparel portfolio across North America Founding Year: 2016 Founding Year: 2008(1) Market: Canada Markets: Canada, US B2B A suite of e-commerce tools and apps to s
Slide 5: GROCERY – Local Meat & Seafood Subscription
GROCERY – Local Meat & Seafood Subscription • Canadian market leader in premium meat & seafood subscription, delivering locally sourced products, direct-to-consumers (“D2C”) • 3 regional hubs (ON, BC, and AB), with nation-wide delivery (FREE Shipping) • Largest EMERGE brand by revenue, multi-year tr
Slide 6: GOLF – Discounted Experiences Apparel, & Equipment
GOLF – Discounted Experiences Apparel, & Equipment • UnderPar (“UP”) is a leading discounted golf experiences e-commerce marketplace across Ontario, California and other golf regions • Long-standing relationships with hundreds of recurring golf course clients • Weakening economic climate is conduciv
Slide 7: T2G: Acquisition Structure + Year Report Card
T2G: Acquisition Structure + Year 1 Report Card T2G, a profitable, multi-decade, golf equipment and apparel business. Acquired at favorable terms, and immediate synergies with our golf portfolio ACQUISITION ECONOMICS $6.4M $1.0M $2.2M $1.1M Revenue Adj. EBITDA Purchase Price Cash at Closing $900K de
Slide 8: Viral Loops at a Glance
Viral Loops at a Glance Trusted By • B2B referral marketing platform that enables businesses to run viral campaigns to drive word-of-mouth, increase retention, and reduce customer acquisition costs. • Offers templates and tools to drive “virality” (organic growth) • No-code + developer friendly. Bui
Slide 9: Q2 2026 Highlights
Q2 2026 (vs. Q2 2025) Q2 Highlights • Revenue growth YoY — 9th consecutive quarter ✓Q2 Revenue increased to +7.4% $9.1M vs. $8.5M • Positive Adj. EBITDA (2) — 7th consecutive quarter • More “apples to apples” given T2G included in both years First full quarter with Viral Loops included ✓Gross Profit
Slide 10: EMERGE Secures Landmark Senior Debt Facility
EMERGE Secures Landmark Senior Debt Facility The refinancing directly addresses EMERGE's most material balance-sheet risk $5.85M 7 Years 3.7% $1.0M TERM LOAN MATURITY SIGNIFICANT RATE REDUCTION LINE OF CREDIT Meaningfully extends the Secures a cost of capital more Adds flexible liquidity capacity to
Slide 11: Structural Risks Meaningfully Reduced
4 Structural Risks Meaningfully Reduced A before-and-after view of the Desjardins refinancing's de-risking impact RISK AREA PREVIOUS FACILITY DESJARDINS FACILITY Refinancing risk 12-18 month renewal cycle 7-year maturity Interest rate 11.0% (Prime + 6.55%) 7.3% (Prime + 2.85%) Cash-flow leakage Ongo
Slide 12: A Self-Reinforcing De-risking Cycle
A Self-Reinforcing De-risking Cycle E Lower fixed obligations convert directly into liquidity and balance-sheet progress 01 02 03 04 CASH INTEREST REFINANCING COSTS CASH FLOW DEBT Savings remain available to Lower rate reduces annual Longer term avoids repeated Scheduled amortization paydown debt, f
Slide 13: Cash flow Savings Over 7 years (Illustrative)
Cash flow Savings Over 7 years (Illustrative) Scheduled amortization reduces principal while the lower fixed rate compounds cash savings TERM LOAN BALANCE ($M) 7-YEAR INTEREST EXPENSE ($M) $5.85 $5.85 $5.3 $4.7 $3.8 $2.9 $1.5 $0 4.5 2.2 Previous facility Desjardins Close Y1 Y2 Y3 Y4 Y5 Y6 Y7 11.0% 7
Slide 14: De-Leveraging and Driving Adj. EBITDA Growth
De-Leveraging and Driving Adj. EBITDA Growth Senior debt facility reduced by ~77%, tremendous Adj. EBITDA growth, and significantly reduced cost of capital Senior Facility x Adj. EBITDA Senior facility Adj. EBITDA $2.0M $25.0M $25 $$1.6M Senior debt ($M) $20 $1.2M $1.0M $15 $10 $5.85M $5.85M $5 $0 $
Slide 15: Share Price and Cap Table
Share Price and Cap Table Capitalization Table Share Price $0.085 Basic Shares Outstanding 180.2M Market Capitalization $15.3M RSUs, Warrants and Options 16.7M Convertible Debenture 10.3M Fully Diluted Shares 207.2M Total Debt $8.1M Cash ($4.8M) Enterprise Value $18.6M 1. Share Price and market capi
Slide 16: Leadership Team
Leadership Team Ghassan Halazon Founder, CEO, and Director • 15+ years of building, buying and selling some of Canada’s most coveted e-commerce brands • $100M+ raised in equity and debt capital • Canada’s Top 40 Under 40 Award (2020), a Caldwell Award • Former Investment Banker with Citi (New York)
Slide 17: Continued operational execution; acquisitions; debt reduction
Continued operational execution Complete accretive - Drive strong Adj. EBITDA and acquisition(s) at Cash Flow Reduce debt and disciplined pricing, with interest expense to strong synergy - Maintain organic growth enhance cash flow positive overall - Viral Loops meets EMERGE’s and strengthen - Implem
Slide 18: Comparable Company Analysis
Comparable Company Analysis (in C$ millions) TEV / Revenue TEV / EBITDA Company Mkt Cap TEV CY2024 CY2025 CY2026 CY2024 CY2025 CY2026 E-Commerce & Retail Chewy 12,941 12,945 0.8x 0.8x 0.7x 15.7x 13.3x 10.4x Hims 10,240 11,218 5.3x 3.5x 2.5x 44.1x 25.7x 27.5x Acushnet 6,878 8,293 2.3x 2.4x 2.2x 14.3x
Slide 19: Capital Efficient Acquisitions
Capital Efficient Acquisitions EMERGE will apply a disciplined capital allocation strategy with a focus on long-standing, profitable, cash flow positive acquisitions that are synergistic with our existing verticals Acquisition Target Criteria Illustrative Target Consideration Mix • Durable business
Slide 20: ECOM: Acquisition Roadmap
ECOM: Acquisition Roadmap GROCERY GOLF D2C Pet Experiences Food D2C Equipment Logistics/ Media Competitors & Apparel Vendors Offline Corporate Tech/ SaaS (SIMs, Tech/ SaaS Gifting Retail) B2B A suite of e-commerce tools and apps to strengthen the portfolio ✓ High margin, strong cash flow, asset-ligh
Slide 21: Thank you.
Thank you. Ghassan Halazon Investor Relations Founder & CEO Investor@emerge-brands.com Ghassan@emerge-brands.com Acquire. Integrate. Accelerate. TSXV: ECOM ACQUIRE | INTEGRATE | ACCELERATE PRIVATE & CONFIDENTIAL
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