Envela Corporation · AMEX:ELA
Envela — Investor Presentation (November 2025)
31 slides from Envela's investor presentation, November 2025
Slide 1: 2025 Investor Presentation
2025 INVESTOR PRESENTATION NOVEMBER 2025
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 28 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 ACCOUNTING PRINCIPLES (“GAAP”) FINANCIAL MEASURES (“Envela” or 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 $5.18 - $8.102,3 Market Capitalization $202.8 million4,5 Share Count Outstanding 25,963,4764 WHO WE ARE Headquarters Irving, TX 2025 INVESTOR PRESENTATION Envela is a leading recommerce and 1 NYSE Registered Exchange(s): American and T
Slide 5: Overviews
5 2025 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 All-time Net Cash position Proven track record of profitability and growth. of $11.9 million • Celebrating 60 years of continuous operations All-time annual Adjusted 5-year revenue EBITDA record for the • Founding member of the All-time annual revenue CAGR of 28%
Slide 8: Consumer Segment
8 2025 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 buying and selling pre-owned luxury hard assets and bullion. B U S I N E S S
Slide 10: Commercial Segment
2025 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
2025 INVESTOR PRESENTATION 12 HIGHLIGHTS INVESTMENT
Slide 13: Consumer Segment Industry Dynamics
CONSUMER SEGMENT INDUSTRY DYNAMICS GROWTH DRIVERS • 64% of Gen Z and Millennials are influenced by sustainability when making purchases.1 • Consumer interest in access to luxury goods at discounted rates. • Pre-owned luxury goods are no longer viewed as “used”; they are coveted for their authenticit
Slide 14: Commercial Segment Industry Dynamics
COMMERCIAL SEGMENT INDUSTRY DYNAMICS GROWTH DRIVERS • 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 major strategic goal for businesses: ~$48 #2 – Offers waste diversion, enhan
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 $208,844 Growth: 32.6% Envela’s brand portfolio is economically diverse $180,376 and offers exposure to recycled commodities $8,848 S E R V I C E S $11,733 (e.g., materials), luxury resale (e.g., consumer $34,940 R E C Y C L I N G $43,991 Growth: 25.9% discre
Slide 17: Fixed Asset-Light Business Model
FIXED ASSET-LIGHT BUSINESS MODEL Our business model is inherently light in fixed assets. Our processes involve light processing and sorting for e-waste, data sanitizing, testing, and repackaging for technology assets, and authentication for luxury hard assets. Our property and equipment, net in abso
Slide 18: Operating Metrics
OPERATING METRICS Consolidated Revenue ($ in thousands) Consolidated Operating Income ($ in thousands) $208,844 $13,945 $12,465 $182,686 $175,264 $180,376 $140,966 $9,497 $8,757 $8,159 2021 2022 2023 2024 Trailing Four 2021 2022 2023 2024 Trailing Four Quarters Ended Quarters Ended 09/30/2025 09/30/
Slide 19: Balance Sheet and Liquidity Metrics
BALANCE SHEET AND LIQUIDITY METRICS Consolidated New Working Capital ($ in thousands)1 Operating Cash Flow Trends ($ in thousands) $47,977 $10,191 $10,020 $9,867 $40,904 $39,086 $36,855 $5,843 $22,965 $2,805 2021 2022 2023 2024 09/30/25 2021 2022 2023 2024 Trailing Four Quarters Ended 09/30/2025 Sha
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 09/30/25: 961,155 2025 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 Trailing Four Trailing Four Quarters Ended Quarters $000s FY 2021 FY 2022 FY 2023 FY 2024 09/30/25 Ended Sales $96,719 $131,107 $129,414 $130,469 $161,509 Gross margin $12,608 $16,234 $15,649 $15,882 $18,465 $000s FY 2021 FY 2022 FY 2023 FY 2024
Slide 24: Appendices
2025 INVESTOR PRESENTATION 24 APPENDICES
Slide 25: Historical Financial Results
Consolidated HISTORICAL Trailing Four Quarters Ended FINANCIAL $000s, except per unit amounts FY 2021 FY 2022 FY 2023 FY 2024 09/30/25 Sales 140,966 182,686 175,264 180,376 208,844 Cost of goods sold 109,745 137,859 133,607 136,060 160,279 RESULTS Gross margin Expenses: $31,221 $44,827 $41,657 $44,3
Slide 26: Historical Financial Results by Segment
HISTORICAL FINANCIAL RESULTS Consumer Segment Commercial Segment Trailing Four Trailing Four Quarters Quarters Ended Ended $000s FY 2021 FY 2022 FY 2023 FY 2024 09/30/25 $000s FY 2021 FY 2022 FY 2023 FY 2024 09/30/25 Sales 96,719 131,107 129,414 130,469 161,509 Sales 44,247 51,578 45,850 49,907 47,3
Slide 27: Supplemental Financial Metrics
SUPPLEMENTAL FINANCIAL METRICS Consolidated Trailing Four $000s 12/31/21 12/31/22 12/31/23 12/31/24 09/30/25 Quarters Debt QTR. 4 QTR. 1 QTR. 2 QTR. 3 Ended Debt Obligations $18,736 $15,977 $14,933 $13,522 $12,486 $000s FY 2024 FY 2025 FY 2025 FY 2025 09/30/25 Total Cash (10,138) (17,170) (17,854) (
Slide 28: Glossary
GLOSSARY ADJUSTED DEBT TO ADJUSTED EBITDAR LEVERAGE RATIO DEBT TO NET INCOME LEVERAGE RATIO The Adjusted Debt to Adjusted EBITDAR Leverage Ratio is a non-U.S. GAAP measure The Debt to Net Income Leverage Ratio represents the leverage ratio of the Company and represents (i) Adjusted Debt Obligations
Slide 29: Glossary
GLOSSARY MD&A PRESENTATION OF TOTAL ASSETS Management Discussion and Analysis The presentation of Total Assets on slide 17 is a non-U.S. GAAP presentation of Balance Sheet categories and is defined as (i) non-production assets, net: land, METRIC TON building and improvements, leasehold improvements,
Slide 30: 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 2025 INVESTOR PRESENTATION brileyfin.com lakestreetcapitalmarkets.com 30
Slide 31: 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