Psq Holdings, Inc. · NYSE:PSQH
Psq — FY2023 Earnings Presentation
27 slides from Psq's earnings presentation, Mar 14, 2024
Slide 1: Year-End 2023 Financial Results and Credova Acquisition Announcement
Y e a r - End 2023 Financial Results and Credova Acquisition Announcement March 2024
Slide 2: Disclaimer
Disclaimer Investor Presentation | March 2024 2 © 2024 PSQ Holdings, Inc. (PublicSquare) or its affiliates. All rights reserved. Other names and brands may be claimed as the property of others. This presentation (“Presentation”) has been prepared in connection with an update regarding 2023 financial
Slide 3: Financial Information and Non-GAAP Financial Measures
Financial Information and Non - GAAP Financial Measures Investor Presentation | March 2024 3 © 2024 PSQ Holdings, Inc. (PublicSquare) or its affiliates. All rights reserved. Other names and brands may be claimed as the property of others. Any financial projections presented in this Presentation repr
Slide 4: PublicSquare Full-Year 2023 Highlights
PublicSquare Full - Year 2023 Highlights Increased net revenue by 1 , 097 % to $ 5 . 7 million compared to the full year 2022 (net of returns & discounts) Increased PublicSquare marketplace revenue by 529% compared to the full year 2022 EveryLife, the Company’s wholly - owned baby - care brand, cont
Slide 5: PublicSquare Acquires Credova: Summary of Transaction
PublicSquare Acquires Credova — Building Uncancellable Payment Ecosystem for the Parallel Economy Summary of Transaction CONSIDERATION REFINANCING & TIMING EXECUTIVE LEADERSHIP & GOVERNANCE LOCKUP PublicSquare exchanged approximately 2.9 million shares of newly - issued Class A common stock for all
Slide 6: About Credova
About Credova Competitor Matrix BNPL for All Products Installment/Loan Prime Midprime Sub - Prime Split Pay, No Interest Multiple Offers to Consumers Approvals Up to $10,000 Partnered with the NSSF Designed for the Firearm Industry Credova is a BNPL leader with a diverse multi - product offering Cre
Slide 7: Credova Merchants
Credova Merchants 4,800+ Merchants Onboarded to Date 9 of Credova’s top 10 merchants have multi - year exclusive agreements in place Those merchants make up 59% of total origination (2023) Data from Credova, December 2023 Source: credova.com/seeallstores By the Numbers Credova Merchant Partners 100%
Slide 8: Credova Customers
Credova Customers By the Numbers Credit Score Data from Credova, December 2023 2.8 million Unique Applicants on the Credova Platform 668 Average Credit Score 92% December transactions with Shooting Sports Retailers $1,081 Average Contract Value Average Contract Value (ACV) Percentage of Origination
Slide 9: Flexible Financing Options
Flexible Financing Options Credova’s financing options break down financial barriers by making it easier for individuals from various income levels to purchase firearms and related products, ensuring that 2 nd Amendment rights are accessible to a broader demographic. Accessible Firearm Ownership By
Slide 10: Credova Immediately Accretive to PublicSquare
Credova Immediately Accretive to PublicSquare CY2022 Audited Financials vs CY2023 Unaudited Financials ($ in millions) 20% - 30% % Origination Growth 24% - 25% % Revenue Capture (% of Originations) 24% - 28% % EBITDA Margin (% of Revenue) 20% - 23% % FCF Conversion (% of revenue) Credova 2024 Outloo
Slide 11: BNPL's Emergence as a Payment Mainstay
BNP L ’ s Emergence as a Payment Mainstay From Nov 1 to Nov 27 2023, BNPL drove $8.3 billion in total sales (up 17% YOY) BNPL usage $940 million in online spend (up 43% YOY) Number of items per order rose 11% YOY as shoppers used BNPL for increasingly larger carts Source: news.adobe.com/news/news -
Slide 12: Estimated US Firearms Total Addressable Market
Estimated US Firearms Total Addressable Market (TAM) $18.5 billion Firearm TAM in the US in 2023 Shooting Sports Industry Economic Impact (US) $80 billion in 2023 Online Gun & Ammo Sales (US) $3 . 1 billion in 2023 43% of American households own at least one firearm (3) 15.9 million Firearms Sold in
Slide 13: Expected Benefits of Integrating BNPL into PublicSquare Platform
Expected Benefits of Integrating BNPL into PublicSquare eCommerce Platform BNPL raises PublicSquare’s Gross Merchandise Value (GMV) and increases number of transactions Drives growth for merchants Attracts more consumers to platform Seamless integration of payments reduces transaction friction and a
Slide 14: Acquisition Positions PublicSquare to Own the Infrastructure of the Parallel Economy
Acquisition Positions PublicSquare to Own the Infrastructure of the Parallel Economy New Revenue Opportunities Bring PublicSquare into Point of Sale with Brick & Mortar Expand into B2B Financing Build Uncancellable Payments Platform Investor Presentation | March 2024 14 © 2024 PSQ Holdings, Inc. (Pu
Slide 15: Expected Cost Savings Unlocked by the Combined Platform
Expected Cost Savings Unlocked by the Combined Platform Investor Presentation | March 2024 15 © 2024 PSQ Holdings, Inc. (PublicSquare) or its affiliates. All rights reserved. Other names and brands may be claimed as the property of others. eCommerce Transaction Fee Optimization Integrated Merchant O
Slide 16: Transaction Supports PublicSquare Marketplace Value Proposition
Transaction Supports PublicSquare Marketplace Value Proposition The Acquisition of Credova solidifies the economic engine of the parallel economy Transaction brings together two values - aligned companies and their like - minded management, merchants, and consumers into a single combined marketplace
Slide 17: PublicSquare 2024 Outlook
Revenue PublicSquare 2024 Outlook Year - End 2024 Exit Run - Rate Revenue of approximately $47 million to $53 million before consideration for merger synergies Profitability EveryLife to reach and maintain cash flow positivity by the end of 2024 Credova adds revenues, expected to remain cash flow po
Slide 18: Appendix
Appendix Search. Share. Shop.
Slide 19: Credova Cash & Cash Equivalents / Supplemental Financial Information
Credova Cash & Cash Equivalents ($ in millions) Investor Presentation | March 2024 19 © 2024 PSQ Holdings, Inc. (PublicSquare) or its affiliates. All rights reserved. Other names and brands may be claimed as the property of others. Credova Revolving Loan Facility Outstanding (2) ($ in millions) CY 2
Slide 20: PublicSquare: America's Marketplace
PublicSquare is the marketplace that empowers like - minded, patriotic Americans to discover and support small businesses that share their values and embrace excellence, classic American principles, and meritocracy. 65% of Americans say that they’re very or extremely proud to be an American. Corpora
Slide 21: Our Data Driven Business Model
Our Data Driven Business Model Member Data & Analytics Small / Medium Sized Business B2B Offerings Payments and Financing PSQ Users & Businesses Lists Local Business Search Private Label D2C Offerings Targeted Advertising Platform eCommerce Sales Platform Investor Presentation | March 2024 21 © 2024
Slide 22: Serving an Unaddressed Market
$1.5T Mkt Cap $1.6B Mkt Cap $3.0B Mkt Cap $9.0B Mkt Cap $2.6B Mkt Cap SERVING AN UNADDRESSED MARKET PROGRESSIVE PRIORITIES TRADITIONAL, PRO - AMERICA VALUES 100M+ Americans are increasingly ignored by these platforms and mar - ketplaces Investor Presentation | March 2024 22 © 2024 PSQ Holdings, Inc.
Slide 23: We Believe
We Believe We are united in our commitment to freedom and truth — that’s what makes us Americans. We will always protect the family unit and celebrate the sanctity of every life. We believe small businesses and the communities who support them are the backbone of our economy. We believe in the great
Slide 24: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets Investor Presentation | March 2024 24 © 2024 PSQ Holdings, Inc. (PublicSquare) or its affiliates. All rights reserved. Other names and brands may be claimed as the property of others.
Slide 25: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations Investor Presentation | March 2024 25 © 2024 PSQ Holdings, Inc. (PublicSquare) or its affiliates. All rights reserved. Other names and brands may be claimed as the property of others.
Slide 26: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows Investor Presentation | March 2024 26 © 2024 PSQ Holdings, Inc. (PublicSquare) or its affiliates. All rights reserved. Other names and brands may be claimed as the property of others.
Slide 27: Segments
Segments As of December 31, 2023, the Company’s operating and reportable segments include: Marketplace: PSQ has created a marketplace platform to access consumers that are drawn to patriotic values. The Company generates revenue from advertising and eCommerce transactions. Brands: The first wholly -