Hagerty Investor Presentation Deck
SOL
YTD Q2 2023 HIGHLIGHTS
Total Revenue growth of 28%
Written Premium growth of 17%
Improved Profitability
>> Net Income of $1 million compared to $10 million in the prior
year period
>>>
Adjusted EBITDA of $41 million compared to $10 million in the
prior year period
>> Raised $105 million in capital on June 23, 2023
>>
$80 million in convertible preferred equity and a
$25 million commitment for Hagerty Re Limited
INCREASED 2023 OUTLOOK
Pivot to significantly improved profitability fueled by top-
line momentum, cost containment & efficiency measures
>> Total Revenue growth of 23-27%
» Written Premium growth of 13-15%
>> Net Income (Loss) of $(12)-8 million
Adjusted EBITDA (¹) of $60-80 million
The Company's outlook on the May 9, 2023 first quarter earnings call was for Total Revenue growth of 22-26%, Written
Premium growth of 11-13%, Net Income of $(13)-7 million and Adjusted EBITDA of $55-75 million
¹ See Appendix for additional information regarding this non-GAAP financial measure.
HAGERTY Q2 2023 | 3View entire presentation