FGI Industries Investor Presentation Deck
FGI Industries at a Glance
Leading global B2B supplier of Kitchen and Bath Products
3
FGI is a leading global B2B supplier of Kitchen and Bath products with a
reputation of Innovation, Quality and Service developed over 30 years in
conjunction with our parent company, Foremost Groups Ltd.
Strong Growth Opportunity
• BPC strategy offers meaningful growth potential
●
Founded in
1988
Favorable Market Trends
Repair and Remodel market generates stable, predictable growth; limited
exposure to new construction
●
Attractive Operating Model
Outsourced manufacturing model and strong partner relationships provide
flexibility and downside protection
IPO in January
2022
Capital Efficient Model
Capital-lite model drives strong free cash flow conversion
●
Strong Balance Sheet
Low net debt(1) relative to earnings, attractive liquidity
Recent Performance
$120MM Revenue
Business
(1) See attached appendix for reconciliation of GAAP and non-GAAP financial measures
+ 530 bps 3Q23 gross
margin expansion
New
Construction
20%
EU
Canada 10%
25%
Owned
Brands
40%
E-Commerce
21%
Wholesale/Commercial
37%
Repair/Remodel
80%
USA
64%
Private
Label
60%
Specialty
2%
$20.9MM of cash and
liquidity at 9/30/23
Mass
Retail
40%
$2.6MM Net Debt
Position at 9/30/23(1)
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