Hagerty Investor Presentation Deck slide image

Hagerty Investor Presentation Deck

6 KEY Q1 2023 HIGHLIGHTS Total Revenue growth of 30% Written Premium growth of 18% Improved Profitability >> Net Income (Loss) of $(15) million compared to $16 million in the prior year period due primarily to the $32 million change in fair value of the warrant liabilities Adjusted EBITDA of $7 million, an improvement of $13 million from the prior year period's loss of $6 million >> Q1 restructuring should yield an incremental $20 million to $25 million of annualized savings, including $15 million in 2023 2023 OUTLOOK Pivot to significantly improved profitability fueled by top- line momentum, cost containment & efficiency measures >> Total Revenue growth of 22-26% » Written Premium growth of 11-13% » Net Income (Loss) of $(13)-7 million Adjusted EBITDA (¹) of $55-75 million 2023 Outlook as of the Company's fourth quarter earnings call on March 14th, 2023 was for Net income (loss) of $(20) to $0 million and Adjusted EBITDA of $40 to $60 million. ¹ See Appendix for additional information regarding this non-GAAP financial measure. HAGERTY Q1 2023 | 3
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