Solo Brands IPO Presentation Deck
Continued Momentum Through Q3'21
($mm)
Net Sales
Adj. Gross Profit
% Margin
Adj. EBITDA
% Margin
Adj. Net Income
(3)
Total Debt
Total Cash
Net Debt
Net Debt After Offering
(3)
Three Months Ended September 30, 2021
Low-End
$67
45
67.5%
17
24.8%
14
I
$375
10
366
183
High-End
$69
46
66.7%
18
25.7%
15
Commentary
▪ Continued momentum in top-
line performance driven by
website sales generated by
proprietary marketing engine
▪ Strong profitability with Adj.
gross margin of 67% and Adj
EBITDA margin of 25%, driven
by company infrastructure
designed to generate
operating leverage and
profitability
Source: Company Information
Note: Closing procedures for the three months ended September 30, 2021 have not been completed. Set forth above are selected unoudited, preliminary, estimated financial results for the third quarter ended September 30, 2021. These estimated financial results are preliminary and subject to change. Our
Independent registered public accountants have not oudited, reviewed, compiled or performed any procedures with respect to these estimated financial results and, accordingly, do not express on opinion or any other form of assurance with respect to these preliminary estimates
22 ( Adjusted for gross profit before inventory fair value write-up. Please refer to page 27 for a reconciliation of Adjusted gross profit to gross profit
Adjusted for net income before interest expense, income tax expense, depreciation and amortization expense, transaction costs, acquisition related costs, inventory fair value write-up, unit based compensation expense, and business expansion expense. Please refer to page 27 for a reconciliation of
Adjusted EBITDA to net income.
Adjusted for net income before amortization expense, transaction costs, acquisition related costs, inventory fow value write-up, unit based compensation expense, and business expansion expense. Please refer to page 27 for a reconciliation of Adjusted net income to net income.
Assuming $200 million IPO raise at mid-point of range and $77.5 million in fees and expenses.
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