Solo Brands IPO Presentation Deck
Reconciliation to GAAP Metrics
4830
($ in thousands)
Solo Stove Holdings Net Sales
Chubbies Net Sales
Pro Forma Net Sales
Pal
[3]
Solo Stove Holdings Adjusted EBITDA
Chubbies Adjusted EBITDA
Pro Forma Adjusted EBITDA
Pro Forma Adjusted EBITDA Margin
26 Source: Company Information.
PRO FORMA RECONCILIATION
Solo Stove Holdings Purchases of Property & Equipment
Chubbies Purchases of Property & Equipment
Pro Forma Capex
FYE 12/31/19
39,852
$39,852
11,521
$11,521
28.9%
Pro Forma Free Cash Flow Conversion (Adj. EBITDA - Capex) / Adj. EBITDA
FYE 12/31/20
133,428
44,065"
$177,493
54,876
6,112
$60,988
34.4%
Represents Chubbies net sales and Adjusted EBITDA for the 12 months ended January 30, 2001.
Represents Chubbies net sales. Adjusted EBITDA and copex for the six months ended July 31, 2021
Adjusted EBITDA defined as net income (loss) before interest expense, income taxes and depreciation and amortization expenses, adjusted for one-time transaction costs, acquisition related costs,
changes in fair value of contingent carn-out liability, inventory fair value write-up, management fees, employee compensation, offering expenses, business expansion expense and relocation costs
Adboarda CRITMA
to de boda CRITRA J hermal cole
[1]
6M 6/30/20
37,457
$37,457
15,525
$15,525
41.4%
6M 6/30/21
157,816
49,885¹2)
$207,701
59,661
13,311
$72,972
35.1%
12)
1,811
237
$2,048
97%
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