Investor Presentaiton
CARLOTZ' GROWTH PLAN RELATIVE TO INDUSTRY PEERS
CarLotz Revenue (in $ millions)
+$1.4B - $1.6B
$945
$356
$110
2020E
2021E
2022E
$1,540 - $1,700
2023E
Carvana Revenue at IPO (in $ millions)
+$3.6B
$1,955
$859
$365
2016A
2017A
2018A
Unique capital-efficient business and operating model translates into superior growth at much lower investment compared to peers,
resulting in significant growth opportunities with the deployment of proceeds from proposed transaction
$3,940
2019A
(in $ millions)
Pre-IPO Capital
Raise¹
Revenue Pre-IPO²
Revenue / Pre-IPO
Capital Raise
Capital Raise in IPO3
3 Year Revenue
Increase in Plan4
3 Year Revenue
Increase in Plan /
IPO Capital Raise
carlotz
$35
$110
3.1x
$321
$1,510
4.7x
CARVANA
$905
$365
0.4x
$211
$3,575
17.0x
vroom
SHIFT
$1,190
$303
$1,333
1.1x
$432
$4,713
10.9x
$193
0.6x
$303
$1,167
3.9x
32
Source: Company filings, Wall street research, Pitchbook
Note: These projections are for illustrative purposes and should not be relied upon as being necessarily indicative of future results.
1 Represents equity / venture funding pre-IPO. 2 Represents 2020E revenue for CarLotz, Vroom and Shift and 2016 revenue for Carvana. 3 Represents proceeds net of underwriter fees and transaction fees and
assumes no redemptions. 4 Represents midpoint of revenue increase in 2023 versus 2020 for CarLotz. Represents revenue increase in 2023 versus 2020 Vroom and Shift and 2019 versus 2016 for Carvana.
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