iPower IPO Presentation Deck

COMPANY OVERVIEW iPower is a leading online retailer and supplier of hydroponics equipment and accessories Data and Technology Driven Culture. Founded by two software engineers, management has approached ecommerce with a data first mindset, utilizing in-house technology throughout the business to streamline operations and spark innovation Experienced Ecommerce Capabilities. iPower sells through online partners such as Amazon, Walmart and eBay, as well as its own website zenhydro.com Sophisticated Fulfillment. iPower utilizes its own fulfillment centers located on the west coast. The Company has the capacity within its fulfillment operations to address significant increases in order volume Strong Supplier Relationships. Management has worked with its key suppliers over a number of years and maintains a diversified supplier network Attractive Financial Profile. In FY 2020, the company's revenues grew 75% YoY to approximately $40 million with net income of nearly $2 million. For the six months ended December 31, 2020, the company's revenues grew about 70% over the same period in the prior year to approximately $26 million and net income of over $1 million. In addition, the Company has raised less than $3.5 million in external capital to date • Extensive In-House Brands. The company offers a broad selection of high quality products under its in-house brands iPower and Simple Deluxe, which represented -67% of total revenue in CY 2020. The Company's in- house brands have a gross margin of -45% IPOWER Duarte, CA Headquarters !!! 22.1k Unique SKUs 100+ Suppliers ♡ 2.6k In-house SKUs 50 States Covered plus Canada HEMODI 5 Private and Confidential NASDAQ: IPW

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