Boyd Group Revenue Growth and Market Analysis

Evolving Collision Repair Market Large multi shop collision repair operator ("MSO") market share opportunity* ■ The top 3 consolidators represent an 18.2% share of collision repair revenue in 2020 as compared to 18.8% in 2019 and only 1.7% in 2006. ■ 90 MSOs had revenues of $20 million or greater in 2020 ■ The top 3 consolidators together represent 42.2% of revenue of large MSOS ■ MSOs benefit from standardized processes, integration of technology platforms and expense reduction through large scale supply chain management Source: The Romans Group, 2020 *The Company estimates the top 3 consolidators have a 23% share of collision revenues post-merger of Service King and Crash Champions THE Boyd GROUP 11

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