May 2023 Investor Presentation - Insurance News | InsuranceNewsNet

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May 8, 2023 Newswires
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May 2023 Investor Presentation

U.S. Regulated Equity Markets (Alternative Disclosure) via PUBT

Investor Presentation

May 2023

Disclaimer

This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding possible or assumed future results of operations, business strategies, development plans, regulatory activities, competitive position, potential growth opportunities, & the effects of competition are forward-looking statements. These statements involve known & unknown risks, uncertainties & other important factors that may cause actual results, performance or achievements of EverQuote, Inc. ("the Company") to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward- looking statements by terms such as "may," "should," "expect," "plan," "project," "estimate," "guidance," or "potential" or the negative of these terms or other similar expressions. The forward-looking statements in this presentation are only predictions. The Company has based these forward-looking statements largely on its current expectations & projections about future events & financial trends that it believes may affect the Company's business, financial condition & results of operations. These forward-looking statements speak only as of the date of this presentation & are subject to a number of risks, uncertainties & assumptions, some of which cannot be predicted or quantified & some of which are beyond the Company's control. The events & circumstances reflected in the Company's forward-looking statements may not be achieved or occur, & actual results could differ materially from those projected in the forward-looking statements, including as a result of:

  1. the Company's ability to attract and retain consumers and insurance providers using the Company's marketplace; (2) the Company's ability to maintain or increase the amount providers spend per quote request; (3) the effectiveness of the Company's growth strategies and its ability to effectively manage growth; (4) the Company's ability to maintain and build its brand; (5) the Company's reliance on its third-party service providers; (6) the Company's ability to develop new and enhanced products and services to attract and retain consumers and insurance providers, and the Company's ability to successfully monetize them; (7) the impact of competition in the Company's industry and innovation by the Company's competitors; (8) the expected recovery of the auto insurance industry; (9) developments regarding the insurance industry and the transition to online marketing; (10) the possible impacts of inflation; and (11) the risks described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q & the other filings that the Company makes with the Securities & Exchange Commission from time to time. Moreover, new risk factors & uncertainties may emerge from time to time, & it is not possible for management to predict all risk factors & uncertainties that the Company may face. Except as required by applicable law, the Company does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

The Company's presentation also contains estimates, projections, & other information concerning the Company's industry, the Company's business & the markets for certain of the Company's products & services, including data regarding the estimated size of those markets. Information that is based on estimates, forecasts, projections, market research, or similar methodologies is inherently subject to uncertainties & actual events or circumstances may differ materially from events & circumstances reflected in this information. Unless otherwise expressly stated, the Company obtained this industry, business, market & other data from reports, research surveys, studies & similar data prepared by market research firms & other third parties, from industry, general publications, & from government data & similar sources.

The Company presents Adjusted EBITDA as a non-GAAP measure, which is not a substitute for or superior to, other measures of financial performance prepared in accordance with U.S. GAAP. A reconciliation to the most directly comparable GAAP measures is included in the Appendix to these slides.

2

Our vision

Become the largest online source of insurance policies by using data, technology and knowledgeable advisors to make insurance simpler, more affordable and personalized, ultimately reducing cost and risk.

3

Key Investment Highlights

Insurance Marketplace Leader

Massive Market Opportunity

Proprietary Tech and Data

Extensive Distribution

Diversified Business Model

Compelling Financial Model

Leadingmulti-vertical online insurance marketplace providing compelling benefits for consumers and insurance providers

$171b in annual insurance distribution spend in the early phases of shifting online provides multi-year tailwind1

Proprietary platforms built on highly integrated machine learning assets

support rapid growth and drive network effects

Extensive distribution channels with Enterprise Marketplace (carriers), 3rdParty Agency (local agents) and DTC Agency2 (1st Party) offerings

Multi-vertical insurance market with diversified distribution channels creates resilience in business model

Targeting 20+% average annual revenue growth over thelong-termwith

expanding Adjusted EBITDA margin3

1.

Source: S&P Global Market Intelligence, Insider Intelligence and Company estimates as of 2021.

4

2.

"DTC Agency" refers to Direct-to-Consumer Agency.

3.

Based on the compound annual growth rate (CAGR) from 2017 - 2022 of Revenue of 26% and Adjusted EBITDA percentage point growth of 2.7%,

Company Snapshot

▪ One of the insurance industry's largest online customer

26%

29%

acquisition and distribution platforms

▪ "Hybrid Marketplace" with extensive distribution:

Revenue CAGR

VMM2

Enterprise Marketplace (100+ carriers), 3rd Party Agency

(5yr)1

CAGR (5yr)1

(~8,000 local agents), and DTC Agency (~150 1st party

agents)

63%

20% 26%

▪ Diversified business serving consumers and providers

across multiple insurance markets

Non-Auto3 CAGR

Of Revenue was

(5yr)1

Non-Auto3 in 2022

  • Highly scalable, proprietary platform leveraging 2.5b+

consumer data points4 amassed over a decade

Insurance Verticals Served

▪ Founded by MIT alumni in 2011 with headquarters in

Auto

Home & Renters

Cambridge, MA; IPO in summer 2018

Life

Health

1.

Based on the compound annual growth rate (CAGR) from 2017 - 2022.

5

2.

"VMM" refers to Variable Marketing Margin.

3.

"Non-Auto" refers to non-auto insurance verticals which consist of home & renters, life and health.

4.

Source: estimated using Company data through 2022.

Attachments

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Disclaimer

EverQuote Inc. published this content on 08 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2023 20:17:26 UTC.

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