May 2023 Investor Presentation
Investor Presentation
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
- 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
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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.
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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
Proprietary platforms built on highly integrated machine learning assets
support rapid growth and drive network effects
Extensive distribution channels with
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
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Source: |
4 |
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2. |
" |
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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
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▪ One of the insurance industry's largest online customer |
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26% |
29% |
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acquisition and distribution platforms |
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▪ " |
Revenue CAGR |
VMM2 |
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(5yr)1 |
CAGR (5yr)1 |
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(~8,000 local agents), and |
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agents) |
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63% |
20% 26% |
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▪ Diversified business serving consumers and providers |
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across multiple insurance markets |
Non-Auto3 CAGR |
Of Revenue was |
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(5yr)1 |
Non-Auto3 in 2022 |
- Highly scalable, proprietary platform leveraging 2.5b+
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consumer data points4 amassed over a decade |
Insurance Verticals Served |
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▪ Founded by |
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Auto |
Home & Renters |
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Life |
Health |
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Based on the compound annual growth rate (CAGR) from 2017 - 2022. |
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"VMM" refers to Variable Marketing Margin. |
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"Non-Auto" refers to non-auto insurance verticals which consist of home & renters, life and health. |
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Source: estimated using Company data through 2022. |
Attachments
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