Leader in Valuing and Monetizing Industrial & Financial Assets Investor Presentation NASDAQ: HGBL NASDAQ: HGBL Forward Looking Statements This communication includes forward-looking statements based on our current expectations and projections about future events. All statements contained in this communication other than statements of historical fact, including any statements regarding our future operating results and financial position, our business strategy and plans, potential acquisitions, market growth ...

Heritage Global Inc. (NASDAQ:HGBL) Q2 2022 Earnings Conference Call August 10, 2022 5:00 PM ET Company Participants John Nesbett – Investor Relations Ross Dove – Chief Executive Officer Brian Cobb – Chief Financial Officer Conference Call Participants Mark Argento – Lake Street Michael Diana – Maxim Group Operator Good afternoon and welcome to the Heritage Global Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. Please note, this event is ...

Financial Data and Key Metrics Changes - The company reported net operating income of $875,000 for Q1 2022, a decrease from $1 million in Q1 2021 [8] - Adjusted EBITDA for Q1 2022 was $1.1 million, down from $1.5 million in Q1 2021 [8] - Net income for Q1 2022 was $645,000 or $0.02 per diluted share, compared to $1 million or $0.03 per diluted share in Q1 2021 [8] Business Line Data and Key Metrics Changes - In the industrial assets division, net operating income was $846,000 in Q1 2022, down from $1.3 million in Q1 2021 [7] - The financial assets division saw net operating income of $731,000, a 59% increase from $461,000 in Q1 2021 [7] Market Data and Key Metrics Changes - The company anticipates closing two remaining Huntsville real estate transactions in Q2 or Q3, expected to contribute over $2.5 million in combined net profit [9] - The company has aggregate tax net operating loss carry forwards of approximately $78 million, which could be valuable as it generates positive results [10] Company Strategy and Development Direction - The company is optimistic about growth across all five revenue streams and expects Q2 to be a record quarter [13] - The focus is on capitalizing on anticipated market conditions and increasing demand for both financial and industrial assets [6][13] - A $4 million stock repurchase plan has been instituted, indicating confidence in the company's future [19] Management's Comments on Operating Environment and Future Outlook - Management noted a significant rise in consumer spending, which is expected to lead to increased defaults and charge-offs, benefiting the company's operations [14] - The company is seeing an increase in supply from sellers who are now monetizing surplus assets due to stronger ESG metrics [26][27] - Management expressed confidence that 2022 will be the most profitable year since the company's founding [41] Other Important Information - The balance sheet remains strong with stockholders' equity of $33.4 million as of March 31, 2022, compared to $32.6 million at the end of 2021 [11] - The company has renewed a $100 million partnership line with a New York hedge fund, enhancing its lending capabilities [29] Q&A Session Summary Question: Can you break down the revenue contribution from financial assets versus industrial assets? - Financial assets contributed $746,000 in net operating income, while industrial assets contributed $846,000 for the quarter [22][23] Question: Are you seeing more portfolios come to market? - Management noted a tremendous amount of growth and expects sequential growth for the next couple of years due to rising consumer spending [24] Question: How does the current economic environment affect industrial assets? - An increase in layoffs is producing surplus assets, and companies are now pressured to monetize these assets due to ESG metrics [26][27] Question: What is the company's position regarding capital deployment? - The company is comfortable deploying capital and is underwriting more deals than in the past, indicating a solid position for future opportunities [29][30] Question: Can you provide more details about the St. Louis acquisition? - The St. Louis acquisition involves two facilities with high-end processing equipment, and the company plans to monetize these assets similarly to the Huntsville transactions [36]

ERITAGE An Asset Services company specializing in financial and industrial asset transactions Investor Presentation March 2022 FORWARD LOOKING STATEMENTS This communication includes forward-looking statements based on our current expectations and projections about future events. All statements contained in this communication other than statements of historical fact, including any statements regarding our future operating results and financial position, our business strategy and plans, potential acquisitions ...

Heritage Global, Inc. (NASDAQ:HGBL) Q4 2021 Earnings Conference Call March 17, 2022 5:00 PM ET Company Participants John Nesbett - Institutional Marketing Services Ross Dove - CEO Brian Cobb - VP, Finance & Interim Principal Financial Officer Conference Call Participants Michael Diana - Maxim Group Operator Good day, and welcome to the Heritage Global Inc. Fourth Quarter and Year-end Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the co ...

Heritage Global, Inc. (NASDAQ:HGBL) Q3 2021 Earnings Conference Call November 10, 2021 5:00 PM ET Company Participants John Nesbett - Institutional Marketing Services Ross Dove - Global CEO & Director Brian Cobb - VP, Finance, Interim Principal Financial Officer & Corporate Controller Conference Call Participants Mark Argento - Lake Street Capital Markets Michael Diana - Maxim Group Operator Good afternoon, and welcome to the Heritage Global Third Quarter 2021 Earnings Call. [Operator Instructions]. Please ...

ERITAGE An Asset Services company specializing in financial and industrial asset transactions Investor Presentation September 2021 FORWARD LOOKING STATEMENTS This communication includes forward-looking statements based on our current expectations and projections about future events. All statements contained in this communication other than statements of historical fact, including any statements regarding our future operating results and financial position, our business strategy and plans, potential acquisit ...

Heritage Global Inc. (NASDAQ:HGBL) Q2 2021 Earnings Conference Call August 12, 2021 5:00 PM ET Company Participants John Nesbett – IMS Investor Relations Ross Dove – Chief Executive Officer Brian Cobb – Vice President-Finance and Controller Conference Call Participants Mark Argento – Lake Street Michael Diana – Maxim Group Operator Good day ladies and gentlemen and welcome to the Heritage Global Inc. Second Quarter 2021 Earnings Conference Call. [Operator Instructions] As a reminder this conference is being ...

Heritage Global Inc. (NASDAQ:HGBL) Q1 2021 Earnings Conference Call May 13, 2021 5:00 PM ET Company Participants John Nesbett - IMS IR Ross Dove - Chief Executive Officer Brian Cobb - VP of Finance Conference Call Participants Mark Argento - Lake Street Michael Diana - Maxim Group Michael Shlisky - Colliers Securities Operator Good day, and welcome to the Heritage Global Incorporated First Quarter 2021 Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to tur ...

Heritage Global, Inc. (NASDAQ:HGBL) Q4 2020 Earnings Conference Call March 8, 2021 5:00 PM ET Company Participants John Nesbett - IMS Investor Relations Ross Dove - Chief Executive Officer Scott West - Chief Financial Officer Conference Call Participants Mike Shlisky - Colliers Securities Mark Argento - Lake Street Capital Markets Michael Diana - Maxim Group Operator Thank you for standing by. This is the conference operator. Welcome to the Heritage Global Inc. Fourth Quarter 2020 Earnings Call. As a remind ...