Q2 FY 2025 Investor Presentation April 24, 2025 Forward-Looking Statements Information contained in this presentation, other than historical information, should be considered forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this presentation. These risks, assumptions, and uncertainties in ...

Financial Data and Key Metrics Changes - The company reported record revenue of over $631 million for March, reflecting strong execution and digital marketing efforts despite a challenging retail environment [6][17] - Same store sales grew by 11%, driven by aggressive pricing and promotional initiatives, although overall unit volume declined year over year [8][17] - GAAP net income for the quarter was $3.3 million, or $0.14 per diluted share, an improvement from the previous year [19] - Adjusted EBITDA for the second quarter was $30.9 million, up 5% compared to last year [20] Business Line Data and Key Metrics Changes - The company experienced historically low margins on new and used boats due to aggressive pricing strategies, which skewed revenue towards lower-margin boat sales [9][18] - Diversification into higher-margin businesses, such as marinas and superyacht services, has helped mitigate cyclical volatility [9][12] Market Data and Key Metrics Changes - The company noted that most areas of the country showed improvement, with premium categories performing better than value-oriented segments [17][18] - Customer deposits decreased year over year but increased sequentially from December, indicating some recovery in demand [21] Company Strategy and Development Direction - The company is focused on a customer-centric approach and leveraging technology to enhance engagement and personalize the buying experience [6][7] - Strategic initiatives include selectively closing, consolidating, or expanding locations to align retail footprint with growth opportunities [10] - The company is committed to building relationships in iconic destinations and driving innovation in the superyacht marina industry [12] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the near-term growth outlook due to uncertainties related to tariffs and economic conditions [25] - The company remains confident in its long-term strategy and believes its premium segment positioning provides resilience [25][74] Other Important Information - The company has been recognized as a great place to work for two consecutive years, highlighting its strong team culture [13] - The company has bought back over 1.2 million shares under its share repurchase plan, indicating a commitment to prudent balance sheet management [21] Q&A Session Summary Question: Can you provide details on the disaggregation of the 11% same store sales growth? - Management noted that while same store sales grew by 11%, unit sales were down in the mid-single digits, indicating that the growth was driven by a shift towards higher average price point products [29][30] Question: What is the impact of tariffs on guidance? - Management clarified that the guidance reduction is primarily due to macro consumer concerns related to tariffs, with no specific tariff costs built into the guidance [39][40] Question: How is the promotional environment affecting inventory? - Management indicated that the industry is making progress in clearing aged inventory, but uncertainties in the market are leading to continued promotional activity [48][49] Question: How is demand in the superyacht division? - Management reported that the superyacht division remains solid, with strong bookings for the summer season in the Mediterranean [82][84] Question: What is the outlook for capital allocation in the current environment? - Management stated that while there are always acquisition opportunities, they are being more prudent in evaluating them given the current market conditions [86]

Financial Data and Key Metrics Changes - The company reported record revenue of over $631 million for March, reflecting strong execution and digital marketing efforts [7][17] - Same store sales grew by 11%, driven by aggressive pricing and promotional initiatives [8][19] - GAAP net income for the quarter was $3.3 million, or $0.14 per diluted share, an improvement from the previous year [19] - Adjusted EBITDA for the second quarter was $30.9 million, up 5% year-over-year [20] Business Line Data and Key Metrics Changes - The company experienced historically low margins on new and used boats due to aggressive pricing strategies [9][18] - Diversification into higher margin businesses, such as marinas and superyacht services, has helped mitigate cyclical volatility [9][12] - The gross margin for the quarter was 30%, remaining flat compared to the previous fiscal year [18] Market Data and Key Metrics Changes - The company noted a decline in overall unit volume year-over-year, particularly in the pontoon and value-oriented segments [17][18] - Premium categories performed better, indicating a shift in sales mix towards higher average price point products [17][18] Company Strategy and Development Direction - The company is focused on a customer-centric approach and leveraging technology for competitive advantage [6][7] - Strategic initiatives include selectively closing, consolidating, or expanding locations to align with growth opportunities [10] - The company is committed to building relationships in iconic destinations and enhancing its global superyacht and marina presence [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain economic climate and its impact on retail demand, particularly due to tariffs [6][16] - The company is tempering expectations for near-term growth and recognizing a slower recovery pace in the industry [25] - Despite challenges, management remains confident in the long-term strategic position within the premium segment [25] Other Important Information - The company has been recognized as a great place to work for two consecutive years, highlighting strong team tenure and culture [13] - The balance sheet remains strong, with cash and cash equivalents exceeding $203 million [20] Q&A Session Summary Question: Can you provide details on the disaggregation of the 11% same store sales growth? - Management indicated that the growth was driven by a shift towards premium product mix, despite unit declines in key segments [27][29] Question: What are the direct tariff costs impacting the company? - Management clarified that the guidance reduction is primarily due to macro consumer concerns rather than direct tariff costs [39][40] Question: How is the promotional environment affecting inventory levels? - Management noted that the industry is making progress in clearing aged inventory, with expectations for improved conditions in the summer [48][49] Question: How is consumer demand in the superyacht division? - Management reported strong bookings for the summer season in the Mediterranean, indicating resilience in the superyacht segment [82][84] Question: How does the company view its capital allocation strategy in the current environment? - Management emphasized a prudent approach to acquisitions while focusing on synergies between higher margin businesses [87][88]

Core Insights - MarineMax reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and showing an increase from $0.18 per share a year ago, representing an earnings surprise of 43.75% [1] - The company achieved revenues of $631.52 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.34% and increasing from $582.89 million year-over-year [2] - MarineMax has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Financial Performance - The company experienced a significant earnings surprise of 165.38% in the previous quarter, where it was expected to post a loss of $0.26 per share but instead reported earnings of $0.17 [1] - The current consensus EPS estimate for the upcoming quarter is $1.60 on revenues of $775.43 million, and for the current fiscal year, it is $2.41 on revenues of $2.42 billion [7] Market Position - MarineMax shares have declined approximately 33.3% since the beginning of the year, contrasting with the S&P 500's decline of 8.6% [3] - The Zacks Industry Rank indicates that the Retail - Miscellaneous sector is currently in the bottom 43% of over 250 Zacks industries, which may impact MarineMax's stock performance [8] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with mixed trends in estimate revisions noted prior to the earnings release [6] - The Zacks Rank for MarineMax is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]

Sales ~ ~ Second Quarter Net Income of $3.3 Million; Adjusted Net Income 1 of $5.4 Million ~ ~ Second Quarter Adjusted EBITDA Increased to $30.9 Million ~ ~ Second Quarter Gross Margin of 30.0%; YTD Gross Margin of 32.7% ~ ~ Second Quarter Same-Store Sales Increase of 11% ~ ~ Company Updates Fiscal 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ OLDSMAR, Florida, April 24, 2025 – MarineMax, Inc. (NYSE: HZO) ("MarineMax" or the "Company"), the world's largest recreational boat and yacht r ...

Core Viewpoint - Value investing remains a preferred strategy for identifying strong stocks across various market conditions, utilizing established valuation metrics to assess potential investments [2][3]. Group 1: Company Overview - MarineMax (HZO) is currently attracting investor attention, holding a Zacks Rank of 2 (Buy) and a Value grade of A [4]. - The stock is trading at a P/E ratio of 8.57, significantly lower than the industry average of 16.29 [4]. - HZO's Forward P/E has fluctuated between a high of 14.44 and a low of 6.56 over the past 12 months, with a median of 10.34 [4]. Group 2: Valuation Metrics - The P/S ratio for HZO is 0.22, compared to the industry average of 0.61, indicating a potential undervaluation [5]. - HZO's P/CF ratio stands at 5.51, which is attractive relative to the industry's average P/CF of 16.97 [6]. - Over the past 52 weeks, HZO's P/CF has ranged from a high of 9.91 to a low of 5.16, with a median of 7.25 [6]. Group 3: Investment Outlook - The combination of HZO's valuation metrics suggests that the stock is likely undervalued, supported by a strong earnings outlook [7].

Group 1 - The company focuses on the boating space, which is considered an unconventional investment area compared to cutting-edge technology [1] - Crude Value Insights provides an investing service centered on oil and natural gas, emphasizing cash flow and the potential for value and growth [1] - The service includes a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [2] Group 2 - Subscribers can take advantage of a two-week free trial to explore opportunities in the oil and gas industry [3]

Core Viewpoint - MarineMax, Inc. (HZO) reported first-quarter fiscal 2025 results with revenues falling short of estimates while earnings exceeded expectations, indicating challenges in the retail environment and impacts from recent hurricanes [1][4][5]. Financial Performance - Adjusted earnings were reported at 17 cents per share, surpassing the Zacks Consensus Estimate of an adjusted loss of 26 cents, but down from 19 cents in the prior year [4]. - Net sales totaled $468.5 million, missing the consensus estimate of $484 million and reflecting an 11.2% decline year-over-year, primarily due to reduced boat sales and hurricane disruptions [5][6]. - Comparable sales decreased by 11% year-over-year, with retail operations and product manufacturing net sales declining by 10.6% and 17.8%, respectively [5][6]. Margin and Expense Analysis - Gross profit decreased by 3.3% to $169.7 million, yet gross margin improved by 290 basis points year-over-year to 36.2%, driven by a favorable sales mix and contributions from higher-margin businesses [9]. - Adjusted selling, general and administrative (SG&A) expenses fell by 1.5% to $149.4 million, although as a percentage of net sales, SG&A expenses increased by 310 basis points to 31.9% [10][11]. - Adjusted EBITDA was reported at $26.1 million, down 2.2% from the previous year, with an adjusted EBITDA margin of 5.6%, up 50 basis points year-over-year [11]. Balance Sheet and Inventory - As of the end of the fiscal first quarter, the company had cash and cash equivalents of $145 million, long-term debt of $347.3 million, and shareholders' equity of $1 billion [12]. - Inventories increased by 18.1% year-over-year to $1.04 billion, indicating potential challenges in inventory management [12]. Guidance and Market Outlook - The company reaffirmed its fiscal 2025 guidance, expecting adjusted earnings per share between $1.80 and $2.80 and adjusted EBITDA between $150 million and $180 million, despite challenging conditions in the recreational marine industry [13].

Q1 FY 2025 Investor Presentation January 23, 2025 Forward-Looking Statements Information contained in this presentation, other than historical information, should be considered forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this presentation. These risks, assumptions, and uncertainties ...

Financial Data and Key Metrics - The company has not provided specific financial data or key metrics in the provided content [1][2][3][4] Business Line Data and Key Metrics - No specific data or metrics related to individual business lines were mentioned in the provided content [1][2][3][4] Market Data and Key Metrics - No specific market data or metrics were discussed in the provided content [1][2][3][4] Company Strategy and Industry Competition - The company has not disclosed any specific strategies or competitive positioning in the provided content [1][2][3][4] Management Commentary on Operating Environment and Future Outlook - The company mentioned that forward-looking statements involve risks and uncertainties, including the impact of seasonality, weather, and global economic conditions [4] Other Important Information - The earnings release and supplemental presentation can be found on the company's investor relations website [3] Q&A Session - No Q&A session content was provided in the documents [1][2][3][4]