| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|--------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | UNITED Jy WA MARINEMAX | | | t | | | | | | | | | | al a | | | | | | | | | | | | | t 34 | | | | | | | | | | | | | | | | | | | | | | | | | | and the said in the substition productions | | | | | | 2 DISCLAIMER Information contained in this presentation, other than h ...

PART I. FINANCIAL INFORMATION [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited condensed consolidated financial statements for periods ended March 31, 2021, show significant growth in revenue and net income, increased assets, and a shift to positive operating cash flow [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The statements show substantial revenue growth of **69.6%** to **$523.1 million** and net income surge of **668.7%** to **$38.9 million** for the three months ended March 31, 2021 Statement of Operations Highlights (in thousands, except per share data) | Metric | Three Months Ended Mar 31, 2021 | Three Months Ended Mar 31, 2020 | Change (%) | Six Months Ended Mar 31, 2021 | Six Months Ended Mar 31, 2020 | Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $523,095 | $308,475 | 69.6% | $934,618 | $612,647 | 52.6% | | **Gross Profit** | $156,806 | $78,776 | 99.0% | $280,207 | $158,794 | 76.4% | | **Income from Operations** | $52,870 | $9,716 | 444.1% | $84,853 | $25,348 | 234.7% | | **Net Income** | $38,935 | $5,065 | 668.7% | $62,535 | $14,124 | 342.8% | | **Diluted EPS** | $1.69 | $0.23 | 634.8% | $2.73 | $0.64 | 326.6% | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$925.1 million** as of March 31, 2021, driven by acquisitions and operating lease assets, while short-term borrowings significantly decreased Balance Sheet Summary (in thousands) | Account | March 31, 2021 | September 30, 2020 | | :--- | :--- | :--- | | **Total Current Assets** | $515,054 | $503,327 | | **Total Assets** | $925,126 | $775,319 | | **Total Current Liabilities** | $240,176 | $272,534 | | **Total Liabilities** | $401,822 | $319,922 | | **Total Shareholders' Equity** | $523,304 | $455,397 | - Short-term borrowings decreased substantially to **$35.8 million** at March 31, 2021, from **$144.4 million** at September 30, 2020[16](index=16&type=chunk) - Goodwill and other intangible assets increased from **$84.3 million** to **$142.2 million**, largely due to the SkipperBud's acquisition[16](index=16&type=chunk)[57](index=57&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities significantly improved to **$146.6 million** for the six months ended March 31, 2021, driven by higher net income and working capital management Cash Flow Summary (in thousands) | Cash Flow Activity | Six Months Ended Mar 31, 2021 | Six Months Ended Mar 31, 2020 | | :--- | :--- | :--- | | **Net cash from Operating Activities** | $146,640 | $(18,608) | | **Net cash from Investing Activities** | $(64,260) | $(5,125) | | **Net cash from Financing Activities** | $(95,094) | $49,569 | | **Net (Decrease) Increase in Cash** | $(12,605) | $25,895 | | **Cash at End of Period** | $142,888 | $64,406 | - Cash used in acquisitions was **$50.3 million** for the six months ended March 31, 2021, compared to **$1.4 million** in the prior year period[21](index=21&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail business background, accounting policies, and key financial components, including the SkipperBud's acquisition, revenue recognition, and credit facility terms - The company is the largest recreational boat and yacht retailer in the U.S., operating **77 retail locations** in **21 states** as of March 31, 2021[23](index=23&type=chunk) - In October 2020, the company acquired SkipperBud's for an aggregate purchase price of **$55 million**, plus a potential earnout of up to **$9.3 million**, adding approximately **$56.4 million** in goodwill[26](index=26&type=chunk)[52](index=52&type=chunk)[55](index=55&type=chunk) - Revenue from goods and services transferred at a point in time constituted **93.1%** of total revenue for the three months ended March 31, 2021[44](index=44&type=chunk) - The company has a **$440 million** credit facility expiring in May 2023, with **$35.8 million** outstanding and approximately **$181 million** additional availability as of March 31, 2021[60](index=60&type=chunk)[63](index=63&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes strong performance to robust consumer demand, leading to significant comparable-store sales growth, expanded gross margins, improved operating leverage, and strong liquidity [Consolidated Results of Operations](index=23&type=section&id=Consolidated%20Results%20of%20Operations) Revenue increased **69.6%** to **$523.1 million** for the three months ended March 31, 2021, driven by comparable-store sales and acquisitions, with gross margin improving to **30.0%** Q2 FY2021 vs Q2 FY2020 Performance (Three Months Ended March 31) | Metric | 2021 | 2020 | Change (%) | | :--- | :--- | :--- | :--- | | **Revenue** | $523.1M | $308.5M | +69.6% | | **Comparable-Store Sales** | - | - | +45.5% | | **Gross Profit** | $156.8M | $78.8M | +99.0% | | **Gross Margin** | 30.0% | 25.5% | +450 bps | | **SG&A as % of Revenue** | 19.9% | 22.4% | -250 bps | H1 FY2021 vs H1 FY2020 Performance (Six Months Ended March 31) | Metric | 2021 | 2020 | Change (%) | | :--- | :--- | :--- | :--- | | **Revenue** | $934.6M | $612.6M | +52.6% | | **Comparable-Store Sales** | - | - | +32.9% | | **Gross Profit** | $280.2M | $158.8M | +76.4% | | **Gross Margin** | 30.0% | 25.9% | +410 bps | | **SG&A as % of Revenue** | 20.9% | 21.8% | -90 bps | - The increase in gross profit margin was primarily due to demand-driven increases in new and used boat margins and growth in higher-margin businesses, including contributions from the Northrop & Johnson acquisition[98](index=98&type=chunk)[103](index=103&type=chunk) [Liquidity and Capital Resources](index=24&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a strong liquidity position, with **$146.6 million** cash from operations and **$181 million** available under its credit facility, ensuring adequate resources for future needs - Cash provided by operating activities was **$146.6 million** for the six months ended March 31, 2021, a stark contrast to the **$18.6 million** used in the same period of 2020[110](index=110&type=chunk) - The company has a **$440 million** credit facility with leverage and current ratio covenants, and was in compliance with all covenants as of March 31, 2021[109](index=109&type=chunk)[114](index=114&type=chunk) - As of March 31, 2021, additional available borrowings under the Credit Facility were approximately **$181 million**[117](index=117&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=26&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from interest rates and foreign currency exchange rates, with a **100 basis point** interest rate increase impacting pre-tax expense by **$0.4 million** - A hypothetical **100 basis point** increase in interest rates would raise annual pre-tax interest expense by about **$0.4 million**, based on the short-term debt balance as of March 31, 2021[122](index=122&type=chunk) - The company faces foreign currency exchange risk from products purchased from European and Chinese manufacturers, which could affect product pricing and profitability, and is not currently using hedging transactions[123](index=123&type=chunk) [Controls and Procedures](index=27&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, and the company is implementing internal controls for the newly acquired SkipperBud's subsidiary - The CEO and CFO evaluated disclosure controls and procedures and found them to be effective at a reasonable assurance level as of the end of the reporting period[126](index=126&type=chunk) - Following the acquisition of SkipperBud's on October 1, 2020, the company is implementing its standard accounting processes and internal controls over financial reporting for the new subsidiary[127](index=127&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=27&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal actions arising in the ordinary course of business, which are not expected to have a material adverse effect - The company is party to various legal actions arising in the ordinary course of business, which are not expected to have a material adverse effect[131](index=131&type=chunk) [Risk Factors](index=27&type=section&id=Item%201A.%20Risk%20Factors) No new risk factors were disclosed in this quarterly report - No new risk factors were disclosed in this quarterly report[132](index=132&type=chunk) [Exhibits](index=28&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including executive retention agreements and CEO/CFO certifications - Exhibits filed include CEO and CFO certifications (**31.1, 31.2, 32.1, 32.2**) and Key Executive Retention Agreements[138](index=138&type=chunk)

MarineMax, Inc. (NYSE:HZO) Q2 2021 Earnings Conference Call April 22, 2021 10:00 AM ET Company Participants Dawn Francfort - ICR Michael McLamb - EVP, CFO, Secretary & Director Brett McGill - CEO, President & Director Conference Call Participants Frederick Wightman - Wolfe Research Joseph Altobello - Raymond James & Associates Michael Swartz - Truist Securities James Hardiman - Wedbush Securities Colton West - Longbow Research Operator Good morning, and welcome to the MarineMax, Inc. 2021 Fiscal Second Qua ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2020. Commission File Number. 1-14173 MARINEMAX, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) Florida 59-3496957 2600 McCormick Drive, Suite 200 Clearwater, Florida 33759 (Address ...

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MarineMax, Inc. (NYSE:HZO) Q1 2021 Earnings Conference Call January 28, 2021 10:00 AM ET Corporate Participants Dawn Francfort - ICR Brett McGill - President and Chief Executive Officer Mike McLamb - Chief Financial Officer Conference Call Participants Joseph Altobello - Raymond James James Hardiman - Wedbush Securities Eric Wold - B. Riley Frederick Wightman - Wolfe Research Scott Stember - CL King & Associates Mike Swartz - Truist Securities Brandon Rolle - Northcoast Research Partners Operator Greetings ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2020 Commission File Number 1-14173 MarineMax, Inc. (Exact Name of Registrant as Specified in Its Charter) Florida 59-3496957 (State of Incorporation) (I.R.S. Employer Identification No.) 2600 McCormick Drive Suite 200 Clearwater, Florida 33759 (727) 531-1700 (Address, including zip code, and telephone n ...

MarineMax, Inc. (NYSE:HZO) Q4 2020 Earnings Conference Call October 28, 2020 9:00 AM ET Company Participants Dawn Francfort - ICR Michael McLamb - EVP, CFO, Secretary & Director William McGill - President, CEO & Director Conference Call Participants Frederick Wightman - Wolfe Research Joseph Altobello - Raymond James & Associates Eric Wold - B. Riley Securities Michael Swartz - Truist Securities Scott Stember - CL King & Associates James Hardiman - Wedbush Securities Brandon Rolle - Northcoast Research Part ...

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