Fgi Industries Ltd. · NASDAQ:FGI
Fgi Industries — Q4 2024 Earnings Presentation
16 slides from Fgi Industries's earnings presentation, 2025
Slide 1: Investor Presentation Fourth Quarter 2024
Investor Presentation Fourth Quarter 2024
Slide 2: Disclaimer
Disclaimer Certain matters discussed in this presentation contains forward-looking statements concerning our business, operations and financial performance and conditions, as well as our plans, objectives and expectations for our business operations and financial performance and condition. These sta
Slide 3: FGI Industries at a Glance
FGI Industries at a Glance Leading global B2B supplier of Kitchen and Bath Products Revenue by Product Category FGI is a leading global B2B supplier of Kitchen and Bath products with a reputation of Innovation, Shower System Others Quality and Service developed over 30 years in conjunction with our
Slide 4: Company Overview
Company Overview Diverse Business Mix Provides Stability Sanitaryware Bath Furniture Shower Systems Kitchen Cabinetry, etc. $81MM in 2024 Sales (62% of sales) $15MM in 2024 Sales (11% of sales) $26MM in 2024 Sales (19% of sales) $10MM in 2024 Sales (8% of sales) Sanitaryware segment markets and sell
Slide 5: Key Investment Highlights
Key Investment Highlights Opportunity to drive significant shareholder value Diversified Portfolio and History of Innovation • Diversified mix of products, market segments and sales channels • Tradition of strong innovation with leading ‘on-trend’ designs: Innovation, Quality, Services We are dedica
Slide 6: Key Metrics
Key Metrics 1. Revenue mix – drive above market growth a. Shower systems b. Cabinetry c. Geographic growth 2. Higher gross profits and margin 3. Leverage operating expenses 6
Slide 7: Fourth Quarter Overview and Financial Review
Fourth Quarter Overview and Financial Review 7
Slide 8: Business Highlights – 4Q24
Business Highlights – 4Q24 Revenue Operating Income 4Q24 results were highlighted by strong gross Fourth quarter revenue increased 15.0% Operating income declined year-over- year-over-year due to growth across all year due to incremental investments in profit and further progress our businesses and
Slide 9: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results Total Revenue Gross Profit Adjusted Operating Income(1) Adjusted Net Income(1) $MM $MM $MM $MM $1.7 $131.8 $35.4 $117.2 $32.1 $2.8 $0.9 $1.4 $31.0 $35.6 $9.0 $8.7 $(0.7) $(0.9) $(1.1) $(1.6) 4Q23 4Q24 LTM LTM 4Q23 4Q24 LTM LTM 4Q23 4Q24 LTM LTM 4Q23 4Q24 LTM
Slide 10: Quarterly Business Line Results
Quarterly Business Line Results Revenue by Product Category Sanitaryware Bath Furniture Shower Systems Other $MM $MM $MM $MM $25.5 $10.4 $81.1 $75.6 $14.8 $14.7 $20.0 $6.9 $3.6 $20.6 $21.8 $5.7 $6.7 $3.5 $2.1 $2.5 4Q23 4Q24 LTM LTM 4Q23 4Q24 LTM LTM 4Q23 4Q24 LTM LTM 4Q23 4Q24 LTM LTM 4Q23 4Q24 4Q23
Slide 11: Balance Sheet & Liquidity Update
Balance Sheet & Liquidity Update Cash & Availability ($MM) Net Debt (1) ($MM) Balance sheet strength and $24.4 liquidity continues to support $23.8 $22.5 $22.6 $20.9 $9.4 $9.9 ongoing working capital needs $17.8 $17.4 $16.3 $15.6 $8.4 $8.1 • Cash and availability under our facilities was $15.6 milli
Slide 12: Financial Outlook 2025 Guidance
Financial Outlook 2025 Guidance Adjusted Adjusted Net Revenue Operating Income Net Income $135 – 145 million $(2.0) – 1.5 million $(1.9) – 1.0 million Guidance for adjusted operating income is presented on an adjusted basis and excludes certain non-recurring items. Guidance for adjusted net income i
Slide 13: Investment Conclusion
Investment Conclusion Ample liquidity to support ongoing growth of business TRUSTED GLOBAL SUPPLIER STRONG ORGANIC GROWTH POTENTIAL We are global, diversified, and reputable supplier We pursue a “BPC” strategy: focus on Brands, of quality kitchen & bath products (Innovation, Products and sales Chann
Slide 14: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations For the Three Months Ended For the Years Ended December 31, December 31, 2024 2023 2024 2023 USD USD USD USD (Loss) income from operations $ (1,262,469) $ 1,245,405 $ (2,099,591) $ 2,304,443 Adjustments: Non-recurring IPO-related share-based compensation 59,719 59,
Slide 15: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations For the Three Months Ended For the Years Ended December 31, December 31, 2024 2023 2024 2023 USD USD USD USD (Loss) income before income taxes $ (1,013,987) $ 862,599 $ (2,282,098) $ 1,387,788 Adjustments: Non-recurring IPO-related share-based compensation 59,719 5
Slide 16: Appendix: Non-GAAP Reconciliations
Appendix: Non-GAAP Reconciliations 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Total debt $ 8,426,548 $ 7,863,680 $ 7,962,203 $ 6,959,175 $ 11,442,651 $ 9,692,200 $ 12,485,497 $ 14,502,367 Less: cash 7,380,232 6,894,762 5,369,947 7,777,241 3,319,066 1,307,092 3,044,662 4,558,160 Net debt $ 1,046,316 $ 9