Liquidity Services : Investor Presentation Q2 FY24

Investor Presentation

Second Quarter Fiscal Year 2024

© Liquidity Services, Inc. All Rights Reserved.

1

Forward-Looking Information

This document contains forward-looking statements. These statements are only predictions. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These risks and other factors include but are not limited to the factors set forth in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023, and subsequent filings with the Securities and Exchange Commission (SEC). You can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continues" or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. There may be other factors of which we are currently unaware or deem immaterial that may cause our actual results to differ materially from the forward-looking statements.

All forward-looking statements attributable to us or persons acting on our behalf apply only as of the date of this document and are expressly qualified in their entirety by the cautionary statements included in this document. Except as may be required by law, we undertake no

obligation to publicly update or revise any forward-looking statement to reflect events or circumstances occurring after the date of this document or to reflect the occurrence of unanticipated events.

To supplement our consolidated financial statements presented in accordance with generally accepted accounting principles (GAAP), we use certain non-GAAP measures of certain components of financial performance. These non-GAAP measures include earnings before interest, taxes, depreciation and amortization (EBITDA), Adjusted EBITDA, Adjusted Net Income (Loss), and Adjusted Earnings (Loss) per Share. These non-GAAP measures are provided to enhance investors' overall understanding of our current financial performance and prospects for the future. We use EBITDA and Adjusted EBITDA: (a) as measurements of operating performance because they assist us in comparing our operating performance on a consistent basis as they do not reflect the impact of items not directly resulting from our core operations; (b) for planning purposes, including the preparation of our internal annual operating budget; (c) to allocate resources to enhance the financial performance of our business; (d) to evaluate the effectiveness of our operational strategies; and (e) to evaluate our capacity to fund capital expenditures and expand our business. We believe these non-GAAP measures provide useful information to both management and investors by excluding certain expenses that may not be indicative of our core operating measures. In addition, because we have historically reported certain non-GAAP measures to investors, we

believe the inclusion of non-GAAP measures provides consistency in our financial reporting. These measures should be considered in addition to financial information prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. A reconciliation of all non-GAAP measures included in this presentation to the most directly comparable GAAP measures is included in this presentation.

The following discussion should be read in conjunction with our condensed consolidated financial statements and related notes and the information contained in our Quarterly Report on Form 10-Q as of and for the three and six months ended March 31, 2024.

© Liquidity Services, Inc. All Rights Reserved.

2

Who We Are

Liquidity Services operates the world's largest

B2B e-commerce marketplace platform for surplus assets powering the growth of the Circular Economy.

To Power the Circular Economy, we:

• Sell, manage, and value surplus assets across the globe in a broad range of categories and conditions
• Maximize value recovery with the broadest buyer base through our efficient global marketplace platform
• Optimize and execute surplus management strategies to achieve client business goals

© Liquidity Services, Inc. All Rights Reserved.

3

	Liquidity Services is a first mover and global
	leader in transforming the Circular Economy,
	which provides long-term investors the
What is the	opportunity to drive financial returns while making
a positive impact on the environment.

Circular Economy?

Definition: "The circular economy is a model of

production and consumption, which involves

sharing, leasing, reusing, repairing, refurbishing

and recycling existing materials and products as

long as possible."*

*European Parliament

© Liquidity Services, Inc. All Rights Reserved.

4

The Industry Leader in the Circular Economy

15,000+

Trusted Clients

Worldwide

1 Million+

Transactions Completed Annually in

100+ Countries

5 Million+

Registered

Buyers

$10 Billion+

Completed

Transactions

130+

Fortune 1000

Global Clients

600+

Asset Categories

Experience

B2B | B2C

Multichannel Marketing & Sales Strategies

LQDT▲

Publicly Traded

Since 2006 IPO

© Liquidity Services, Inc. All Rights Reserved.

5

Our Purpose

To build the world's leading marketplace for surplus assets to benefit sellers, buyers and the planet

Our Sellers

For enterprises with used, idle, or excess assets and inventory we provide:

• Expertise and intelligence that achieve high-performance results aligned to strategic goals
• Comprehensive and scalable solutions
• Superior people, processes, and systems to maximize return

Our Buyers

For organizations and consumers looking to achieve business or personal goals we offer:

• Convenient access to a wide range of assets
• Accurate, comprehensive product information and fair market prices
• Helpful, responsive customer support when it is needed

The Planet

For the planet's natural resources, environment, and beauty we:

• Extend life of assets and inventory and increase reuse and recycling
• Prevent unnecessary waste and reduce the number of products headed to landfills
• Dispose of surplus in an environmentally safe manner

© Liquidity Services, Inc. All Rights Reserved.

6

Vision and Strategic Pillars

Liquidity Services will build the world's leading marketplace for surplus assets to benefit sellers, buyers and the planet.

	Recovery Maximization
	Drive higher net recovery through technology and innovation
R that improves the buyer experience
I	Increased Volume
Grow annualized volume transacted on our platform with
flexible service offerings and pricing models to meet the
	needs of existing and new sellers
S	Service Expansion
Grow services with recurring revenue
	characteristics that leverage our domain
	expertise, data and marketplace channels

Expense Leverage

E Improve operating expense leverage by controlling costs and through technology and innovation that increases productivity

Data/

Matching

Volume/

Breadth

More	Profitable	More
Sellers	Growth	Buyers

Higher

Recovery

© Liquidity Services, Inc. All Rights Reserved.

7

Delivering Maximum Value to Sellers

Better Service	Better Scale	Better Results
Superior levels of industry and asset	Comprehensive, modular, and scalable	Right combination of great people,
expertise, responsiveness, intelligence, and	solutions spanning all volumes, asset	best-in-class processes, and cutting-
analytics that achieve high-performance	categories, conditions, sales channels,	edge systems to deliver maximum
results aligned to our sellers' goals.	and locations worldwide.	return today and into the future.

Serving the Broadest Base of Industries

Aerospace	Electronic	Industrial	Automotive	Energy	Mining & Large
& Defense	Manufacturing	Manufacturing	Manufacturing	Construction

Biopharma	Fast-Moving	Retail	Consumer Brands	Government	Transportation
Consumer Goods	& OEM's

© Liquidity Services, Inc. All Rights Reserved.

8

Providing Superior Buyer Experiences

Superior Product Quality and Information

Large volumes and recurring flows of products; refurbishment services to enhance and ensure product quality; ability to view detailed product information, ask questions, and inspect items

Fair Prices

Auction format ensures assets are sold for fair market value; assets available all over the world, making it easy to keep shipping costs low or pick up items

Excellent Customer Service

Support every aspect of the buyer experience. Rated A+ provider by the Better Business Bureau

© Liquidity Services, Inc. All Rights Reserved.

9

Our ESG Objectives

	Our Services Enable the Circular Economy​.We empower
Environmental	corporations and governments to use our e-commerce services
to resell their surplus assets, which, in turn, enables a more
	sustainable and circular economy.
	We Empower Small Business Entrepreneurs. We empower
Economic	small business entrepreneurs by enabling their access to a
global supply of finished merchandise and capital assets, which,
Opportunity​
in turn, allows them to build and grow their businesses and
	contribute to the prosperity of their local communities.
	Our Diverse and Inclusive Workplace Drives Innovation. We
	constantly seek, develop and implement innovative new ideas to
Social	enhance our suite of solutions. To achieve this, we seek diverse
perspectives, foster an inclusive workplace and strive to help
	each employee achieve success using each person's unique
	talents, skills and contributions​.
	Trust Grows our Marketplaces. Creating trust is fundamental
Governance	to the long-term growth and success of our marketplaces.
Accordingly, we continuously execute and improve our services
	following our core values of: Integrity; Mutual Trust and
	Accountability; and Doing Well and Doing Good​.

© Liquidity Services, Inc. All Rights Reserved.

10