Digital Leader With Deep Strength in Commercial & Dealer
1.3M
$24B
50K
>200K
Total vehicles
Gross merchandise
Unique sellers
Average vehicles
sold in 2023
value
& buyers*
offered per month
Marketplace Statistics
Customer Statistics
COMMERCIAL
DEALER
~50% of 2023 volume
~50% 2023 volume
40+ exclusive OEM / Financial
35K annual active dealers*
institution customers*
* Customer statistics are North America only
Company Overview
6
Floorplan Business
Digital leader in independent dealer financing and related services
Finance Statistics
1.6M
14K
1.4K
~90
Loan Transaction
Unique independent
Approved
Local branch locations
Units in 2023
dealers
inventory sources
in North America
Products & Capabilities
Physical /
Non-Auction
Title
Principal Pass
Lien Pay
Daily Tab
Digital Model
Purchases
Processing
Company Overview
7
Accelerating a Future of Innovation & Growth
Simplify the
Consolidate
Focus
Accelerate
Enable growth
customer
platforms &
strategy &
innovation & product
& improve
experience
manage costs
investments
development
stockholder value
Company Overview
8
OPENLANE 1Q24 Highlights
372K | 13%
Vehicles sold in
YoY unit volume
marketplace segment
growth
$7B | 17%
Gross Merchandize
YoY growth
Value (GMV)
$75M | 47%
Consolidated Marketplace % of adjusted EBITDA total adjusted
EBITDA
Results demonstrate strength and potential of
OPENLANE's digital, asset-light model
Strong cash flow characteristics improve liquidity and flexibility in capital deployment
One brand/one marketplace strategy differentiates OPENLANE, increases efficiency and reduces cost
Improving macro-outlook for commercial off-lease volumes
Company Overview
* Adjusted EBITDA is a non-GAAP measure and is defined and reconciled to the most comparable GAAP measure, income (loss) from continuing operations, in our 1Q24 Form 10-Q.
9
OPENLANE: Investment Highlights
Digital marketplace leader for wholesale used vehicles
Large TAM with meaningful opportunities for growth
Clear strategy to accelerate innovation product development
Cash flow positive with ability to invest and deliver stockholder value
Projected Long-Term Earnings Growth Opportunity
Company Overview
10
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Disclaimer
Openlane Inc. published this content on
20 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
20 May 2024 18:11:02 UTC.
OPENLANE, Inc. provides sellers and buyers across the global wholesale used vehicle industry with technology-driven remarketing solutions. It offers a digital marketplace for used vehicles, connecting sellers and buyers across North America and Europe. The Company's end-to-end platform supports whole car, financing, logistics and other ancillary and related services. The Companyâs segments include Marketplace and Finance. The Marketplace segment serves a domestic and international customer base through digital marketplaces for wholesale vehicles that allow the buyers to inspect and compare vehicles. Its marketplace offerings allow it to offer vehicles for sale from any location. Digital marketplace sales are initiated online and include OPENLANE US, OPENLANE Canada and OPENLANE Europe sales. The Finance segment provides short-term, inventory-secured financing, known as floorplan financing, primarily to independent dealer customers throughout the United States and Canada.
OPENLANE, INC. 
