OneWater Marine (ONEW) Registration Filing summary

Company overview and business model

• Operates 98 dealerships, 10 distribution centers/warehouses, and multiple online marketplaces as of August 31, 2024, making it one of the largest and fastest-growing marine retailers in the U.S.

• Dealer groups are located in attractive markets across the Southeast, Gulf Coast, Mid-Atlantic, and Northeast, many in top states for marine retail expenditures.

• Revenue streams include boat sales, finance and insurance, and service, parts, and other related sales.

• Formed in 2014 through a combination of two marine dealerships and has since acquired 81 additional dealerships and expanded its distribution and online presence.

Use of proceeds and capital allocation

• Net proceeds from the sale of securities will be used for working capital and general corporate purposes, which may include acquisitions.

• Specific application of proceeds for each offering will be detailed in the applicable prospectus supplement.

Risk factors and disclosures

• Investment involves significant risk, including those detailed in the most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, all incorporated by reference.

• Risks include economic conditions, industry seasonality, supply chain challenges, competition, integration of acquisitions, and regulatory changes.

• Additional risks may arise that are not currently known or are considered immaterial.