{
  "docId": "019de076-7c95-74d8-9577-8aabac2f4ac8",
  "docSlug": "293ae3300f0847e8ae6896f754b9c420",
  "documentTitle": "FGI Industries | Investor Presentation Deck | 30 slides",
  "authorId": "fgi-industries",
  "authorName": "FGI Industries",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-12-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 22,
  "pageCount": 30,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "executive_summary",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 4,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-7c95-74d8-9577-8aabac2f4ac8/22",
  "deckHref": "/decks/019de076-7c95-74d8-9577-8aabac2f4ac8",
  "deckJsonHref": "/decks/019de076-7c95-74d8-9577-8aabac2f4ac8.json",
  "deckAnchorHref": "/decks/019de076-7c95-74d8-9577-8aabac2f4ac8#slide-22",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.26,
        "x": 0.66,
        "y": 0.72
      },
      "kind": "callout",
      "text": "Favorable Market Trends: Demand trends across most of our key product categories remained relatively stable despite the macro headwinds",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "11452bc7-3719-47a1-8c21-224a6f8ae759",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.26,
        "x": 0.37,
        "y": 0.72
      },
      "kind": "callout",
      "text": "Gross Margin: Third quarter gross margin was 26.2%, up 530 basis points from the prior year",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "34ce919e-93bf-481a-ba13-eacf7ad1cba6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.26,
        "x": 0.37,
        "y": 0.45
      },
      "kind": "callout",
      "text": "Organic Growth Initiatives: We made progress on recently announced new awards and continued to add new dealers for our custom kitchen cabinetry business. Our agreement to license overflow toilet technology was expanded to include Canada.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "631b677b-b088-430e-9436-684a8e407a8d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.26,
        "x": 0.66,
        "y": 0.45
      },
      "kind": "callout",
      "text": "Strong Financial Position: We ended the quarter with only $2.6 million of net debt(1) and total liquidity of $20.9 million",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "69676ceb-a6af-401b-aae1-22740d896c5f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.26,
        "x": 0.37,
        "y": 0.0017
      },
      "kind": "callout",
      "text": "Revenue: Third quarter revenue declined 22% driven by continued inventory de-stocking and uneven demand trends",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8c94d6a4-24be-426f-99b3-a7c7098f3d3f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.26,
        "x": 0.66,
        "y": 0.2
      },
      "kind": "callout",
      "text": "Operating Income: Operating income was impacted by ongoing investments in our BPC organic growth initiatives",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d5a4c967-c16a-46b7-94f7-5886f3f7392a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.3,
        "x": 0.035,
        "y": 0.45
      },
      "kind": "list",
      "text": "Revenue pressured by de-stocking and macro headwinds; Progress on BPC strategy positioning company for growth; Meaningful gross margin improvement; Strong financial position",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0a4d4e05-9566-4e27-ae37-2efd787ddb6f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.3,
        "x": 0.035,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "3Q23 results were highlighted by continued gross margin improvement, further progress on our BPC strategy, and disciplined working capital management",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8594eb63-7766-4f61-80e3-e82f3e347a1d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.35,
        "x": 0.035,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "(1) See attached appendix for reconciliation of GAAP and non-GAAP financial measures",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "59e8bc2e-7675-49c1-9668-667c674fb39b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.45,
        "x": 0.035,
        "y": 0.06
      },
      "kind": "title",
      "text": "Business Highlights – 3Q23",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3fe312d9-490e-4b1f-8baa-81d306b8e61a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "f7d45356-27cd-41fb-9fb6-7a032edda604",
      "evidence": "Business Highlights – 3Q23",
      "confidence": 0.9
    },
    {
      "name": "List presentation",
      "slug": "list-presentation",
      "agent": null,
      "layer": "slide",
      "matchId": "042cb940-2f1d-489d-b10b-487959d0bfb4",
      "evidence": "list/bullet: Revenue pressured by de-stocking and macro headwinds; Progress on BPC strategy positioning company for growth; Meaningful gross margin improvement; Strong financial position",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 26,
      "from": 21,
      "beatId": "5c9b88df-a81c-4bf8-a4f0-de0d6726e5c2",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The company's financial performance and outlook are presented on pages 21-26.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}