OneWater Marine Inc.

Standing by, welcome to the One Water Marine, Inc. Fiscal Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Jack Ezell, Chief Financial Officer. Please go ahead.

Good morning and welcome to One Water Marine's fiscal second quarter 2021 earnings conference call. I am joined on the call today by Austin Singleton, Chief Executive Officer, and Anthony Asquith, President and Chief Operating Officer. Before we begin, I would like to remind you that certain statements made by management in this morning's conference call regarding One Water Marine and its operations may be considered forward-looking statements under securities law and involve a number of risks and uncertainties. As a result, the company cautions you that there are a number of factors, many of which are beyond the company's control, which could cause actual results to differ materially from those described in the forward-looking statements. Factors that might affect future results are discussed in the company's earnings release, which can be found on the investor relations section on the company's website and in its SEC filings. The company disclaims any obligations or undertaking to update forward-looking information to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law. And with that, I'd like to turn the call over to Austin Singleton, who will begin with a few opening remarks.

Austin? Thanks, Jack, and thank you, everyone, for joining today's call. We delivered incredible results for the second quarter of 2021 with growth across every part of our business. Revenues increased 74% to a record $330 million. Adjusted EBITDA increased 315% and same store sales increased 57%. Importantly, our higher margin finance and insurance revenue also grew significantly by 46% and we doubled our service parts and other revenue. The continued expansion of these businesses emphasize the strength of our strategy to move beyond new and pre-owned boat sales, adding stable revenue streams for our long-term growth. OneWater is firing on all cylinders, and I am extremely proud of our team's ability to remain agile in today's fast-paced, dynamic environment. Our investment in technologies continue to enable us to differentiate ourselves in the market and capture the seamlessly limitless customer desire to get out on the water. These technologies bolster our ability to not only sell boats, but also sell the right boats to the right customers as quick as possible. Importantly, our digital solutions drive operational efficiencies across our business, maximizing profit and extending our competitive advantage throughout the industry. With no indications of slowing down, we believe this level of demand will remain heightened as new and experienced boaters come to OneWater for our arsenal of premium boats and robust service capabilities. During the last several months, we have had a number of exciting announcements and developments. First, we executed the soft launch of BoatsForSale.com, our all-inclusive virtual platform to buy, sell, and compare boats that provides easy access to financing and insurance offerings. Anthony will talk more about this in his remarks, but suffice to say, While a small part of our business today, we see this platform as having the potential to be a big opportunity for us. Further, we announced the creation and expansion of One Water Yacht Group, which unifies One Water's yachting presence and provides a launch pad for further growth. At the same time, we amplified our service and repair offerings at the Rossiola Yachting Center. Additionally, last week we announced that One Water was named the sole U.S. distributor for Sunseeker Yachts. a leading manufacturer of premier yachts based in the U.K. with customers across the globe. One Water Yacht Group has been a key dealer for Sunseeker across most of the eastern seaboard, and under the terms of the agreement, we will now manage the Sunseeker dealer network in other markets throughout the U.S. This first-of-its-kind agreement is a statement to our proven execution and strong partnerships. It is exciting, to say the least, as it will allow us to further enhance our portfolio of premium brands and expand our geographic reach and presence in the luxury yacht market. Finally, the integration of our three acquisitions, Tom George Yacht Group, Walker Marine, and Rossiolis are progressing well and in alignment with our proven playbook. Our disciplined and prudent approach to identify top dealers in high-performing markets is and our flawless integration continues to advance our position as an industry leader. With these integrating well, we now expect to complete four to six typical acquisitions per year for the next several years. As we execute our long-term growth strategy, we are confident that through continued investment in our innovative digital platforms, the evolution of our higher margin business segments, and the integration of our recent M&A activities, we will further extend our market share and generate meaningful value to our shareholders. With that, I will turn it over to Anthony to discuss business operations.