DW8 Growth, page-12384

Have been reviewing/calculating Kaddy GMV current run rate.

Total GMV was $1.6M for Q2 FY22 including 3 weeks Kaddy contribution.

Winedepot GMV was up 46.1% QOQ thus 223K GMV Q1 FY22 increased to $325.8k GMV Q2 GY22. We'll round it off to $326M GMV.

So $1.6M GMV - $326k Winedepot GMV = $1.274M GMV / 3 weeks via Kaddy = $424.67k pw Kaddy GMV x 52 = $22.08M.

Kaddy GMV has grown from $18M pa to $22.08M pa since the acquisition was announced.

Winedepot GMV has grown from $892k pa to $1.304M QOQ. Combined December GMV run rate is $23.384M pa.

Extrapolate Kaddy forwards 12 months at current growth rate = $50M GMV.

Extrapolate Winedepot forwards 12 months at current growth rate = $6M GMV.

At current growth with covid disruptions & minimal integration GMV target is $56M in 12 months.

With less covid interruptions & full integration GMV should be circa $65M in 12 months.