Investor Presentation October 2021 slide image

Investor Presentation October 2021

INVESTOR PRESENTATION / OCTOBER 2023 NEAR-TERM CUSTOMER BACKLOG POTENTIAL OF OVER $250 MILLION Verde is in various stages of product development and testing with potential customers, including Fortune 500 brands, plastics manufacturers, and plastics packaging players. Some have started transition to production. Rigid Disposable Packaging . Single use, secondary packaging . Food container applications FINANCIAL FORECAST¹ ($ in mm) Year 1 Year 2 Durable Goods Flexible Packaging ADJUSTED SALES 60.0 - 11.5 80.02 Reusable storage containers . Candy bags GROSS PROFIT 5.1 28.8-38.4 • Reusable retail Household products bags EBITDA -3.3 9.0-15.8 Golf tees Shipping envelopes 1. Note: The financial forecast is dependent on the closing date of the Proposed transaction ("T") due to capital requirement. Therefore, in above Year 1 represents the 12 month period from T minus six months (T-6) to T plus six months (T+6), where T is the closing date of the Proposed Transaction. Yr 2 from T plus six months (T+6) to T plus eighteen months (T+18) For example, if the Proposed Transaction were to close on December 31, 2023 then Year 1 would be between July 1, 2023 to June 30, 2024. 2. Subject to raising expansion capital of at least $15M by the beginning of Yr 1 H2 (i.e., at the closing of the Proposed Transaction) 17
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