Stryve Business Combination with Andina Acquisition Corp. III
We Are Changing The
Stryve
Way America Snacks
Stryve Brands Today
A Dried Beaded Ben Dried Beef Ch
KALAHARI CRIS ARIC KALAHARI CRISPS
Stryve
VACADILLOS
KALAHARI SNACKS
Braaitime
Brocitim
Nutrition Facts
Platform Expansion Opportunity
Stryve will continue to expand by capitalizing on the strengths of its existing business, while staying
true to its mission
Platform Expansion Filters
Large, fragmented category
OTHER SNACK CATEGORIES
• Category has several big CPG players
SAVORY SNACKS
• White space for health-driven innovation
• Category has underdeveloped channels
or target consumers
TRAIL
MIX
DRIED
FRUIT
• Category is e-commerce friendly
COOKIES
MEAT SNACKS
Stryve
VACADILLOS
====
GRAINS
Braaitime
KALAHARI BILTONG
CRACKERS
CHIPS
NUTS
SEEDS
BARS
DRIED
VEGETABLES
Path to Profitability
The Company has been aggressively executing a multi-factor plan to materially improve its profitability
and cash flow since late 2019
GROSS
MARGIN
SALES &
MARKETING
PLATFORM
BUILT
Product cost savings through strategic raw material sourcing
Lean manufacturing and process improvements to drive production yields
Focused marketing spend on digital campaigns with measurable ROI
Optimized marketing spend to drive incremental revenue in highest margin channels
Private label business on a select basis to augment cash flow
Current leadership and infrastructure to support a >$200M revenue business
Increased volumes to enhance benefits of vertical integration
As a result of these efforts, Stryve expects to reach profitability by July 2021
Percent of Net Revenue (
Significant Installed Capacity Provides Material Operating Leverage
-Fixed Cost (%) EBITDA (SK)
41.5%
63.9%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
-10.0%
2H20
1H21
20.0%
30.0%
($4,900k)
($4,200k)
$11,500
$10,200k
$9,000k
$6,500k
27.0%
4500K
$4,000k
----- 18.2%
23.3%
$2,600k
$1,500
($1,000K)
2H22
($3,500K)
($6,000k)
2421
1H22
Seasoned Management Team
Collectively, Stryve's leadership has deep experience in growing profitable businesses across many segments leading to several
material exits for investors. Each member joined the Stryve family because they are extremely passionate about the Company's
mission and believe that Stryve represents the unique alignment of a purpose-driven, high growth opportunity.
Joe Oblas
Co-Founder & Co-CEO
Prior to co-founding Stryve, Joe founded and successfully exted ProSupps, one of the fastest growing
sports nutrition brands. He also co-founded Juice Stop which grew to 150 stores in 22 states prior to
exiting the business
Jaxie Alt
Co-CEO & Chief Marketing Officer
Prior to joining Stryve, Jaxie spent 17+ years at Dr Pepper Snapple Group where she served as
Co-Chief Marketing Officer managing $10b+ in retail sales and $300mm+ in marketing spend
Alex Hawkins
JUICE
DR PEPPER
SNAPPLE
TACO
Interim Chief Financial Officer & Chief Operating Officer
Prior to joining Stryve, Alex spent 7+ years at Rosewood Private Investments where he was an
operationally focused Principal investor leading $400mm+ of transactions. He previously spent time in
asset management and process consulting and is a CFA Charterholder
Bruce Boettner
Chief Sales Officer
Prior to joining Stryve, Bruce served as VP of Sales at HuM Kombucha and previously spent 14+
years at Kashi, where he served as sales lead and scaled revenue to >$400M
Warren Pala
Chief Manufacturing Officer
APQC
hum
Kellogg's Kashi
evolution
Warren founded, Braatime, one of Stryve's early acquisitions. He pioneered commercial biltong production
in the United States working closely with the USDA in the development of biltong specific standards
Ted Casey
Chairman & Special Advisor
Prior to co-founding Stryve, Ted spent 16+ years as CEO of vertically-integrated Dymatize Nutrition, a
company he founded and ultimately sold to Post in one of the largest sports nutrition exits in history
Brooktine
N
Dymatize
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