Stryve Business Combination with Andina Acquisition Corp. III slide image

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 30
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