Investor Presentaiton
Etobicoke Brewery Divestiture Summary
TRANSACTION SUMMARY
Total Consideration: $2.1 million cash
(net of transaction costs)
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Asset sale agreement
KEY TAKEAWAYS
OPTIMIZES ASSET BASE
Increases margins due to
cash cost savings and
earnings improvement
Focuses the business on
assets with scale
$
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Assignment of lease complete
Financial Highlights:
$0.2 million annual cash cost savings
Reduction in lease liabilities of $1.4
million
Increase in cash outstanding
Use of Proceeds:
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IT & Digital Transformation Budget Expansion
+$0.65 million to $1.25 million
Debt/lease liability reduction of $1.4 million
Closing Date: June 18th, 2021
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CLEAR USE OF PROCEEDS
Fund the 2021 capital plan
(the 'Gear Up' phase)
De-lever and optimize the
balance sheet
CONTINUED ONTARIO
MARKET SUPPORT
via Liberty Commons
location in Toronto
Big Rock Brewery Inc. (TSX: BR)
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