Investor Presentaiton
Financial Highlights
Metric
Q2 2021 vs. Q2 2020 Results
Results
Sales Volume (hl):
Net Revenue:
($/hl)
Gross Margins (%):
Adj. EBITDA1,2 ($MM):
Adj. EBITDA12 Margin (%):
Operating Income/(Loss)
($MM):
-1.0%, from 46,693 hl to 46,233 hl
+14.8%, from $11.9 million to $13.7 million
+15.9%, from $255.41 to $296.11
-1.2% to 39.3%
from $2.5 million to $2.0 million
-6.5%, from 20.9% to 14.4%
from $1.1 million to $1.1 million
Selling, Marketing, and G&A
costs² ($MM):
+17.8%, from $3.5 million to $4.1 million
Cash (as at 06/30/21) ($MM):
Total credit facilities ($MM)
-
Total Drawn (as at 06/30/21)
Credit Facility ($MM)
Balance Sheet Snapshot
Bank Debt
Remaining Facility
■Cash
06/18/21:
$30.0
Etobicoke
$25.0
$0.2
$0.3
Divestiture
$0.2
closes for
$20.0
$16.0
$2.1MM cash
$15.0
$11.0
$11.0
$8.6
$10.0
$2.2
$8.1
$5.0
2021 strategic capital
plan underway
Increase to cash and
elimination of capital
$8.8
$7.4
lease related to
Etobicoke divestiture
$2.9
$0.0
2016
2020
June 30, 2021
Capital Lease
Total LT Debt
$2.5MM
$11.3MM
-$7.1MM
$1.2MM
$4.2MM
$0.0MM
+$3.2MM
$7.4MM
76.2%
Despite two years of major challenges, we have managed to improve the balance sheet and profitability significantly
Pro Forma 2021 Capital Plan - Illustrative Growth Scenario
$0.2 million
Metric
Total Volume
$16 million
$7.4 million or 46%
Revenue
EBITDA Margin
1 Adjusted EBITDA excludes share-based compensation expense
2 Adjusted EBITDA and SMG&A in Q2 2020 includes $0.8 million of Canada Emergency Wage
Subsidy
Big Rock Brewery Announces Second Quarter Results &
Continued Growth in Revenue
Big Rock Brewery Inc. (TSX: BR)
Existing Operations^
200,000 220,000 hl
2021 capital plan
enabling growth
$42 $45 million
10% - 12%
^in COVID-19 environment
Illustrative Growth*
400,000 hl
$55 $65 million**
13% - 15%
*Assumes sustained regulatory
policy
**Accounts for large variance in
co-pack terms
14View entire presentation