Investor Presentaiton
Five Year (2023) Adjusted EBITDA Target (millions of dollars except percentages)
Amount
% of
Sales
Impact
Notes
Q3-2021 TTM adjusted EBITDA
405.0
8.7%
Q3-2021 TTM pandemic sales impact
33.8
18.9%
Annualization of announced acquisitions
39.4
9.3%
completed in 2020 and 2021
Annualization of Clearwater investment income
25.6
Organic growth
Acquisitions
503.8
129.6
20.0%
9.1
8.5%
2023 adjusted EBITDA target
642.5
10.7%
Extraordinary Times Extraordinary Team
Includes Global Gourmet, Allseas, Starboard, Clearwater, Confederation
Freezers, Distribution Côte-Nord, Mermax, Maid-Rite and Westmorland
Interest and management fees
Equates to a 9.6% margin
Contribution margins for the Company's existing portfolio of businesses
range from 15% to 35%
Specialty Food businesses generally have EBITDA margins of 10% to 20%
while Premium Food Distribution businesses have EBITDA margins of 5%
to 10%
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