Stryve Business Combination with Andina Acquisition Corp. III
At a Glance
Aligned with Consumer Shift in Snacking
Toward Better-for-You Products
$5B
$110B
Only USDA Full-Grant Certified Air-Dried
Meat Manufacturing Facility
>$100M
HIGH
Market
Opportunity
2022F
Meat Snacking
2022F
Total Snacking
Manufacturing
Capabilities
Revenues Achievable
Barrier to
with Current Capacity
Entry
$
Financial
Highlights
63% CAGR
2018A-2020A
Gross Revenue
>$500k
Gross Revenue in First
Month of DTC launch
$51M
2021F
Gross Revenue
47%
2021F
Gross Margin
10+
>70,000
Unique
Sale Channels
Total
Distribution Points
Distribution
24%
11%
Natural Food
MULO (2)
Channel ACV(1)
ACV(1)
XIXI
40%
Repeat order
rate on Amazon
4-5
150%
2020A Social
Following Growth
19%
Multi-decade experience creating and
managing multi-billion-dollar sales budgets
50+
>$430M
Loyal
Customer Base
Leadership
Star reviews on
most products
Of 2020 Stryve.com
Sales Driven by
E-mail Campaigns
Years Collective
Experience in CPG
Collective TEV(3) of
Founded Business'
Sources: Statista as of 1/13/2021, 52-week SPINS data as of 12/17/2020
"All-Commodity Value"
(1)
(2)
(3)
"Multi Outlet", includes Food/Grocery, Drug, Mass Merchandisers, Walmart, Club Stores, Dollar Stores, etc.
Represents TEV at exit of business' founded by members of management (Dymatize $380M exit in 2013, the balance is comprised of smaller transactions)
Stryve
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