Pet Retail Market and Valuation Outlook

Appendix 9 六 80 9. Bottom-Line Projections Gross Margin Cost Structure Breakdown COGS/Net Revenue ISG&A/Net Revenue 50% 50% 100% 48% 90% 44% 80% 70% 17' 19' 21E 23E 24E 26E 28E 60% EBITDA Margin 50% 40% 14% 14% 11% 8% 30% 20% 10% 0% 17' 19' 21E 23E 25E 27E 29E 17' 19' 21E 23E 25E 27E 29E Source: Team 7

View entire presentation