$FMCI Merger Early October --->> Investment Highlights
~ High growth and innovative plant-based food company with an established brand as well as a private label presence, serving leading national retailers, with significant growth opportunities through expanded distribution to new and existing customers
~ Large addressable market in the $55 billion U.S. frozen food category where plant-based products are rapidly expanding share
~ Strong product positioning aligned with major consumer trends
~ Diverse portfolio of plant-based products with a proven innovation track record of creating great tasting, unique flavor profiles that allow consumers to connect with a plant-based lifestyle
~ Passionate management team with deep food industry expertise
~ Compelling financial profile
1. Projected $148 million and $222 million in revenue and $17 million and $31 million in Adjusted EBITDA in 2020 and 2021, respectively
2. Projected 2018-2021 revenue compounded annual growth rate of 67%
3. Anticipated initial enterprise value of approximately $482 million implying a 2.2x and 15.6x multiple of projected 2021 revenue and Adjusted EBITDA, respectively
