Innovative Food Holdings, Inc. · OTC:IVFH
Innovative Food — Investor Presentation (August 2024)
12 slides from Innovative Food's investor presentation, Aug 1, 2024
Slide 1: Innovative Food Holdings
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Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the “Company”) that are based on the current beliefs of the Company’s management, as well as assumptions made by, and information currently available t
Slide 3: Innovative Food Holdings competes in the $284B Specialty Foods segment of the Foodservice Industry
Innovative Food Holdings competes in the $284B Specialty Foods segment of the Foodservice Industry % of Foodservice Purchases from each source Broadline distributors (e.g. Sysco, US Foods) Other specialty Channels Specialty Market Size K-12 83% 17% 54% 56% 57% 60% 61% 64% 67% 8% 83% 46% 44% 43% 40%
Slide 4: IVFH capabilities allow distributors to extend range with no inventory risk, with step-change speed and freshness
IVFH capabilities allow distributors to extend range with no inventory risk, with step-change speed and freshness IVFH collects the best global specialty food products connects them into the IVFH platform then sells them through channels with an established customer base Product examples Wild forage
Slide 5: Examples of our passionate vendor base, direct from the source
Examples of our passionate vendor base, direct from the source Multi-generational, high quality first line receiver of fresh Alaskan seafood products. The fresh-never-frozen seafood arrives 24-48 hours after catch Located in Louisville's historic Butchertown Market, Bourbon Barrel Foods produces a c
Slide 6: Driving the turnaround: strong new management team
Driving the turnaround: strong new management team Bill Bennett, CEO and Director 19 years of experience across Kroger, Walmart, SC Johnson, General Mills, and BCG Most recently Head of e-Commerce for Kroger, leading a $10B P&L BS in Business Management from Brigham Young University MBA from Duke Un
Slide 7: Driving the turnaround: refreshed board of directors
Driving the turnaround: refreshed board of directors James Pappas, Chairman Has been on 7 public company boards, incl. Morgan’s Foods, Jamba Juice, and United Natural Foods Managing member of JCP Investment Mgmt BBA and Masters in Finance Texas A&M Denver Smith, Audit Chair Managing member of Carlso
Slide 8: Management is focused on a three-phase plan to generate profitable growth
Management is focused on a three-phase plan to generate profitable growth Phase 1: Stabilize Generate cash Fix pricing and gross margin Right size SG&A Exit unprofitable businesses, esp. consumer e-commerce Sell off unneeded assets, esp. FL and PA warehouses Expect to payoff all debt Intend to reall
Slide 9: Stabilization phase: Financials are moving in the right direction
Stabilization phase: Financials are moving in the right direction Revenue ($M) Expect back half 2024 to return to revenue growth in core Professional Chef business Gross Margin Clawing back inflation-driven margin compression Adj. EBITDA ($M) Key actions taken: shed unprofitable businesses, reduced
Slide 10: 100:10 near term goal: low hanging fruit will generate our first $100M in revenue
100:10 near term goal: low hanging fruit will generate our first $100M in revenue and $10M in adjusted EBITDA
Slide 11: IVFH stock has performed well since management changeover
IVFH stock has performed well since management changeover Announcement of mgmt. change Innovative Food Holdings (IVFH:OTC) Stock Price: $1.501 Market Cap: $74.5 million1 Outstanding Shares2: 49,693,803 Insider Ownership2: 54.6% Footnote 1: as of market close 7/30/24 Footnote 2: per most recent 10Q,
Slide 12: Questions?
Questions?
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