Sow Good Inc. · NASDAQ:SOWG
Sow Good — Investor Presentation (March 2024)
20 slides from Sow Good's investor presentation, Mar 19, 2024
Slide 1: Investor Presentation March 2024
Investor Presentation March 2024
Slide 2: ‘ar edn uct
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Slide 3: Management Team
Management Team G @ Ira Goldfarb Claudia Goldfarb Co-Founder & Charman Co-Founder & CEO + 0 yearsofretail manufacturing and freeze + Sigtfian experi in fond safety, suply ying experience chain and product innovation + Proven rakecrd of success in reeze drying esgn and production P "RAIRIE Di PaApred
Slide 4: Company Overview
Company Overview Sow Good is a freeze dried candy and snack manufacturer providing customers with innovative freeze dried treats Y Leading pioneer in an emerging freeze dried candy market with a March 2023 $16.1M , retail-ready product assortment, branding and packaging Cay Launch Date 2023 Revenue
Slide 5: What is Freeze Dried Candy?
What is Freeze Dried Candy? Freeze drying removes moisture from the product, adding a crunch perfect for snackability and concentrating the flavor while extending the shelf-life by years @ byper crunchy + Crunchy, not chewy. Expands, doubling or tripling in size, creating the perfectly lightweight a
Slide 6: Broad Product Mix
Broad Product Mix Sow Good offers a diverse portfolio of sweet treats across multiple form factors of candy and ice NO saree vance Select Freeze Dried Candy Select Freeze Dried ( Select Freeze Dried ce Cream Cream Seow G00D aes
Slide 7: Financial Performance
Financial Performance as a Protininary = si $08 Oy 012023 022023 pe 03 2023 $13 i son sio7) 2023 02 2023 03 2023 i Gross Marin 615% os.0y% 440% Margin 520% (640% 15%
Slide 8: Why We Are Unique
Why We Are Unique oa Freeze Drying Expertise + Early adopter of freeze dried candy with custom in-house freeze driers and proprietary technology and processes * Custom packaging rooms and processes to optimize quality & crunchiness + Management team with 20+ years of combined freeze drying process a
Slide 9: Production Capacity
Production Capacity Owned Manufacturing Production Capacity IRVING, TK ‘+ 24000 sq warehouse and manufacturing fait, wih 4 active freeze Total 2024 Production Capacity of 30 Million Units riers, eurenly being installed and Vin rani ‘+ Cestom bul reeze dries wsing proprietary technology specifically
Slide 10: Manufacturing & Distribution Facilities
Manufacturing & Distribution Facilities Production Floor loving, Tk China Freeze Driers Co-Manufacturing Irving, Colombia Pacem
Slide 11: Distribution in Early Stages
Distribution in Early Stages Product demand consistently outpaces available supply while distribution channels continue to increase scale Select Customers with Multiple SKUs Select Customers in Early Stages favine (3 BIGLOTS! CITITRENDS 7 claire's cirRcLEq’ fMpenrect Hg S WyVeo. \ fye] Kroger @mrcet
Slide 12: Met at tradeshow in January 2023
Met at tradeshow in January 2023 Five Below worked with other freeze dried candy suppliers at the time who did not () meet demand and (i) have our brand sophistication or product breadth Launched with 2 SKUs in April 2023 in 700 stores Exceeded projections, selling out our product in the first few w
Slide 13: Growing Market Opportunity
Growing Market Opportunity The North American sugar confectionery industry is expected to grow 6% annually North America Sugar Confectionery Sales’ Freeze Dried Candy Lies oe aunts Sy Rapiy growing demand from large retailers meee e sng Sag SA ST WD snisistitutors $18 sug il mn 023 707K— 0H 026-2027
Slide 14: Investment Highlights
Investment Highlights g Proprietary freeze drying machinery, production & packaging infrastructure ke Diverse grocery, convenience store and mass distribution SQF-II certified production facility (x Rapidly expanding production capacity to meet unmet customer demand |Z Positioned at the forefront of
Slide 15: Financial Overview
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Slide 16: Summary Income Statement
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Slide 17: Adjusted EBITDA Reconciliation
Adjusted EBTIDA Reconciliation ‘3 Months Ended Erna nas ‘yaa Adjusted EBITDA Reconciliation ‘Net Income ‘S(V40,530) $(3320,900) $333.986, Interest Expense 498,336 847,509 3641 Stock Based Compensation AB 2500 0759 Depreciation Expense 1628 am 50676 Inventory Write-Dawn = 1398.88, = ‘Agjusted EBTOA s
Slide 18: Balance Sheet
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Slide 19: Key Market Statistics
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Slide 20: THE POSSIBILITIES ARE ENDLESS.
@ “ THE POSSIBILITIES ARE ENDLESS. HOW GOOD DOES THAT SOUND? SOW GOOD! WE KNOW!