Zevia Pbc · NYSE:ZVIA
Zevia Pbc — Q1 2026 Earnings Presentation
19 slides from Zevia Pbc's earnings presentation, May 6, 2026
Slide 1: 1Q 2026 Financial Results
1Q 2026 FINANCIAL RESULTS MAY 6, 2026
Slide 2: Forward-Looking Statements
FORWARD -LOOKING STATEMENTS This presentation and the related earnings press release contain “forward -looking statements” within the meaning of the safe har bor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward -looking statements include, without limitation, any stat
Slide 3: Mission: Creating a World of Better-For-You Flavor
MISSION… …CREATING A WORLD OF BETTER -FOR -YOUFLAVOR, BETTER FOR PEOPLE
Slide 4: Soda Made Better: Ingredients Comparison
SODA MADE BETTER Ingredients Comparison Mainstream Regular Soda Mainstream Diet/ Zero Soda ZEVIA ZEVIA Modern Functional Soda 30 -45 + g Sugar Zero Sugar Zero Sugar 2-5g Sugar High Fructose Corn Artificial Sweeteners Zero Artificial Zero Artificial Syrup Sweeteners Sweeteners Fake Colors Fake Colors
Slide 5: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS High -Growth, Emerging Category Well positioned to capitalize on the $ 252 billion liquid refreshment beverages 1 market within the fast -growing “better -for -you” soda segment. Distinctive Market Positioning Stands at the intersection of health and taste, offering great -
Slide 6: Zevia First Quarter 2026 at a Glance
ZEVIA FIRST QUARTER 2026 AT A GLAN Adjusted Net Adjusted 2026 Net Sales Gross Margin Net Loss Loss 1 EBITDA 1 $46.1 million 48.4% -$2.4 -$0.1 million $0.9 million Q1 +21.2% vs. PY (170) bps vs. PY +$4.0 million vs. PY +$4.1 million vs. PY +$4.2 million vs. PY 1. Adjusted Net Loss and Adjusted EBITDA
Slide 7: Consumer Panel Metrics
CONSUMER PANEL METRICS HOUSEHOLD PENETRATION PURCHASE TRENDS $42.29 3.9x 5.4% $35.14 $10.87 5.3% 3.5x $10.07 12M ended 12M ended 12M ended 12M ended 12M ended 12M ended 12M ended 12M ended 2/28/2025 2/28/2026 2/28/2025 2/28/2026 2/28/2025 2/28/2026 2/28/2025 2/28/2026 % Household penetration Dollar
Slide 8: Strategic Growth Pillars Drive Momentum
STRATEGIC GROWTH PILLARS DRIVE M Growth pillars in place to capitalize on strong category tailwinds DELIVER PROFITABILITY EXPAND 4 DISTRIBUTION DRIVE PRODUCT INNOVATION 3 AMPLIFY MARKETING 2 1 8
Slide 9: Amplify Marketing
AMPLIFY MARKETING Expanding Reach and Deepening Engagement Build brand awareness with a sharp brand image – radically real (“get the fake out of here”) in a world awash with fake Deepen customer engagement through 360 -degree marketing approach: digital, social, IRL, in -store… Higher investment in
Slide 10: Meet Zevia's Brand New Ambassador: Cardi B
MEET ZEVIA’S BRANDNEW AMBASSADOR: CA Cultural Icon CARDI B Radically Real Challenger Massive Social Reach CAMPAIGN DETAILS 200M+ social audience • 2 Year Partnership Cardi B is Everywhere • Social (Cardi’s & Zevia) • Tour • Commercials • In -store displays • Sweepstakes 152M 4.8M MEDIA IMPRESSIONS S
Slide 11: Amplify Marketing
AMPLIFY MARKETING Execute Nimble Scalable Marketing Ecosystem SOCIAL PUBLIC MEDIA RELATIONS BRAND AMBASSADOR PAID MEDIA OOH INFLUENCERS & UGC SHOPPER SUMMER SAMPLING MARKETING INTEGRATED MARKETING PROGRAM NEW PACKAGING SWEEPSTAKES BETTER TASTING NEW PRODUCT ON SITE LAUNCHES CORE CAMPAIGNS 11
Slide 12: Drive Product Innovation
DRIVE PRODUCT INNOVATION Four National Launches in Q1 Rooted in Trending Flavors FRUITY VARIETY 6PK ORANGE CREAMSICLE PEACHES & CREAM FRUIT PUNCH Exclusive Launch at Now Available Now Available Now Available Albertsons and Nationwide Nationwide Nationwide Kroger #2 6pk at Sprouts as Previously #1 8p
Slide 13: Drive Product Innovation
DRIVE PRODUCT INNOVATION Enhanced Flavor Profile Leveraging New More Sugar -Like Taste Experience … s upported by refreshed packaging that underscores value proposition 13
Slide 14: Expand Distribution
EXPAND DISTRIBUTION Drive Household Penetration & Awareness • Broaden consumer reach and leverage channels to invite trial and increase velocity • Fill distribution gaps across channels including mass, club and food • Build presence in impulse channel with singles offering 14
Slide 15: Expand Distribution
EXPAND DISTRIBUTION New Distribution Opportunity is Significant COLLECTIVE PENETRATION <1% $971M $3.5B $5.6B $11B Mass Warehouse/Club Value/Dollar Foodservice Source: SPINS/Circana Scan Data 52 Weeks End 03/22/2026 for Target, BJ’s Sam’s, Family Dollar, Convenience. Store Count Distribution. L12W En
Slide 16: Financial Highlights
FINANCIAL HIGHLIGHTS —_—_— fo HBOSUAR - TRON, gy
Slide 17: Q1 Financial Highlights
Q1 FINANCIAL HIGHLIGHTS • Net sales increased 21.2% year -over -year to $46.1 million • Due to improved volumes largely driven by expanded distribution at the Club channel as well as higher volumes in the Mass and e -commerce channels $46.1 M • Gross profit margin of 48.4%, -170 basis points year ov
Slide 18: Q1 2026 Financials – Year-Over-Year Overview
Q1 2026 FINANCIALS –YEAR -OVER OVERVIEW -YEAR ($ in Millions) NET SALES GROSS PROFIT ADJUSTED1 EBITD $0.9 $46.1 $22.3 $(3.3) $38.8 $38.0 $19.0 $17.7 $(5.5) Q1 2024 Q1 2025 Q1 2026 Q1 2024 Q1 2025 Q1 2026 Q1 2024 Q1 2025 Q1 2026 % Growth % of Net Sales % of Net Sales -10.4% -2.0% +21.2% 45.7% 50.1% 4
Slide 19: Profit & Loss + Adjusted EBITDA Reconciliation
PROFIT & LOSS + ADJUSTEDEBITDA NETRECONCILIA LOSS & AD ($ in Millions) Q1 2026 Q1 2025 Q1 2024 FY 2025 FY 2024 FY 2023 Net Sales $46.1 $38.0 $38.8 $161.3 $155.0 $166.4 % Growth 21.2% -2.0% -10.4% 4.0% -6.8% 2.0% Cost of Good Sold $23.8 $19.0 $21.1 $83.8 $83.1 $91.7 Gross Profit $22.3 $19.0 $17.7 $77