Lassonde Industries, Inc. Class A · TSX:LAS.A
Lassonde Industries, Inc. Class A — Merger or Acquisition (June 2024)
16 slides from Lassonde Industries, Inc. Class A's merger presentation, June 2024
Slide 1: Lassonde to Acquire Summer Garden Food Manufacturing
Lassonde to Acquire Summer Garden Food Manufacturing Accelerating Growth in the Specialty Food Segment June 2024
Slide 2: Forward-Looking Statements and Use of Financial Measures Not in Accordance with IFRS
2 Forward-Looking Statements and Use of Financial Measures Not in Accordance with IFRS This presentation contains “forward-looking information” and the Corporation’s oral and written public communications that do not constitute historical fact may be deemed to be “forward-looking information” within
Slide 3: Forward-Looking Statements and Use of Financial Measures Not in Accordance with IFRS (cont'd)
3 Forward-Looking Statements and Use of Financial Measures Not in Accordance with IFRS (cont’d) The Corporation’s ability to achieve its sustainability targets and goals is further subject to, among other factors, its ability to access and implement all technology necessary to achieve them as well a
Slide 4: Transaction Overview
4 Transaction Overview • Lassonde to acquire The Zidian Group, which operates Summer Garden Food Manufacturing ("Summer Garden"), an Ohio-based manufacturer and distributor of specialty food products; • Portfolio focused on premium pasta sauces and a range of sugar-free sauces and condiments; • Supp
Slide 5: Transaction Rationale
5 Transaction Rationale • Enhances our position as a manufacturer of choice for retort-based products • Specialty food core capability • Better serve customers and remain competitive in a growing market • Further growth potential by expanding retort capacity, financed through cash flows from current
Slide 6: Profile
6 Profile • Develops, manufactures and markets a wide range of premium sauces and condiments • Early entrant and leader in the growing sugar-free segment of the BBQ sauces • Branded portfolio of approximately 250 products sold in over 20,000 locations in the U.S. • Brands: G Hughes, Gia Russa, Littl
Slide 7: Portfolio
7 Portfolio Net Sales Branded Sales 75% 60% Owned brands* 25% 40% Co-packing for third-party brands * Includes some imported products
Slide 8: Brands
8 Brands Gia Russa Little Italy in the Bronx G Hughes Launched in the 1980s, the Launched in 2018, the brand Launched in 2013, the brand is brand’s vision has been to was created to celebrate and the pioneer of the sugar free create a family of classic Italian support the Belmont BBQ sauce category
Slide 9: On-Trend Brand Leadership
9 On-Trend Brand Leadership • The brand was an early entrant in the sugar-free BBQ sauce category • #1 sugar-free BBQ sauce and one of the leaders in the > US$1 billion-dollar category Launched Dates • Expansion with growing traction in other BBQ 2013 categories Dipping 2019 • Dipping sauces, marina
Slide 10: Operations Overview
10 Operations Overview • Production facility in Boardman, Ohio • Adjacent facilities for warehousing, R&D, offices • Already identified opportunities to add capacity and expand footprint • High-acid manufacturing: tomato-based and BBQ sauces • Low-acid manufacturing: dairy and egg-based sauces • Inc
Slide 11: Financial Overview
11 Financial Overview Financial Metrics Transaction Metrics Other Considerations For the 12-month period • US$235 M at closing – • Financed through available credit facilities ended May 2024: cash-free, debt-free basis • Lassonde’s pro forma consolidated adjusted • Sales of US$148 M • Earnouts of up
Slide 12: Conclusion
12 Conclusion • Enhances the role of specialty food as a driver of growth, profitability and diversification • Solidifies our core offering of pasta sauces • Provides access to attractive adjacencies • Adds brands with potential for further development • U.S.-based manufacturing assets enhancing and
Slide 13: Conclusion (cont'd)
13 Conclusion (cont’d) • Looking forward to closing the transaction and welcoming new employees • Acquiring a well-run, multi-generational family business • Entrepreneurial spirit • Culture and values aligned with ours • Remain committed to executing our other strategic priorities • Build back U.S.
Slide 14: Financial Measures Not in Accordance with IFRS
Financial Measures Not in Accordance with IFRS
Slide 15: Financial Measures Not in Accordance with IFRS
15 Financial Measures Not in Accordance with IFRS EBITDA and Adjusted EBITDA Net Debt to Adjusted EBITDA EBITDA is a financial measure used by the Corporation and investors to assess the Net debt to adjusted EBITDA is a financial measure used by the Corporation to Corporation’s capacity to generate
Slide 16: lassonde.com
B Lassonde lassonde.com
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