Farmer Brothers Company · NASDAQ:FARM

Farmer Brothers — Merger or Acquisition (August 2017)

9 slides from Farmer Brothers's merger presentation, Aug 21, 2017

  1. Slide 1: Farmer Brothers' Acquisition of Boyd Coffee Company

    08.09.17 V.2 Investor Presentation August 22, 2017 Farmer Brothers’ Acquisition of Boyd Coffee Company

  2. Slide 2: Forward-looking statements

    2 Certain statements contained in this presentation are not based on historical fact and are forward-looking statements within the meaning of federal securities laws and regulations. These statements are based on management’s current expectations, assumptions, estimates and observations of future ev

  3. Slide 3: Boyd Coffee Company Transaction Overview

    3 Boyd Coffee Company Transaction Overview  Farmer Bros. Co. (“Farmer Brothers” or the “Company”) has signed agreement to acquire substantially all assets of Boyd Coffee Company (“Boyd’s”)  Will acquire brand name, portfolio of products, customer base, and other assets such as equipment and vehicl

  4. Slide 4: Boyd's company profile

    4  Family-owned business established in 1900 in Portland, Oregon  Strong presence on the West Coast and meaningful national account and retail business in the Midwest and East Coast  Processes and sells coffee, other beverage and related food products, and coffee brewing equipment  Offers access

  5. Slide 5: Strategic Rationale

    5 STRATEGIC RATIONALE • Building production volumes throughout our roasting facilities • Greater opportunities within highly desirable channels, deeper penetration in West Coast markets • Expected to be accretive to earnings with cost synergies compared to Boyd’s current operating costs • Expanding

  6. Slide 6: Purchase Price Terms

    6  Purchase Price Terms:  $42 million cash and 21,000 shares of Preferred Stock  Subject to adjustments related to working capital and certain hold-backs to address indemnification and other liabilities of Sellers  Initial outlay of $37.8 million and 14,700 preferred stock to be paid at closing

  7. Slide 7: Purchase price: cash and preferred stock

    7 2017 Farmer Brothers  Purchase price is a combination of cash and stock  Preferred stock helps to aligns the interests of the Sellers with Farmer Brothers, including during the transition and integration periods  Series A Convertible Participating Cumulative Perpetual Preferred Stock  An initi

  8. Slide 8: Transaction summary

    8  Announced agreement to acquire substantially all the assets of Boyd's Coffee  Expanding brand portfolio with a strong commitment to quality coffee and beverage products  Expected to add significant production volume to Farmer Brothers’ existing production facilities to increase capacity utiliz

  9. Slide 9: Farmer Brothers' Acquisition of Boyd Coffee Company

    Investor Presentation August 22, 2017 Farmer Brothers’ Acquisition of Boyd Coffee Company

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