Coffee Holding Co., Inc. · NASDAQ:JVA
Coffee — Merger or Acquisition (April 2023)
26 slides from Coffee's merger presentation, Apr 17, 2023
Slide 1: Delta Corp Holdings Limited – April 2023 Introduction
A DELTA CORP HOLDINGS LIMITED April 2023 | Introduction
Slide 2: Forward Looking Statements & Disclaimer
FORWARD LOOKING STATEMENTS & DISCLAIMER Presentation Disclaimer This presentation (the “Presentation”) is for informational purposes only with respect to the proposed business combination between Delta Corp Holdings Limited (“Delta”) and Coffee Holding Co., Inc. (“Coffee”), Delta Corp Holding Limite
Slide 3: Forward Looking Statements & Disclaimer (con't)
FORWARD LOOKING STATEMENTS & DISCLAIMER (con’t) All statements other than statements of historical facts contained in this Presentation, including statements regarding any of Delta's, Coffee's or Pubco’s strategy, future operations, future financial position, future revenue, projected costs, prospec
Slide 4: Forward Looking Statements & Disclaimer (con't)
FORWARD LOOKING STATEMENTS & DISCLAIMER (con’t) Financial Information The financial information and data contained in this Presentation is unaudited and does not conform to Regulation S-X promulgated by the SEC. In addition, Accordingly, such Information and data may not be included in, may be adjus
Slide 5: A Global Leader in Logistics Primed for Growth
A GLOBAL LEADER IN LOGISTICS PRIMED FOR GROWTH $532M $45M Delhi Seou! alii > 4 $0 220,000 a) sa a 10M 16 ‘A. Delta Office Locations
Slide 6: Fully Integrated One-Stop Logistics Provider
FULLY INTEGRATED ONE-STOP LOGISTICS PROVIDER Delta's service offerings cover every stage of the supply chain, including transportation and route optimization, fuel and lubricant supply, and management of logistics assets International supply chain DELTA’S ROLE Loading Trans-shipment Storage Port log
Slide 7: Full Service Third-Party Logistics Platform for the Energy, Raw Materials and Agricultural Industries
FULL SERVICE THIRD-PARTY LOGISTICS PLATFORM FOR THE ENERGY, RAW MATERIALS AND AGRICULTURAL INDUSTRIES Bulk Logistics Cargo aggregation Freight forwarding Route optimization Mine-to-port transportation Risk management Energy Logistics Marine fuel supply Land fuel supply Lubricant supply and distribut
Slide 8: Delta's Leadership Team Has a Track Record of Success
DELTA’S LEADERSHIP TEAM HAS A TRACK RECORD OF SUCCESS BUILDING GLOBAL BUSINESSES | Management Team q eal = Mudit Paliwal Joseph Nelson Andrew Benjamin Chris Todd DW Eoxew => BHP GP GASLOG Rv getis Crepmrsuiss™ BUNGE wont) ¢Vitol Germonon xe “otatenersies
Slide 9: Delta's Leadership Team Has a Track Record of Success – Board of Directors
DELTA’S LEADERSHIP TEAM HAS A TRACK RECORD OF SUCCESS BUILDING GLOBAL BUSINESSES | Board of Directors <i <i Peter Shaerf Mudit Paliwal Elizabeth Turnbull Lelia Konyn Michelle Bockmann Direct r AMA ApNorviC caDITALMPSRTNERS NORIC cave as = [ee] Mes Lloyd's List > TLAS. noble ges
Slide 10: Investment Highlights
INVESTMENT HIGHLIGHTS Delta’s multinational footprint facilitates the global trade of energy, raw materials, and agricultural products Focus on niche, high @ growth markets within the energy and raw materials markets and adjacent industries Flexible, asset light model@® Management team with a track
Slide 11: Logistics Provider to Some of the World's Largest Businesses
LOGISTICS PROVIDER TO SOME OF THE WORLD'S LARGEST BUSINESSES Delta's business is supported by industry leading suppliers, banks, insurers and risk managers Customers = @ . ™ ~~ ArcelorMittal Bulk Logistics = CMACGM -_ Energy Logistics €€ Hapag-Lloyd Suppliers STAR BULK TRAFIGURA Pacific Basin Exo bp
Slide 12: Business Overview
BUSINESS OVERVIEW @) BULK LOGISTICS @) ENERGY LOGISTICS @) ASSET MANAGEMENT
Slide 13: Bulk Logistics: Asset Light Third-Party Logistics Provider
@) BULK LOGISTICS: ASSET LIGHT THIRD-PARTY LOGISTICS PROVIDER Delta leases transportation capacity at scale and leases it out to customers i Flexible, asset light business model 2) Low CapEx needs 3) Strong relationships on both ends of the value chain 4& Operational excellence with proprietary data
Slide 14: Bulk Logistics Connects Producers with End Markets
@) BULK LOGISTICS CONNECTS PRODUCERS WITH END MARKETS Cargo aggregation, parceling and route optimization along with data and technology driven decision making enhance our customer's supply chains and reduce their transportation costs Cargo producer Base metals + Industrial commodities Agricultural
Slide 15: Energy Logistics Supplies Industry Leading Fuels, Reducing Customers' Environmental Impact
@) ENERGY LOGISTICS SUPPLIES INDUSTRY LEADING FUELS, REDUCING CUSTOMERS’ ENVIRONMENTAL IMPACT Distribution Physical supplier Delta Connect Supplier of high-quality marine fuels and lubricants Backed by industry leading producers Serve ARA market with 2 leased barges Thames, UK served with 1 leased b
Slide 16: Asset Manager to Offshore Energy and Maritime Markets
@) ASSET MANAGER TO OFFSHORE ENERGY AND MARITIME MARKETS Stable, recurring revenues and cash flows from “sticky” customer base ASSETS UNDER MANAGEMENT 4 KEY STATISTICS x Technical management 13 Assets under management © Performance monitoring $600 million * New buildings and Ld project supervision r
Slide 17: Growth Accelerators
GROWTH ACCELERATORS
Slide 18: Public Markets, a Catalyst to Accelerate Growth
PUBLIC MARKETS, A CATALYST TO ACCELERATE GROWTH Cash flow and access to the debt capital markets is expected to provide opportunity for accelerated growth Targeted areas of organic growth expansion @ rs Bulk Logistics Geographic expansion Terminals / Warehousing Mine-to-port logistics » F o @ EV/las
Slide 19: Bolt-On Acquisitions Have Bolstered Delta's Platform
BOLT-ON ACQUISITIONS HAVE BOLSTERED DELTA’S PLATFORM Delta to continue its acquisition growth strategy to expand its service offerings ive wen CARRIERS Acquired in August 2 2021 Entrance into asset 2 management Qassets under management > Offshore oil and gas assets andmerchant > vessels Acquired in
Slide 20: Financials & Transaction Overview
FINANCIALS & TRANSACTION OVERVIEW
Slide 21: Significant Growth in Revenues and Profitability
SIGNIFICANT GROWTH IN REVENUES AND PROFITABILITY Delta Corp's growth has been funded primarily with internally generated cash flows Consolidated revenues ($M) Consolidated net profit ($M) “ ss a KEY STATISTICS © $51 Million 10% 00 22 g 196 S $45 million 150 8 8% 7 ° a 2019 2020 2021 2019 2020 2021 |
Slide 22: H1 2022 Financial Results
H1 2022 FINANCIAL RESULTS Revenue growth offset by increased costs of goods sold, margins supported by efficient operating cost base Consolidated revenues ($M) Consolidated net profit ($M) 400 ep KEY STATISTICS a za! os $17 Million 20 240 18 7 5% 195 aa a $17 million 0 s a #12021 12022, 2021 12022,
Slide 23: H1 2022 Balance Sheet
H1 2022 BALANCE SHEET Strong balance sheet with no debt lays foundation for potential growth in the years ahead “ Asofdune 30, sof December), _Asof December 3 Balance Sheet 2022 20a 2020 EGGS (Unaudited) ($000) (Audited) (§000S) (Audited) ($000) cash and cash equivalents $22,700 $20,008 $17,604 a ‘T
Slide 24: Summary Transaction Overview
SUMMARY TRANSACTION OVERVIEW Earn-Out Transaction Rationale Implied initial equity value of approximately $625.0 million for Delta Corp Holdings Limited ("Delta” or "PubCo”) Shareholders of Coffee Holding Co, Inc. (JVA") will receive 1 ordinary share of Pubco for each share of JVA common stock they
Slide 25: Detailed Transaction Overview
DETAILED TRANSACTION OVERVIEW Pro Forma Valuation"? ($mm, except per share data) Pro Forma Shares Outstanding 719.4 (x) Illustrative Share Price $5.50 (-) Pro Forma Net Cash $22.6 (+) Pro Forma Debt $7 (+) Pro Forma Minority Interest $0.0 IPro Forma Enterprise Value $645.6 ¥ = Existing Delta Shareho
Slide 26: Summary and Outlook
Summary and Outlook Delta’s multinational footprint facilitates the global trade of energy, raw materials, and agricultural products Focus on niche, high © growth markets within the energy and raw materials markets and adjacent industries Flexible, asset light model® Management team with a track rec