Where Food Comes From, Inc. · NASDAQ:WFCF
Where Food Comes From — Investor Presentation (March 2023)
18 slides from Where Food Comes From's investor presentation, March 2023
Slide 1: Where Food Comes From, Inc.
Where Food Comes From, Inc. Castle Rock, Colorado Nasdaq: WFCF
Slide 2: Forward-looking statements and Use of Non-GAAP Measures
Forward-looking statements and Use of Non-GAAP Measures This presentation contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Forward-looking statemen
Slide 3: Food Certification Rollup 2012-2020
Food Certification Rollup 2012-2020 We offer a wide array of verification and certification services to help food producers, brands and consumers differentiate certain attributes and production methods in the marketplace. We help food producers and brands make certain claims on live animals or packa
Slide 4: Company Overview
Company Overview To create opportunities To inspire a more sustainable through transparency for food model for the world. food producers and consumers. Our Mission Our Vision • Serve customers with urgency. • 25 years in business • Inspire collaboration and teamwork. • More than 15K farms enrolled.
Slide 5: Supported by Industry Tailwinds
Supported by Industry Tailwinds Growth strategy supported by long-term trends • Consumer demand for transparency due to food safety issues • Increasing consumer interest in knowing where their food comes from and how and by whom it was raised • Producers, packers, distributors, retailers and brands
Slide 6: M&A Drives Growth of Services and Technology Portfolios
M&A Drives Growth of Services and Technology Portfolios Acquired Company Year Business Focus Certifications / Acquired Technology ICS 2012 Grain, dairy, beef, pork, tobacco Organic, Gluten free, Non-GMO Validus 2013 Pork, poultry, dairy Animal welfare, sustainability Micro Technologies 2013 Beef Sou
Slide 7: Where Food Comes From CARE Certified™
Where Food Comes From CARE Certified™ The Where Food Comes From CARE program is a suite of sustainability standards that certifies participating farmers and ranchers are implementing best practices. CARE is designed to help farmers and ranchers tell their story and provide assurances through third-p
Slide 8: Where Food Comes From CARE Certified™
Where Food Comes From CARE Certified™ As of March 2021, CARE Certified products are sold at Heinen’s Grocery Stores in the Cleveland and Chicago areas. More to come in 2022! CARE Certified farmers and ranchers also sell direct-to-consumer! You can find those ranchers online now. 8
Slide 9: WFCF Organic
WFCF Organic • WFCF Organic logo on WFCF Organic Certified clients either in text or with the logo • SOW Organic online software for clients
Slide 10: WFCF Storybit Video Series
WFCF Storybit Video Series Since launching in March of 2020, we have featured 24 families and have seen 13 million impressions, comments, engagements, shares, views, etc. s to r y b i t . c o m
Slide 11: Revenue
Revenue $30.0 $24.8 $25.0 $21.9 17.5% CAGR $20.8 $20.1 $20.0 $17.8 $15.5 $15.0 $11.6 $10.4 $10.0 $8.8 $5.8 $5.0 $0.0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $ in millions 11
Slide 12: Gross Profit
Gross Profit $10.5 $9.7 $9.1 $8.9 $7.7 $6.8 $5.4 $4.9 $3.8 $2.7 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $ in millions 12
Slide 13: Net Income
Net Income 2021 net income included $1.04 million in PPP loan $3.0 forgiveness $2.0 $1.3 $1.4 $0.8 $0.5 $0.4 $0.2 $0.1 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $.3 $ in millions 13
Slide 14: Adjusted EBITDA
Adjusted EBITDA $4,000 $3,800 $3,679 $3,500 $3,272 $3,000 27% CAGR $2,993 $2,500 $2,338 $2,000 $1,551 $1,500 $1,365 $1,208 $1,000 $870 $443 $500 $0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $ in thousands 14
Slide 15: Cash generated from operations
Cash generated from operations $3,500 $3.0 $3,000 $2.9 $2,700 $2.5 $2,500 $2,000 $1,500 $1.2 $1.0 $1,000 $.9 $.7 $.6 $500 $.2 $0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $ in millions 15
Slide 16: Selected Stock Data
Includes effect of 1-4 reverse stock split in Q4 2020 Selected Stock Data • Traded – Nasdaq: WFCF • 52-week stock price range – $8.51 - $15.70 • Average daily trading volume – 8,570 • Common shares outstanding – 5,726,257 • Approx. management/board ownership – 3.3 million shares • Market Cap – $78 m
Slide 17: Investment Highlights
Investment Highlights 1. Only public player in food verification and traceability. 17,500+ customers with high retention rates 2. Products and services aligned with consumer mega-trends around traceability and transparency in the food chain. 3. Industry’s most diverse range of certifications affords
Slide 18: Where Food Comes From, Inc.
Where Food Comes From, Inc. Castle Rock, Colorado Nasdaq: WFCF For more information, contact: Jay Pfeiffer 303-880-9000 jpfeiffer@wherefoodcomesfrom.com
Where Food Comes From — Investor Presentation (March 2023) on 6ix