Laird Superfood, Inc. · AMEX:LSF
Laird Superfood — Merger or Acquisition (January 2026)
28 slides from Laird Superfood's merger presentation, Jan 13, 2026
Slide 1: Building a Scalable, Multi-Brand Superfood Platform
LAIN i On, BUILDING ABLE, MULTI-BRAND, SUPERFOOD PLATFORM Morning i
Slide 2: Important Disclosures
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Slide 3: Important Disclosures (cont.)
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Slide 4: Laird Superfood was founded by two world-class athletes
a saaaeal Laird Superfood was founded by two world-class athletes
Slide 5: Laird Superfood Strategic Plan for growth and profitability
Laird Superfood Strategic Plan for growth and profitability Grow our core business Innovate in Superfoods Improve LSF Supply Chain + Expand distribution points + Expand existing product lines * Ensure capacity and flexibility * Increase sales velocities + Execute packaging innovation. * Reduce opera
Slide 6: CEO | President
NW | CEO | President + President and CE Saruary 2022 Pct sev 3M at Sovos Brands of Life Time Fitness + SVPIGM atWiteWave Foods sv + Boston Consulting Group CFO * Chiet Financial Oficer since uly 2022 + CFO atLittle Secrets + Sr. Director of Finance axDanone North + Sr. Ditector of Finance at WhiteWa
Slide 7: Laird Portfolio
Laird Portfolio TTM Q325 GROSS SALES PRODUCT MIX HIGHLIGHTS Product Line TIM Gross Example Products <1%) Sates ($M)” LLL Lk F Datfee Creamers $27.7 Strategic Focus | Coffee, Tea, and Hot Chocolate net Hydation Beverage gag coffee Creamers Enhancing Products : Cotto, Tea, and Hot Chocoate Harvest sna
Slide 8: Laird: strong sales growth continues
) 4 Laird: strong sales growth continues PEER SALES GROWTH COMPARISON’ (SIN MILIONS 18% s40.9m 7 ‘szucrt (251) 10%
Slide 9: Laird: strong gross margin
Laird: strong gross margin’ a w BEYOND MEAT
Slide 10: Launching innovation with recent new products
Launching innovation with recent new products Novem 2008 LIQUID CREAMERS, + Organi + 2efunetional mushroom + No gums, no flavors, no seed ols HYDRATION tural electrolytes arid minerals + No: ugar, no added flavoring + Aquamin provides >70 trace minerals y \\ A wail PROTEIN COFFEE + Firs + 10gof wh +
Slide 11: Superfoods is a large market with strong secular tailwinds
Superfoods is a large market -with strong secular tailwinds Laird has an opportunity to significantly increase its awareness and share in Superfoods U.S. ORGANIC FOOD MARKET GLOBAL SUPERFOODS MARKET $2808
Slide 12: LSF is building a superfoods platform
LSF is building a superfoods platform \\ we Future strategic Laird Superfood Laird Up to $110 mittion miue ‘ecquiattione of ssi Ba ‘Superfood IPO ot fnclag wvalable Acquisitient ‘superfoods platforms lamitton om Noxus, ‘and brands. S B oo —=— @—__— @ —> PROPOSED ACQUISITIONS TO UNLOCK: Y_ EBITDA gro
Slide 13: Transaction overview summary
Transaction overview summary y \\ we Laird acquiring Navitas' for $38.5 million Combined company to have TTM Q325 sales of $91 million, up 20% year-on-year and 36% gross margins Acquisition being funded by $50 million investment from Nexus, post-closing Nexus will own 53.5%? Board composition: Found
Slide 14: Compelling benefits of the proposed transaction
Compelling benefits of the proposed transaction Building a scalable, multi-brand superfood platform Expands position and brands Highty complementary Inthe large and fast-growing product porvotio enhances superfoods market customer offering, distribution and ‘complementary Naw innovation opportunitio
Slide 15: Additional financing commitment from Nexus
Additional financing commitment from Nexus NEXUS CAPITAL MANAGEMENT Nenus isan aterative asset investment management compeny based in Los ses on long-term volue creation by parinesing wih leaang menogement teams ana businesses. INITIALINVESTMENT! 'Nenus nes ogreedto purchase anita 0,000 shares of Se
Slide 16: Navitas at a glance
Navitas at a glance BUSINESS OVERVIEW Pioneerin upertoods wth premium, nurpoee-driven aterm ot tunetonal food erfoodpontotoot hgh-quoty, heettnybakng, wellness stapes, nd funcional SALES BY CHANNEL! SALES BY TYPE?
Slide 17: Navitas portfolio
Navitas portfolio HEALTHY BAKING Includes a vaetycteacne products (powers, ribs and waters) Ses grestocioste heresy ENVY | WELLNESS STAPLES Includes ange of sine ngresient ang Diended utrentdense products dosignea to {ee day alt cornerstones FUNCTIONAL BERRIES, SNACKS & BEVERAGES Includes potoloct u
Slide 18: Laird & Navitas are highly complementary
Laird & Navitas are highly complementary \\ Al wail BRAND DNA PRICING ‘CHANNEL mx consumer PROFILE
Slide 19: Broadening product portfolio
Broadening product portfolio Building a multi-brand platform in superfoods y \\ A wail U a NAYITAS Functional beverages, creamers and whole foods Raw supertood ingredients. Heakthy Baking, 20% Functional Snacks 0%
Slide 20: Expanding reach across distribution channels
Expanding reach across distribution channels Opportunity to leverage significant cross-sell opportunities and expand across channels DISTRIBUTION’ NAVITAS LAIRD PRO FORMA, © Wholesale © E-Commerce SN |
Slide 21: Combined company pro forma profile
INNW | Combined company pro forma profile Double-digit revenue growth and strong margins Q325 TM NET SALES? $43 9325 TTM GROSS PROFIT’ PROFORMA ene
Slide 22: Combination unlocks significant value from synergies
Combination unlocks significant value from synergies ANNUALIZED COST SYNERGIES ARE 4X LAIRD'S TTM ADJ. EBITDA cocs 1 tegtion ot upoty chan and sourcing OPEX Y Ontinize corporate YY toverage tails ovcine Ines LAIRD ADJUSTED EBITDA? TIM ADJUSTED*EBITDASo.8m issn 4 Ny ws) REVENUE SYNERGIES Y Cross-sell
Slide 23: Benefits for all stakeholders
CUSTOMERS Access to a broader product selection Enhanced quality and consistency across products New innovative product offerings 's for all stakeholders \\ we TEAM INVESTORS Commitment to ongoing professional Attractive growth profile development Highly complementary portfolio and channel mix Attra
Slide 24: Laird M&A strategy: consolidator in the superfoods market
aS, Laird M&A strategy: consolidator in the superfoods market A multi-brand superfood platform built to scale and grow earnings we PROVEN MANAGEMENT LEVERAGE PIPELINE CAPITALFOR CAPABILITIES VISIBILITY GROWTH Proven brand leaders with @ Utiize Laira’s scale, supply Actively evaluating a robust Nexus
Slide 25: Compelling investment profile
Compelling investment profile ~$3.5 million annualized pro forma net sales* cost synergies? Double digit revenue growth and positive adj. EBITDA? 36% Q325 TTM pro Strong balance sheet, forma gross margin" enhanced cash position and no debt Up to $60 million available for future strategic transaction
Slide 26: Appendix
Appendix
Slide 27: Transaction overview detail
Sv | Transaction overview detail ‘TRANSACTION CONSIDERATION Lsire to acquire alt outstanding equity of Navtes and Global Supertood Corp." tor $38.5 milion in cash, Navitas Acquisition to be financed with cash fundod thro placement of $50 millon of Series A Convertible Preferred Stock to afflates of
Slide 28: Reconciliation of GAAP and Non-GAAP Financial Measures
ae Reconciliation of GAAP and Non-GAAP Financial Measures ee ee ee ee ey) — — — = = Z 7 «ae ™ we
Laird Superfood — Merger or Acquisition (January 2026) on 6ix