Aegis Brands Inc · TSX:AEG
Aegis Brands — Shareholder Meeting (May 2022)
20 slides from Aegis Brands's shareholder meeting presentation, May 6, 2022
Slide 1: Annual General Meeting
May 6th, 2022 Annual General Meeting
Slide 2: Michael Bregman, Chairman
Michael Bregman CHAIRMAN AEGIS BRANDS —s«BRIDGEHEAD
Slide 3: Steven Pelton, President and CEO
Steven Pelton President and CEO
Slide 4: Bridgehead viable revenue channels
Bridgehead 3 viable revenue channels: Coffeehouses Ecommerce Grocery
Slide 5: 2021 Coffeehouse Sales
2021 Coffeehouse Sales $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $- Q1 Q2 Q3 Q4 2020 2021
Slide 6: 2021 Coffeehouse Sales
Ay 500,000 AEGIS BRANDS é Q1 2020 = Q2 2020 ey is Ql 2021 =Q22021 @Q32021 Q42021 > a & ( Pita \ SG a aS i BRIDGEHEAD:
Slide 7: 2021 E-Commerce Sales
2021 E-Commerce Sales 500,000.00 450,000.00 400,000.00 350,000.00 300,000.00 250,000.00 200,000.00 150,000.00 100,000.00 50,000.00 - Q1 Q2 Q3 Q4 2020 2021
Slide 8: 2021 E-Commerce Sales
2021 E-Commerce Sales $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $- Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022
Slide 9: 2021 Wholesale/Grocery Sales
2021 Wholesale/Grocery Sales 300,000 250,000 200,000 150,000 100,000 50,000 - Q1 Q2 Q3 Q4 2020 2021
Slide 10: 2021 Wholesale/Grocery Sales
2021 Wholesale/Grocery Sales 300,000 250,000 200,000 150,000 100,000 50,000 - Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021
Slide 11: 2021 Wholesale/Grocery Sales
2021 Wholesale/Grocery Sales Landed Neal Brothers as Broker/Distribution partner 2019 #2 Coffee across 2020 Farm Boy Ontario 2021 #1 Coffee across Costco Ottawa 2022 0 20 40 60 80 100 Grocery Doors
Slide 12: Company wide wins
Company wide wins • Outsourced in house commissary to local partner • Landed Neal Brothers as grocery broker/distributer • Highest ever employee engagement scores with internal Net promoter +85
Slide 13: Acquisition Strategy
Acquisition Strategy Capitalizing on the Recovery in Hospitality “ Bad companies are destroyed by crisis, Good companies survive them, Great companies are improved by them. -Andy Grove ”
Slide 14: Acquisition Investment Strategy & Criteria
Acquisition INVESTMENT STRATEGY & CRITERIA Strategy ✓ Multiple corporate or franchise ✓ Good brand equity (no turnarounds) locations ✓ Demonstrated staying power ✓ Good growth potential with ability to cross-sell with existing offerings ✓ Prefer leadership stay with acquired company; incented for gr
Slide 15: Illustrative Targets
Illustrative Targets All Figures in C$ Millions Illustrative Corporate Target Illustrative Franchise Target Restaurant Model Corporate Franchised Restaurant Category Casual Dining Quick Service Geographical Footprint Canada International # of Stores 10-50+ 200+ Revenue $50-$300+ $15-$50+ EBITDA $5-$
Slide 16: Restaurant Sector Valuation Metrics
Restaurant Sector Valuation Metrics Corporate Franchised EV / 2021E EBITDA EV / 2021E EBITDA EV / 2022E EBITDA EV / 2022E EBITDA 30.2x 40.0x Fast Casual Fast Casual 22.5x 29.7x 19.7x 18.7x Quick Service Quick Service 18.2x 17.4x 15.5x 16.2x Casual Dining Casual Dining 12.7x 12.9x . AGM 2020 PAGE 15
Slide 17: Financials
Financials
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights 2021 2020 Total Assets 20,320 102,657 Total Assets from Continuing Ops 20,320 16,984 Total liabilities 12,417 87,248 Total liabilities from Continuing Ops 12,417 13,771 Shareholders’ equity 7,903 15,409 The divestiture of the Second Cup and Hemisphere Cannabis businesses str
Slide 19: Income Statement Highlights
Income Statement Highlights 2021 2020 Same coffeehouse sales at Bridgehead 17.7% (32.1%) Number of Bridgehead coffeehouses 21 19 Total revenue $ 10,876 $ 9,428 Operating loss $ (5,776) $ (4,887) EBITDA $ (3,931) $ (2,805) Net loss $ (7,914) $ (19,622) Basic and diluted loss per share as reported $ (
Slide 20: Thank You
Thank You HEMISPHERE ‘CANNABIS CO