Confidential & Proprietary CONFIDENTIAL AND PROPRIETARY
79% of Consumers Would Like to Buy More Local Food More People Prefer Local Local Food Sales $20.0B 13.6% CAGR 19.7% CAGR Conventional $12.0B 8.8% CAGR $7.0B $5.0B 8% 26% 66% 2015 2019E 2008 2012 * if equal quality; no price differential Sources: Sullivan Higdon & Sink; A Fresh Look at Organic & Local, July 2013; A.T. Kearney, January 2013; The Power of Produce 2015, USDA 2 Confidential & Proprietary
Superm rmar arket t Scal ale Current Supermarket Suppliers Cannot Provide Local Produce Structured to Meet Needs of Continent Volume In, Volume Out Provides Local Produce Lack of “Burning Platform” Meets Supermarket Requirements Local al Long-Dista tance nce Current Local Farms Cannot Provide to Supermarkets Not Food Safe Certified Limited Volume & Not Year Round Not Sufficiently Reliable/High Quality Farmers Market t Scale 3 Confidential & Proprietary
Deep & Committed Long-Term Supermarket Partnerships Produce Purchase Agreements (PPAs) Guarantee Revenue Insulate From Competition Enable Project Finance Preferred Supplier Preferential and stable shelf space Free Marketing No Sales Force 4 Confidential & Proprietary
Fresher = Better Produce 5 Confidential & Proprietary
Current Revenue Growth (Run Rate) $16,000,000 Current $14,000,000 $12,000,000 CHI $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 LMT WDC $0 01/01/2016 01/02/2016 01/03/2016 01/04/2016 01/05/2016 01/06/2016 01/07/2016 01/08/2016 01/09/2016 11 Confidential & Proprietary
Series C Drives Revenue to $100M Current $120,000,000 $100,000,000 17 Greenhous nhouses $80,000,000 $60,000,000 8 Greenhou houses $40,000,000 $~30M $20,000,000 Series C 3 Greenhou houses $0 2013 2014 2015 2016 2017 2018 2019 1 Greenhou 1 house PRO ROVE THE MODEL SCALE THE MODEL 7 Confidential & Proprietary
Why is BrightFarms Creating the First National Brand for Local Produce? For the Health of the Planet, by improving the environmental impact of the food supply chain For the Health of our Society, by encouraging the consumption of whole and fresh foods. 8 Confidential & Proprietary
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