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Hard Synergies – Cost Reduction SECTION 3:
Joule Case Inc.
• Opportunities to incorporate Joule Case’s products, expand the existing solar Exhibits
and distribution channels, leverage US and international relationships. That
will allow Joule Case to control costs on high-cost commodities.
• Revenue synergies - $30 M to be fully achieved by 2022
$70,000,000 $50,000,000
$45,000,000
$60,000,000
$40,000,000
$50,000,000
$35,000,000
$40,000,000 $30,000,000
$25,000,000
$30,000,000
$20,000,000
$20,000,000 $15,000,000
$10,000,000
$10,000,000
$5,000,000
$-
Current 2021 2022 2023 2024 $-
Total Revenue Gross Profit Operating Profit - EBIT EBITDA Net Earnings
$(10,000,000) $(5,000,000)
