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GIC Consolidated Financial Projection In Millions

90
80
70
60
50
40
30
20
10
0
2017 2018 2019 2020 2021

Projected Revenue Projected COG Projected Gross Profit

Projected revenue, and gross profit will more than double between 2017 and 2021.

Projected Revenue by Source (in millions)

80

70
60

50
40

30
20
10

0
2017 2018 2019 2020 2021

Ice Equipment Rental Cooling Revenue Rent Other Income

We project revenue from ice sales, rent, equipment rental and income from other sources (services,
parts, etc.) to increase modestly. We expect the majority of growth to occur in the area of cooling
revenue, increasing 12% in 2018, 12% in 2019, 50% in 2020, and 16% in 2021.

Prepared for Growers Ice Company, Inc.
53
Jim White, PhD --- JL White International