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2017 Estimated Budget

Depreciation Earnings Before Taxes Amortization
Shareholder Distribution SG&A EBITDA
COGS Interest

We are projecting 2017 total revenue to be $27 million, with a cost of goods sold at $13.2 million,
resulting in a gross profit of $13.9 million and an EBITDA of $5.3 million.

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