Page 66 - Strategic_Plan_finanal_jlw_PDF_NeatFlip

Section 13
2019 Operations, Capital Improvement, Acquisition and

Equity Review

Summary:

We are forecasting an increase of 12% in revenue over the 2018 figures, with total revenue
of $34.7 million. The cost of goods is projected to be 51% of sales, totaling $17.8 million,
resulting in a gross profit of $16.8 million and an EBITDA of $7.6 million.

Other Income:
• We are forecasting $350,000 in revenue from PHT.

• We are forecasting $60,000 in earnings from Merrill Western of which GIC is a 50%
owner.

• We are forecasting $242,550 in revenue from Growers Custom Equipment of which
GIC is 50% owner.

New Equity: Our plan is based on raising $55,000,000 in new capital for GIC in 2019
from the general public, investment banking, and private equity.

Use of Funds:

• $35,000,000 will be used to pay for 100,000 sq. ft. of new construction in Salinas.
• $20, 000,000 plus stock will be used to acquire no less than 100,000 sq. ft. of cooler
space in a location yet to be determined.
• $2,500,000 will be used to invest in our mobile fleet.

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