Page 68 - Strategic_Plan_finanal_jlw_PDF_NeatFlip

Section 15
2021 Operations, Capital Improvement, Acquisition and

Equity Review

Summary:

We are forecasting an increase of 16% in revenue over the 2020 figures, with a total
revenue of $80.6 million. Cost of goods are projected to be 49.42% of sales totaling $39.8
million, resulting in a gross profit of $40.8 million and an EBITDA of $24.2 million.

Other Income:
• We are forecasting $750,000 in revenue from PHT.

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

• We are forecasting $402,350 in revenue from Growers Custom Equipment of which
GIC is 50% owner.

Use of Funds:
• $3,500,000 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