1

Consumer LandscapeEarnings Call Synopsis / Q1 2019 Results

2

Summary

Deal Spotlight

Earnings Call Overview / Players In The Industry

Financial Trends and Transactions

Content

7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document.All data cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor7M Securities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treatedas confidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.

3

7 Mile Advisors is a partner-led middle market investment banking firm providing strategic M&A, privatecapital transactions, and market insight for business owners, corporations, and private equity firms.

The 7MA team has completed over 120 transactions. We provide pragmatic advice, sector expertise andinnovative processes to help clients adeptly navigate the decision tree. Our high-touch processes with senior-led deal teams are the cornerstone of the 7MA process.

4

Our Consumer earnings call synopsis for Q1 2019 includes recent financial results for indicative Consumer

sector publicly-traded companies in the Beauty, Food & Beverage, Transportation & Logistics, and Packaging

sectors for the period January – March 2019.

M&A Indicators:

+ Booming U.S. economy, and financial ability of buyers to make scale investments.

+ While cautious, companies now thwarted by a macro slowdown threat.

+ Inevitable chance and ongoing disruption driving companies to focus on innovation.

+ Focus on increasing capabilities to sharpen competitive edge of a brand.

Technology Trends to Watch:

+ Mobile Marketing Platforms

+ Digital Marketing

+ Brand Protection

5

Summary

Deal Spotlight

Earnings Call Overview / Players In The Industry

Financial Trends and Transactions

Content

7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document.All data cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor7M Securities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treatedas confidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.

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• Uniguest, a Nashville-based global provider of secure public-space technologysolutions, acquired Touchtown, a Pittsburgh-based senior living communityengagement provider.

• The acquisition is designed to offer next-generation technology to the senior living andhospitality industries by expanding Uniguest’s customer engagement solutions focusedon cybersecurity, managed services, and providing engagement for its clients’customers.

• Touchtown solutions are in more than 1,200 communities serving 250,000 seniors and200,000 staff members, and the acquisition enhances Uniguest’s value in productoffering and integration.

• Corsearch, Inc., a trademark and domain solutions leader, acquired Yellow BrandProtection AB of Sweden, a leading global provider of online anti-counterfeiting andbrand protection services.

• The acquisition further expands Corsearch’s full service brand protection offering forclients and brands globally.

• Online IP infringement is an increasingly expanding challenge for brands as e-commerce growth continues at record speeds and digital marketing becomes a corebusiness strategy.

7

Summary

Deal Spotlight

Earnings Call Overview / Players In The Industry

Financial Trends and Transactions

Content

7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document.All data cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor7M Securities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treatedas confidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.

8

Consumer M&A was slower in Q1 2019 than in the prior quarter,continuing a trend of subdued deal flow that has persisted for fivestraight quarters. Slower volume may reflect increased pricingpressures. As an increasing number of firms continue to explore newdigital strategies, some Consumer companies will likely remainacquisitive in 2019 and beyond. Others may instead turn to corecompetencies and see divestments, such as recent ones done byKellogg’s and Hormel, as a key part of their corporate strategy. Severalcompanies cited plenty of dry powder to continue to make bothtransformative and smaller scale acquisitions going forward.

JAB Holding Co.’s announcement of a tender offer to increase its stakein Coty, Inc. was among the largest deals in Q1 2019. The proposedpurchase of 150 million shares would give JAB 60% ownership in thecosmetics company (of which it presently holds 47%) for a cost of $1.75billion. JAB’s other holdings include consumer brands such as PaneraBread and Peet’s Coffee & Tea.

Management teams’ focus remained on the macro environment, butcommentary showed more confidence in continuing economic strengthgoing forward. Additionally, most companies were also quick to point outcontinuing strong demand trends across markets globally.

There is an acceleration of digitization across industries to meetconsumer expectations. Companies are planning to embrace digitaltransformation to improve asset efficiencies and are looking toconsolidate and upgrade their systems for better business insights. Assuch, the outlook for this space remains optimistic.

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Public Rev & EBITDA Multiples Over Time

For the most recent reporting periods as of 4.24.19Source: Capital IQ

Company TEV $mLTM Rev

$m

Rev Growth

YoY GP %EBITDA

%TEV / Rev X

TEV / EBITDA

X # FTEsRev / FTE $k

XPO Logistics, Inc. 11,606 17,279 12% 15% 9% 0.7 7.7 100,000 173

C.H. Robinson Worldwide, Inc. 13,430 16,631 12% 8% 6% 0.8 13.5 15,262 1,090

Amcor Limited 17,210 9,369 3% 19% 13% 1.8 13.5 - NA

Crown Holdings, Inc. 17,110 11,709 30% 19% 14% 1.5 10.2 33,000 355

General Mills, Inc. 45,886 16,594 6% 35% 22% 2.8 12.4 40,000 415

L'Oréal S.A. 149,346 30,842 4% 73% 22% 4.9 22.7 86,030 359

Unilever N.V. 177,613 58,372 -5% 44% 27% 3.1 11.2 154,848 377

The Coca-Cola Company 240,494 32,250 -5% 63% 33% 7.5 20.7 62,600 515

The Procter & Gamble Company 279,206 67,093 1% 50% 26% 4.2 15.8 92,000 729

Nestlé S.A. 313,567 93,246 2% 50% 20% 3.5 16.6 308,000 303

Average 126,547 35,338 6% 37% 19% 3.1 14.4 89,174 479

Median 97,616 24,060 3% 39% 21% 2.9 13.5 74,315 377

13.4x

2.6x

0x

5x

10x

15x

20x

TEV/EBITDA - Median TEV/Revenue - Median TEV/EBITDA - Average TEV/Revenue - Average

10

Average: 6% Average: 37% Average: 19%

For the most recent reporting periods as of 4.24.19Source: Capital IQ

LTM GROSS PROFIT MARGIN %LTM REVENUE GROWTH % LTM EBITDA %

- 20% 40% 60% 80%

Median

C.H. Robinson Worldwide,Inc.

XPO Logistics, Inc.

Amcor Limited

Crown Holdings, Inc.

General Mills, Inc.

Unilever N.V.

The Procter & GambleCompany

Nestlé S.A.

The Coca-Cola Company

L'Oréal S.A.

- 10% 20% 30% 40%

Median

C.H. Robinson Worldwide,Inc.

XPO Logistics, Inc.

Amcor Limited

Crown Holdings, Inc.

Nestlé S.A.

L'Oréal S.A.

General Mills, Inc.

The Procter & GambleCompany

Unilever N.V.

The Coca-Cola Company

(10%) - 10% 20% 30% 40%

Median

Unilever N.V.

The Coca-Cola Company

The Procter & GambleCompany

Nestlé S.A.

Amcor Limited

L'Oréal S.A.

General Mills, Inc.

C.H. RobinsonWorldwide, Inc.

XPO Logistics, Inc.

Crown Holdings, Inc.

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Commentary“We’re constantly thinking what’s going to be next, what’s this businessgoing to look like in 5 years and 10 years and 20 years and getting aheadof the curve. And the main way we get ahead of the curve is technologyand applying technology and automation in every single part of ourbusiness..." — Bradley S. Jacobs, Chairman & CEO

HighlightsFor the quarter ended March 31, 2019 (Q1’19):

• XPO Connect—the company’s digital freight marketplace—represents asignificant investment in technology. Its success in freight brokerage isleading XPO to roll it out in last mile space in North America andacross transportation services in Europe.

• The quarter provided a solid beat on adjusted EBITDA and even moreso on free cash flow. Adjusted EBITDA, at $343 million, was a firstquarter record, up 3.9% YoY.

• Management provided no specific direction on uses of “oodles of cashflow” but instead will continue looking at what makes the most sensefrom a return on capital point of view between M&A, paying downdebt, capital expenditures, and stock buybacks.

• Buying truck brokers is attractive as part of long-term growth plans forXPO, but very high valuations coupled with/caused by relative scarcityof larger truck brokers presents an obstacle. Management cites similarlogic for being less active in M&A in Asia.

• XPO expects to continue the scaled rollout of robotics for both newlaunches and existing relationships, and to expand contract logisticsmargins over time as a result.

News• XPO Logistics Expands XPO Connect Into Last Mile

Source: PR, CapitalIQ and Earnings Call Transcript

Market Performance (LTM)

Revenue by Geography

United States

58%

North America

(Excluding

United States)14%

France

13%

United

Kingdom

12%

Europe

(Excluding

France and United

Kingdom)

2%

30%

40%

50%

60%

70%

80%

90%

100%

110%

120%

XPO - Share Pricing ^SPX - Share Pricing

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Commentary“Over the balance of 2019 and beyond, we’ll continue to accelerate ourdigital transformation efforts to provide benefits to our network ofcustomers and carriers and to drive process efficiency for ouremployees." — Robert C. Biesterfeld, Chief Operating Officer

HighlightsFor the quarter ended March 31, 2019 (Q1’19):

• Acquisition of the Space Cargo Group, closed on February 28,expanded C.H. Robinson’s Global Forwarding presence in Spain andColombia.

• Expect to continue current approach to M&A by looking for qualitycompanies that fit strategies, business model and culture. Particularlyfocused on building out Global Forwarding space by seeking deals thatfill in a geographical space, strengthen scale, or expand services.

• Exploring final mile and e-commerce services within acquisitionstrategy, but valuations are extremely high in the space.

• Continued investments in technology are spurring strong operatingperformance via advanced algorithms and a data advantage thatimproves employees’ ability to profitably match shipper demand andcarrier supply.

• Planning for tariff activity and resulting compliance continues to beimportant among global customer base as they think about thepotential implications and the redesign of global supply chains.

Source: PR, CapitalIQ and Earnings Call Transcript

News• C.H. Robinson Acquires The Space Cargo Group To Expand Global

Presence

North

American

Surface Transportation

(NAST) Incl.

Robinson Fresh

Transportation

Networks

75%

Global

Forwarding

14%

All Other and

Corporate

11%

Market Performance (LTM)

Revenue by Segment

70%

80%

90%

100%

110%

120%

CHRW - Share Pricing ^SPX - Share Pricing

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Commentary"We’re very comfortable with our financial position, and that willstrengthen even further following the Bemis acquisition.“— Ron S. Delia, CEO & Executive Director

HighlightsFor the half ended December 31, 2018 (H1’19):

• The ongoing combination with Bemis Company, Inc. (expected to becompleted in Q2 2019) complements organic growth in both theFlexibles and Rigid Plastics segments by producing net positivesynergies once accounting for the costs of integration. Currentoutlooks are on the order of $5-$10 million in each of the segmentsand are expected to be delivered relatively evenly over the 3-yearperiod post-close.

• Amcor expects full-year free cash flow to be in the range of $200-$300million. Pursuing acquisitions remains part of the capital allocationframework that has not changed for a number of years.

• Sustainable packaging is a unique opportunity to drive meaningfulgrowth in the future. The merger with Bemis represents a significantstep in this direction by combining two R&D leaders in the packagingindustry.

News• Amcor and Bemis Transaction Timetable update• Amcor Limited and Bemis Company, Inc. to combine in US$6.8

billion all-stock transaction• Amcor Announces Speciality Container Acquisition in Colombia

Source: PR, CapitalIQ and Earnings Call Transcript

Market Performance (LTM)

Revenue by Segment

Rigid Plastics

69%

Flexibles

31%

80%

85%

90%

95%

100%

105%

110%

115%

120%

125%

ASX:AMC - Share Pricing ^SPX - Share Pricing

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Commentary"We’re kind of in this iPhone world now where if things don’t go up 10%every week, somehow that’s a disappointment. But I’ll take 2.5%growth all day long in a business that has 90% free cash flow conversionbecause it has very little capital requirement.“— Timothy J. Donahue, CEO & Director

HighlightsFor the quarter ended March 31, 2019 (Q1’19):

• Quarterly improvement in segment income is primarily due to Signodeacquisition from The Carlyle Group in 2017, which closed in April 2018.

• Given Signode’s $2.5 billion in revenue and recent spend of $30 millionin capital, management is very happy with 2%-2.5% growth.

• Getting to position where Crown can supplement Signode acquisitionwith a bolt-on or perhaps a little larger is among the company’s goals.

• Management expects above-market growth going forward, partiallybased on new plant expansion in 2018. Plants were open or expanded inSpain, Italy, Myanmar, Cambodia, and Mexico.

• Strong and recurring free cash flow continues to be a goal and haspreviously supported acquisition activity (Mivisa in 2014, Empaque in2015, Signode in 2018).

News• Crown Holdings Announces Acquisition of Signode Industrial Group

Holdings

Source: PR, CapitalIQ and Earnings Call Transcript

Market Performance (LTM)

Revenue by Segment

Americas

Beverage

29%

European

Beverage

21%

European Food

16%

Asia Pacific

12%

Transit

Packaging

12%

50%

60%

70%

80%

90%

100%

110%

120%

130%

140%

CCK - Share Pricing ^SPX - Share Pricing

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Commentary"As we look to next year, our focus is going to be on staying verybalanced. We want to make sure we have a mix of top line growth andmargin expansion, we’re not going to lean strongly in one way or theother. We know we have to deliver a balanced year to have sustainablemodel, and that’s where we’re going to be focused on as we build theyear." — Donal Leo Mulligan, Chief Financial Officer

HighlightsFor the quarter ended February 24, 2019 (Q3’19):

• The addition of the higher margin Blue Buffalo business helped drivesignificant margin expansion in the quarter, leading to an adjustedoperating profit of $730 million.

• Core working capital totaled $498 million, up 12% compared to thesame period last year, due entirely to Blue Buffalo’s addition to thebalance sheet. Excluding Blue Buffalo, the metric saw a double-digitdip.

• General Mills expects significant top and bottom line growth to BlueBuffalo as it launches into new food/drug/mass (FDM) customersexpands the Wilderness subline into the FDM channel as well.

News• General Mills Accelerates Portfolio Reshaping With Acquisition of Blue

Buffalo Pet Products

Source: PR, CapitalIQ and Earnings Call Transcript

Market Performance (LTM)

Revenue by Segment

North America

Retail

60%Convenience

Stores &

Foodservice11%

Europe &

Australia

10%

Asia & Latin

America

10%

Pet

8%

70%

80%

90%

100%

110%

120%

130%

GIS - Share Pricing ^SPX - Share Pricing

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Commentary"Our strategy of being more consumer-focused and creating value for ourcustomers is working. And we are confident we will deliver our full yeartargets and drive shareholder value.“— James Robert B. Quincey, CEO & Director

HighlightsFor the quarter ended March 29, 2019 (Q1’19):

• Net Revenues grew 5% in the first quarter compared to the prior yearwhile Operating Income grew 29% for the same comparison period.Free cash flow, which can be used to fund capital strategies such asacquisitions, stood at $335 million.

• Comparable margins contracted in the quarter due to the impact ofacquisitions and currency. At the gross profit level, underlying grossmargin expanded about 30 basis points. Net acquisitions impactedgross margin by about 80 basis points. This was expected with theimpact from net acquisitions driven primarily by bottler transactionswithin Coca-Cola’s bottling investments segment.

• Coca-Cola also closed its acquisition of CHI Ltd., an innovative, fast-growing leader in expanding beverage categories in West Africa,including juices, value-added dairy and iced tea.

News• The Coca-Cola Company Completes Acquisition of Chi Ltd. in Nigeria• The Coca-Cola Company Completes Acquisition of Costa from

Whitbread PLC

Source: PR, CapitalIQ and Earnings Call Transcript

Market Performance (LTM)

Revenue by Geography

Europe, Middle

East & Africa

33%

Latin America

22%

North America

15%

Asia Pacific

12%

Unallocated

Global

Ventures11%

Unallocated

Bottling

Investments7%

Eliminations

-2%

70%

80%

90%

100%

110%

120%

130%

KO - Share Pricing ^SPX - Share Pricing

17

Commentary“Efforts to extend our margin of competitive superiority, to driveproductivity savings to fund investments for growth and enhance ourindustry-leading margins, to simplify our organization structure andincrease accountability, to constructively disrupt our industry are drivingimproved results. But the external environment presents manychallenges. To address these challenges and further strengthen results,we continue to accelerate the pace of change.“— Jon R. Moeller, CFO & Vice Chairman

HighlightsFor the quarter ended March 31, 2019 (Q3’19):

• Organic sales grew 5% driven by volume, pricing and mix acrossproduct lines. In terms of region, the growth was broad-based with 13of P&G’s top 15 markets equal to or ahead of a year ago.

• Cash flow remains strong with free cash flow productivity of 100%.• Procter & Gamble returned $3.1 billion of cash to shareholders via $1.9

billion of dividend payments and roughly $1.3 billion of stockrepurchases.

• Recent acquisition of This is L. represents expansion into naturalssegment, as well as acknowledges conscious consumer trend.

News• P&G Acquires This Is L., One of the Fastest Growing Feminine Care

Brands in the U.S.• P&G Acquires the Consumer Health Business of Merck KGaA,

Darmstadt, Germany

Source: PR, CapitalIQ and Earnings Call Transcript

Market Performance (LTM)

Revenue by Segment

70%

80%

90%

100%

110%

120%

130%

140%

150%

PG - Share Pricing ^SPX - Share Pricing

Segment

Adjustment

33%

Health Care

26%

Snacks and Pet

Care

19%

Fabric & Home

Care

13%

Baby, Feminine

& Family Care

9%

Corporate

1%

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Summary

Deal Spotlight

Earnings Call Overview / Players In The Industry

Financial Trends and Transactions

Content

7 Mile Advisors appreciates the opportunity to present this confidential information to the Company. This document is meant to be delivered only inconjunction with a verbal presentation, and is not authorized for distribution. Please see the Confidentiality Notice & Disclaimer at the end of the document.All data cited in this document was believed to be accurate at the time of authorship and came from publicly available sources. Neither 7 Mile Advisors nor7M Securities make warranties or representations as to the accuracy or completeness of third-party data contained herein. This document should be treatedas confidential and for the use of the intended recipient only. Please notify 7 Mile Advisors if it was distributed in error.

19

For the most recent reporting periods as of 5.28.19Source: Capital IQ

Company Name Revenue ($M) Revenue Growth (%)

Q1 19 Q4 18 Q3 18 Q2 18 Q1 18 CQ4'18 FY'18 FY'17

XPO Logistics, Inc. $ 4,120 $ 4,389 $ 4,335 $ 4,364 $ 4,192 -6.1% -0.7% 4.1%

C.H. Robinson Worldwide, Inc. $ 3,751 $ 4,138 $ 4,292 $ 4,276 $ 3,925 -9.3% 0.4% 8.9%

Amcor Limited $ 2,276 $ 2,276 $ 2,408 $ 2,408 $ 2,251 0.0% 0.0% 7.0%

Crown Holdings, Inc. $ 2,755 $ 2,734 $ 3,174 $ 3,046 $ 2,197 0.8% 4.2% 38.6%

General Mills, Inc. $ 4,198 $ 4,411 $ 4,094 $ 3,890 $ 3,882 -4.8% 5.2% 0.2%

L'Oréal S.A. $ 6,773 $ 6,773 $ 6,695 $ 6,695 $ 6,306 0.0% 0.0% 6.2%

Unilever N.V. $ 12,315 $ 12,315 $ 13,176 $ 13,176 $ 12,995 0.0% 0.0% 1.4%

The Coca-Cola Company $ 8,020 $ 7,058 $ 8,245 $ 8,927 $ 7,626 13.6% -7.6% 17.1%

The Procter & Gamble Company $ 16,462 $ 17,438 $ 16,690 $ 16,503 $ 16,281 -5.6% 1.1% 1.4%

Nestlé S.A. $ 23,838 $ 23,838 $ 22,037 $ 22,037 $ 23,416 0.0% 0.0% -5.9%

Average $ 8,451 $ 8,537 $ 8,515 $ 8,532 $ 8,307 -1.1% 0.3% 7.9%

Median $ 5,486 $ 5,592 $ 5,515 $ 5,529 $ 5,249 0.0% 0.0% 5.1%

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*Excluded due to reporting period distorting ratiosFor the most recent reporting periods as of 5.28.19

Source: Capital IQ

Company Name Gross Margin (%) EBITDA Margin (%)

Q1 19 Q4 18 Q3 18 Q2 18 Q1 18 Q1 19 Q4 18 Q3 18 Q2 18 Q1 18

XPO Logistics, Inc. 15.1% 14.0% 15.1% 15.6% 14.1% 8.2% 8.0% 9.4% 9.3% 7.9%

C.H. Robinson Worldwide, Inc. 9.0% 9.0% 8.4% 7.7% 7.6% 6.6% 6.4% 6.3% 5.7% 5.5%

Amcor Limited 18.7% 18.7% 20.0% 20.0% 19.9% 13.3% 13.3% 13.4% 13.4% 15.3%

Crown Holdings, Inc. 19.8% 17.2% 20.3% 19.0% 17.7% 14.7% 10.9% 15.8% 14.6% 14.2%

General Mills, Inc. 34.4% 34.2% 34.1% 36.6% 32.4% 22.1% 21.3% 20.5% 23.9% 19.3%

L'Oréal S.A. 72.4% 72.4% 73.1% 73.1% 71.6% 21.2% 21.2% 22.5% 22.5% 21.9%

Unilever N.V. * * * * * 32.8% 32.8% 22.3% 22.3% 16.7%

The Coca-Cola Company 62.7% 61.4% 62.9% 63.6% 64.1% 34.5% 23.2% 36.2% 35.9% 35.0%

The Procter & Gamble Company 49.3% 49.7% 49.6% 48.1% 48.5% 24.6% 27.0% 25.7% 24.1% 24.1%

Nestlé S.A. 50.1% 50.1% 49.5% 49.5% 49.1% 19.6% 19.6% 20.5% 20.5% 19.2%

Average 36.8% 36.3% 37.0% 37.0% 36.1% 19.8% 18.4% 19.3% 19.2% 17.9%

Median 34.4% 34.2% 34.1% 36.6% 32.4% 20.4% 20.4% 20.5% 21.4% 17.9%

21

Source: Capital IQ

Date Target Buyers/Investors Target Business Description

3/11/2019 J&D Brush Company Inc. Goody Products Inc.

J&D Brush Company Inc., doing business as JD Beauty Group, manufactures and markets professional hairbrushes and beauty products for women and men.

3/4/2019Janie and Jack Retail Chain of

Gymboree Group Inc.The Gap, Inc. (NYSE:GPS)

Gymboree Group, Inc. operates as a children’s apparel specialty retailer in North America. The company offers apparel and accessories for boys and girls under the Gymboree, Janie and Jack, and Crazy 8 brands.

1/16/2019Substantially all of the Assets of Sears

Holdings CorporationESL Investments, Inc.

Sears Holdings Corporation operates as an integrated retailer in the United States. It operates in two segments, Kmart and Sears Domestic.

1/10/2019 Beachbody, LLC Buyer/Investor Undisclosed

Beachbody, LLC provides fitness, nutrition, and weight-loss programs for customers. It also operates an online community for fitness and weight loss solutions, as well as develops products and sells its products online.

1/9/2019Pharmacy Business of Shopko Stores,

Inc.CVS Pharmacy, Inc.

Shopko Stores Operating Co., LLC owns and operates a chain of general merchandise retail stores in the United States.

22

At the time this was published: 1) 7M Securities was not making a market in any of the securities listed herein, nor was 7M Securities or associated

persons selling or buying them from customers on a principal basis. 2) Neither 7M Securities, its officers nor its partners have a financial interest

beyond a nominal basis in any of the securities of the issuers listed herein. 3) 7M Securities was not a manager or co-manager of a public offering

of any of the securities listed herein within the past 12 months.

This report is for your information only and is not an offer to sell, or a solicitation of an offer to buy, the securities or instruments named or

described in this report. Interested parties are advised to contact the entity with which they deal, or the entity that provided this report to them,

if they desire further information. The information in this report has been obtained or derived from publicly available sources but neither 7 Mile

Advisors, LLC nor 7M Securities, LLC represents that this information is accurate or complete. Any information contained in this report is subject

to change without notice.

23

CONTACT INFO7MA provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. We advise onM&A and private capital transactions and provide market assessments and benchmarking. As a close-knit team with a long historytogether and a laser focus on our target markets, we help our clients sell their companies, raise capital, grow throughacquisitions, and evaluate new markets. Securities offered through 7M Securities LLC.

Leroy Davis, Partner 704.899.5962 leroy@7mileadvisors.com

Tripp Davis, Partner 704.899.5762 tripp@7mileadvisors.com

Andy Johnston, Partner 704.899.5961 andy@7mileadvisors.com

Ben Lunka, Managing Director 704.496.2995 ben@7mileadvisors.com

Jeff Stoecklein, Managing Director 312.796.9330 jeff@7mileadvisors.com

Mark Landry, Managing Director 561.972.0609 mark@7mileadvisors.com

Kristina Sergueeva, Director 704.899.5149 kristina@7mileadvisors.com

Neil Churman, Director 281.742.9340 neil@7mileadvisors.com

John Cooper, Director 704.973.3996 john@7mileadvisors.com

Tim Frye, Director 704.973.3994 tim@7mileadvisors.com

Nicholas Prendergast, Financial Analyst 704.973.3995 nicholas@7mileadvisors.com

Ariail Siggins, Marketing Director 704.981.2908 ariail@7mileadvisors.com

Sydney Larese, Associate 704.973.3998 sydney@7mileadvisors.com

Marty Johnson, Associate 704.973.3999 marty@7mileadvisors.com

Rory Julyan, Associate 704.981.2520 rory@7mileadvisors.com

Garth Martin, Associate 704.973.3997 garth.martin@7mileadvisors.com

Dennis Fox, Associate 704.706.9168 dennis@7mileadvisors.com

Steve Buffington, Associate 704.960.1828 steve@7mileadvisors.com

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Emily Halstenberg, Marketing / Sales Coordinator 704.409.9912 emily@7mileadvisors.com