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A modern update on the iconic ice cream truck.
Market Opportunity:
Strong Preference For Super-Premium
Preference ForImpulse Purchases
Strong U.S.Market
Preference For All-Natural
Growing Preference Forโ€œFree Formโ€
Conclusions:
1. There Is a Broad And Sustained Interest In High-Quality Ice Cream: Super-Premium and All-Natural ice
creams are on-trend, with sustained increases in growth over the last decade and projected to continue;
industry growth is primarily spurred by the โ€œfree formโ€ segment at this time.
2. Impulse Purchases Are Driving The Market: Consumers overwhelmingly purchase ice cream on a whim!
Global
$60B
Domestic
$13B
All Other
36%
Impulse
64%
All Other Categories
80.5%
Super-Premium
19.5%
Global Total
$60B
All-Natural
$28B
Projected Annual Revenues,
All Segments, 2017
Non-dairy, low-sugar, gluten-free, etc.
Purchased For Immediate Consumption
High Fat Content, Low Air Content
Free of arti๏ฌcial additives and
highly processed ingredients
$59B
$60B
$61B
$62B
$63B
2017 2018 2019 2020 2021
Projected CAGR +5% Driven Primarily By
Growth In โ€œFree Formโ€ Ice Cream Segment
Market Problem:
Our Solution:
โ€ข High degree of market segmentation: Ice cream sales are divided amongst impulse, super-premium, all-
natural, and โ€œfree formโ€ (low-fat, low-sugar, gluten-free, vegan/dairy-free, and more).
โ€ข Changing Tastes: The iconic ice cream truck has fallen out of fashion as consumersโ€™ tastes have trended
towards more natural/healthy ingredients and processes โ€” parents now regard the ice cream truck as
suspicious as it relates to their children'sโ€™ diets.
โ€ข Develop a nationally recognized brand of modern ice cream trucks serving the best possible product
โ€ข Combine the proven market segments for impulse purchases, super-premium, all-natural, and free-form
ice cream and sorbet with our product menu
โ€ข Create a synergy between our ice cream trucks and take-home product in the grocery aisle
โ€ข O๏ฌ€er an experience that stokes the consumersโ€™ sense of nostalgia and novelty
โ€ข Service our product via a highly e๏ฌƒcient distribution mechanism that keeps operating costs low
โ€ข Create a fully integrated customer experience that tracks their favorite ๏ฌ‚avors, allergies/dietary restrictions,
and past experiences; rewards customers for repeat visits and social media engagement
โ€ข No Compromises: Our established product is the best possible quality and incredibly delicious! We are
proud of our ingredients and processes, and are eager to share them with our customers. Our 19% butterfat/
30% overrun formula positions our product as one of the richest, most dense products on the market.
โ€ข Sensitive to All Dietary Restrictions: We cater to all appetites and dietary restrictions: vegan, gluten-free,
etc. We are able to recommend new menu items to our customers based on their past purchases.
โ€ข Rewards For Repeat Visits and Social Media Interactions: Tracking of past experiences and simple loyalty
programs can work to drive repeat visits from customers. Imagine bringing your child to an ice cream truck in
an unfamiliar city and he hears โ€œHappy Birthday Billy! Weโ€™ve got your favorite ๏ฌ‚avor today, and itโ€™s on the
house!โ€
โ€ข A Modern Update On An Iconic Concept: Think โ€œMr. Softee for the 21st century.โ€ Customers can expect the
same superlative experience across multiple markets.
Value Propositions For The Consumer:
(L-R): Our Sโ€™Mores Cone, made with our own graham
cracker cone, toasted marshmallow rim, and chocolate ice
cream; Our Rootbeer Float, made with 100% natural, whole
ingredients like sarsaparilla root and fresh ginger; and our
Choco-Huckleberry Ice Cream Sandwich, made with our
Mountain Huckleberry ice cream and Chocolate Crinkle
Cookies
Underlying Magic:
โ€ข Itโ€™s About the Kids!: While many modern food companies are targeting the adult โ€œfoodieโ€ or โ€œconscious
consumer,โ€ our ultimate goal is to make kids and parents happy! Our branding strategy relies on enticing
children to try our ice cream, and to prove to their parents that we always have their kidsโ€™ well-being in mind.
โ€ข Vat Pasteurization: Our ice cream is pasteurized at a signi๏ฌcantly lower temp for a longer period than other
products โ€” this gives our ice cream an incredible texture and ๏ฌ‚avor, while maintaining more healthy bacteria.
โ€ข Familiar Flavor Combinations Are Proven Hits: Flavors like Key Lime Pie, Bourbon Pecan Pie, and Southern
Banana Pudding provoke an immediate fondness and expectation in the customer's mind.
โ€ข โ€œEnlightened Hospitalityโ€: Our customers should always feel like their individuality is recognized and
embraced โ€” a small-town feel with a personal touch behind every cone!
Business Model:
โ€ขOur products are ๏ฌrst tested in small batches at our Montana facility, while food service products for our ice
cream trucks are then produced to our specs by established co-packers throughout the US. Our ice cream co-
packer has been in business for over twenty years, and is well-equipped to meet our volume demands as our
business grows.
โ€ขTo control packaging costs, packaged grocery product is produced at our own facility.
โ€ขDistribution is handled in part by company-owned vehicles. Packaged grocery product is introduced to new
markets in tandem with our ice cream trucks, and serviced via the same delivery vehicles.
โ€ขDistribution-related overhead is o๏ฌ€-set by transport of other third-party food and beverage along our
established delivery routes.
$
EOIC Facility
+
+
+
Demo Product
Commercial Product
Fundraising Goals:
โ€ข Upgrades to facility, including establishment of packaging processes and expansion of cold storage
โ€ข Purchase ice cream trucks, launch in secondary markets
โ€ข Working Capital
The company is currently seeking $200k through the sale of its common stock to members of the foundersโ€™
friends, family and acquaintances in a โ€œfriends & family roundโ€.ย  In exchange for $200k, the investors in this
round will collectively own approximately 20.4% of the Company.
ย 
The company anticipates that it will need to raise an additional $200k in the 4th quarter of 2017 to expand its
packaging capabilities. While we expect to sell shares of common stock at the price it is currently o๏ฌ€ered, we
cannot guarantee that the price will be the same at the time of the subsequent investment round.
Use Of Proceeds:
Equity
Common Stock
Of 2M Authorized Shares
Pre-Raise
% Ownership
Post-Raise
% Ownership
Alex McKenzie 408,000 87.2% 69.4%
Christina Calabrese 20,000 4.3% 3.4%
Ti๏ฌ€any Lach 20,000 4.3% 3.4%
Darryl David 20,000 4.3% 3.4%
Friends & Family Investors, Total 120,309 0% 20.4%
Total 588,309 100% 100%
Financials:
Gross Pro๏ฌt (Ice Cream Only);
Excludes Third-Party Distribution Revenues/COGS
2016
Summer
Only*
2017
Summer Only,
Projected
2018
Year-Round,
Projected
2019
Projected
Revenues $16,000 $25,000 $225,000 $305,000
Cost of Goods and Services $6,300 $15,000 $155,000 $200,000
Gross Pro๏ฌt $9,700 $10,000 $70,000 $105,000
Gross Pro๏ฌt Margin 61% 40% 31% 34%
Debt Financing Amount Interest Rate Term
Convertible Promissory Note* $100,000 6% simple 10 years
USDA/Prospera Business Network $25,000 8% 5.5 years
Nissan/GMAC (Company Vehicle) $35,000 3.48% 6 years
Founderโ€™s Loans $25,000 N/A N/A
$85,000
*Convertible Promissory Note converts into equity of the Company upon certain ๏ฌnancing or time thresholds.
*Launch Season Did Not Include Founderโ€™s Salary
Milestones To Date:
May 2015
Company Established
Summer/Fall 2015
Market Research &
Product Development
Winter /Spring 2016
Facility Lease Signed;
Co-Packing Relationships Established;
$25K USDA Loan Obtained
Summer 2016
Initial Sales Season
$16K gross, 61% Pro๏ฌt Margin
September 2015
$50K Investment
From Hampshire College
Fall/Winter 2016
Distribution Arm Established;
$10K Grant Awarded
For Company Use
Spring 2017
Federal liquor license obtained;
Company Vehicle Purchased;
Second $50K Investment Procured
Summer 2017
Second Sales Season Launched;
Increased Distribution Range and Sales;
Board of Directors Established
Fall 2017
Friends & Family Investment Round;
Submit Regulatory Plan For On-Site Production
Spring 2018
Begin Distribution of Packaged Product;
Prepare for Launch In Southern Market
Summer 2018
Launch in Southern Market;
Expand Montana Retail Operation
Winter 2017
Second Investment Round;
Acquire Production & Packaging Assets;
Acquire Ice Cream Trucks
Growth Timeline:
Brand
High-End Product?
All-Natural & Super-
premium?
Brick-and-Mortar
Locations
Ice Cream Trucks
Available at
Grocery Store?
Available Outside
Montana?
3 1
1 1
5 2
3 (projected)
Competitive Analysis: Montana Ice Cream Brands
(Idaho only)
Brand Product Formula
Brick-and-Mortar
Locations
Ice Cream Trucks
Available at Grocery
Store?
โ€œEconomy gradeโ€: Less
than 10% butterfat,
with ~120% overrun
(air mixed in) and
arti๏ฌcial ingredients
Products
available in
hundreds of
trucks
nationwide
โ€œEconomy gradeโ€: Less
than 10% butterfat,
with ~120% overrun
(air mixed in) and
arti๏ฌcial ingredients
<10 ~600
All-natural, super-
premium: No arti๏ฌcial
or highly-re๏ฌned
ingredients; 19%
butterfat and 30%
overrun
3 (projected)
Competitive Analysis: Notable Ice Cream Trucks
Management Team:
Advisor: Darryl David has worked in the dairy industry for nearly forty years, having founded his ๏ฌrst ice cream
brand in 1978. He has worked variously as VP Operations and Franchise Sales at Annabelle's Natural Ice Cream,
Inc.; Director of Purchasing at West Lynn Creamery, with $500M in sales; Director of Operations and Cost
Control at Reilly Dairy & Food Co, with over $80M in sales; and currently advises frozen dairy companies with
his organization Darrylโ€™s Ice Cream Solutions, LLC.
Ti๏ฌ€any Lach is the founder and owner of three Solaย Cafeย & Market locations and Red Tractor Pizza in southwest
Montana. She has owned multiple cafes and bakeries within the west/southwestern US throughout her 28
years as an entrepreneur.
Founder: Alex McKenzie is the Founder and CEO of The Emperor of Food, Inc. He has nearly twenty years of
experience across multiple sectors of the food industry, including work in 14 di๏ฌ€erent restaurants; food-service
operations; multiple farms, including dairy and other livestock; wholesale production operations; and both
freshwater and saltwater aquaculture systems. He holds a BA in Food Policy, and has maintained a deep
fanaticism for ice cream since he was a youngster. This is his ๏ฌrst experience as a business owner.
Board of Directors: Christina Calabrese is the co-founder of the Emperor of Food (and Alexโ€™s partner), and
serves as the company Secretary. With professional experience in real estate and design, she will be an asset
as we commence operations in markets beyond Montana, assisting with matters related to zoning, applicable
permitting, and vehicle prototyping.
Our Teenage Scoopers and Wa๏ฌ„e-Cone Pros: For the
past two summer seasons, weโ€™ve taken great pride in
providing Big Sky youth with their ๏ฌrst employment
experience!
Contact:
Alex McKenzie
alex.c.mckenzie@gmail.com
(406) 595-3392
The Emperor of Ice Cream
PO Box 161256
Big Sky, MT 59716
www.eoicbigsky.com
https://www.instagram.com/eoicbigsky/
https://www.facebook.com/EOICBigSky/
https://twitter.com/eoicbigsky

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The Emperor of Ice Cream: Pitch Deck

  • 1. A modern update on the iconic ice cream truck.
  • 2. Market Opportunity: Strong Preference For Super-Premium Preference ForImpulse Purchases Strong U.S.Market Preference For All-Natural Growing Preference Forโ€œFree Formโ€ Conclusions: 1. There Is a Broad And Sustained Interest In High-Quality Ice Cream: Super-Premium and All-Natural ice creams are on-trend, with sustained increases in growth over the last decade and projected to continue; industry growth is primarily spurred by the โ€œfree formโ€ segment at this time. 2. Impulse Purchases Are Driving The Market: Consumers overwhelmingly purchase ice cream on a whim! Global $60B Domestic $13B All Other 36% Impulse 64% All Other Categories 80.5% Super-Premium 19.5% Global Total $60B All-Natural $28B Projected Annual Revenues, All Segments, 2017 Non-dairy, low-sugar, gluten-free, etc. Purchased For Immediate Consumption High Fat Content, Low Air Content Free of arti๏ฌcial additives and highly processed ingredients $59B $60B $61B $62B $63B 2017 2018 2019 2020 2021 Projected CAGR +5% Driven Primarily By Growth In โ€œFree Formโ€ Ice Cream Segment
  • 3. Market Problem: Our Solution: โ€ข High degree of market segmentation: Ice cream sales are divided amongst impulse, super-premium, all- natural, and โ€œfree formโ€ (low-fat, low-sugar, gluten-free, vegan/dairy-free, and more). โ€ข Changing Tastes: The iconic ice cream truck has fallen out of fashion as consumersโ€™ tastes have trended towards more natural/healthy ingredients and processes โ€” parents now regard the ice cream truck as suspicious as it relates to their children'sโ€™ diets. โ€ข Develop a nationally recognized brand of modern ice cream trucks serving the best possible product โ€ข Combine the proven market segments for impulse purchases, super-premium, all-natural, and free-form ice cream and sorbet with our product menu โ€ข Create a synergy between our ice cream trucks and take-home product in the grocery aisle โ€ข O๏ฌ€er an experience that stokes the consumersโ€™ sense of nostalgia and novelty โ€ข Service our product via a highly e๏ฌƒcient distribution mechanism that keeps operating costs low โ€ข Create a fully integrated customer experience that tracks their favorite ๏ฌ‚avors, allergies/dietary restrictions, and past experiences; rewards customers for repeat visits and social media engagement
  • 4. โ€ข No Compromises: Our established product is the best possible quality and incredibly delicious! We are proud of our ingredients and processes, and are eager to share them with our customers. Our 19% butterfat/ 30% overrun formula positions our product as one of the richest, most dense products on the market. โ€ข Sensitive to All Dietary Restrictions: We cater to all appetites and dietary restrictions: vegan, gluten-free, etc. We are able to recommend new menu items to our customers based on their past purchases. โ€ข Rewards For Repeat Visits and Social Media Interactions: Tracking of past experiences and simple loyalty programs can work to drive repeat visits from customers. Imagine bringing your child to an ice cream truck in an unfamiliar city and he hears โ€œHappy Birthday Billy! Weโ€™ve got your favorite ๏ฌ‚avor today, and itโ€™s on the house!โ€ โ€ข A Modern Update On An Iconic Concept: Think โ€œMr. Softee for the 21st century.โ€ Customers can expect the same superlative experience across multiple markets. Value Propositions For The Consumer: (L-R): Our Sโ€™Mores Cone, made with our own graham cracker cone, toasted marshmallow rim, and chocolate ice cream; Our Rootbeer Float, made with 100% natural, whole ingredients like sarsaparilla root and fresh ginger; and our Choco-Huckleberry Ice Cream Sandwich, made with our Mountain Huckleberry ice cream and Chocolate Crinkle Cookies
  • 5. Underlying Magic: โ€ข Itโ€™s About the Kids!: While many modern food companies are targeting the adult โ€œfoodieโ€ or โ€œconscious consumer,โ€ our ultimate goal is to make kids and parents happy! Our branding strategy relies on enticing children to try our ice cream, and to prove to their parents that we always have their kidsโ€™ well-being in mind. โ€ข Vat Pasteurization: Our ice cream is pasteurized at a signi๏ฌcantly lower temp for a longer period than other products โ€” this gives our ice cream an incredible texture and ๏ฌ‚avor, while maintaining more healthy bacteria. โ€ข Familiar Flavor Combinations Are Proven Hits: Flavors like Key Lime Pie, Bourbon Pecan Pie, and Southern Banana Pudding provoke an immediate fondness and expectation in the customer's mind. โ€ข โ€œEnlightened Hospitalityโ€: Our customers should always feel like their individuality is recognized and embraced โ€” a small-town feel with a personal touch behind every cone!
  • 6. Business Model: โ€ขOur products are ๏ฌrst tested in small batches at our Montana facility, while food service products for our ice cream trucks are then produced to our specs by established co-packers throughout the US. Our ice cream co- packer has been in business for over twenty years, and is well-equipped to meet our volume demands as our business grows. โ€ขTo control packaging costs, packaged grocery product is produced at our own facility. โ€ขDistribution is handled in part by company-owned vehicles. Packaged grocery product is introduced to new markets in tandem with our ice cream trucks, and serviced via the same delivery vehicles. โ€ขDistribution-related overhead is o๏ฌ€-set by transport of other third-party food and beverage along our established delivery routes. $ EOIC Facility + + + Demo Product Commercial Product
  • 7. Fundraising Goals: โ€ข Upgrades to facility, including establishment of packaging processes and expansion of cold storage โ€ข Purchase ice cream trucks, launch in secondary markets โ€ข Working Capital The company is currently seeking $200k through the sale of its common stock to members of the foundersโ€™ friends, family and acquaintances in a โ€œfriends & family roundโ€.ย  In exchange for $200k, the investors in this round will collectively own approximately 20.4% of the Company. ย  The company anticipates that it will need to raise an additional $200k in the 4th quarter of 2017 to expand its packaging capabilities. While we expect to sell shares of common stock at the price it is currently o๏ฌ€ered, we cannot guarantee that the price will be the same at the time of the subsequent investment round. Use Of Proceeds: Equity Common Stock Of 2M Authorized Shares Pre-Raise % Ownership Post-Raise % Ownership Alex McKenzie 408,000 87.2% 69.4% Christina Calabrese 20,000 4.3% 3.4% Ti๏ฌ€any Lach 20,000 4.3% 3.4% Darryl David 20,000 4.3% 3.4% Friends & Family Investors, Total 120,309 0% 20.4% Total 588,309 100% 100%
  • 8. Financials: Gross Pro๏ฌt (Ice Cream Only); Excludes Third-Party Distribution Revenues/COGS 2016 Summer Only* 2017 Summer Only, Projected 2018 Year-Round, Projected 2019 Projected Revenues $16,000 $25,000 $225,000 $305,000 Cost of Goods and Services $6,300 $15,000 $155,000 $200,000 Gross Pro๏ฌt $9,700 $10,000 $70,000 $105,000 Gross Pro๏ฌt Margin 61% 40% 31% 34% Debt Financing Amount Interest Rate Term Convertible Promissory Note* $100,000 6% simple 10 years USDA/Prospera Business Network $25,000 8% 5.5 years Nissan/GMAC (Company Vehicle) $35,000 3.48% 6 years Founderโ€™s Loans $25,000 N/A N/A $85,000 *Convertible Promissory Note converts into equity of the Company upon certain ๏ฌnancing or time thresholds. *Launch Season Did Not Include Founderโ€™s Salary
  • 9. Milestones To Date: May 2015 Company Established Summer/Fall 2015 Market Research & Product Development Winter /Spring 2016 Facility Lease Signed; Co-Packing Relationships Established; $25K USDA Loan Obtained Summer 2016 Initial Sales Season $16K gross, 61% Pro๏ฌt Margin September 2015 $50K Investment From Hampshire College Fall/Winter 2016 Distribution Arm Established; $10K Grant Awarded For Company Use Spring 2017 Federal liquor license obtained; Company Vehicle Purchased; Second $50K Investment Procured Summer 2017 Second Sales Season Launched; Increased Distribution Range and Sales; Board of Directors Established Fall 2017 Friends & Family Investment Round; Submit Regulatory Plan For On-Site Production Spring 2018 Begin Distribution of Packaged Product; Prepare for Launch In Southern Market Summer 2018 Launch in Southern Market; Expand Montana Retail Operation Winter 2017 Second Investment Round; Acquire Production & Packaging Assets; Acquire Ice Cream Trucks Growth Timeline:
  • 10. Brand High-End Product? All-Natural & Super- premium? Brick-and-Mortar Locations Ice Cream Trucks Available at Grocery Store? Available Outside Montana? 3 1 1 1 5 2 3 (projected) Competitive Analysis: Montana Ice Cream Brands (Idaho only)
  • 11. Brand Product Formula Brick-and-Mortar Locations Ice Cream Trucks Available at Grocery Store? โ€œEconomy gradeโ€: Less than 10% butterfat, with ~120% overrun (air mixed in) and arti๏ฌcial ingredients Products available in hundreds of trucks nationwide โ€œEconomy gradeโ€: Less than 10% butterfat, with ~120% overrun (air mixed in) and arti๏ฌcial ingredients <10 ~600 All-natural, super- premium: No arti๏ฌcial or highly-re๏ฌned ingredients; 19% butterfat and 30% overrun 3 (projected) Competitive Analysis: Notable Ice Cream Trucks
  • 12. Management Team: Advisor: Darryl David has worked in the dairy industry for nearly forty years, having founded his ๏ฌrst ice cream brand in 1978. He has worked variously as VP Operations and Franchise Sales at Annabelle's Natural Ice Cream, Inc.; Director of Purchasing at West Lynn Creamery, with $500M in sales; Director of Operations and Cost Control at Reilly Dairy & Food Co, with over $80M in sales; and currently advises frozen dairy companies with his organization Darrylโ€™s Ice Cream Solutions, LLC. Ti๏ฌ€any Lach is the founder and owner of three Solaย Cafeย & Market locations and Red Tractor Pizza in southwest Montana. She has owned multiple cafes and bakeries within the west/southwestern US throughout her 28 years as an entrepreneur. Founder: Alex McKenzie is the Founder and CEO of The Emperor of Food, Inc. He has nearly twenty years of experience across multiple sectors of the food industry, including work in 14 di๏ฌ€erent restaurants; food-service operations; multiple farms, including dairy and other livestock; wholesale production operations; and both freshwater and saltwater aquaculture systems. He holds a BA in Food Policy, and has maintained a deep fanaticism for ice cream since he was a youngster. This is his ๏ฌrst experience as a business owner. Board of Directors: Christina Calabrese is the co-founder of the Emperor of Food (and Alexโ€™s partner), and serves as the company Secretary. With professional experience in real estate and design, she will be an asset as we commence operations in markets beyond Montana, assisting with matters related to zoning, applicable permitting, and vehicle prototyping. Our Teenage Scoopers and Wa๏ฌ„e-Cone Pros: For the past two summer seasons, weโ€™ve taken great pride in providing Big Sky youth with their ๏ฌrst employment experience!
  • 13. Contact: Alex McKenzie alex.c.mckenzie@gmail.com (406) 595-3392 The Emperor of Ice Cream PO Box 161256 Big Sky, MT 59716 www.eoicbigsky.com https://www.instagram.com/eoicbigsky/ https://www.facebook.com/EOICBigSky/ https://twitter.com/eoicbigsky