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EARNINGS PRESENTATIONTHIRD QUARTER 2026 RESULTSTSX: GURUSEPTEMBER 10, 2026
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DISCLAIMERThispresentationcontains“forward-lookinginformation”withinthemeaningofapplicableCanadiansecuritieslegislation.Suchforward-lookinginformationincludes,butisnotlimitedto,informationwithrespecttotheCompany’sobjectivesandthestrategiestoachievetheseobjectives,aswellasinformationwithrespecttomanagement’sbeliefs,plans,expectations,anticipations,estimatesandintentions.Thisforward-lookinginformationisidentifiedbytheuseoftermsandphrasessuchas“may”,“would”,“should”,“could”,“expect”,“intend”,“estimate”,“anticipate”,“plan”,“believe”or“continue”,thenegativeofthesetermsandsimilarterminology,includingreferencestoassumptions,althoughnotallforward-lookinginformationcontainsthesetermsandphrases.Forward-lookinginformationisprovidedforthepurposesofassistingthereaderinunderstandingtheCompanyanditsbusiness,operations,prospectsandrisksatapointintimeinthecontextofhistoricalandpossiblefuturedevelopmentsandthereforethereaderiscautionedthatsuchstatementsmaynotbeappropriateforotherpurposes.Forward-lookinginformationisbaseduponanumberofassumptionsandissubjecttoanumberofrisksanduncertainties,manyofwhicharebeyondmanagement’scontrol,whichcouldcauseactualresultstodiffermateriallyfromthosethataredisclosedinorimpliedbysuchforward-lookinginformation.Theserisksanduncertaintiesinclude,butarenotlimitedto,thefollowingriskfactors,whicharediscussedingreaterdetailunderthe“RISKFACTORS”sectionoftheannualinformationformfortheyearendedOctober31,2025:managementofgrowth;relianceonkeypersonnel;relianceonkeycustomers;changesinconsumerpreferences;significantchangesingovernmentregulation;criticismofenergydrinkproductsand/ortheenergydrinkmarket;economicdownturnandcontinueduncertaintyinthefinancialmarketsandotheradversechangesingeneraleconomicorpoliticalconditions,aswellasgeopoliticaldevelopments,globalinflationarypressureorothermajormacroeconomicphenomena;globalorregionalcatastrophicevents;fluctuationsinforeigncurrencyexchangerates;inflation;revenuesderivedentirelyfromenergydrinks;increasedcompetition;relationshipswithco-packersanddistributorsand/ortheirabilitytomanufactureand/ordistributeGURU’sproducts;seasonality;relationshipswithexistingcustomers;changingretaillandscape;increasesincostsand/orshortagesofrawmaterialsand/oringredientsand/orfueland/orcostsofco-packing;failuretoaccuratelyestimatedemandforitsproducts;historyofnegativecashflowandnoassuranceofcontinuedprofitabilityorpositiveEBITDA;repurchaseofcommonshares;intellectualpropertyrights;maintenanceofbrandimageorproductquality;retentionofthefull-timeservicesofseniormanagement;climatechange;litigation;informationtechnologysystems;fluctuationofquarterlyoperatingresults;changesingovernmentpoliciesandinternationaltraderegulations;terminationofthePepsiCodistributionagreementandthereturntoadirectdistributionmodel;accountingtreatmentofthePepsiCowarrants;conflictsofinterest;consolidationofretailers,wholesalersanddistributorsandkeyplayers’dominantposition;compliancewithdataprivacyandpersonaldataprotectionlaws;managementofnewproductlaunches;useofthird-partymarketing,includingcelebritiesandinfluencers;reviewofregulationsonadvertisingclaims,aswellasthoseotherrisksfactorsidentifiedinotherpublicmaterials,includingthosefiledwithCanadiansecuritiesregulatoryauthoritiesfromtimetotimeandwhichareavailableonSEDAR+atwww.sedarplus.ca.Additionalrisksanduncertaintiesnotcurrentlyknowntomanagementorthatmanagementcurrentlydeemstobeimmaterialcouldalsocauseactualresultstodiffermateriallyfromthosethataredisclosedinorimpliedbysuchforward-lookinginformation.Althoughtheforward-lookinginformationcontainedhereinisbaseduponwhatmanagementbelievesarereasonableassumptionsasatthedatetheyweremade,investorsarecautionedagainstplacingunduerelianceonthesestatementssinceactualresultsmayvaryfromtheforward-lookinginformation.Certainassumptionsweremadeinpreparingtheforward-lookinginformationconcerningavailabilityofcapitalresources,businessperformance,marketconditions,andcustomerdemand.Consequently,alloftheforward-lookinginformationcontainedhereinisqualifiedbytheforegoingcautionarystatements,andtherecanbenoguaranteethattheresultsordevelopmentsthatmanagementanticipateswillberealizedor,evenifsubstantiallyrealized,thattheywillhavetheexpectedconsequencesoreffectsonthebusiness,financialcondition,orresultsofoperation.Unlessotherwisenotedorthecontextotherwiseindicates,theforward-lookinginformationcontainedhereinisprovidedasofthedatehereof,andmanagementdoesnotundertaketoupdateoramendsuchforward-lookinginformationwhetherasaresultofnewinformation,futureeventsorotherwise,exceptasmayberequiredbyapplicablelaw. 2
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ON A MISSION TO CLEAN UP THE ENERGY DRINK INDUSTRY WITH GOOD ENERGYONE CAN AT A TIME Natural caffeine Natural sweeteners Active ingredientsSteviaMatcha Monk FruitGreen TeaGuaranaYerba MateGuayusa Coconut WaterL-Theanine 3 3 Inulin
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CARL GOYETTEPRESIDENT & CEO
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U.S. NET REVENUE+59.8% Nationwide natural-channel launch NET REVENUE$11.5M(+10.3% YoY +27% comparable) A RECORD, PROFITABLE QUARTER. ADJUSTED EBITDA+$0.9MProfitable quarter · Net income +$0.5M Trailing 12 months: ~$39M net revenue, up ~23%, and a third consecutive positive TTM Adjusted EBITDA since IPO. 5
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•Net revenue +19% on a comparable basis (reported flat vs. strong prior-year quarter).•Sorbet Lineup: Zero Sorbet line outperforming. Dragon Fruit Cherry a top SKU; first large-format club Sorbet sold through in weeks. Zero Tropical launched in July, four-pack in August.•Online Execution: #1 sports energy drink on Amazon Canada during Prime Day.•Footprint Expansion: Added shelf space across major grocery and convenience banners. The right doors, not just more doors.•Underlying Demand: Strong consumption and distribution gains from deliberate trade and promotional investment. UNDERLYING DEMAND ACCELERATING 6 CANADA +19% comparable
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•Net revenue +59.8% : Led by expanded natural-channel distribution. This is the growth we have been building toward.•Consumer signal positive: Velocities keep climbing across natural accounts, with strong repeat purchase at Whole Foods and Erewhon.•Q3 Expansion: Sprouts nationwide across 490+ stores since June 22 in inline and Forager sets, now in cold box. Full pipeline of confirmed listings with leading natural and club partners into next year.•Repeat purchase: Shelf space is being earned by real consumer demand, not one-time load-in. THE GROWTH ENGINE TURNS ON 7 UNITED STATES U.S. NET REVENUE: +59.8%
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ZERO SUGAR LINECLEAN LABEL LEADERSHIP Spring 2024: First Zero Sugar launchQ2 2026: 6th SKU, Orange Raspberry Sorbet, ahead of targets.Q3 2026: Zero Tropical launched in July 2026; four-pack added in August.Innovation will keep driving growth in Canada and building momentum in the U.S. 8 Organic. Zero sugar.No sucralose.No aspartame.Nothing else in thecategory does all fourat scale.
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INGY SARRAFCFO
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$25.6M cash + $10M undrawnfacility, no long-term debt FINANCIAL PERFORMANCENet Revenue•Record $11.5M : +27% comparable. Canada +19%; U.S. +59.8%.Gross Margin•61.9% —the ~400 bps comparable dip was deliberate trade investment.SG&A•58.5% of revenue down from 60.6% —operating leverage.Profitable•+$0.9M Adjusted EBITDA and +$0.5M net income. •Third straight positive TTM since IPO. $11.5MNET REVENUE vs. $10.4M in Q3 2025 +$0.5MTTM ADJ. EBITDA 61.9%GROSS MARGIN vs. 71.3% (65.9% ex. one-time) $35.6MLIQUIDITY WITH NO DEBT GROWTH, PROFITABILITY & OPERATING LEVERAGE Up 10.3% (+27% comp.) $25.6M cash + $10M undrawn facility, no debt Third Consecutive Positive TTM since IPO 10
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CARL GOYETTEPRESIDENT & CEO
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THREE STRUCTURAL ADVANTAGES ENTERING Q4 FY2026:1.Accelerating underlying growth: +27% comparable, U.S. +60%, and a profitable quarter.2.Operating model demonstrating leverage: third consecutive TTM positive Adjusted EBITDA since IPO.3.Most differentiated clean-label Zero Sugar portfolio in the category. REST OF FISCAL 2026 PRIORITIES:•Scale up Zero Sugar; expand U.S. distribution in the right channels.•Hold pricing and trade discipline so margin trends back toward its structural level. WHAT COMES NEXT 1212
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THANK YOU