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February 18th, 2020
Zoglo’s Foodservice Strategy Plan Overview
Agenda
• Executive Summary
• Market Conditions North America Foodservice
• Snapshot: Plant Based Proteins
• SWOT: Competitors
• Foodservice Entry Plan
• Zoglos Foodservice Sales Plan
• Action Steps
• Next Steps
Copyright 2020. The StratonHunter Group, Inc. All Rights Reserved. This presentation is proprietary and confidential and may not be disclosed in any manner, in
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Foodservice Strategy Plan: Executive Summary
The North American Foodservice market, defined as Commercial Foodservice (Restaurants, Convenience Stores, Prepared Meals at
Grocery) and Non-Commercial (Workplace, Education, Transportation, Contract Catering) represents $800 Billion in annual sales.
In 2019, Plant Based Meats menu items represents approximately $600 Million in sales or 0.75% of the North American Foodservice
market.
Between 2016 and 2019, Plant Based Meats have increased +170%. Forecasted sales for 2019-2022are are expected to be on average
+14% CAGR.
Within Foodservice, Quickservice Restaurants account for 65% of Plant Based Meat sales in US and 61% in Canada. Full Service
Restaurants represent approximately 25%. The remaining categories (Convenience Stores, Prepared Meals at Grocery ) represent 10%.
As consumers food preferences continue to evolve towards healthy eating, traditional proteins such as red meats are declining.
Furthermore a key consumer trend at Restaurants is Menu Innovation. Plant Based Proteins are viewed as a simple and effective strategy
to bring menu innovation to many existing restaurant brands.
Additional, new style of restaurant concepts are emerging that are redefining the industry and are solely based on Plant Based menus.
Concepts such as Copper Branch, Fresh and Planta Burger are amongst the fastest growing new brands in the market.
Zoglo’s has a unique opportunity to quickly develop a Foodservice division and capture share of the increasing growth of Plant Based
offerings in the Foodservice market in North America resulting in over $2 million in sales by 2023.
Copyright 2020. The StratonHunter Group, Inc. All Rights Reserved. This presentation is proprietary and confidential and may not be disclosed in any manner, in
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Plant Based Proteins Foodservice Market North America
$600 Million
by 2026
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North American Foodservice Meal Day Distribution
PCYA PCYA
63% 0%
Morning
16 5%
Meal
37% 0%
Lunch 24 1% 6 -2%
10 -1%
Supper
13 -2% 13 -1%
PM Snack 9 2% 8 5%
Weekday Weekend
PCYA = % Change vs. Year Ago Source: The NPD Group / CREST OnSite® / 2019
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StratonHunter
The NPD Group, Inc. | Proprietary and Confidential Source: CREST YE June ‘14
whole or in part, to any third party without the express written consent of StratonHunter.
Younger consumers drive Foodservice growth
Foodservice growth over the past 4 years has been driven by younger
consumers...but these generations are moving into new life stages.
Commercial Foodservice Traffic by Generational Cohort
2015 2016 2017 2018 2019
6%
4%
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StratonHunter *CAGR
whole or in part, to any third party without the= express
Compoundwritten
Annual Growth Rate of
consent (Average Yearly Growth 2015-2019)
StratonHunter.
INFLUENTIAL MARKET TRENDS
Key Trends Influencing the Restaurant Industry
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Key Trends Influencing the Restaurant Industry
Healthy Living.
Healthy lifestyle habits are becoming the normal way
of life as concerns over obesity, food sensitivity and
people effected by disease continue to rise.
❑ Perception of healthy living is shifting beyond
just physical health to represent a much more
holistic view, where food, exercise, mental well
being and broader lifestyle issues are seen as a
whole entity
Ethical Living.
For consumers & businesses, increasing attention is
paid to ethics and moral values. This translates to
❑ Purchasing decision framed by the concerns
about the environment, sustainability, animal
welfare, production and labour practices, as
well as desires to positively impact communities
and people.
Consumers becoming more aware of Animal welfare is becoming more Immigration from regions where
environmental impact of meat top of mind among consumers in meat consumption is less popular
consumption general
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Plant-Based Menu Items
Vegetarian/vegan menu descriptions
continue to grow at an average of 13% year
over year.
Commercial Foodservice Menu Description for
Traffic (Millions) Vegetarian/Vegan
200
150
CAGR: +13%
100
50
2015 2016 2017 2018 2019
Q. Which of the following words, if any, were used to describe the menu items you ordered for your meal yesterday?
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Food Quality is taking center stage
Over the past 4 years, ‘Quality of Food’ has been one of the fastest growing
initial visit motivators within Foodservice.
+8%
4-year CAGR
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Food Quality is taking center stage
Operators are employing different strategies to boost perceptions of food
quality...
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PLANT BASED PROTEINS
MARKET
Global Market Outlook: Plant Based
Key Highlights
Key Highlights
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StratonHunter
Source: Statista, Reports & Data, 2019
whole or in part, to any third party without the express written consent of StratonHunter.
Global Growth: Plant-based Categories
The broadening interest in plant-based diets has also resulted in meat
alternatives moving beyond their original vegetarian and vegan
domain to encompass a much broader base of flexitarians as new
product development has been focused on improving quality to
replicate real meat
❑ Meat Substitutes account for 8.3% of all meat, fish and egg
launches tracked globally in 2018.
❑ There has been considerable activity and innovation from new Figure # 7: Global growth in
the Key plant-based
plant-based meat brands targeting opportunities for good- product categories (Source:
ift.org)
tasting, nutritious, and sustainable options among vegetarians,
vegans, meat reducers, and flexitarians.
❑ The meat substitutes market has obviously seen considerable
interest in vegan positioning, with 46% of global launches
carrying this type of claim, rising to over 73% in the United
States.
❑ The Products use a variety of non-meat ingredients, including
soy, vegetables, cereals, and pulses.
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US & Canada
Plant Based Proteins Market Size
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Plant Based Proteins Market Size-United States
In April 2019, the market value Of the US.
Plant-based Retail market was worth $4.5
Billion, Growing at 5X Total Food Sales
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Plant Based Proteins Market Size-Canada
Key Highlights
Copyright 2020. The StratonHunter Group, Inc. All Rights Reserved. This presentation is proprietary and confidential and may not be disclosed in any manner, in
StratonHunter
Source: plantbasedfoods.org, 2019
whole or in part, to any third party without the express written consent of StratonHunter.
Plant Based Foodservice Market Statistics-North America
Key Highlights
Protein-rich veggie burgers, nuggets and meatless sausage are
not only taking root in a growing number of homes and
restaurants, they are also emerging in the Foodservice
industry.
❑ Various Fast-food chains have announced deals with
alternative-protein producers to offer vegetarian options
of popular menu items that include pea-protein based
option.
❑ Quick Service restaurants are so far the biggest market for
the pre-made veggie burgers in the United States and
Canada.
❑ Quick service and fast food restaurants accounted for 65%
of the plant-based meat products retail sales in US during
2019, and 61% in Canada.
Copyright 2020. The StratonHunter Group, Inc. All Rights Reserved. This presentation is proprietary and confidential and may not be disclosed in any manner, in
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Plant Based Foodservice Market Statistics-North America
Source: GlobalData Intelligence, 2019 Copyright 2020. The StratonHunter Group, Inc. All Rights Reserved. This presentation is proprietary and confidential and may not be disclosed in any manner, in
StratonHunter whole or in part, to any third party without the express written consent of StratonHunter.
Plant Based Foodservice Market Statistics Canada
Source: GlobalData Intelligence, 2019 Copyright 2020. The StratonHunter Group, Inc. All Rights Reserved. This presentation is proprietary and confidential and may not be disclosed in any manner, in
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COMPETITIVE OVERVIEW
Plant Based Protein Companies: Funding Landscape
customers are
Copyright 2020. The StratonHunter Group, Inc. All Rights Reserved. This presentation is proprietary and confidential and may not be disclosed in any manner, in
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Impossible Foods
Key Highlights
❑ Impossible Foods is a privately held company, the credible revenue estimates are not
available.
❑ It has raised more than $800 Million in VC funding.
❑ Impossible Foods has ambitious goals: It intends to double its food supply each year over
the next 15 years.
❑ The meat has gained popularity through partnerships with Burger King, Applebee’s,
Cheesecake Factory Inc. CAKE, , Red Robin Gourmet Burgers Inc. RRGB, White Castle, Little
Caesar Enterprises Inc., Wegmans Food Markets and others.
❑ Burger King plays an important part with “Impossible’s sausage and Whopper’ plans as
well.
❑ It could not sell its meatless products in supermarkets until it scored approval from the
Food and Drug Administration for a key ingredient, heme.
❑ Impossible Foods is no longer trying to win a coveted deal to supply McDonald’s Corp
(MCD.N) with plant-based burgers, telling Reuters it cannot produce enough of its
imitation meat to partner with the world’s No. 1 fast-food chain. (Reuters, 2020), So it will
focus on scaling up the production before targeting larger customers.
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SWOT Review
Strengths Weaknesses
Opportunities Threats
-Global expansion as the plant-based consumption trend grows -American Medical Association while noting the risks of diets high
globally. in red meat, said people should be “cautious” about the health
effects of plant-based alternatives that use purified plant proteins
-Experiencing national and regional growth because of plant-based rather than whole foods.
trend.
- A recent study of Beef Vs Plant based Protein patties found that
-Huge opportunity for investors to capitalize on a global shift in the the Plant-based alternatives contains higher contents of Sodium
way meat is produced.
- Some critics also compares the plant-based food with the “ Dog
- Global demand for the products will be soared exponentially once food” based on the “Comparison of the “ingredients”, and such
the global fast food chains adopts the use of plant-based products. comparisons could change the people perception of the entire
business model.
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StratonHunter -
whole or in part, to any third party without the express written consent of StratonHunter.
Nutritional Facts Beef Vs Plant-based Burger
Plant Based Protein Fried Meatless The Incredible Golden meatless Lorem ipsum dolor
Breakfast Sandwich Chicken Sandwich Burger! Chicken Nuggets, a sit amet,
using Zoglo’s using Zoglo’s Zoglo’s signature Zoglo’s signature consectetuer
meatless Chicken meatless Chicken tender meatless product adipiscing elit.
Cutlets Cutlets burger
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Zoglo’s Foodservice Division
Zoglos Foodservice Division provides the Canadian and US Restaurant and Non
Commercial markets with quality meatless alternatives that combine taste,
technology and the highest levels of research and development.
Copyright 2020. The StratonHunter Group, Inc. All Rights Reserved. This presentation is proprietary and confidential and may not be disclosed in any manner, in
StratonHunter whole or in part, to any third party without the express written consent of StratonHunter. CREST® YE April 2018 35
Zoglo’s Foodservice Division Priorities
CUSTOMER HEALTH/
LEADERS QUALITY INNOVATION KNOWLEDGE WELLNESS
Zoglo’s has been serving Zoglo’s products combine the Innovation is at the heart We understand Zoglo’s products are made with
Retail plant based natural goodness of plant of Zoglo’s! With a product customer’s demand for concentrated non-GMO plant
products for over 40 based proteins with the juicy, selection of over 15 plant quality, nutrition and based proteins that are Rich in
years. As a leader in plant rich flavour of traditional meat based protein offerings taste. Our Foodservice vitamins C, A, iron, calcium,
based proteins, Zolgo’s dishes. We strive to meet the and numerous SIAL experts and dedicated potassium and folic acid.
has deep industry highest standards of quality. nominations, Zoglo’s plant based protein Chef High in fiber, omega-3 fats and
knowledge and HACCP, ISO 9000:2002, GMP continues to define the work with our Restaurant antioxidants, and the only
experience. plant based protein partners to help legume which is a complete
category maximize menu protein – contains all essential
innovation amino acids.
,
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The Foodservice Team
Marketing
Industry Chef Associate
INDUSTRY EXPERTS
Increase awareness and
partnership with customers by
providing value add, menu
innovation and increasing
product portfolio
S
T
A
R
T TEAM STRUCTURE PRODUCT PRICE BOOK SALES PLAN & FORECAST
Lead, Foodservice Product Sales book and pricing Target Accounts and Distribution
Sales Channel Directors strategy partnerships
Marketing, Chef
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Zoglo’s TRADE MARKETING
TRADE SHOWS
CHEF INNOVATION
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Zoglo’s Foodservice Account Target List
Brand Units Brand Units Brand Units
TIM HORTONS 3913 EXTREME PITA 104 LITTLE CAESAR'S 308
MCDONALD'S 1458 PITA PIT 225 PANAGO PIZZA 198
SUBWAY SANDWICH AND SALAD 3215 VALENTINE 100 PAPA JOHNS 125
STARBUCKS 1479 COUNTRY STYLE 315 PIZZA HUT 406
A&W 923 BEN & FLORENTINE 41 PIZZA PIZZA 455
DAIRY QUEEN 652 ROBIN'S DONUTS 150 BARBURRITO 52
WENDY'S 361 MIKE'S RESTAURANT 69 MUCHO BURRITO 108
HARVEY'S RESTAURANT 282 MONTANA'S 105 QUESADA 95
BOOSTER JUICE 325 BROWN'S SOCIALHOUSE 56 TACO BELL 177
SECOND CUP/THE 290 CACTUS CLUB CAFE 29 TACO TIME 130
BOSTON PIZZA 386 CAGE AUX SPORTS/LA 45 FRESHII 123
MARY BROWN'S FRIED CHICKEN 138 CANADIAN BREWHOUSE 27 CAFE DEPOT 54
COFFEE CULTURE CAFE &
POPEYES CHICKEN & BISCUITS CHUCK'S ROADHOUSE
125 18 EATERY 45
WINGSTREET 218 EARLS 56 DAVID'S TEA 177
FIONN MACCOOL'S IRISH
241 PIZZA JUGO JUICE
74 PUB 37 144
DOMINO'S 457 FIRKIN 24 MR.SUB 267
HUSKY HOUSE 84 ORIGINAL JOE'S 66 JACK ASTOR BAR & GRILL 40
RICKY'S ALL DAY GRILL 58 ST LOUIS BAR & GRILL 53 KELSEY'S RESTAURANT 68
SWISS CHALET CHICKEN & RIBS WILD WING RESTAURANT MILESTONES
218 83 48
TRIPLE O'S 48 DENNY'S 73 CHEZ CORA DEJEUNERS 128
WHITE SPOT RESTAURANT EGGSMART HUMPTY'S FAMILY RESTAURANT
65 22 46
WIMPY'S DINER 49
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Zoglo’s Foodservice Account Target List
· Suncor Sysco
· 7 Eleven GFS
· Couch Tard/Circle K Flannigans
· Sobey’s Gas Bars Summit
· HMS Host Compass
· Esso Aramark
· McDougall Energy Sodexo
· Parkland Fuel
· Rabba Fine Foods
· The Granite Club
· The Boulevard Club
· Weston Golf & CC
· Hamilton Golf & CC
· Canyon Meadows (AB)
· The Calgary Winter Club
· Mississauga Golf & CC
· Port Credit Yacht Club
· Silver Springs Golf Club
· Royal Montreal Golf Club
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Zoglo’s Foodservice 3 Yr Sales Projections
2021
Sales of 356,000 Incredible Burgers
Launch in 2022
CHUCK'S ROADHOUSE
COUCH TARD/CIRCLE K
SOBEY’S GAS BARS
SUNCOR
7 ELEVEN
Target Accounts:
Continued Expansion across Canada and US
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Zoglo’s Foodservice Sales Process: Talking points
• Presentations to Key Accounts within all recommended channels to gain trials and listings
• Key Accounts to determine source of supply ie direct or through their preferred distribution
• Presentations and Listings with preferred distributors once commitment from our operator
clients
• Once distribution has been established presentations to be made to all operations and divisions
of the Key Accounts and facilitate purchasing through approved method of distribution.
• Approach and Present to the independent operations that purchase through our established
food services distributors ie Sysco, GFS, Lumsden’s, Core-Mark, MVR Wholesale, etc.
• Invest in direct consumer marketing and support to build the Zoglos Brand awareness to drive
sales through our established operator partners and clients.
• Margie Cook to offer plant based menu customization and support to our key accounts when
required.
• Development of ready to eat line of products for the key accounts that provide on the go meals
and HMR and through Ghost Kitchens
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Zoglo’s Foodservice Division Launch Timeline
Jun-Aug Sept-Onward
Apr-May
Growth
Setup Launch
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NEXT STEPS?
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DOLLARS
S
H
G
TRAFFIC
The
StratonHunter SEGMENTS
Group
STRATEGY + INSIGHTS
FOR A CHANGING FOOD GROWTH
INDUSTRY
FUTURE
February 18th, 2020