Food and Beverage Industry Insight March 2021 0 Food and Beverage Industry Insight | March 2021 U.S
Update pic Food and Beverage Industry Insight March 2021 0 Food and Beverage Industry Insight | March 2021 U.S. F&B - M&A Market Overview U.S. F&B industry transaction activity remains strong, primarily driven by strategic buyers seeking growth U.S. F&B Transactions by Buyer Type U.S. F&B Transaction Multiples 17.7x 47 41 58 59 53 36 13.1x 45 12.5x 12.1x 48 11.0x 11.4x 9.6x 9.2x 9.8x 368 406 399 393 352 357 316 285 12 2.3x 1.5x 1.6x 97 1.5x 1.4x 0.7x 0.9x 1.1x 0.7x 2013 2014 2015 2016 2017 2018 2019 2020 2021 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD YTD Strategic Financial EV / EBITDA EV / Revenue Source: Peakstone & Capital IQ www.peakstone.com 1 Food and Beverage Industry Insight | March 2021 Peakstone Food and Beverage Index - Trading Statistics The S&P 500 has outperformed the broad Food & Beverage sector Relative Stock Performance 150%100% S&P 500: 90% 80% Food Ingredients: 53% 100%60% Beverage Products: 25% Food Production: -12% 40% Food Retail: -14% 20%50% 0% Peakstone Food Ingredients Index GIVN, KRZ, IFF, SY1, BARN, SXT, 4914, 4958 0% Peakstone Beverage Products Index -20% ABI, KO, PEP, STZ, MNST, TAP, BF.B, LWAY, FIZZ, FARM -40% Peakstone Food Retail Index KR, SFM, VLGE.A, SPTN, WMK, NGVC -50% Peakstone Food Production Index -60% NESN, ULVR, KHC, MDLZ, BN, GIS, ABF, TSN, BIMBO A, HSY, JBSS3, HRL, K, CPB, WN, CAG, SJM, SAP, MKC, PPC, POST, HAIN, FLO, ARYN, FDP, JJSF, LANC, LOTB, THS Source: Capital IQ, data as of March 2021 www.peakstone.com 2 Food and Beverage Industry Insight | March 2021 Peakstone Food and Beverage
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