2020 Impact Report - Page 2

FY20 RESULTS

A MESSAGE FROM BRANDON

CULTURE Our culture is unique – with love at the center of everything we do because We Serve to Make Lives Better ® . Our culture of service was initiated by our founders , Art and Jerry Kehe , and lives in their legacy as we come up on seven decades of history . Our employees have a passion for serving their retail partners , suppliers and community at large . KeHE has strong values that ensure that each employee is treated with Dignity and Respect . As a faith-friendly organization , we encourage our employees to bring their whole person to work which includes their faith , belief system and their diverse backgrounds and cultural experiences . We believe that our employees ’ unique voices make our organization stronger .
As a Certified B Corporation , we are committed to environmental , social and governance standards and responsible business practices . We believe that our business conduct should be a force for good in our society , for our planet , and for those less fortunate around the world . This approach allows our people to follow their passions in serving locally , nationally , and globally . We are one team , made stronger by our unique differences and bonded together to B a force for good in our world .
PERFORMANCE We operate in a very competitive marketplace with extremely thin margins . Our business is made better with scale and we ’ ve experienced incredible growth over the past decade . Today , the enterprise is operating efficiently and capable of serving our customers with a vast array of products from all of our warehouses . We have a strong balance sheet and available capital for expansion . Our three business units - U . S . Distribution , Tree of Life Canada , and KeHE Solutions each play a vital and unique role in our success . Our strategic plan is moving toward being The Next Generation Distributor in our market space . As we look to the future , we embrace digital evolution , product innovation , and operational excellence .
For our employee owners , the growth and success of our Retail and Supplier partners has the broader implication of serving more people and having a positive impact on the world around us .
FUTURE VISION KeHE ’ s expertise is cultivating and curating emerging brands and bringing them to market within a national distribution network in the U . S . and Canada . Additionally , the unique ability to grow our partners ’ businesses , positions KeHE to thrive in the emerging marketplace , including the virtual marketplace . Our vision to be the NEXT GENERATION Distributor will be distinguished by innovative products and insights and by providing sales and supply chain solutions to our retail and supplier partners . To accomplish these goals , we need to be excellent in the digital space , and have our infrastructure ready for growth . This enhances our value to our employees , customers , suppliers , and investors . Our culture will remain a consistent foundation for KeHE to achieve this vision . As always , thanks for all you do .

FY20 RESULTS

EBITDA ( Earnings Expected ) Balance Sheet / Net Income Revolver ( Available Cash ) Bank Covenants ( Risk Factors ) ESOP Value Management Bonus Profit Sharing KeHE CARES ®
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