Local Bounti Corporation (NYSE:LOCL) Q2 2023 Earnings Conference Call August 9, 2023 8:00 AM ET Company Participants Jeff Sonnek - SVP, ICR Anna Fabrega - CEO Kathleen Valiasek - CFO Conference Call Participants Kristen Owen - Oppenheimer Ben Klieve - Lake Street Capital Markets Brian Wright - ROTH MKM Operator Good morning, and welcome to the Local Bounti's Second Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. After today's presentation there will be an opportunity t ...

财务数据和关键指标变化 - 第一季度2023年销售额为6.7百万美元,相比去年同期的0.3百万美元增长显著 [20] - 第一季度2023年调整后毛利率约为33%,受到持续大雨导致加州设施生产和交付中断的影响 [21] - 第一季度2023年净亏损为2350万美元,包括600万美元的股份支付、430万美元的利息费用、350万美元的折旧和摊销、170万美元的并购和整合成本以及70万美元的天气相关的电费增加 [22] - 公司于2023年3月31日拥有750万美元的现金和现金等价物,但随后完成了约5800万美元的额外融资 [23][24] 各条业务线数据和关键指标变化 - 公司在加州、蒙大拿和乔治亚1A期设施的生产为第一季度销售做出贡献 [20] - 乔治亚1B期3英亩温室的完工将推动第二季度收入的增长,1C期的完工将在第四季度进一步提升该设施的收入 [20][27] 各个市场数据和关键指标变化 - 公司在西部市场的客户需求有所下降,因为恶劣天气导致客户外出购物次数减少 [21] - 公司已开始向2个新的配送中心发货,并计划在第二季度末前再增加2个配送中心 [18] 公司战略和发展方向及行业竞争 - 公司正在完成乔治亚、德克萨斯和华盛顿州的新设施建设,以扩大产能和分销网络 [15][16][17] - 公司的"堆叠和流动"技术是提高产量和资本效率的关键,可使公司在温室种植中比最佳种植者高出约50%,比平均种植者高出75%-100% [12][13] - 公司正在考虑通过战略性收购来实现更快的扩张 [37][38] 管理层对经营环境和未来前景的评论 - 公司2023年全年收入指引为3400万美元至4000万美元,较2022年底增长至少74% [26] - 公司有望在2024年底或2025年初实现正的调整后EBITDA [23][27] - 公司将继续优化"堆叠和流动"技术,以进一步提高产量和资本效率 [12][13] 问答环节重要的提问和回答 问题1 **Colin Rusch 提问** 公司如何与客户就新产品进行沟通并优化种植过程 [31] **Brian Cook 回答** 公司有很多客户需求,正在与客户进行大量沟通,为即将投产的新产品做好准备 [33] 问题2 **Colin Rusch 提问** 公司如何权衡使用USDA贷款和售后租回的融资方式 [34] **Kathleen Valiasek 回答** 公司正在考虑这两种较低资本成本的融资方式,以支持现有和未来的设施建设 [35][36] 问题3 **Ben Klieve 提问** 公司实现EBITDA盈亏平衡的预期是否包括收购带来的产能扩张 [40][41][42] **Kathleen Valiasek 回答** 公司的EBITDA盈亏平衡预期仅基于已知的现有设施,不包括潜在的收购 [42]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40125 LOCAL BOUNTI CORPORATION (Exact name of registrant as specified in its charter) Delaware 98-1584830 (State or Other Jurisd ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-40125 LOCAL BOUNTI CORPORATION (Exact name of registrant as specified in its charter) Delaware 98-1584830 (State or other jurisdictio ...

Local Bounti Corporation (NYSE:LOCL) Full Year 2022 Earnings Conference Call March 29, 2023 8:00 AM ET Company Participants Jeff Sonnek – Investor Relations Craig Hurlbert – Co-Chief Executive Officer Travis Joyner – Co-Chief Executive Officer Brian Cook – President Kathleen Valiasek – Chief Financial Officer Conference Call Participants Ben Klieve – Lake Street Capital Markets Kristen Owen – Oppenheimer Jeff Drezner – Morgan Stanley Operator Good morning, and welcome to the Local Bounti's Full Year 2022 E ...

BMO Farm to Market Conference May 18, 2022 Strictly Confidential ©2022 Local Bounti Corp Disclaimer FORWARD LOOKING STATEMENTS This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by words such as "anticipate," "approximate," "believe," "commit," "continue," "could," "estimate," "expect," "hope," "intend," "may," "outloo ...

Investor Presentation March 15, 2022 Strictly Confidential ©2022 Local Bounti Corp Disclaimer FORWARD LOOKING STATEMENTS This presentation of Local Bounti Corporation ("Local Bounti" or the "Company") includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "future," "growth," "opportunity," "well-positioned," "forecast," "intend," "seek," "ta ...