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Our best just got better

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  1. Our best just got better

  2. Beaver Street Fisheries Background • Founded in 1950 as a small retail fresh fish store in Jacksonville, Florida • Expanded to include sales to area hotels, restaurants, and grocery stores • Business continued to grow and BSF is now one of the top seafood suppliers in the US in both retail and food service • Currently in fourth generation of family ownership

  3. Who We Are Today

  4. Production Facility

  5. Production Facility

  6. Who We Are Today • Ninth largest seafood company in North America • Over $500 million in annual sales • Fifth largest seafood company in North America (excluding tuna fish companies) • Seafood Business Magazine

  7. Who We Are Today • Import: Largest variety seafood importer in US, with over 70 million pounds directly imported each year and over 1,600 SKU’s stocked • Warehouse: Over 12 million cubic feet of cold storage space in Jacksonville, Florida and multiple offsite storage facilities. Current inventory nearly $100 million. • Production Facility: USDC and HACCP certified production facility with packing capabilities and kitchen for prepared items • Inspection: 4 full time USDC inspectors on site in Jacksonville and 12 quality control employees inspect every load received • Employees: Over 400 employees centrally located in Jacksonville, Florida

  8. Commitment to Food Safetyand Sustainability • British Retail Consortium - BSF headquarters in Jacksonville recently received grade of 97 out of 100 on BRC audit. • Best Aquaculture Practices – First plant in the world certified for repacking under Best Aquaculture Practices standards. • Aquaculture Certification Council – All retail shrimp and nearly all tilapia is plant and farm certified by ACC (evaluates food safety, traceability, and impact on environment and community). • Marine Stewardship Council – Supply products certified by MSC (evaluates sustainability of species, management of fisheries, food safety, and environmental impact). • USDC – Jacksonville plant certified for over 15 years

  9. What We Do • Frozen Fish: Largest US importer of frozen fish, with nearly 50 million pounds imported in 2008

  10. What We Do • Tilapia: Largest US importer of tilapia, with 32 million pounds imported in 2008

  11. What We Do • Lobster: Largest US importer of lobster tails, with over 2 million pounds of warm water tails imported from sister company in Bahamas, Tropic Seafood

  12. Tropic Seafood • Largest lobster tail and seafood processor in the Bahamas (over 4 million pounds of lobster per year processed) • Vertically integrated company • Island Queen brand renowned for quality, particularly in European markets • State of the art production facility meeting HACCP and EU standards • Only lobster tail processor in world using purified ozonated water throughout plant

  13. What We Do • Shrimp: Top 15 importer of shrimp, with over 16 million pounds imported in 2008.

  14. Sea Best Brand • Full line of Sea Best branded retail packs for fish, shrimp, lobster, scallops, crab, and breaded seafood • Also offer tray packed value added fish fillets, crab cakes, and lobster tails produced in BSF production facility

  15. Where We Stand • Sea Best is 4th largest seafood brand in the US, and 2nd among raw fish and shrimp companies • Strong brand growth in units and dollars

  16. What We Provide Retailers • National brand name recognition in the Top 5 in US • Proven winners at retail – high value, low cost items for customers • Efficient sourcing through direct importing and consistent supply due to long-standing relationships with packers (routine visits by buyers overseas with plants) • Freight efficiencies due to 60 truckload shipments per week nationwide • High quality products in fish, shrimp, lobster, and crab • Fish fillets are individually vacuum sealed in bags and boxes to maximize shelf life and increase consumer convenience • Tilapia sourced from Aquaculture Certification Council (ACC) plants and farms • Shrimp sourced from ACC certified plants and farms • Lobster sourced from state-of-the-art plant in Bahamas; MSC certification pre-assessment • Crab sourced directly from packers with long-standing relationships with BSF

  17. Proven Winners – 1 lb Tilapia • Sea Best 1 lb Tilapia is second best selling tilapia item in US • Far outsells Gorton’s, Odyssey, and other competing brands • Individually vacuum sealed fillets • Sourced from ACC certified farms and plants

  18. Proven Winners – 10 oz Breaded Shrimp • #1 Selling Breaded Shrimp in US • Jumbo Butterfly Shrimp (21/25 count per pound) • More unit sales than Sea Pak and Singleton • Much lower retail provides better value • Raw breaded shrimp not pre-cooked, giving product fresher flavor • Customers prefer breading to shrimp ratio, giving more shrimp per bite

  19. Proven Winners – 9 oz Coconut Shrimp • #1 Selling Coconut Shrimp in US • Outsells Margaritaville, Sea Pak, Phillips, and Contessa • Contains real coconut shavings and no artificial sweeteners • Raw breaded shrimp not pre-cooked, giving product fresher flavor

  20. Proven Winners – 2 lb Snow Crab Clusters • #1 Selling Snow Crab in US • Sourced directly from Canadian plants • 1.2 million pounds in BSF inventory for year-round supply • Far outsells other national brands

  21. Beaver Street Fisheries, Inc. • Retail experience to provide high quality, market accepted products for low prices • Financial and organizational strength to provide consistent quality, value, and supply for private brands • Flexibility of a family-run company combined with resources of a large corporation to respond quickly and effectively to all of your needs