Wildpack Beverage Announces Quarter 1, 2024 Highlights and Reports Q4 and Annual 2023 Financial Results

Q1 2024 Highlights (in USD):

• Confirmed Customer Orders: $17.0 million
• Confirmed Sales Orders: 978
• New Customer Conversions: 102
• Total Throughput: 66.60 million cans
• Decoration Throughput: 6.23 million cans
• Filling Throughput: 4.14 million cans
• Printed Sleeve Throughput: 6.83 million sleeves
• Brokering Throughput: 49.40 million cans
• Plant Utilization: 20.5%

VANCOUVER, BC / ACCESSWIRE / April 30, 2024 / Wildpack Beverage Inc. (TSXV:CANS) (" Wildpack Beverage " or the " Company ") a leading middle market co-packer of canned goods announced key performance indicators (all currency amounts in USD) for Quarter 1, 2024. The Company reported confirmed customer sales orders amounting to $17.04 million, with confirmed sales orders reaching 978. The current 12-month run rate for customer confirmed orders is $83.41 million.

Wildpack Beverage's total throughput was 66.60 million8 cans. The Company decorated 6.23 million cans and filled 4.41 million cans. Wildpack Beverage printed 6.83 million sleeves and brokered 49.40 cans.

Wildpack maintained utilization levels of 20.5% in a quarter that typically experiences seasonal cyclicality. Wildpack achieved strong Brokering sales in Q1 2024 and the Customer Confirmed Orders, adjusted for cancelled orders, represented an all-time high.

"We achieved some key milestones in brokering and overall sales as forward indicators for a strong 2024" expressed Mitch Barnard, CEO of Wildpack Beverage. "Our strong vendor partnerships and changes we have made in production have made Wildpack the most competitive and reliable we have ever been."

Fourth Quarter 2023 Highlights:

• Revenue for the quarter grew 41% to $13.74 million compared to $9.76 million in the prior quarter
• Total volume for the quarter grew 24% to 78.3 million cans compared to 63.0 million cans the prior quarter
• Production capacity utilization for the quarter grew 7.6%, from 28.8% to 36.4% quarter over quarter

Fiscal Year 2023 Highlights:

• Revenue of $56.31 million
• Total Volume of 383.2 million units
• 4-Year Supply Agreement with Ball Corporation
• Production volume utilization increased to 40.4% from 25.2% in the prior year

		Three months ended								Year ended
In $'000' s		December