Stryve Business Combination with Andina Acquisition Corp. III

Path to Profitability Stryve The Company has been aggressively executing a multi-factor plan to materially improve its profitability and cash flow since late 2019 GROSS MARGIN . • Product cost savings through strategic raw material sourcing Lean manufacturing and process improvements to drive production yields SALES & MARKETING • • Focused marketing spend on digital campaigns with measurable ROI Optimized marketing spend to drive incremental revenue in highest margin channels Private label business on a select basis to augment cash flow • PLATFORM BUILT Current leadership and infrastructure to support a >$200M revenue business • Increased volumes to enhance benefits of vertical integration As a result of these efforts, Stryve expects to reach profitability in mid-2021 Percent of Net Revenue (%) Significant Installed Capacity Provides Material Operating Leverage 63.9% 60% 50% - Fixed Cost (%) EBITDA 41.5% 40% 30% 20% 10% 0% 2H'20 1H'21 2H'21 (10%) (20%) (30%) ($4,900) ($4,200) ($ in 000s) $11,500 $10,200 $9,000 $6,500 27.0% $4,500 $4,000 23.3% 18.2% $2,600 $1,500 EBITDA ($1,000) 1H'22 2H'22 ($3,500) ($6,000) 29 29

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