+

Ticker: IVFH

1

+ Forward Looking Statements

Ticker: IVFH

This document contains certain forward-looking statements and

information relating to Innovative Food Holdings, Inc. (the

"Company") that are based on the current beliefs of the

Company's management, as well as assumptions made by, and

information currently available to, the Company. Such statements

reflect the current views of the Company with respect to future

events and are subject to certain assumptions, including those

described in this presentation. Should one or more of these

underlying assumptions prove incorrect, actual results may vary

materially from those described herein as “should,” “could,”

“anticipate,” “believe,” “intend,” “plan,” “might,” “potentially” or

“expect.” All Financial and numerical information described in this

presentation are approximations. The Company does not intend

to update these forward-looking statements.

2

+ Specialty Foods Market Opportunity

Specialty Food (including natural, organic, and health foods)

- $85 billion market1

Retail consumer market: +20% growth 2011-13

Specialty foodservice market: +20% growth 2011-13

Specialty foodservice market size: over $19 billion in 2013

Expected to grow 10% or more in 2014

Highly fragmented and highly segmented

Currently: little consolidation of “mom and pop” suppliers

All Sources – 1. Mitel

Ticker: IVFH

3

+ Broadline Foodservice Distributors

Broadliners distributes a full line of standard food products

and a wide variety of non-food products to their customers.

Full line of standard products: Heinz ® ketchup, potatoes,

Tyson® chicken nuggets etc.

High inventory turn products

Limited capability to serve higher end establishments

Less specialized product expertise

Limited line of specialty and niche products

Not ideally suited to offer small batch products from small

artisanal companies

Broadliners face perception and scale challenges related to

high end specialty foods

Ticker: IVFH

4

+ Specialty Foodservice vs. Broadline Foodservice

Bottom Line:

A typical broadline distributor is not able to

offer a specialty foodservice program with the

high quality products, high quality customer

service, dedicated chef expertise, proactive

procurement and logistics required for a

successful specialty program

5

+ Innovative Food Holdings

The Finest Specialty Food

Innovative Food Holdings,

distributes origin-specific

perishables, artisanal, direct

from source, gluten free,

health food and chef quality

specialty food products.

Products are marketed via

national partnerships and

through In-House customer

relationships.

Ticker: IVFH

$7.5

$9.8

$11.5

$18.6

2009 2010 2011 2012

Revenues

$0.2

$0.4 $0.5

$1.1

2009 2010 2011 2012

EBITDA

In M

illio

ns

Subsidiaries & Operating Businesses

6

Sourcing and product testing

Chef to Chef ordering,

menu planning and

customer service

Product ordering and

processing

Product shipped from boat,

farm, dock or warehouse

Superior proactive logistics and

Chef provided customer service

Product delivered directly

to Chef

Over

7,000

products

One stop shop

unique specialty

food for chefs

Delivering to

over 30,000

chefs

Innovative Food Holdings

Ticker: IVFH

7

Ticker: IVFH

8

+ The IVFH Experience

Ticker: IVFH

IVFH Creates Simplicity, Efficiency

Chicago-area

Chef Order:

10 LB Live New England Lobster

25 LB Ahi Tuna

1 LB hand cut Emmentaler Cheese

24 Texas Cross Quail

1 Molecular Gastronomy Kit

1 box cheesecake

Pops

Calls Local Distributor

Calls Local Distributor

Calls Regional Distributor

3-day old available

Not available

Can ship

Not fresh

Shipment delayed

EDI-Calls

Fresh and on-time

+ 2,500 packages out for delivery to chefs in a single day

Shipped direct from source when possible

World-class logistics

Proactive monitoring of any issues

Chef-to-Chef customer service

Calls Mainline Distributor Doesn’t carry

The IVFH Experience

9

+ IVFH VS. Competition

IVFH Competition

One Stop Shop for high end specialty food

products

NA

Highest level of freshness: direct from Source

products NA

Chef to Chef Customer Service NA

Quick, low cost nationwide new product &

private label launches NA

True next day delivery : Chef Needs- Chef Gets NA

Small Batch unique Artisanal products NA

Farm to Table NA

Chef Source Service- Source any product in the

world for direct delivery to chef NA

Ticker: IVFH

Comparison Overview

10

+

Expand: Existing partnership sales

In-house direct to chef driven sales:

Warehouse bulk business – market opportunity to expand role as niche artisanal and specialty food wholesale distributor

E-commerce business: prudent-low CAPEX approach

Add additional national partnerships

Nationwide private label partnership opportunities: margin and sales opportunity

Proprietary product opportunities: margin and sales opportunity

Expand foodservice relationship business: margin opportunity

Ticker: IVFH

A Detailed Snapshot

In-House Sales

E-Commerce

B2B

&

B2C

Warehouse Business

Partnerships

Organic Sales Growth 11

+

Ticker: IVFH

Top U.S. Foodservice Broadline Distributors

Broadline Market Share

Sysco revenue: FY 2013 10K; US Food, PFG and GFS revenues from 2013 Forbes list of private companies; Jetro

revenue (2010 estimate) from Hale Group/IFMA’S Foodservice 2020 Strategic Issues Series

Sysco, $35.8

USFS, $18.8

PFG, $10.3

Gordon, $7.2

Costco, $6.2

Sam's, $5.1 Rest. Depot/Jetro, $4.5

Reinhart, $4.2

Maines, $3.0

Svcs. Group, $2.6

Ben E. Keith, $2.1

Shamrock, $1.7

All Others,- broadline distributors $89.5 –highly fragmented- active consolidation

continues

Announced

agreement to

combine on

12/9/13

Broadliners seek to enter into

faster growing specialty

foodservice market

12

+ Strategic M&A

Specialty food distribution remains highly fragmented

High quality acquisition opportunities at below $15 million – as major buyers focus on larger opportunities

Financial strength to execute acquisition strategy

~ $1.4M cash at end of Q3, more at year end 2013 + $1.35M bank line

Additional highly flexible bank lending support for synergistic acquisitions

Target small specialty distributors

< than $10M annual sales; positive EBITDA, local and regional specialty operators

Selected specialty food E-commerce opportunities

Heavily venture capital backed , little profits - market ripe for opportunistic acquisitions

Focus on GM opportunities/expansion

Successful acquisition/integration of Artisan Specialty Foods, Inc.

Geographical synergy: reduces shipping costs, delivery times and additional local program flexibility

GM improvements since Artisan acquisition/integration

M&A Growth Opportunities

13

+ Specialty Food Acquisition Landscape

Hundreds of small “mom and pops”

Prudent acquisition multiple model: 2-3.5X EBITDA target

Operate as stand alone local distributor with staged IT integration

Instill financial discipline and financial reporting to operations

Build out select geographic footprint slowly- synergistic to overall

business

Less competition for quality targets at lower end of market

Artisan Specialty integration complete

Ticker: IVFH

IVFH M&A Model

14

+ Online Specialty Foods

Chefs starting to move towards online purchasing

10% < of consumers buy food online – still overwhelmingly in-store driven.*

Online grocery sales growth expected to increase**

Expect online specialty foods to grow faster than overall e-grocer market

Foodservice/Consumer specialty food - not yet disrupted via E-commerce

Amazon® and Amazon Fresh® likely to be major disrupter and create growth

opportunities in the sector

Highly fragmented specialty E-commerce market

Heavily VC backed and hyped - but still little or no profits

Biggest operational challenge: food logistics, GM sustainability and ability

to scale *Mitel **Boston Consulting group

Ticker: IVFH

Still in Early Stages…

15

+

The Specialty “Food

Chain” - Current System

Producer/Exporter

Importer

Distributor

Retailer

Consumer

B

r

o

k

e

r

Consumer

Ticker: IVFH 16

+ IVFH & E-commerce

Ticker: IVFH

Scale and infrastructure available

for potential B2B and B2C E-

commerce sales growth

www.forthegourmet.com and

partners including Amazon, < 5%

of IVFH sales

Challenging costs of customer

acquisition

Low cost, low spend approach and

run as profitable business

Current perishable ship models

add additional significant ship

costs

Currently-For The Gourmet: home

chef, consumer focused

Partnership & white label models

Acquisition

Incremental improvements in

customer acquisition

Expand E-commerce offerings

targeted to pro chef

17

+ Financial Information

Ticker: IVFH

18

+ Revenue Growth

Ticker: IVFH

$7.5

$9.8

$11.5

$18.6

2009 2010 2011 2012

In M

illio

ns

19

+

Cash EBITDA

Ticker: IVIVFH

$0.2

$0.4

$0.5

$1.1

2009 2010 2011 2012

In M

illio

ns

20

+

$12.7

$17.1

9M 2012 9M 2013

Financial Results

Revenues EBITDA

In M

illio

ns

Nine Months YTD

Ticker: IVFH

$0.7

$1.3

9M 2012 9M2013

In M

illio

ns

21

+ Balance Sheet Information

Strong financial profile

Cash at end of Q3 ~ $1.4 million.

$1.35 million bank credit/loan available.

Total: Cash availability – approx. : $2.7 million- additional capital available for acquisition targets with favorable lending profiles

$1.2 million Artisan acquisition loan has been completely paid down

Total non-bank debt (P & I): Approx. $1.5 mil

Strong first tier commercial banking relationship – enhanced financial flexibility for future opportunities

Ticker: IVFH

22

+

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

Comparative Analysis

*Approximation – 9 months 2013

Financial Ratios

Ticker: IVFH

EBITDA Margins

23

+

13.6

41.5

Efficient Inventory Model

Year End 2012 Date : Source Company Filings

Financial Ratios

Ticker: IVFH

Inventory Days

24

+

0%

20%

40%

60%

80%

100%

120%

Comparative Analysis

* 12 MONTHS

Financial Ratios

Ticker: IVFH

Approximate Nine Month EBITDA Growth Rates

25

9 months 2013- source company filings

+

Ticker: IVFH

Q3 Sales: $6.0 million vs. $5.1 million (17% growth)

Q3 Adjusted EPS: $0.06 vs. $0.04 (54% growth)

Current Market Cap: Approx. $9.5 million

Q3 Cash EBITDA: $481,000 vs. $293,000 (64% growth)

9M cash EBITDA: 97% growth to $1.3 million vs. $656,000

9M operating income: 141.7% to $1.0 million vs. $433,000

9M adjusted EPS: 86% to $0.17 vs. $0.09

Strongly focused on minimizing future dilution with a goal to maximize shareholder value; ongoing activities and discussions in that regard

Key Financial Metrics Q3 2013 26

+

$85 Billion specialty

food market Low CAPEX

Strong sales, EBITDA and

cash flow

Trend: Gourmeting of America

Organic Growth:

Partnerships and In-House

Acquisition growth:

distributors, E-commerce

Investment Highlights

Ticker: IVFH

27

+ Thank You

Innovative Food Holdings, Inc.

Sam Klepfish

Chief Executive Officer

Phone: 239-449-3249

sklepfish@innovativefoodholdings.com

@IVFHCompany

Ticker: IVFH