1 We are pleased to present our Management Discussion and Analysis (MD&A) for Retro Production Ltd. For the fiscal year ended December 31, 2021. Our company has achieved the following financial results for the year over year results for December 31, 2021. 2 3 Overall Operating Performance 4 For the fiscal year ended December 31, 2021, our sales RETRO PRODUCTIO 5 For the fiscal year ended December 31, 2021, our gross profit 6 For the fiscal year ended December 31, 2021, our operating expenses 7 For the fiscal year ended December 31, 2021, our operating income 8 For the fiscal year ended December 31, 2021, our income before income taxes 9 For the fiscal year ended December 31, 2021, our income net income 10 11 Vertical Analysis for our most major expenses, our combined minor expenses and resulting net income revealed the following: 13 Cost of goods sold 14 Salaries expense 15 Freight out 16 Advertising expense 17 Other expenses* 2021 2020 18 Net Income 19 *depreciation, rent, office, utilities, travel, interest