Slide 1: Q2 2026 Investor Presentation
Q2 2026 Investor Presentation Rogers Sugar Inc. TSX: RSI May 7, 2026 The Canadian Leader In Quality Sugars And Sweeteners Since 1888
Slide 2: Forward-looking Statements
Forward-looking Statements This report contains statements or information that are or may be “forward-looking statements” or “forward-looking information” within the meaning of applicable Canadian securities laws. Forward- looking statements may include, without limitation, statements and informatio
Slide 3: Our Strategy
Our Strategy Rogers Sugar Inc. TSX: RSI The holding company of Lantic Inc. We seek to generate consistent, profitable and sustainable growth by optimizing our business to take advantage of favourable Canadian market trends in Sugar, and global incremental demand for Maple Syrup Lantic makes sugar an
Slide 4: Investment Highlights
Investment Highlights • A focus on consistent, profitable and sustainable growth has generated another quarter with strong financial results • As the largest publicly traded Canadian sweetener producer, Rogers offers investors the opportunity to benefit from: o The North American sugar market demand
Slide 5: Q2 Highlights
Q2 Highlights Continued profitability contribution from Sugar Consolidated adjusted gross margin segment driven by strong $54M 14% margins Solid free cash flow Consolidated adjusted EBITDA supported by higher $38M 10% adjusted EBITDA and lower capital expenditures Adjusted net earnings per share Lim
Slide 6: Rogers Refined: Better company, better investment
Rogers Refined Better company, better investment. Consistent Profitable Growth and Cash Generation Consistent adjusted EBITDA and cash flow growth to fund business MODERNIZING, OPTIMIZING DRIVING PROFITABILITY IN MAINTAINING A STRONG ADVANCING OUR ESG investments, manage leverage AND GROWING IN SUGA
Slide 7: An Update on LEAP: Our Eastern Expansion Project
An Update on LEAP: Our Eastern Expansion Project LEAP will expand our production capacity by an estimated 100,000 metric tonnes Progress Updates • Significant advancements in the construction phase of • Estimated cost to complete LEAP is the project in Montreal unchanged at $280 to $300 million • In
Slide 8: Financial Results
Financial Results 8
Slide 9: Driving profitability in 2026
Driving profitability in 2026 • Consolidated revenue decreased by 17% on lower value of Raw #11 and lower sales volume in the Sugar segment, reflecting lower export sales • Consolidated adjusted gross margin increased by 14% to $54 million due to higher contribution from sugar refining activities an
Slide 10: Strong margins in Sugar segment offset lower volumes
Strong margins in Sugar segment offset lower volumes • Adjusted EBITDA increased by 20% to $33 million during the quarter, due to: – Increased sugar sales margin including benefiting from non-recurring and timing items – Higher average pricing on sugar refining-related activities – Partially offset
Slide 11: Maple segment aligned with our expectations
Maple segment aligned with our expectations • Maple revenues decreased slightly by 2% from lower sales volume • Maple revenues higher than last year for the first six months of 2026, driven by increased sales volume to existing customers • Decrease in adjusted EBITDA largely driven by lower gross ma
Slide 12: Outlook for 2026
Outlook for 2026 • We continue to expect consistent financial performance in 2026 • Will continue to monitor and engage with stakeholders on evolving trade discussions • Domestic margins for Sugar expected to remain healthy, offsetting lower export volumes • Sales volume for Maple expected to increa
Slide 13: Fiscal 2026 Focus
Fiscal 2026 Focus • Advance our safety program to provide a safe and healthy working environment for our employees Delivering value to • Focus on excellence in serving our customers shareholders through, consistent, • Move forward on our LEAP Project to build our production and logistics capability
Slide 14: Jeudic
Jeudic ERABLE Mi MAPLE