Slide 1: Fiscal Year 2024 First Quarter
5 1 6 4 8 3 2 7 Fiscal Year 2024 First Quarter August 11, 2023 2022 2023 Saputo Saputo Inc.Inc. andand affiliates. affiliates. All rights All rights reserved. reserved.
Slide 2: Caution Regarding Forward-Looking Information
Caution Regarding Forward-Looking Information This presentation and accompanying oral presentation contain statements which are forward-looking statements within the meaning of applicable securities laws. These forward-looking statements include, among others, statements with respect to our objectiv
Slide 3: Q1 FY24 Highlights
Q1 FY24 Highlights • Solid results despite significant market headwinds and lower consumer demand. • Year-over-year growth in adjusted EBITDA1 and margins. • Strong overall performance in the Canada Sector, significant operational improvements in our Australia division, and operational stability in
Slide 4: Q1-FY24 Consolidated Results
Q1-FY24 Consolidated FINANCIAL HIGHLIGHTS • Net earnings totalled $141 million, up from $139 million. Net earnings per Results share (EPS) (basic and diluted) were stable at $0.33. • Adjusted net earnings1 totalled $154 million, up from $143 million, and adjusted EPS1 (basic and diluted) were $0.37
Slide 5: Canada Sector
HIGHLIGHTS BY SECTOR Canada Sector For the quarter ended June 30, 2023 (in millions of CDN dollars) Q1-FY24 vs. Q1-FY23 Revenues 1,211 6% Adjusted EBITDA 144 9% Adjusted EBITDA margin 11.9% We benefited from the carryover impact of increased selling prices, which were implemented to mitigate inflati
Slide 6: USA Sector
HIGHLIGHTS BY SECTOR USA Sector For the quarter ended June 30, 2023 (in millions of CDN dollars) Q1-FY24 vs. Q1-FY23 Revenues 1,876 (8%) Adjusted EBITDA 103 6% Adjusted EBITDA margin 5.5% We benefited from the carryover effect of previously implemented pricing initiatives to mitigate higher input co
Slide 7: International Sector
HIGHLIGHTS BY SECTOR International Sector For the quarter ended June 30, 2023 (in millions of CDN dollars) Q1-FY24 vs. Q1-FY23 Revenues 868 (5%) Adjusted EBITDA 77 (6%) Adjusted EBITDA margin 8.9% Results were negatively impacted by lower export sales volumes and the unfavourable relation between th
Slide 8: Europe Sector
HIGHLIGHTS BY SECTOR Europe Sector For the quarter ended June 30, 2023 (in millions of CDN dollars) Q1-FY24 vs. Q1-FY23 Revenues 252 12% Adjusted EBITDA 38 6% Adjusted EBITDA margin 15.1% The carryover impact of pricing initiatives implemented to mitigate increasing input and logistics costs in line
Slide 9: FY24 Outlook
• We expect to benefit from the carryover impact of price increases, additional capacity and capabilities, cost containment and efficiency initiatives, new product innovations, and investments in our brands and advertising. • We expect inflation on our overall input costs to moderate, but to remain
Slide 10: Fiscal 2024 Second Quarter Results
Fiscal 2024 Second Quarter Results November 10, 2023 2022 2023 Saputo Saputo Inc.Inc. andand affiliates. affiliates. All rights All rights reserved. reserved.
Slide 11: Appendix
Appendix ' rs oN 4
Slide 12: Quarterly Financial Information by Sector
Quarterly Financial Information by Sector Fiscal years 2024 2023 2022 (in millions of CDN dollars) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Revenues Canada 1,211 1,156 1,213 1,185 1,142 1,055 1,112 1,081 USA 1,876 2,062 2,172 2,062 2,043 1,743 1,627 1,533 International 868 963 917 989 916 922 919 858 Europe 252 287
Slide 13: Investor Relations
Investor Relations Nicholas Estrela Director, Investor Relations Saputo inc. 6869 Métropolitain Blvd. East Montréal, QC Canada H1P 1X8 514-328-3117 nicholas.estrela@saputo.com www.saputo.com