Slide 1: Fiscal Year 2025 First Quarter
Fiscal Year 2025 First Quarter August 9, 2024 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 FY25 Highlights
Q1 FY25 Highlights • Year-over-year growth in revenue and adjusted EBITDA1 and solid cash flow generation • Meaningful improvements in operational controllables in our USA Sector • A continued solid performance in our Canada Sector • Higher sales volumes in all our sectors • Dairy commodity environm
Slide 4: Q1-FY25 Consolidated Results
Q1-FY25 Consolidated FINANCIAL HIGHLIGHTS • Results reflected the following: Results ◦ A continued solid performance in our Canada Sector; ◦ Expected benefits derived from meaningful operational improvements in For the quarter ended June 30, 2024 our USA Sector; and ◦ Higher sales volumes in all our
Slide 5: Canada Sector
HIGHLIGHTS BY SECTOR Canada Sector For the quarter ended June 30, 2024 (in millions of CDN dollars) Q1-FY25 vs. Q1-FY24 Revenues 1,253 3.5% Adjusted EBITDA 153 6.3% Adjusted EBITDA margin 12.2% • Benefits derived from operational efficiencies, including continuous improvement, supply chain optimizat
Slide 6: USA Sector
HIGHLIGHTS BY SECTOR USA Sector For the quarter ended June 30, 2024 (in millions of CDN dollars) Q1-FY25 vs. Q1-FY24 Revenues 2,085 11.1% Adjusted EBITDA 162 57.3% Adjusted EBITDA margin 7.8% • $26 million in benefits derived from operational improvements, including increased capacity utilization an
Slide 7: International Sector
HIGHLIGHTS BY SECTOR International Sector For the quarter ended June 30, 2024 (in millions of CDN dollars) Q1-FY25 vs. Q1-FY24 Revenues 1,004 15.7% Adjusted EBITDA 45 (41.6%) Adjusted EBITDA margin 4.5% • The unfavourable disconnect in the relation between the international cheese and dairy ingredie
Slide 8: Europe Sector
HIGHLIGHTS BY SECTOR Europe Sector For the quarter ended June 30, 2024 (in millions of CDN dollars) Q1-FY25 vs. Q1-FY24 Revenues 264 4.8% Adjusted EBITDA 23 (39.5%) Adjusted EBITDA margin 8.7% • Results impacted by cycle through of remaining excess high-cost inventory. • Lower international dairy in
Slide 9: FY25 Outlook
• Inflationary pressures are anticipated to moderate versus the prior fiscal year. However, labour costs may remain elevated in addition to increases in marketing and advertising investments to support new product launches and our brands. • We expect USA dairy markets to progressively improve throug
Slide 10: Fiscal 2025 Second Quarter Results
Fiscal 2025 Second Quarter Results November 7, 2024 2022 Saputo Inc. and affiliates. All rights reserved.
Slide 11: Appendix
Appendix ' rs oN 4
Slide 12: Quarterly Financial Information by Sector
Quarterly Financial Information by Sector Fiscal years 2025 2024 2023 (in millions of CDN dollars) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Revenues Canada 1,253 1,192 1,271 1,248 1,211 1,156 1,213 1,185 USA 2,085 1,928 2,056 1,950 1,876 2,062 2,172 2,062 International 1,004 1,135 636 879 868 963 917 989 Europe 264
Slide 13: Investor Relations
Investor Relations Nicholas Estrela Senior Director, Investor Relations Saputo Inc. 1000 de la Gauchetière Street West, Suite 2900 Montréal, QC Canada H3B 4W5 514-328-3117 nicholas.estrela@saputo.com www.saputo.com