Maple Leaf Foods Inc. · TSX:MFI
Maple Leaf Foods — Corporate Update (April 2023)
16 slides from Maple Leaf Foods's corporate update, Apr 4, 2023
Slide 1: London Poultry Plant Tour
London Poultry Plant Tour April 4, 2023 All dollar amounts are presented in CAD dollars unless otherwise noted.
Slide 2: Forward-looking Statements and Non-IFRS Measures
Forward-looking Statements and Non-IFRS Measures This presentation contains “forward-looking information” within the meaning of applicable securities law. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which the Company operates, as
Slide 3: Maple Leaf Foods is an iconic, purpose-driven Canadian food company
Maple Leaf Foods is an iconic, purpose-driven Canadian food company
Slide 4: Our ambitious Blueprint guides us on our journey
Our ambitious Blueprint guides us on our journey MAPLE LEAF FOODS – LONDON POULTRY PLANT TOUR| APRIL 4, 2023 4
Slide 5: 2023 is a pivotal year
2023 is a pivotal year We are controlling the controllables Markets will correct, they always do! $1B in strategic investments coming on-line
Slide 6: The Poultry industry is governed by a Supply Management System
The Poultry industry is governed by a Supply Management System, Maple Leaf is one of only a few large quota owners in Canada. • Volume of domestic production is regulated and allocated by the Chicken farmers of Canada • Volumes and live prices are reset every eight weeks in consideration of supply a
Slide 7: Maple Leaf participates in several parts of the Poultry Value-Chain
Maple Leaf participates in several parts of the Poultry Value-Chain London Poultry is a primary processing facility with supply protected the Quota that we own 7 MAPLE LEAF FOODS – LONDON POULTRY PLANT TOUR| APRIL 4, 2023
Slide 8: What you are going to see today!
What you are going to see today! ✓ One of the most technologically advanced poultry processing plants in the world ✓ $772 million investment, the largest single-site investment ever in the Canadian food industry, securing its sustainability and growth ✓ 660,000 sq. ft. facility that is capable of pr
Slide 9: London Poultry is on track to add an incremental $100M of Adj. EBITDA Annually
London Poultry is on track to add an incremental $100M of Adj. EBITDA Annually to Maple Leaf Foods by the end of 2023 (on a run rate basis) Benefits From: Legacy Network The London Poultry Business Case • Four aging sub-scale, aging facilities in Ontario (St. • London reduces costs by more than 30%
Slide 10: Long-term consumption and growth trends in the Poultry category support the business case
Long-term consumption and growth trends in the Poultry category fully support the London Poultry business case Annual Canadian Poultry Production Per Capita Consumption (kg) 1,400 40 35.1 kg 36.1 kg 34.3 kg 34.5 kg 1,353 35 1,300 1,318 1,298 1,265 1,272 30 25.5 kg 25.9 kg 24.9 kg 1,200 24.1 kg 1,204
Slide 11: Maple Leaf is the Branded Fresh Poultry leader in Canada
Maple Leaf is the Branded Fresh Poultry leader in Canada with growing product demand that requires London Poultry to fully satisfy Products • Fresh, value-added chicken products from whole birds to boneless skinless breasts, tenders, wings, drumsticks and thighs, to ground chicken & turkey and indiv
Slide 12: London Poultry has the capacity & capabilities for higher margin, value-added demand
London Poultry has the capacity & capabilities to take full advantage of higher margin, value-added market demand, but at lower costs of production. Scale & Capacity (4 Plants to 1) Air-Chill % Cut-Up % Breast De-Boning % Birds/Week (000's) 100% 100% 100% 90% 87% 2,000 75% 1,800 225 525 600 450 Lega
Slide 13: Design concepts for our world class value-added poultry facility
Design concepts for our world class value-added poultry facility Our investment in a new world-class poultry facility plays a critical role in delivering on our vision to become the world’s most sustainable protein company PILLAR: PILLAR: PILLAR: PILLAR: Better Care Better Food Better Planet Better
Slide 14: Employee welfare considerations
Employee welfare considerations • Welfare areas have access to natural light and • Programs designed to welcome new employees • Facility design minimizes transit from welfare small lockers, enabling employees to quickly including organizational announcements, areas to workstations to less than two m
Slide 15: Transition to London – Keys to success
Transition to London – Keys to success 1 2 3 4 Transition producer suppliers Ramp-up London capabilities Ramp-down Legacy plants & Transition finished goods and to Modular Loading and capacity repatriate co-manufacturing customers into London Deliver benefits & meet our animal Onboard labour and pro
Slide 16: London Poultry: commercial production has started and transition progressing
London Poultry: commercial production has started and the transition from St. Marys’ facility has been completed; Toronto transition started Completed Current Remaining • Construction completed in Sept 2022 • Transitioning production volumes • Execute against the transition plan • Wet testing throug