Saputo Inc. · TSX:SAP
Saputo — Q3 2026 Earnings Presentation
13 slides from Saputo's earnings presentation, Feb 6, 2026
Slide 1: Fiscal Year 2026 Third Quarter
Fiscal Year 2026 Third Quarter February 6, 2026
Slide 2: Caution Regarding Forward-Looking Information
Caution Regarding Forward-Looking Information This presentation and accompanying oral presentation contains 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 objecti
Slide 3: Third Quarter of Fiscal 2026 Highlights
Third Quarter of Fiscal 2026 Highlights USA Sector Strong Meaningful margin Record profitability International & Structural commercial performance Robust cash gains driven by in our Canada Europe Sectors initiatives on momentum outpaced last year, generation and disciplined cost Sector, driven by st
Slide 4: Consolidated Results
Consolidated Results For the third quarter ended December 31, 2025 REVENUES ADJUSTED EBITDA1 $4.888B $492M (2.1%) 18.0% NET EARNINGS ADJUSTED NET EARNINGS1 $220M $235M $738M 40.7% EPS ADJUSTED EPS1 (BASIC) ( DILUTED) (BASIC AND DILUTED) $0.54 $0.53 $0.57 $1.76 $1.75 46.2% 4 1. This a total of segmen
Slide 5: Financial Highlights
Financial Highlights • Revenues reflected: ◦ Lower US dairy commodity pricing2 as compared to last fiscal year. Key Events ◦ Higher sales volumes. ◦ Higher selling prices across domestic and international cheese and dairy • On November 19, 2025, we renewed our NCIB to purchase up to 5% ingredient ma
Slide 6: Canada Sector
HIGHLIGHTS BY SECTOR Canada Sector For the third quarter ended December 31, 2025 Q3-FY26 vs. Q3-FY25 Revenues 1.416B 4.2% • Higher sales volumes driven by commercial initiatives and execution, and strong consumer demand for high-protein offerings. Adjusted EBITDA • Favourable product mix and higher
Slide 7: USA Sector
HIGHLIGHTS BY SECTOR USA Sector For the third quarter ended December 31, 2025 Q3-FY26 vs. Q3-FY25 Revenues 2.142B (7.1)% • Higher sales volumes and favourable product mix. • Operational improvements from ongoing efficiency initiatives. Adjusted EBITDA • Disciplined execution on customer fulfillment
Slide 8: International and Europe Sectors
HIGHLIGHTS BY SECTOR International and Europe Sectors For the third quarter ended December 31, 2025 Q3-FY26 vs. Q3-FY25 International Europe International and Europe Revenues 1 994M (2.5)% 336M 8.0% 1.330B flat International Sector • Higher sales volumes and favourable product mix. • Higher internat
Slide 9: FY26 Outlook
• The direct impact of trade-related tariffs on our business is expected to remain limited and well managed at this time. However, while we • We remain confident in the long-term outlook for the business and its anticipate that the evolving global trade landscape and consumer ability to navigate cur
Slide 10: Fiscal Year 2026 & Fourth Quarter Results
Fiscal Year 2026 & Fourth Quarter Results June 5, 2026
Slide 11: Appendix
Appendix 11
Slide 12: Quarterly Financial Information by Sector
Quarterly Financial Information by Sector Fiscal years 2026 2025 2024 (in millions of CDN dollars) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Revenues Canada 1,416 1,373 1,321 1,258 1,359 1,294 1,253 1,192 USA 2,142 2,153 2,128 2,140 2,305 2,225 2,085 1,928 International 994 871 865 1,020 1,019 912 1,004 1,135 Europe
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 13