Slide 1: Fiscal Year 2026 First Quarter
Fiscal Year 2026 First Quarter August 8, 2025
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: First Quarter of Fiscal 2026 Highlights
First Quarter of Fiscal 2026 Highlights Record first Higher year-over- Strong sales Operational Cost optimization Strong operating Returned capital to quarter adjusted year adjusted volume growth, improvements, measures cash flow Shareholders EBITDA1 EBITDA1 across supported by primarily driven by i
Slide 4: Consolidated Results
Consolidated Results For the first quarter ended June 30, 2025 REVENUES ADJUSTED EBITDA1 $4.631B $426M 0.5% 11.2% NET EARNINGS ADJUSTED NET EARNINGS1 $165M $184M 16.2% 10.2% EPS ADJUSTED EPS1 (BASIC AND DILUTED) (BASIC AND DILUTED) $0.40 $0.44 21.2% 12.8% 4 1. This a total of segments measure, a non
Slide 5: Financial Highlights and Key Events
Financial Highlights Key Events • Record first quarter adjusted EBITDA1 performance. • Benefits from operational improvements, commercial initiatives, and Milk pricing formula our continued efforts toward disciplined cost optimization measures. • On June 1, 2025, the new milk pricing formula approve
Slide 6: Highlights by Sector: Canada Sector
HIGHLIGHTS BY SECTOR Canada Sector For the first quarter ended June 30, 2025 Q1-FY26 vs. Q1-FY25 Revenues 1.321B 5.4% • Higher sales volumes driven by commercial Adjusted EBITDA initiatives. 170M 11.1% • Favourable product mix and higher pricing. • Selling, general, and administrative cost Adjusted
Slide 7: Highlights by Sector: USA Sector
HIGHLIGHTS BY SECTOR USA Sector For the first quarter ended June 30, 2025 Q1-FY26 vs. Q1-FY25 Revenues 2.128B 2.1% • Operational improvements, primarily driven by ongoing efficiency initiatives stemming from our recent capital Adjusted EBITDA investments. 171M 5.6% • Disciplined execution on custome
Slide 8: Highlights by Sector: International and Europe Sectors
HIGHLIGHTS BY SECTOR International and Europe Sectors For the first quarter ended June 30, 2025 Q1-FY26 vs. Q1-FY25 International Europe International and Europe Revenues 1 865M (13.8)% 317M 20.1% 1.182B International Sector • Higher international selling prices. Adjusted EBITDA • Lower milk costs i
Slide 9: FY26 Outlook
• The direct impact of trade-related tariffs on our business is • We remain confident in the long-term outlook for the expected to be limited and manageable at this time. business and its ability to navigate current macroeconomic However, we anticipate that the evolving global trade challenges. land
Slide 10: Fiscal Year 2026 Second Quarter Results
Fiscal Year 2026 Second Quarter Results November 7, 2025
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) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Revenues Canada 1,321 1,258 1,359 1,294 1,253 1,192 1,271 1,248 USA 2,128 2,140 2,305 2,225 2,085 1,928 2,056 1,950 International 865 1,020 1,019 912 1,004 1,135 636 879 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