Slide 1: Fiscal Year 2024 Second Quarter
5 1 6 4 8 3 2 7 Fiscal Year 2024 Second Quarter November 10, 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: Q2 FY24 Highlights
Q2 FY24 Highlights • Year-over-year growth in adjusted EBITDA1 and margins. • Solid performance in Canada Sector and significant improvement in USA Sector offset lower results in International and Europe Sectors. • Favourable commodity markets in the US and higher domestic volume in addition to bene
Slide 4: Q2-FY24 Consolidated Results
Q2-FY24 Consolidated FINANCIAL HIGHLIGHTS • Net earnings totalled $156 million, up from $145 million. Net Results earnings per share (EPS) (basic and diluted) were $0.37, up from $0.35. For the quarter ended September 30, 2023 • Adjusted net earnings1 totalled $181 million, up from $151 million, (in
Slide 5: Canada Sector
HIGHLIGHTS BY SECTOR Canada Sector For the quarter ended September 30, 2023 (in millions of CDN dollars) Q2-FY24 vs. Q2-FY23 Revenues 1,248 5% Adjusted EBITDA 148 9% Adjusted EBITDA margin 11.9% We continued to mitigate the effect of inflationary pressures on our input costs with the carryover impac
Slide 6: USA Sector
HIGHLIGHTS BY SECTOR USA Sector For the quarter ended September 30, 2023 (in millions of CDN dollars) Q2-FY24 vs. Q2-FY23 Revenues 1,950 (5%) Adjusted EBITDA 147 44% Adjusted EBITDA margin 7.5% We continued to benefit from the carryover effect of previously implemented pricing initiatives to mitigat
Slide 7: International Sector
HIGHLIGHTS BY SECTOR International Sector For the quarter ended September 30, 2023 (in millions of CDN dollars) Q2-FY24 vs. Q2-FY23 Revenues 879 (11%) Adjusted EBITDA 83 (14%) Adjusted EBITDA margin 9.4% Results were negatively impacted by lower export sales volumes and the unfavourable relation bet
Slide 8: Europe Sector
HIGHLIGHTS BY SECTOR Europe Sector For the quarter ended September 30, 2023 (in millions of CDN dollars) Q2-FY24 vs. Q2-FY23 Revenues 246 9% Adjusted EBITDA 20 (41%) Adjusted EBITDA margin 8.1% Results were negatively impacted by product mix, and by the selling of inventory produced at higher milk p
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 near-term inflation on our overall input costs to moderate, but
Slide 10: Fiscal 2024 Third Quarter Results
Fiscal 2024 Third Quarter Results February 9, 2024 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) Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Revenues Canada 1,248 1,211 1,156 1,213 1,185 1,142 1,055 1,112 USA 1,950 1,876 2,062 2,172 2,062 2,043 1,743 1,627 International 879 868 963 917 989 916 922 919 Europe 246 252
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