Slide 1: Investor Presentation May 2025
2 0 2 5 I N V E S TO R P R E S E N TAT I O N W E L L N E S S May 2025 J A M I E S O N 1
Slide 2: Forward Looking Information
Forward Looking Information This presentation contains “forward-looking information” within the meaning of applicable securities laws. Forward looking information may relate to our future outlook and anticipated events or results and may include information regarding our financial position, business
Slide 3: Jamieson Wellness Today
JAMIESON WELLNESS TODAY Jamieson Wellness is a growing global health and wellness company with a leadership position in Canada We optimize whole health at every life stage. We inspire consumers to meet their individual W EE LL LL NN EE SS SS 22 00 22 55 health and wellness goals. We are experts, bui
Slide 4: 100 Years of expertise in Canada. Exportable Worldwide
JAMIESON WELLNESS TODAY 100 Years of expertise in Canada. Exportable Worldwide Established in 1922, Jamieson Wellness is the clear leader in the Canadian vitamin, mineral and supplement marketplace. • Rich VMS consumer insights rooted in a century of industry experience and a deep knowledge of the c
Slide 5: Decades of driving growth
Decades of driving growth $ 800 -$ 840 2025 REVENUE1 GUIDANCE $900,000 $733.8 2024 REVENUE1 $800,000 $676.2 2023 REVENUE1 5-year $700,000 CAGR 16.3% 2019–2024 $403.7 $600,000 2020 REVENUE1 2022 Acquired U.S. platform $500,000 (youtheory $300.6 brand) 10-year 2 0 2 5 2017 REVENUE1 CAGR 14.3% $400,000
Slide 6: Consistently delivering value
Consistently delivering value ADJUSTED EBITDA EARNINGS PER SHARE $157.0- $1.82 – $163.0 $1.93 $138.1 $141.0 $1.55 $1.61 $1.55 $123.8 $1.32 $100.1 $1.16 $88.0 2 0 2 5 W E L L N E S S J A M I E S O N 2020 2021 2022 2023 2024 2025E 2020 2021 2022 2023 2024 2025E 2025E based on company guidance given on
Slide 7: Consistently delivering value
Consistently delivering value SOLID GROWTH IN CASH FLOW FROM OPERATIONS ANNUAL DIVIDEND GROWTH $0.88 $100.0- $110.0 $0.80 $0.72 $81.5 $0.64 $77.6 $0.55 $71.7 2 0 2 5 $63.8 $0.47 $60.8 W E L L N E S S J A M I E S O N 2020 2021 2022 2023 2024 2025E 2020 2021 2022 2023 2024 2025E Cash Flow From Operati
Slide 8: Our growth is being propelled by a global health and wellness megatrend
Our growth is being propelled by a global health and wellness megatrend 3 2 0 2 5 Increasing Focus W E L L N E S S Aging Population on Health & Wellness Rising Disposable Informed Consumers & Younger New including Income in with more Access to Consumers GLP-1 trends Emerging Markets Information J A
Slide 9: Our brands meet consumers throughout their lifetime health and wellness journeys
Our brands meet consumers throughout their lifetime health and wellness journeys GLOBAL BRAND GLOBAL BRAND Highest quality supplements, backed Here for your health by science that are at every stage of life made for all of you 2 0 2 5 W E L L N E S S J A M I E S O N Fastest moving #1 consumer health
Slide 10: Our industry-leading commitment to quality
Our industry-leading commitment to quality W EE LL LL NN EE SS SS 22 00 22 45 360 M I I EE SS OO NN W All products Third-party Primary Canadian tablet Numerous manufacturing manufactured certifications such as and soft gel manufacturing certifications including Health JJ AA M according to “360 NSF a
Slide 11: We aspire to surpass $1B in net revenue
We aspire to surpass $1B in net revenue OUR PILLARS FOR GROWTH W EE LL LL NN EE SS SS 22 00 22 55 M I I EE SS OO NN W U.S.A. China Canada International JJ AA M 11
Slide 12: Win in the world's largest VMS market
Win in the world’s largest VMS market SIZE OF MARKET OUR FOCUS SYNERGY OPPORTUNITIES 40B+ • Quality-conscious consumers seeking Channel expansion in food, drug widely-accessible natural health solutions from a trusted brand and mass and ecommerce $ ¹ • Build a scaled presence with youtheory, an esta
Slide 13: Expand in the world's fastest-growing market
Expand in the world’s fastest-growing market SIZE OF MARKET OUR FOCUS TOP FIVE PURCHASE DRIVERS • Quality-conscious consumers seeking 30B+ widely-accessible natural health solutions Our brand delivers what the Chinese from a trusted brand consumer is asking for: $ • Continued growth in cross-border
Slide 14: Expand Leadership Position in Canada
Expand Leadership Position in Canada SIZE OF MARKET OUR FOCUS OPPORTUNITIES 2B+ • Quality-conscious consumers seeking Expanding household and widely-accessible natural health solutions category penetration through $ from a trusted brand ¹ innovation and education 2 0 2 5 • Expand on Jamieson’s leade
Slide 15: International excellence
International excellence 2025 GROWTH TARGET OUR FOCUS OPPORTUNITIES 20–30 % • Quality-conscious consumers seeking Investment in marketing and innovation + widely-accessible natural health solutions from a trusted brand Leverage strong distributor • Expansion in existing markets partnerships internat
Slide 16: Leveraging our assets
Leveraging our assets We engage in highly selective Strategic Partner manufacturing opportunities designed to: Broaden customer relationships Increase productivity and improve asset utilization W EE LL LL NN EE SS SS 22 00 22 55 Provide direct benefits to branded strategic initiatives M I I EE SS OO
Slide 17: Investing in a sustainable future
Investing in a sustainable future Recently disclosed climate commitments including 2030 a 50% reduction of Scope 1 & 2 emissions by 2030 and the development of a formal action plan to reach Net Zero by 2050 Diversity, equity and inclusion targets including fair 2025 representation of leadership and
Slide 18: Our platform for long-term value creation
Our platform for long-term value creation Megatrends & Consumer Insights 3 2 0 2 5 CANADA U.S.A. CHINA INTERNATIONAL W E L L N E S S Commercial & Operational Capabilities J A M I E S O N Focus: ROI, fiscal discipline, leverage driving margin improvement Sustainability, People, Values & Culture 18
Slide 19: Appendix
APPENDIX JJ AA M W EE LL LL NN EE SS SS 22 00 22 55 M I I EE SS OO NN W 19
Slide 20: Financial Performance: 2025 Guidance
Financial Performance: 2025 Guidance METRIC 2024 2025 TARGET RANGE GROWTH RATE Total Revenue $733.8 $800.0 – 840.0 9.0% - 14.5% Jamieson Brands Segment • Canada $333.1 $350.0 - $360.0 5.0% - 8.0% • U.S. (youtheory) $166.0 $174.0 - $191.0 5.0% - 15.0% • China $91.2 $114.0 – $123.0 25.0% - 35.0% 2 0 2
Slide 21: Summary Consolidated Financial Information
Summary Consolidated Financial Information Fiscal Year Ended December 31, ($ in millions, except as otherwise noted) 2024 2023 2022 2021 2020 Revenue 733.8 676.2 547.4 451.0 403.7 Cost of sales 458.2 442.6 349.0 288.6 258.9 Selling, general and administrative expenses 174.5 140.3 110.2 80.7 76.3 Sha
Slide 22: Summary Consolidated Financial Information
Summary Consolidated Financial Information Three Months Ended March 31, ($ in millions, except as otherwise noted) 2025 2024 % Change Revenue 146.0 128.0 14.0% Cost of sales 90.7 85.3 6.4% Gross profit margin 37.8% 33.4% 4.4% Selling, general and administrative expenses 49.6 39.5 25.4% Share-based c
Slide 23: Reconciliation of net income to EBITDA, adjusted EBITDA and adjusted net income
Reconciliation of net income to EBITDA, adjusted EBITDA and adjusted net income Three Months Ended Fiscal Year Ended March 31, December 31, ($ in millions, except as otherwise noted) 2025 2024 2023 2022 2021 2020 2019 2018 Net earnings (2.5) (3.7) 46.0 52.8 52.1 41.6 31.7 26.7 Provision for (recover
Slide 24: Investor Relations Contact
INVESTOR RELATIONS CONTACT: Ruth Winker rwinker@jamiesonlabs.com linkedin.com/company/jamiesonwellness twitter.com/JWEL_Canada 2 0 2 5 W E L L N E S S J A M I E S O N 24