Saputo Inc. · TSX:SAP
Saputo — Q1 FY2023 Earnings Presentation
15 slides from Saputo's earnings presentation, Aug 4, 2022
Slide 1: Fiscal Year 2023 First Quarter Results
August 4, 2022 Fiscal Year 2023 First Quarter Results 2022 2022 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: Q1-FY23 Highlights
Q1-FY23 Highlights • Strong year-over-year and quarter-over-quarter adjusted EBITDA1 performance • Solid results from our Canada Sector and International Sector, as well as a recovery in the USA Sector • Pricing momentum across all sectors • Higher international cheese and dairy ingredient market pr
Slide 4: Global Strategic Plan
RECENT ANNOUNCEMENTS Optimize Global Strategic Plan and enhance operations USA SECTOR Starting in Q2-FY23 Conversion of the mozzarella cheese manufacturing facility in Reedsburg, Wisconsin to a goat cheese manufacturing plant to increase capacity, expand position in growing specialty cheese catego
Slide 5: The Saputo Promise
The Saputo Promise We seek to create shared value for all our stakeholders 2022 Saputo Promise Report published today Completed first three-year plan Ensures we manage ESG risks and opportunities successfully across our operations globally Food Quality Our Business Responsible Environment Nutrition
Slide 6: Q1-FY23 Consolidated Results
Q1-FY23 Consolidated Results For the quarter ended June 30, 2022 FINANCIAL HIGHLIGHTS Pricing initiatives implemented across all our sectors mitigated ongoing inflationary pressures REVENUES ADJUSTED EBITDA1 Higher international cheese and dairy ingredient market prices were favourable $4.327B $347M
Slide 7: Canada Sector
Q1-FY23 HIGHLIGHTS BY SECTOR Canada Sector For the quarter ended June 30, 2022 (in millions of CDN dollars) Q1-FY23 vs. Q4-FY22 vs. Q1-FY22 Revenues $1,142 8% 11% Adjusted EBITDA $132 $15 $19 Adjusted EBITDA margin 11.6% Continued to show improved year-over-year results despite challenging market
Slide 8: USA Sector
Q1-FY23 HIGHLIGHTS BY SECTOR USA Sector For the quarter ended June 30, 2022 (in millions of CDN dollars) Q1-FY23 vs. Q4-FY22 vs. Q1-FY22 Revenues $2,043 17% 36% Adjusted EBITDA $97 $55 $1 Adjusted EBITDA margin 4.7% Improved results despite ongoing challenging market conditions Benefits from pre
Slide 9: International Sector
Q1-FY23 HIGHLIGHTS BY SECTOR International Sector For the quarter ended June 30, 2022 (in millions of CDN dollars) Q1-FY23 vs. Q4-FY22 vs. Q1-FY22 Revenues $916 1% 22% Adjusted EBITDA $82 $20 $37 Adjusted EBITDA margin 9.0% Higher export and domestic sales volumes Favourable relation between int
Slide 10: Europe Sector
Q1-FY23 HIGHLIGHTS BY SECTOR Europe Sector For the quarter ended June 30, 2022 (in millions of CDN dollars) Q1-FY23 vs. Q4-FY22 vs. Q1-FY22 Revenues $226 5% 16% Adjusted EBITDA $36 $3 Adjusted EBITDA margin 15.9% Pricing initiatives mitigated higher cost of milk as raw material and other input cos
Slide 11: FY23 Outlook
Input and logistics costs will remain at elevated levels, but strong pricing contribution expected across all Sectors; further price increases expected if cost inflation persists Labour and operational initiatives expected to improve our ability to service customers and return to historical order fi
Slide 12: Fiscal Year 2023 Second Quarter Results November 10, 2022
Fiscal Year 2023 Second Quarter Results November 10, 2022 2022 2022 Saputo Saputo Inc.Inc. andand affiliates. affiliates. All rights All rights reserved. reserved.
Slide 13: Appendix
Appendix . rej oN i
Slide 14: Quarterly Financial Information by Sector
Quarterly Financial Information by Sector Fiscal years 2023 2022 2021 (in millions of CDN dollars) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Revenues Canada 1,142 1,055 1,112 1,081 1,033 1,001 1,089 1,063 USA 2,043 1,743 1,627 1,533 1,506 1,399 1,657 1,649 International 916 922 919 858 754 827 807 806 Europe 226 237
Slide 15: 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