Slide 1: Q1 2026 Earnings Presentation
FRESH DEL MONTE PRODUCE INC. Q1 2026 EARNINGS PRESENTATION – May 5, 2026 0
Slide 2: Meet Our Speakers
Meet Our Speakers Mohammad Monica Abu-Ghazaleh Vicente Chairman & CEO Chief Financial Officer 1
Slide 3: Forward-Looking Statement
Forward-Looking Statement This presentation and the related earnings call contain certain forward-looking statements regarding the intent, beliefs or current expectations of the Company. These statements include statements that are preceded by, followed by or include the words “believes”, “expects”,
Slide 4: Agenda
Agenda • Chairman & CEO Comments • Q12026 Financial Performance • 2026 Outlook • Q&A 3
Slide 5: Chairman & CEO Business Highlights
Chairman & CEO Business Highlights • Del Monte Foods Acquisition Closed-Uniting Brand and Platform. We reached a major milestone with the closing of the Del Monte Foods transaction, reuniting the brand under a single owner for the first time in nearly 40 years • Early Ownership Performance Encouragi
Slide 6: Q1 2026 Financial Results
Q1 2026 Financial Q4 & FYResults 2024 Financial Results 5
Slide 7: Q1 2026 Financial Results
Q1 2026 Financial Results Adj. Operating Income* Net Sales • Lower net sales primarily due to strategic reductions. $40M $1.04B • Lower per-unit selling prices in the avocado product line due to industry-wide oversupply. Adj. FDP Net Income* • Partially offset by acquisition of Del Monte Foods. Adj.
Slide 8: Fresh and Value-Added Products
Fresh and Value-Added Products Net Sales: $549M NET SALES: • Lower net sales from fresh and fresh-cut vegetable product lines due to divestiture and portfolio optimization. • Lower per-unit selling prices in the avocado product line. • Higher per-unit selling prices in the pineapple product line and
Slide 9: Banana
Banana Net Sales: $357M NET SALES: • Lower sales volume in Asia from supplier changes. • Lower North America volume from soft demand and adverse weather. • Higher per-unit selling prices and favorable euro exchange impact. Gross Profit: $16M / Gross Margin: 4.6% • Higher per-unit production and proc
Slide 10: Prepared Foods
Prepared Foods Net Sales: $83M NET SALES: • Higher due to Del Monte Foods acquisition, closed late March 2026. • Lower Europe net sales from supply availability constraints in the canned pineapple product line. Gross Profit: $9M / Gross Margin: 10.8% • Higher per-unit production and distribution cos
Slide 11: Other Products & Services
Other Products & Services NET SALES: Net Sales: $56M • Higher net sales in the third-party freight business. • Lower net sales in the poultry and meats business. Gross Profit: $4M / Gross Profit Margin: 6.8% • Lower pre-unit selling prices in poultry and meats business. GROSS PROFIT: 10 *Financial R
Slide 12: Selected Financial Data
Selected Financial Data ` 11
Slide 13: Q1 2026 Selected Financial Results
Q1 2026 Selected Financial Results Net Cash Provided by Operating Activities Capital Spending $44M $14M Long-Term Debt Dividend $438M Declared $0.30/share Adj. Leverage Ratio* Share Repurchase Program 1.42x 100,000 shares / $4M *Non-GAAP financial measure. Reconciliations and other information requi
Slide 14: Financial Outlook For 2026
Financial Outlook For 2026 13
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Slide 16: Appendix: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations 15
Slide 17: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures First Quarter 2026 The Company's results are determined in accordance with U.S. generally accepted accounting principles (GAAP). Certain information presented reflects adjustments to GAAP measures that are r
Slide 18: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 17
Slide 19: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 18
Slide 20: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 19
Slide 21: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 20
Slide 22: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures (U.S. dollars in millions) - Unaudited Trailing Twelve Months Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2026* Net income (loss) attributable to Fresh Del Monte Produce Inc. $ 56.8 $ (29.1) $ 31.9 $ 10.0 $ 69.6 Inte
Slide 23: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures