Maple Leaf Foods Inc. · TSX:MFI
Maple Leaf Foods — Merger or Acquisition (July 2024)
17 slides from Maple Leaf Foods's merger presentation, Jul 9, 2024
Slide 1: Unlocking Value, Unleashing Potential
Unlocking Value, Unleashing Potential Transformative transaction to separate Maple Leaf Foods into two independent, public companies July 9, 2024
Slide 2: Forward-looking statements
Forward-looking statements This document contains, and the Company’s oral and written public communications often contain, “forward-looking information” within the meaning of applicable securities law. These statements are based on current expectations, estimates, projections, beliefs, judgements an
Slide 3: Maple Leaf Foods has established itself as an iconic, purpose-driven Canadian Food company
Maple Leaf Foods has established itself as an iconic, purpose-driven Canadian Food company 1995 2005 2010 2017 2017 2023 2024 FUTURE Foundation Building Era Transformation Era Investing for Ready to Unlock Future Growth Our Full Potential Structural Adjusted EBITDA Delivered 10% Adjusted Established
Slide 4: The next evolution of our Blueprint to Unlock Value
The next evolution of our Blueprint Maple Leaf Foods to Unlock Value as Purpose-Driven Consumer Packaged Goods Business with Plan to Spin Off its World-Leading Pork Company MAPLE LEAF FOODS — UNLOCKING VALUE, UNLEASHING POTENTIAL | JULY 2024 4
Slide 5: Two world-class companies accelerating into the next era of growth
Two world-class companies accelerating into the next era of growth The two independent public companies will each be unleashed with a sharper focus to execute their respective growth strategies and deliver on their uncompromising commitment to shared value creation • Maple Leaf Foods will realize
Slide 6: A clear path to unlocking value by separating into two independent companies
A clear path to unlocking value and unleashing potential by separating into two independent companies Maple Leaf Foods The new Pork Company Market Position Realizing our vision to be the most Sustainable Protein Company on An unleashed, world-leading organization producing sustainable meat the Earth
Slide 7: Maple Leaf Foods: a brand-led, protein-focused CPG company
Maple Leaf Foods: a brand-led, protein-focused Consumer Packaged Goods company with a vision to be the Most Sustainable Protein Company on Earth $3.6B(1) #1 1st Maple Leaf Foods Pro Forma Prepared Meats, Fresh Poultry, Halal Carbon Neutral LTM Revenue Poultry & Sustainable Meats Brands* Major Food C
Slide 8: Maple Leaf Foods: investment highlights
Maple Leaf Foods: investment highlights Poised to capitalize on the growing demand for protein Global protein consumption is projected to nearly double by 2050 due to a growing population, rising affluence, urbanization, aging demographics, and dietary shifts toward protein-rich foods. Our diver
Slide 9: The Blueprint will continue to serve as strategic compass
The Blueprint will continue to serve as Maple Leaf Foods’ strategic compass MAPLE LEAF FOODS — UNLOCKING VALUE, UNLEASHING POTENTIAL | JULY 2024 9
Slide 10: The new Pork Company: a global leader in sustainably produced, premium quality, value-added pork
The new Pork Company: a global leader in sustainably produced, premium quality, value-added pork products $1.7B(1) 93% Leading The new Pork Company Pro Forma LTM Of owned spaces Gestation Producer of Pork Raised Annual Sales Crate Free Without Antibiotics World-class hog processing Globally admired
Slide 11: The new Pork Company: investment highlights
The new Pork Company: investment highlights Capitalizing on global leadership in sustainably produced, premium value-added pork products Significant growth opportunity in domestic value-added items while driving growth in new markets through best-in- class high quality pork products. Established
Slide 12: Preliminary Pro Forma estimates
Preliminary Pro Forma estimates LTM LTM LTM LTM Maple Leaf Foods Pro Forma Pro Forma new Pork Pro Forma new Pork Company Consolidated Maple Leaf Foods* Company* in Normal Markets* Sales $4.9B ~$3.6B ~$1.7B Adj. EBITDA $469M ~$395M ~$70M ~$180M Adj. EBITDA Margin 9.7% ~11% ~4% ~10 - 11% * This is an
Slide 13: Next steps in the transformation of an iconic Canadian, purpose-driven company
Next steps in the transformation of an iconic Canadian, purpose-driven company Spin-off transaction to be completed as a Return of Capital(1) Prospectus to be filed to provide investors with detailed information on the new Pork Company business Shareholder approval to be sought and supported b
Slide 14: Unlocking value, unleashing potential
Unlocking value, unleashing potential Maple Leaf Foods Unlocking value: Two independent public companies, Realizing our vision to be the most each a leader in its field, accelerating purpose-driven Sustainable Protein Company on Earth, growth now as a more focused, purpose-driven CPG company positio
Slide 15: Unlocking Value, Unleashing Potential
Unlocking Value, Unleashing Potential Transformative transaction to separate Maple Leaf Foods into two independent, public companies July 9, 2024
Slide 16: Non-IFRS Measures and Management's Preliminary Estimates
Non-IFRS Measures and Management’s Preliminary Estimates Last twelve months ended March 31, 2024 (in millions of CAD) Consolidated Maple New Pork Company Maple Leaf Foods(1) Eliminations (unaudited) Leaf Foods Inc. Sales $1,652(2) $3,553(3) ($355)(4) $4,850(5) Adjusted EBITDA $72(6) $396(7) $- $469(
Slide 17: Non-IFRS Measures and Management's Preliminary Estimates (Notes Continued)
Non-IFRS Measures and Management’s Preliminary Estimates Notes Continued: 4 Primarily represents management’s preliminary estimate of sales from the new Pork Company to Maple Leaf Foods for the period presented. 5 Calculated by adding the previously reported results for the year ended December 31, 2