Slide 1: Fiscal Year 2024 Third Quarter
5 1 6 4 8 3 2 7 Fiscal Year 2024 Third Quarter February 9, 2024 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: Q3 FY24 Highlights
Q3 FY24 Highlights • Dynamic macroeconomic environment • Volatile global dairy commodity markets and a challenged consumer remaining persistent themes • Higher sales volumes in both domestic and export markets • Continued focus on strategic priorities and progression of major capital projects • Stro
Slide 4: Q3-FY24 Consolidated Results
Q3-FY24 Consolidated FINANCIAL HIGHLIGHTS • Net cash generated from operating activities amounted to $388 million, up from Results $134 million. • A non-cash goodwill impairment charge of $265 million was recorded in relation to the Dairy Division (Australia). For the quarter ended December 31, 2023
Slide 5: Canada Sector
HIGHLIGHTS BY SECTOR Canada Sector For the quarter ended December 31, 2023 (in millions of CDN dollars) Q3-FY24 vs. Q3-FY23 Revenues 1,271 5% Adjusted EBITDA 150 1% Adjusted EBITDA margin 11.8% Our ongoing cost containment measures implemented to minimize the effect of inflation, along with lower lo
Slide 6: USA Sector
HIGHLIGHTS BY SECTOR USA Sector For the quarter ended December 31, 2023 (in millions of CDN dollars) Q3-FY24 vs. Q3-FY23 Revenues 2,056 (5%) Adjusted EBITDA 133 (9%) Adjusted EBITDA margin 6.5% Results were positively impacted by operational improvements as well as by higher domestic sales volumes a
Slide 7: International Sector
HIGHLIGHTS BY SECTOR International Sector For the quarter ended December 31, 2023 (in millions of CDN dollars) Q3-FY24 vs. Q3-FY23 Revenues 636 (31%) Adjusted EBITDA 85 (23%) Adjusted EBITDA margin 13.4% The conversion of the functional currencies used in the International Sector to the Canadian dol
Slide 8: Europe Sector
HIGHLIGHTS BY SECTOR Europe Sector For the quarter ended December 31, 2023 (in millions of CDN dollars) Q3-FY24 vs. Q3-FY23 Revenues 304 7% Adjusted EBITDA 2 (95%) Adjusted EBITDA margin 0.7% A significant driver of the lower results were the selling of inventory produced at higher milk prices throu
Slide 9: FY24 Outlook
• We expect to benefit from additional capacity and capabilities, cost containment and efficiency initiatives, new product innovations, and investments in our brands and advertising. • We will continue to manage the current inflationary environment through our pricing protocols and cost containment
Slide 10: Fiscal 2024 Fourth Quarter and Fiscal Year 2024 Results
Fiscal 2024 Fourth Quarter and June 7, 2024 Fiscal Year 2024 Results 2022 2023 Saputo Saputo Inc.Inc. andand affiliates. affiliates. All rights All rights reserved. reserved.
Slide 11: Appendix
Appendix + re oye
Slide 12: Quarterly Financial Information by Sector
Quarterly Financial Information by Sector Fiscal years 2024 2023 2022 (in millions of CDN dollars) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Revenues Canada 1,271 1,248 1,211 1,156 1,213 1,185 1,142 1,055 USA 2,056 1,950 1,876 2,062 2,172 2,062 2,043 1,743 International 636 879 868 963 917 989 916 922 Europe 304 246
Slide 13: Investor Relations
Investor Relations Nicholas Estrela Director, Investor Relations Saputo Inc. 1000 de la Gauchetière Street West, Suite 2900 Montréal, QC Canada H3B 4W5 514-328-3117 nicholas.estrela@saputo.com www.saputo.com