Dole plc · NYSE:DOLE
Dole — Investor Presentation (November 2025)
32 slides from Dole's investor presentation, November 2025
Slide 1: Investor Presentation November 2025
INVESTOR PRESENTATION November, 2025
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements that reflect Dole looking statements speak only as of the date on which such statements are plc’s current views with respect to future events, financial performance, made, and we do not undertake any obligation to update any forward- e
Slide 3: Dole plc: A Compelling Investment Case
Dole plc: A Compelling Investment Case 1) The global leader in fresh produce 2) Diversified revenue streams and category leadership 3) Valuable and strategic asset base 4) Extensive global sourcing network 5) Iconic brand with strong consumer awareness 38% FRESH FRUIT 6) Focus on innovation and cate
Slide 4: The Global Leader in Fresh Produce
1 The Global Leader in Fresh Produce A sector with accelerating structural tailwinds driven by Health & Wellness mega trend Revenue, $’bn ✓ Global fresh produce growth is expected to accelerate driven by consumer trends towards health & wellness ✓ Consumers are becoming more conscious of the nutriti
Slide 5: Diversified Product Portfolio and Routes to Market
2 Diversified Product Portfolio and Routes to Market Highly Diversified Product and Service Offering, and Customer Base SALES BY CATEGORY * SALES BY SEGMENT 5% Bananas 12% Pineapples Plantains 7% Melons 35% Deciduous Citrus 8% SALES BY CHANNEL Stone Fruit Berries 2% 1% 6% 5% Exotics Retail Wholesale
Slide 6: Leadership Positions and Focus on Key Categories
2 Leadership Positions and Focus on Key Categories LEADERSHIP POSITIONS OTHER KEY CATEGORIES Organics Bananas Berries 14.2% 6.2% Bananas Pineapples Grapes #1 In North #2 In North Plantains Avocados America America #1 Global 7.1% 0.2% Exporter #1 #2 In Europe In Europe Mangos Kiwis LTM US Volume Grow
Slide 7: Highly Valuable Strategic Asset Base
3 Highly Valuable Strategic Asset Base • Extensive infrastructure and strategic asset base provides superior control over the supply chain • 250+ facilities including ~160 marketplace and distribution operations, ~75 pack houses, cold storage, and ripening facilities • Fleet of 13 vessels: 9 refrige
Slide 8: Deep Sourcing Network: Year-Round Product Availability
4 Deep Sourcing Network: Year-Round Product Availability Multi-continental sourcing model utilizing own production capabilities and strong supplier relationships THE AMERICAS EUROPE AFRICA REST OF THE WORLD OWN PRODUCTION 3RD PARTY SOURCE TOP 10 3RD PARTY SOURCE 8
Slide 9: Deep Sourcing Network: Own Production
4 Deep Sourcing Network: Own Production 110,000 acres of own production, primarily in key sourcing countries across Central & South America, as well as Europe and Africa 9
Slide 10: Our Tropical Produce Shipping Network
4 Our Tropical Produce Shipping Network Fleet of vessels operated specifically for shipping of tropical produce 13 owned vessels; 1 on charter 1) 2) The Europe service comprises 4 vessels owned by Dole and 1 vessel on charter Represents one way time duration 10
Slide 11: An Iconic Brand with Industry Leading Customer Awareness
5 An Iconic Brand with Industry Leading Customer Awareness Most recognized and trusted fresh fruit and vegetable brand in the U.S. (3) Base: n=1.000 persons ranked acc. to logo aided awareness 3. Source: Ipsos, 2024 11
Slide 12: Focus on Innovation and Category Expansion
6 Focus on Innovation and Category Expansion Utilizing consumer insights and strategic partnerships to drive new product development and innovation 12
Slide 13: Positioned for Sustainable Growth
7 Positioned for Sustainable Growth Strong operating financial profile and balance sheet strength KEY FINANCIAL METRICS (FY’24) (3) 9,000 410 400 392 $121m $1.27 390 8,500 385 380 $392m ADJUSTED ADJUSTED NET ADJUSTED 370 EBITDA INCOME DILUTED EPS $’m 360 360 8,000 8,475 350 8,245 340 8,024 330 7,500
Slide 14: Disciplined Allocator of Capital
7 Disciplined Allocator of Capital Investing for growth while maintaining a disciplined approach to capital allocation Net Leverage ROUTINE • Annual routine capital CAPITAL expenditure in line with annual 2.8x EXPENDITURE depreciation charge 2.1x 1.6x FY'22 FY'23 FY'24 • Allocate capital to high ret
Slide 15: Development Expenditure Pipeline
7 Development Expenditure Pipeline Areas of investment focus Own Production Packaging, Handling, Ripening ▪ Increase control of own ▪ Investments across production of tropical operations, e.g. produce ➢ Cherry packing – Chile ▪ Further partnerships with ➢ Ripening – France, Spain diversified produce
Slide 16: Our Segments
OUR SEGMENTS
Slide 17: Our Operating Segments
Our Operating Segments Fresh Fruit 20% DIVERSIFIED • Market-leading and vertically-integrated producer and distributor 2024 AMERICAS 38% of bananas, pineapples, plantains and other tropical produce SEGMENT FRESH FRUIT • Products sourced from local growers and Dole-owned farms REVENUE • Key sales mar
Slide 18: Fresh Fruit
Fresh Fruit Vertical Integration: Control of the Supply Chain ✓ Largest global banana and pineapple company ✓ ~150m boxes of bananas & ~30m boxes of pineapples sold annually ✓ Tropical produce range includes organics, plantains, mangoes and dragon fruit ✓ Fleet of 13 vessels operated specifically fo
Slide 19: Diversified Fresh Produce - EMEA
Diversified Fresh Produce - EMEA Our Marketplace Operations ✓ Leading European fresh produce distributor & marketer ✓ Diverse customer and produce portfolio across all channels ✓ Network of 100+ sales, sourcing and warehousing operations in strategic locations ✓ Modern warehousing solutions in all o
Slide 20: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce Americas & ROW ✓ Leading grower, distributor, and marketer of fresh produce Our Marketplace Operations ✓ Marketing globally and locally sourced fresh produce from third party growers as well as Dole owned farms ✓ ~5,000 acres of own production for products such as Grapes, B
Slide 21: Financial Review
FINANCIAL REVIEW
Slide 22: Historical Financial Performance
Historical Financial Performance Revenue by Segment - $’m Adjusted EBITDA by Segment - $’m CAGR: 4.9% CAGR: 2.4% 8,245 8,475 387 385 392 8,005 8,024 7,702 360 46 53 43 1,686 324 1,800 44 1,779 1,966 1,713 54 134 132 129 111 3,609 3,433 103 3,263 3,438 3,153 206 206 209 215 3,136 3,294 168 2,796 2,87
Slide 23: Segment Results – YTD'25
Segment Results – YTD’25 $’m Nine Months Ending September 30, 2025 Adjusted EBITDA Revenue Adjusted EBITDA Margin Fresh Fruit 2,741 +10.8% 163.2 -10.8% 6.0% Diversified Fresh Produce – EMEA 2,990 +10.9% 117.4 +18.5% 3.9% Diversified Fresh Produce – Americas & ROW 1,170 -4.4% 42.1 +18.2% 3.6% Interse
Slide 24: Capital Additions and Free Cash Flow
Capital Additions and Free Cash Flow Capital Additions - $’m Free Cash Flow - $’m Expansion of fleet: two vessels added by way 136 of finance lease 238 221 180 53 86 87 9 324 299 263 86 78 82 -86 -78 -82 2022A 2023A 2024A 2022A 2023A 2024A Cash Capex Finance Lease Additions Operating Cash Flow Cash
Slide 25: FY'25 Outlook
FY’25 Outlook Outlook as of November 10, 2025 Adjusted EBITDA Routine Capex Interest Expense Continuing Operations Continuing Operations Targeting upper end of $380-$390m ~ $85m* ~$67m range Prior guidance: ~$100m No change Prior guidance: ~$380 - $390m * Excludes c. $25m of expected investments in
Slide 26: Appendix: Non-GAAP Measures and Reconciliations
Appendix Non-GAAP Measures and Reconciliations
Slide 27: Non-GAAP Measures
Non-GAAP Measures Dole plc’s results are determined in accordance with U.S. GAAP. In addition to its results under U.S. GAAP, in refinancing expenses; and (8) the Company’s share of these items from equity method investments. this presentation, we also present Dole plc’s Adjusted EBIT, Adjusted EBIT
Slide 28: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation RECONCILIATION FROM NET INCOME TO ADJUSTED EBITDA - UNAUDITED Three Months Ended Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 (U.S. Dollars in thousands) Net income (Reported GAAP) $13,825 $21,515 $75,973 $175,016 Loss (
Slide 29: Adjusted EBITDA Reconciliation – FY'24 and FY'23
Adjusted EBITDA Reconciliation – FY’24 and FY’23 RECONCILIATION FROM NET INCOME TO ADJUSTED EBITDA Twelve Months Ended December 31, 2024 December 31, 2023 Net income (Reported GAAP) $143,419 $155,709 Loss from discontinued operations, net of income taxes 28,880 21,818 Income from continuing operatio
Slide 30: Adjusted Net Income Reconciliation
Adjusted Net Income Reconciliation RECONCILIATION FROM NET INCOME ATTRIBUTABLE TO DOLE PLC SHAREHOLDERS TO ADJUSTED NET INCOME – UNAUDITED Three Months Ended Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 (U.S. Dollars in thousands, except per share amo
Slide 31: Adjusted Net Income Reconciliation – FY'24 and FY'23
Adjusted Net Income Reconciliation – FY’24 and FY’23 RECONCILIATION FROM NET INCOME ATTRIBUTABLE TO DOLE PLC SHAREHOLDERS TO ADJUSTED NET INCOME Twelve Months Ended December 31, 2024 December 31, 2023 Net income attributable to Dole plc (Reported GAAP) $125,513 $124,063 Loss from discontinued operat
Slide 32: Thank You
THANK YOU james.oregan@doleplc.com