Dole plc · NYSE:DOLE
Dole — Investor Presentation (April 2025)
25 slides from Dole's investor presentation, April 2025
Slide 1: Investor Presentation April 2025
Investor Presentation April 2025
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements that reflect Dole plc’s undertake any obligation to update any forward-looking statement to reflect current views with respect to future events, financial performance, expected events or circumstances after the date on which such state
Slide 3: Dole plc Overview
Dole plc Overview
Slide 4: A Global Leader in Fresh Produce
A Global Leader in Fresh Produce We produce, market and distribute an extensive variety of fresh 2024 Revenue produce $8.5bn 2024 Our produce is sourced both locally and from around the world from our deep sourcing network Adjusted EBITDA Sales in over 85 countries, with North America and Europe 202
Slide 5: Highly Valuable Strategic Asset Base
Highly Valuable Strategic Asset Base • Total Asset Value: $4.4 billion • 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 •
Slide 6: Deep Sourcing Network: Year-Round Product Availability
Deep Sourcing Network: Year-Round Product Availability Multi-continental sourcing model utilizing own production capabilities and strong supplier relationships Presentation - April 2025 6
Slide 7: Diversified Revenue Streams and Leadership in Key Categories
Diversified Revenue Streams and Leadership in Key Categories Leadership Positions Sales by Category Bananas Pineapples Grapes Sales by Channel #1 in North #2 in North America America Global #1 exporter #1 in Europe #2 in Europe Presentation - April 2025 7
Slide 8: Multi-Faceted Strategy
Multi-Faceted Strategy FOR SUSTAINABLE LONG-TERM GROWTH Renewed focus Expand market on M&A in a penetration fragmented and across global footprint – “Grow growing market the Core” Expand Grow market share presence in faster from continued growing product innovation categories: and enhanced Avocados,
Slide 9: Our Segments
Our Segments 2024 ➢ Fresh Fruit SEGMENT REVENUE ▪ Market-leading and vertically-integrated producer and distributor of bananas, pineapples and plantains ▪ Products sourced from local growers and Dole-owned farms ▪ Key sales markets: North America and Europe ➢ Diversified Fresh Produce EMEA ▪ Include
Slide 10: Fresh Fruit
Fresh Fruit SEGMENT OVERVIEW BUSINESS MODEL ✓ Largest global banana and pineapple company • Vertically integrated model • Growing > Harvesting > Packing > Loading > Shipping > Ripening > ✓ ~140 million boxes of bananas and ~30 million boxes of pineapples sold Distribution > Marketing annually • Dive
Slide 11: Our Shipping Network
Our Shipping Network 1) The Europe service comprises 4 vessels owned by Dole and 1 vessel on charter 2) Represents one way time duration Presentation - April 2025 11
Slide 12: Diversified Fresh Produce - EMEA
Diversified Fresh Produce - EMEA SEGMENT OVERVIEW BUSINESS MODEL ✓ Industry leader in Europe, with a diverse customer portfolio across all • Primarily an asset light model sales channels • Sourcing > Handling > Packing > Distribution > Marketing ✓ Sell a wide variety of imported and local fresh frui
Slide 13: Our Marketplace Operations - EMEA
Our Marketplace Operations - EMEA • Network of 100+ sales, sourcing and warehousing operations in strategic locations • Modern warehousing solutions in all our key markets • Dedicated in house logistics companies in Scandinavia, Eastern Europe and South Africa • Up to date technologies including rob
Slide 14: Diversified Fresh Produce – Americas & ROW
Diversified Fresh Produce – Americas & ROW SEGMENT OVERVIEW BUSINESS MODEL ✓ Leading grower, distributor, and marketer of fresh produce with best-in- • Primarily an asset light model class sourcing and sales networks • Growing > Sourcing > Handling > Packing > Distribution > Marketing ✓ Marketing gl
Slide 15: Our Marketplace Operations – Americas & ROW
Our Marketplace Operations – Americas & ROW • Extensive sales and marketing capabilities throughout the Americas & ROW • Integrated supply chain: 25+ sales offices, 20+ packing plants, 10+ cold storage • Logistics expertise in North and South America • ~5,000 acres of own production for products suc
Slide 16: Discontinued Operations – Fresh Vegetables
Discontinued Operations – Fresh Vegetables SEGMENT OVERVIEW EXIT PROCESS ✓ A leader in Fresh Packed Vegetables and Value-Added Salads in the U.S. • On March 28, 2024, we announced the termination of the agreement to ✓ 4 salad manufacturing plants and other strategic assets in the U.S. sell the Fresh
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Slide 18: FY’24 Key Developments
FY’24 Key Developments Continued good momentum across the Group in 2024 Delivered organic growth in our core business areas and categories Full year financial result exceeded guidance Sale of equity interest in Progressive Produce generated $100 million in net proceeds; used for debt repayment Expan
Slide 19: FY’24 Financial Highlights
FY’24 Financial Highlights ▪ Strong result delivered in FY’24, ahead of guidance Revenue ▪ Revenue, Adjusted EBITDA and Adjusted Diluted EPS FY'24 FY'23 Variance Variance LFL(1) growth: $8,475m $8,245m +2.8% +6.7% ➢ Revenue +2.8% and +6.7% on a LFL basis(1) Adjusted EBITDA(2) ➢ Adjusted EBITDA(2) +1
Slide 20: Segment Results – Continuing Operations
Segment Results – Continuing Operations $’m FY’24 FY'23 FY’22 Adjusted Adjusted Adjusted Revenue EBITDA Revenue EBITDA Revenue EBITDA Fresh Fruit 3,293 214.8 3,136 208.9 3,047 205.5 Diversified Fresh Produce – EMEA 3,609 131.5 3,433 133.6 3,153 111.1 Diversified Fresh Produce – Americas & ROW 1,686
Slide 21: Capital Allocation and Net Leverage
Capital Allocation and Net Leverage NET DEBT $’m FY’24 FY’23 CASH CAPEX (1) FY’24: $82.4m Continuing Operations Total Gross Bank Debt (893.1) (1,060.7) Finance Lease Obligations (74.0) (33.2) Total Gross Debt (967.1) (1,093.9) Cash and Cash Equivalents 330.0 275.6 Net Debt (Non-GAAP) (637.1) (818.3)
Slide 22: FY’25 Outlook And Strategic Priorities
FY’25 Outlook And Strategic Priorities
Slide 23: FY’25 Outlook
FY’25 Outlook Outlook as of February 26, 2025 FY’25 Adjusted EBITDA ~$370 - $380 million Continuing operations 15.7917 in Maintenance Capital Expenditure ~ $100 million Continuing operations Interest expense ~ $70 million Presentation - April 2025 23
Slide 24: FY’25 Strategic Priorities
FY’25 Strategic Priorities Accelerating Investing for Exiting the Focusing on Advancing on growth in core growth while Fresh cost control our business areas maintaining a Vegetables and operating sustainability and categories disciplined business efficiencies goals and approach to across our adaptin
Slide 25: Contact
Contact: james.oregan@doleplc.com