Slide 1: Fresh Del Monte Produce Inc. Q3 2025 Earnings Presentation
Fresh Del Monte Produce Inc. Q3 2025 Earnings Presentation October 29, 2025 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. These statements include statements that are preceded by, followed by or include the words “believes”, “expects”, “anticipates”,
Slide 4: Agenda
Agenda • CEO Comments • Q3 2025 Financial Performance • Full-Year 2025 Outlook • Q&A 3
Slide 5: Q3 2025 – CEO Business Highlights
Q3 2025 – CEO Business Highlights • Strong execution across portfolio drove continued gross margin expansion in fresh and value-added products segment; pineapple program remains a standout. • Strategic portfolio actions: Signed agreement to divest Mann Packing to sharpen focus on higher-margin produ
Slide 6: Q3 2025 Financial Results
Q3 2025 Financial Results Q4 & FY 2024 Financial Results 5
Slide 7: Q3 2025 Financial Results
Q3 2025 Financial Results • Higher net sales in the banana and other products Adj. Operating Income* Net Sales and services business segments, driven by higher per unit banana selling prices, including the impact of tariff-related price adjustments in North America and $40M the favorable impact of f
Slide 8: Fresh and Value-Added Products
Fresh and Value-Added Products Net Sales: Net Sales: $611M • Lower per-unit selling prices in the avocado product line (industry oversupply) and reduced net sales in the fresh-cut vegetable product line following Q4 2024 strategic actions. • Partially offset by higher sales volume and per-unit selli
Slide 9: Banana
Banana Net Sales: Net Sales: $358M • Higher per-unit selling prices across all regions, favorable Euro exchange rates and tariff-related adjustments in North America; Middle East sales volume rebounded after prior-year Red Sea disruptions. • Partially offset by lower sales volume in Asia and North A
Slide 10: Other Products & Services
Other Products & Services Net Sales: Net Sales: $53M • Higher net sales in the third-party freight business. • Partially offset by lower per-unit selling prices in the poultry and meats business. Gross Profit: $8M / Gross Profit Margin: 14.8% Gross Profit: • Lower net sales and higher production cos
Slide 11: Q3 2025 Selected Financial Data
` Q3 2025 Selected Financial Data 10
Slide 12: Q3 2025 Selected Financial Results
Q3 2025 Selected Financial Results Net Cash Provided by Operating Activities Capital Spending $234M $36M Long-Term Debt Dividend $173M Declared $0.30/share Adj. Leverage Ratio* Share Repurchase Program 0.33x 201,514 shares / $7.2M *Non-GAAP financial measure. Reconciliations and other information re
Slide 13: Financial Outlook For Full-Year 2025
Financial Outlook For Full-Year 2025 12
Slide 14: Q&A Key Challenges and Financial Outlook
Q &A Key Challenges and Financial Outlook 13
Slide 15: Appendix: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations 14
Slide 16: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures Third Quarter 2025 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 17: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 16
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 21
Slide 23: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures
Slide 24: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures