Slide 1: Results Presentation Q2'25
Results Presentation Q2‘25
Slide 2: Disclaimer
Disclaimer Today’s presentation includes forward-looking statements that reflect looking statements speak only as of the date on which such statements are Dole plc’s current views with respect to future events, financial made, and we do not undertake any obligation to update any forward- performance
Slide 3: Q2'25 Highlights
Q2’25 Highlights
Slide 4: Q2'25 Highlights
Q2’25 Highlights • Very strong result delivered in Q2’25 • Increase in Revenue and Adjusted EBITDA on $2.4bn $137m $0.55 a reported and LFL basis (1) REVENUE ADJUSTED ADJUSTED EBITDA DILUTED EPS • Growth driven by strong performance across all segments • Adjusted Net Income and Adjusted Diluted +14%
Slide 5: Operational Review
Operational Review Q2’25
Slide 6: Fresh Fruit
Fresh Fruit • Strong performance, ahead of our expectations • In North America we saw strong volume growth in bananas, and pineapples as well as higher pricing • Profitability growth in North America constrained by higher sourcing and shipping costs • Strong quarter in Europe, driven by higher banan
Slide 7: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA • Very strong performance in second quarter • Strong revenue growth in key markets: Scandinavia, the U.K., Spain, Netherlands • Benefit of stronger Euro, SEK and GBP relative to USD for translation of results • Benefit of diversification – geographies and revenue chann
Slide 8: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce Americas & ROW • Excellent second quarter performance • Good growth in the North America market, particularly in kiwis, citrus and avocados • Good performance in Southern Hemisphere exports, particularly in apples and citrus • We believe our export business and operations i
Slide 9: Financial Review
Financial Review Q2’25
Slide 10: Group Results
Group Results Q2’25 Q2’24 H1’25 H1’24 Revenue - $’m 2,428 2,124 4,528 4,245 Income from Continuing Operations (3) - $’m 52.9 56.0 97.1 127.5 Net Income - $’m 18.0 88.1 62.1 153.5 Net Income attributable to Dole plc - $’m 10.0 80.1 48.9 150.3 Diluted EPS from Continuing Operations - $ 0.46 0.50 0.87
Slide 11: Segment Results
Segment Results $’m Q2’25 Q2’24 H1’25 H1’24 Adjusted Adjusted Adjusted Adjusted Revenue Revenue Revenue Revenue EBITDA EBITDA EBITDA EBITDA Fresh Fruit 972 72.7 851 70.6 1,851 136.1 1,676 140.0 Diversified Fresh Produce – EMEA 1,101 49.0 945 42.7 1,993 76.6 1,798 68.7 Diversified Fresh Produce – Ame
Slide 12: Fresh Fruit
Fresh Fruit REVENUE $’M +14.2% 851 972 YoY Q2'24 Q2'25 Q2’25 Review ▪ 14.2% increase in revenue, primarily due to higher worldwide volumes of bananas and pineapples sold, as well ADJUSTED EBITDA $’M as higher worldwide pricing of bananas, pineapples and plantains, partially offset by lower worldwide
Slide 13: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA REVENUE $’M +16.5% YoY 1,101 945 +11.4% LFL Q2’25 Review Q2'24 Q2'25 ▪ 16.5% increase in revenue primarily due to strong performance in the U.K., Spain, Scandinavia and the ADJUSTED EBITDA $’M Netherlands, as well as a favorable impact from FX, partially offset by a ne
Slide 14: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce AMERICAS & ROW REVENUE $’M +8.5% YoY 356 386 +8.8% LFL Q2’25 Review Q2'24 Q2'25 ▪ 8.5% increase in revenue, primarily due to revenue growth in most commodities sold in the North American market, driven by volume growth, as well as higher revenues in apples exported ADJUSTED
Slide 15: Capital Allocation and Net Leverage
Capital Allocation and Net Leverage CASH CAPEX (5) Continuing Operations Q2’25: $(19.4m) | H1’25: $(72.2m) NET DEBT & NET LEVERAGE (6) FREE CASH FLOW (6) Continuing Operations $’m Jun 30, 2025 Dec 31, 2024 Jun 30, 2024 Q2’25: $(1.0m) | H1’25 $(132.6m) Total Gross Debt (1,105.7) (967.1) (987.2) Cash
Slide 16: FY'25 Outlook & Strategic Priorities
FY’25 Outlook & Strategic Priorities
Slide 17: FY'25 Outlook
FY’25 Outlook Adjusted EBITDA Maintenance Capex Interest Expense Continuing Operations Continuing Operations ~$380 - $390m ~ $100m ~$67m Prior guidance: No change Prior guidance: At least $380m ~$70m 17
Slide 18: FY'25 Strategic Priorities
FY’25 Strategic Priorities Accelerating growth in core Investing for growth while maintaining a business areas and disciplined approach categories to capital allocation Advancing on our Exiting the Fresh sustainability goals Completed Vegetables and adapting to August 5, 2025 business regulatory cha
Slide 19: Q&A
Q&A
Slide 20: Appendix: Non-GAAP Measures and Reconciliations
Appendix Non-GAAP Measures and Reconciliations
Slide 21: 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 Last Twelve Months ("LTM") Adjusted EBITDA is calculated as Adjusted EBITDA, as defined above, for the last this presentation, we also present Dole plc’s Adjusted EBIT, Ad
Slide 22: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation RECONCILIATION FROM NET INCOME TO ADJUSTED EBITDA - UNAUDITED Three Months Ended Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 (U.S. Dollars in thousands) Net income (Reported GAAP) $17,989 $88,065 $62,148 $153,501 Loss (income) from disconti
Slide 23: 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 Six Months Ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 (U.S. Dollars in thousands, except per share amounts) Net income attr
Slide 24: Like for Like Analysis – Q2'25
Like for Like Analysis – Q2’25 Revenue for the Three Months Ended Impact of Foreign Impact of Like-for-like June 30, 2024 Currency Acquisitions and Increase June 30, 2025 Translation Divestitures (Decrease) (U.S. Dollars in thousands) Fresh Fruit $851,451 $348 $ - $120,792 $972,591 Diversified Fresh
Slide 25: Like for Like Analysis – H1'25
Like for Like Analysis – H1’25 Revenue for the Six Months Ended Impact of Foreign Impact of Like-for-like June 30, 2024 Currency Acquisitions and Increase June 30, 2025 Translation Divestitures (Decrease) (U.S. Dollars in thousands) Fresh Fruit $1,675,680 $311 $ - $174,745 $1,850,736 Diversified Fre
Slide 26: Thank you
Thank you james.oregan@doleplc.com