Maple Leaf Foods Inc. · TSX:MFI
Maple Leaf Foods — Q2 2026 Earnings Presentation
15 slides from Maple Leaf Foods's earnings presentation, Aug 12, 2026
Slide 1: Second Quarter 2026 Financial Results
Maple Leaf Foods Inc. Second Quarter 2026 Financial Results August 12, 2026
Slide 2: Forward-looking statements and non-IFRS metrics
Forward-looking statements and non-IFRS metrics Forward-Looking Information: This presentation contains “forward-looking information” within the meaning of applicable securities law. Forward-looking information can be generally identified by words such as “anticipate”, “expect”, “believe” “may”, “wi
Slide 3: Today's Key Messages
Disciplined execution continues to strengthen our business Today's Key Messages Second Quarter Highlights • Revenue grew for the seventh consecutive quarter1, increasing 1.6% to $1.02 billion • Adjusted EBITDA2 grew 4.8% to $137 million, driven by improved performance in both Prepared Foods and Poul
Slide 4: Q2 2026 Operational Highlights
Q2 2026 Operational Highlights Prepared Foods Poultry ~60% of Annual Sales ~40% of Annual Sales Prepared Foods delivered improved profitability Poultry delivered strong growth and improved Operating efficiencies and favourable mix drove Adjusted profitability EBITDA1 growth Operating efficiencie
Slide 5: Q2 & YTD 2026 Financial Results
Q2 & YTD 2026 Financial Results Q2 2026 Q2 2025 Delta YTD 2026 YTD 2025 Delta Sales1 $1,020.1 $1,004.2 1.6% $1,983.0 $1,910.9 3.8% Gross Profit1 $192.2 $187.4 2.5% $372.6 $341.6 9.1% SG&A1 $104.5 $99.6 4.9% $206.4 $202.7 1.8% SG&A as a % of Sales1 10.2% 9.9% 30 bps 10.4% 10.6% (20) bps Adjusted EBIT
Slide 6: A solid first half puts us on track to deliver our 2026 outlook
A solid first half puts us on track to deliver our 2026 outlook 2026 Guidance Key Drivers Q2 YTD Progress Mid-single-digit increase in • Driven by our proven growth platforms: Leading in Sustainable Revenue growth +3.8% Revenue from 2025 Meats, Building a portfolio of loved brands, Accelerating im
Slide 7: Key priorities for the second half support delivery of our 2026 outlook
Key priorities for the second half support delivery of our 2026 outlook Capitalizing on strong Delivering growth Growing distribution and velocity of consumer demand for Poultry in Prepared Foods Protein Snacking Innovation Platform Sustaining benefits of Fuel for Growth Accelerating Sustainable Mea
Slide 8: 2025 Integrated Report, advancing our purpose as most sustainable protein company
In June we released our 2025 Integrated Report, advancing our purpose to be the most sustainable protein company on Earth Better Food Better Care Better Planet 45% 100% of our facilities female representation certified to a GF S I in management roles benchmarked standard outside manufacturing 50 new
Slide 9: Learn more about Maple Leaf Foods
Learn more about Maple Leaf Foods @ www.mapleleaffoods.com/investors/ Company Strategic Overview (Select Slides from 2026 Investor Day) here Investor Day 2026 (Full Version) here Sustainability and Integrated Report here 9
Slide 10: Appendix
Appendix - Reconciliation of Non-IFRS Measures & Summary of Quarterly - Results for Maple Leaf Foods Continuing Operations 10
Slide 11: Reconciliation of non-IFRS measures – Adjusted Operating Earnings, Adjusted EBITDA and Margin
Reconciliation of non-IFRS measures – Adjusted Operating Earnings, Adjusted EBITDA and Adjusted EBITDA Margin Adjusted Operating Earnings, Adjusted EBITDA, Adjusted EBITDA Three months ended June 30, Six months ended June 30, Margin and Adjusted EBT are non-IFRS measures and ratios used ($ millions)
Slide 12: Reconciliation of non-IFRS measures – Adjusted Earnings & Adjusted Basic EPS
Reconciliation of non-IFRS measures – Adjusted Earnings & Adjusted Basic Earnings per Share Three months ended June 30, 2026 Three months ended June 30, 2025 Adjusted Earnings and Adjusted Basic Earnings per (Unaudited) (i)(ii) $ thousands per share $ thousands per share Share are non-IFRS measures
Slide 13: Reconciliation of non-IFRS measures – Free Cash Flow
Reconciliation of non-IFRS measures – Free Cash Flow Free Cash Flow, a non-IFRS measure, is used by ($ thousands) Three months ended June 30, Six months ended June 30, Management to evaluate cash flow after investing in (Unaudited) 2026 2025 2026 2025 the maintenance of the Company's asset base. It
Slide 14: Reconciliation of non-IFRS measures – Net Debt to Trailing Twelve Months Adjusted EBITDA
Reconciliation of non-IFRS measures – Net Debt and Net Debt to Trailing Twelve Months Adjusted EBITDA The table to the right reconciles Net Debt and Net Debt to ($ thousands) As at June 30, Trailing Twelve Months Adjusted EBITDA ratio to amounts (Unaudited) 2026 2025 reported under IFRS in the Compa
Slide 15: Summary of Quarterly Results – Continuing Operations
Summary of Quarterly Results – Maple Leaf Foods Continuing Operations ($ millions except earnings per share and margin) (Unaudited) Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Sales(i) $1,020.1 $962.9 $991.2 $1,010.5 $1,004.2 $906.7 $917.1 $935.5 $932.1 $8