Slide 1: Fiscal Year 2023 Second Quarter Results
November 11, 2022 Fiscal Year 2023 Second Quarter Results 2022 2022 Saputo Saputo Inc.Inc. andand affiliates. affiliates. All rights All rights reserved. reserved.
Slide 2: Caution Regarding Forward-Looking Information
Caution Regarding Forward-Looking Information This presentation and accompanying oral presentation contain statements which are forward-looking statements within the meaning of applicable securities laws. These forward-looking statements include, among others, statements with respect to our objectiv
Slide 3: Q2-FY23 Highlights
Q2-FY23 Highlights • Strong growth across revenue, net earnings, adjusted EBITDA1 and adjusted EPS1 driven by efforts to mitigate inflation, efficiency and productivity initiatives and sustained consumer demand • Continued solid performances from the International Sector and Canada Sector and improv
Slide 4: The Saputo Promise
The Saputo Promise First Half Fiscal 2023 Highlights • Continued execution of our Environmental Pledges including: o Completing four additional capital projects aimed at reducing the water intensity of our operations. o Progress on our packaging initiatives, including increasing the recycled content
Slide 5: Q2-FY23 Consolidated Results
Q2-FY23 Consolidated FINANCIAL HIGHLIGHTS Results Continued solid performances in the International Sector and Canada Sector and improved results in the USA Sector. Increased revenues reflected: • Pricing initiatives implemented in all our sectors For the quarter ended September 30, 2022 • Higher av
Slide 6: Canada Sector
Q2-FY23 HIGHLIGHTS BY SECTOR Canada Sector For the quarter ended September 30, 2022 (in millions of CDN dollars) Q2-FY23 vs. Q1-FY23 vs. Q2-FY22 Revenues $1,185 4% 10% Adjusted EBITDA $136 $4 $12 Adjusted EBITDA margin 11.5% Continued to show improved year-over-year results despite challenging mar
Slide 7: USA Sector
Q2-FY23 HIGHLIGHTS BY SECTOR USA Sector For the quarter ended September 30, 2022 (in millions of CDN dollars) Q2-FY23 vs. Q1-FY23 vs. Q2-FY22 Revenues $2,062 1% 35% Adjusted EBITDA $102 $5 $35 Adjusted EBITDA margin 4.9% Further recovery despite ongoing challenging market conditions Benefits fro
Slide 8: International Sector
Q2-FY23 HIGHLIGHTS BY SECTOR International Sector For the quarter ended September 30, 2022 (in millions of CDN dollars) Q2-FY23 vs. Q1-FY23 vs. Q2-FY22 Revenues $989 8% 15% Adjusted EBITDA $97 $15 $41 Adjusted EBITDA margin 9.8% Favourable relation between international cheese and dairy ingredient
Slide 9: Europe Sector
Q2-FY23 HIGHLIGHTS BY SECTOR Europe Sector For the quarter ended September 30, 2022 (in millions of CDN dollars) Q2-FY23 vs. Q1-FY23 vs. Q2-FY22 Revenues $225 4% Adjusted EBITDA $34 $2 $2 Adjusted EBITDA margin 15.1% Pricing initiatives mitigated higher cost of milk as raw material and other input
Slide 10: Global Strategic Plan
RECENT ANNOUNCEMENTS Global Strategic Plan • Announced further consolidation initiatives intended to enhance our operational efficiency and strengthen our competitiveness in Australia. • Intention to permanently close our Maffra, Victoria, facility. • While the sites will remain operational, we will
Slide 11: FY23 Outlook
We anticipate that input and logistics costs, such as consumables, packaging, transportation, and fuel, which have been subject to ongoing inflationary pressures, will remain at elevated levels, but we expect strong pricing contribution across all sectors in line with price increases. We will implem
Slide 12: Fiscal Year 2023 Third Quarter Results February 9, 2023
Fiscal Year 2023 Third Quarter Results February 9, 2023 2022 2022 Saputo Saputo Inc.Inc. andand affiliates. affiliates. All rights All rights reserved. reserved.
Slide 13: Appendix
Appendix . rej oN i
Slide 14: Quarterly Financial Information by Sector
Quarterly Financial Information by Sector Fiscal years 2023 2022 2021 (in millions of CDN dollars) Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Revenues Canada 1,185 1,142 1,055 1,112 1,081 1,033 1,001 1,089 USA 2,062 2,043 1,743 1,627 1,533 1,506 1,399 1,657 International 989 916 922 919 858 754 827 807 Europe 225 226
Slide 15: Investor Relations
Investor Relations Nicholas Estrela Director, Investor Relations Saputo Inc. 6869 Métropolitain Blvd. East Montréal, QC Canada H1P 1X8 514-328-3117 nicholas.estrela@saputo.com www.saputo.com