Slide 1: Fiscal Year 2023 Fourth Quarter and Year-End Results
5 1 6 4 8 3 2 7 Fiscal Year 2023 Fourth Quarter and Year-End Results June 9, 2023 2022 2023 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 contains 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 objecti
Slide 3: FY23 Highlights
FY23 Highlights Strong turnaround year and a return to Higher year-over-year adjusted EBITDA1 Strong underlying demand from our growth for our business with strong year- led by significant improvement in the USA consumers and price elasticities held over-year revenue, net earnings, and Sector and so
Slide 4: FY23 Saputo Promise
SELECTED HIGHLIGHTS FY23 Saputo Promise OUR PEOPLE RESPONSIBLE SOURCING Maintained our efforts towards Maintained our efforts to retain Launched our Sustainable Agriculture Policy which defines our target of having 30% of our talent in a challenging labour the sustainability standards we want to ach
Slide 5: Revised Strategic Plan Reflects Changing Environment
Revised Strategic Plan Reflects Changing Environment NETWORK OPTIMIZATION & CAPITAL INVESTMENTS (Adjusted EBITDA1) (Adjusted EBITDA1) • Streamline and optimize asset footprint • Capital and operational investments • Enhance manufacturing network to improve output, margin, utilization rates, and serv
Slide 6: USA Sector Strategic Initiatives and Key Projects
USA Sector Strategic Initiatives and Key Projects Q4 Q1 FY2023 FY2024 FY2025 Mozzarella Cheese Modernization Current initiatives expected to deliver String Cheese Expansion approximately $195 million in Goat Cheese Revitalization adjusted EBITDA Cheese Cut & Pack Modernization (Expected project comp
Slide 7: Assumptions Underpinning Our FY2025 Adjusted EBITDA Target
Assumptions Underpinning Our FY2025 Adjusted 1 EBITDA Target STRENGTHEN THE CORE STRATEGIC INITIATIVES NETWORK BUSINESS OPTIMIZATION FY2025 TARGET ASSUMPTIONS • No significant deterioration in macroeconomic Current Operating Environment conditions • Ability to cover incremental inflationary cost Pos
Slide 8: Q4-FY23 Consolidated Results
Q4-FY23 Consolidated FINANCIAL HIGHLIGHTS • Net earnings totalled $159 million and EPS (basic and diluted) were $0.38, up Results from $37 million and $0.09. • Adjusted net earnings1 totalled $196 million, up from $108 million, and adjusted EPS1 (basic and diluted) were $0.47, up from $0.26. For the
Slide 9: Canada Sector
HIGHLIGHTS BY SECTOR Canada Sector For the quarter ended March 31, 2023 (in millions of CDN dollars) Q4-FY23 vs. Q3-FY23 vs. Q4-FY22 Revenues 1,156 (5%) 10% Adjusted EBITDA 134 (10%) 15% Adjusted EBITDA margin 11.6% Year-over-year results improved despite an ongoing challenging labour environment an
Slide 10: USA Sector
HIGHLIGHTS BY SECTOR USA Sector For the quarter ended March 31, 2023 (in millions of CDN dollars) Q4-FY23 vs. Q3-FY23 vs. Q4-FY22 Revenues 2,062 (5%) 18% Adjusted EBITDA 143 (2%) 240% Adjusted EBITDA margin 6.9% Results significantly improved as compared to a very challenging fourth quarter in the p
Slide 11: International Sector
HIGHLIGHTS BY SECTOR International Sector For the quarter ended March 31, 2023 (in millions of CDN dollars) Q4-FY23 vs. Q3-FY23 vs. Q4-FY22 Revenues 963 5% 4% Adjusted EBITDA 84 (24%) 35% Adjusted EBITDA margin 8.7% Pricing initiatives undertaken in the domestic markets were sufficient to mitigate i
Slide 12: Europe Sector
HIGHLIGHTS BY SECTOR Europe Sector For the quarter ended March 31, 2023 (in millions of CDN dollars) Q4-FY23 vs. Q3-FY23 vs. Q4-FY22 Revenues 287 1% 21% Adjusted EBITDA 31 (21%) (21%) Adjusted EBITDA margin 10.8% Pricing initiatives continued to mitigate the higher cost of milk as raw material and o
Slide 13: FY24 Outlook
• We expect the carry over impact of price increases, additional capacity and capabilities, cost containment and efficiency initiatives, new product innovations, investments in our brands, and advertising to drive organic growth. • We expect inflation on our overall input costs to moderate but to re
Slide 14: Fiscal 2024 First Quarter Results
Fiscal 2024 First Quarter Results August 11, 2023 2022 2023 Saputo Saputo Inc.Inc. andand affiliates. affiliates. All rights All rights reserved. reserved.
Slide 15: Appendix
Appendix ' rs oN 4
Slide 16: Quarterly Financial Information by Sector
Quarterly Financial Information by Sector Fiscal years 2023 2022 (in millions of CDN dollars) Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Revenues Canada 1,156 1,213 1,185 1,142 1,055 1,112 1,081 1,033 USA 2,062 2,172 2,062 2,043 1,743 1,627 1,533 1,506 International 963 917 989 916 922 919 858 754 Europe 287 285 225 2
Slide 17: 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