Slide 1: Investor Presentation
Investor Presentation September 2026
Slide 2: Disclaimer
Disclaimer This presentation is not intended to form the basis of any investment decision and should not be considered as a recommendation by Premium Brands Holdings Corporation (the “Company”) or any other person in relation to the Company’s business or the securities of the Company. This presentat
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains forward looking statements with respect to the Company, including, without limitation, statements regarding its business operations, strategy and financial performance and condition, acquisition opportunities, capital projects and plans, outlook
Slide 4: Company Profile
Company Profile 2004 2019 2024 2025 2026P Revenue $0.2b $3.6b $6.4b $7.3b $9.1b - $9.3b Adjusted EBITDA $14.1m $307.3m $590.5m $658.3m $840m - $870m Business platforms 2 6 6 6 6 Geographic reach Western Canada North America North America North America North America Operating facilities 8 7
Slide 5: Our Vision
Our Vision To invest in specialty food businesses featuring: • Entrepreneurial cultures • Great tasting foods made with wholesome ingredients • A passion for both their local communities and what is best for our planet 5 A New A New Food Food Order Order 5 5
Slide 6: Share Price History
Share Price History (in dollars) 4500.00 8.00 4000.00 7.00 3500.00 6.00 3000.00 5.00 Closing share price: Index 2500.00 4.00 • Dec 31, 2003 – $8.60 2000.00 • Sep 29, 2026 – $70.30 3.00 1500.00 2.00 1000.00 500.00 1.00 0.00 0.00 PBH share value (LHS) S&P/TSX Composite Index - Total Return (LHS) FCF /
Slide 7: Premium Brands
Premium Brands To provide talented proven entrepreneurs with the resources they need to transform their good food businesses into bigger great food businesses ENTREPRENEURSHIP with ACCOUNTABILITY 7 A New A New Food Food Order Order 7 7
Slide 8: Core Strategies
Core Strategies ⚫ Leading regional brands focused on authenticity and differentiation Highly Focused Capital Allocation ⚫ White space Platform Targeting Niche ⚫ Premium private label Segments in the Food Industry ⚫ Long-term sustainable consumer trends ⚫ Stronger pricing power ⚫ Dedicated to maintai
Slide 9: Group Details
Group Details (in millions except percentages) 2004 2025 Revenue Business group Overview Revenue Proforma (1) % Products include meat sticks, cooked protein, charcuterie, European deli meats, specialty marinated products and premium processed meats. The Protein 125.5 4,463.3 51.6% Protein Group has
Slide 10: Business Groups
Business Groups Lobster Distribution Protein Custom Culinary Solutions Ready Group C&C Group Oberto Group Concord Group Sandwich Group • L Walker Seafood • IMS • Hempler’s • Skilcor • HQ Foods • Maine Coast • Viandex • Isernio’s • The Meat Factory • SK Food Group • C.H. Rich • Maison du Gibier • Bav
Slide 11: Premium Brands' Unique Ecosystem
Premium Brands’ Unique Ecosystem Disciplined Capital Allocation Access to Capital Acquisition Expertise ⚫ Unique ecosystem Global and Strategic enables Logistics Procurement, Buying Power entrepreneurs to optimize growth and performance Brand Development / Real Estate Investment Fund Marketing Resou
Slide 12: Strategically Located Manufacturing Network with State-of-the-Art Facilities
Strategically Located Manufacturing Network with State-of-the-Art Facilities Well-balanced, coordinated network, with most goods distributed in the country where they are manufactured Top-of-line product lines and irreplicable footprint of facilities, resulting from over $1.0 billion of recent inves
Slide 13: Stampede Culinary Partners
Stampede Culinary Partners SK Food Group - Cleveland, TN Bridgeview, IL Maid-Rite Specialty Foods - Dunmore, PA Alma, GA Sunland Park, NM Kings Command Foods - Versailles, OH 13 A New A New Food Food Order Order 13 13
Slide 14: Diversification – 2025 Sales by Channels and Customers
Diversification – 2025 Sales by Channels and Customers SF (67.5%) PFD (32.5%) Foodservice Chains and large format distributors , 6.7% retailers, 6.5% Business Others, 0.5% Trading, 2.5% Customer % Sales Touch Points ISR, 4.9% Foodservice operators, Customer A 15.1% 26 8.8% Customer B 13.2% 2 Custome
Slide 15: Diversification – Procurement and 2025 Sales by Product Category
Diversification – Procurement and 2025 Sales by Product Category SF (67.5%) PFD (32.5%) Baked goods, 2.1% Others, 1.1% Commodity % Sales Sandwiches, 19.9% Seafood, 16.9% Beef 18.8% Seafood 14.6% Pork 9.1% Protein, 13.9% Poultry 7.0% Bread 3.6% Eggs 2.6% Others, 1.7% Cheese 2.1% Turkey 1.4% Protein,
Slide 16: Diverse Ecosystem of Sales and Procurement Channels
Diverse Ecosystem of Sales and Procurement Channels Procurement Sources Total Procurement Sources by SCOTLAND NETHERLANDS Beef, Seabass, Cod Fillets, Country (2025) Seafood Misc. Halibut, Plaice & Salmon GERMANY Canada – 44.6% Beef & Pork USA – 45.6% ICELAND Other – 9.8% Cod, Salmon, DENMARK Plaice,
Slide 17: Organic Growth Strategies
Organic Growth Strategies • On trend product categories • Emerging trends • History of demand exceeding supply • “White space” driven innovation • U.S. roll out strategy • Focus on individual differentiated SKUs rather than categories • Premium private label • Export markets in focus • PB Corporate
Slide 18: U.S. Store Brand Sales
U.S. Store Brand Sales (billions of U.S. dollars except percentages) 273.7 282.8 262.2 247.3 218.0 • Store brands were 47% of all U.S. retail dollar growth in 2025 • Unit share reached a record 23.8% in the first half of 2026, while dollar sales were flat and dollar share was 21.2% 2021 2022 2023 20
Slide 19: Private Label Growth by Price Tier – 2021 to 2026
Private Label Growth by Price Tier – 2021 to 2026 76% 65% • 44% of higher-income shoppers are buying more private label than a year ago, against 34% of lower-income shoppers 35% • 39% of higher-income households regularly buy premium private label • Circana puts the premium tier at 22% of private la
Slide 20: Premium Private Label at Premium Brands
Premium Private Label at Premium Brands (million of dollars) 1,160 866 772 784 560 2021 2022 2023 2024 2025 11.4% of 12.8% of 12.5% of 13.4% of 15.5% of revenue revenue revenue revenue revenue Premium private label has doubled since fiscal 2021 5 20 A New Food Order 20
Slide 21: Acquisitions Growth Strategy
Acquisitions Growth Strategy Considerations Resources • Management team strength • Comprehensive in-house financial modeling, due diligence and • Cultural fit – core entrepreneurial focused values transaction closing capabilities • Differentiation of products and / or services • Access to a range of
Slide 22: Acquisitions Activity
Acquisitions Activity 2005 to 2010 to 2015 to 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD 2009 2014 2016 $147.5m $260.9m $295.9m $246.2m $753.0m $118.6m $168.2m $858.0m $125.0m $9.5m $91.5m $30.6m $1,029.8m Harlan Maximum Expresco Raybern Oberto Mavros Inform Clearwater Beechgrove McLean’s
Slide 23: A Leader in Environmental, Social, Governance, and Food Safety Practices
A Leader in Environmental, Social, Governance, and Food Safety Practices 2025 ESG Report – Foundational Principles ⚫ Clean ingredients, sustainable supply chains, animal Nutritious welfare standards, responsible labeling, excellence in Food food safety ⚫ Employee safety-first culture, prioritizing e
Slide 24: A New Food Order
24 A New A New Food Food Order Order 24 24
Slide 25: A New Food Order
25 A New A New Food Food Order Order 25 25
Slide 26: A New Food Order
26 A New A New Food Food Order Order 26 26
Slide 27: A New Food Order
27 A New A New Food Food Order Order 27 27
Slide 28: A New Food Order
28 A New A New Food Food Order Order 28 28
Slide 29: A New Food Order
29 A New A New Food Food Order Order 29 29
Slide 30: Financial Update
Financial Update 30 A New A New Food Food Order Order 30 30
Slide 31: Annual Revenue
Annual Revenue (millions of dollars except percentages and excluding discontinued operations) 10,000.0 70% 9,000.0 60% 8,000.0 7,000.0 50% • 2026 guidance is $9.1 billion 6,000.0 to $9.3 billion 40% 5,000.0 • 2019 to 2025 CAGR of 12.4% 30% 4,000.0 3,000.0 20% 2,000.0 10% 1,000.0 - 0% 2019 2020 2021
Slide 32: Revenue Growth Drivers
Revenue Growth Drivers (millions of dollars except percentages) 2025 TTM Prior period revenue from continuing operations 6,372.4 6,779.9 Acquisitions 298.5 784.0 Price inflation 195.6 218.8 Exchange impact 45.5 (18.4) Organic volume growth 417.3 464.7 Organic volume growth rate 6.5% 6.9% Core specia
Slide 33: Annual Adjusted EBITDA
Annual Adjusted EBITDA (millions of dollars except percentages) 1,000.0 11.0% 900.0 10.0% 800.0 700.0 9.0% • 2026 guidance is $840 million to $870 million 600.0 8.0% • 2019 to 2025 CAGR of 13.5% 500.0 7.0% 400.0 300.0 6.0% 200.0 5.0% 100.0 - 4.0% 2019 2020 2021 2022 2023 2024 2025 TTM 2026P Adjusted
Slide 34: Annual Adjusted Earnings and EPS
Annual Adjusted Earnings and EPS (millions of dollars except per share amounts) 350.0 $7.00 300.0 $6.00 • Adjusted earnings 2019 to Q2- 250.0 $5.00 2026 TTM CAGR of 11.5% • 2023 to 2025 earnings heavily 200.0 $4.00 impacted by recent growth- related investment: 150.0 $3.00 • Plant overhead • Depreci
Slide 35: Project Capital Expenditures
Project Capital Expenditures (millions of dollars except percentages) 140.0 120.0 100.0 80.0 • Project capex are expected to generate an unlevered, after-tax IRR of 15% or greater 60.0 • Expect to spend an additional $41.6 million 40.0 on approved major project capex over the next three quarters 20.
Slide 36: Startup and Restructuring Costs
Startup and Restructuring Costs (in millions of dollars) 60.0 60.0 50.0 50.0 40.0 40.0 30.0 30.0 20.0 20.0 10.0 10.0 - - 2021 2022 2023 2024 2025 2026-YTD Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 From 2022 to 2026 we have invested $158 million on startup and restructuring costs. These costs a
Slide 37: Net Working Capital Investment
Net Working Capital Investment (in millions of dollars) 400.0 300.0 200.0 • Net working capital growth is expected to slow significantly now that the volatility associated with new product 100.0 launches and onboarding incremental production capacity is built into our net working capital profile - -
Slide 38: Steady State Free Cash Flow
Steady State Free Cash Flow (millions of dollars except per share amounts and percentages) 400.0 $8.00 360.0 $7.00 • 2018 to Q2-2026 TTM free cash flow 320.0 CAGR of 10.8% $6.00 280.0 • 2018 to Q2-2026 TTM free cash flow $5.00 240.0 per share CAGR of 5.1% 200.0 $4.00 • $1,338.2m in declared dividend
Slide 39: Liquidity
Liquidity (millions of dollars except ratios) 40.0 5.5 38.0 5.0 36.0 4.5 34.0 4.0 • Achieved in Q2-2026 mid-term target of total debt-to-EBITDA 32.0 3.5 ratio of 4.0 : 1 or better 30.0 3.0 • Achieved in Q2-2026 mid-term target of senior debt-to- 28.0 2.5 EBITDA ratio of 3.0 : 1 or 26.0 2.0 better 24
Slide 40: Questions
Questions 40 A New A New Food Food Order Order 40 40