Slide 1: Second Quarter 2017 Review: Driving sustainable growth and profitability
Second Quarter 2017 Review Driving sustainable growth and profitability 1 | July 27, 2017 | Q2 2017 Maple Leaf Foods Review
Slide 2: Forward-looking and non-IFRS information
Forward-looking and non-IFRS information This presentation contains “forward-looking information” within the meaning of applicable securities law. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which the Company operates, as well as
Slide 3: We delivered strong results in the second quarter
We delivered strong results in the second quarter Sales and volume growth across our business contributed to a strong overall quarter. Our balanced portfolio sustained growth in volatile markets. Sales increase of 8.3% Adjusted EBITDA margin of 11.2% Adjusted EPS of $0.41 per share, up 28.1% 3 | Jul
Slide 4: Q2 Financial Highlights: Continued progress in key metrics
Q2 Financial Highlights: Continued progress in key metrics Sales growth across our portfolio, up 8.3% Driving positive margin growth Adjusted EBITDA Margin (In Millions) 11.2% $925.9 10.3% $854.6 Q2 2016 Q2 2017 Q2 2016 Q2 2017 Generating strong cash and deploying in a …and strong earnings growth di
Slide 5: Strong commercial performance
Strong commercial performance Sales and volume growth across our portfolio and continued commercial success in the fresh portfolio drove earnings performance. Strong sales growth year-over-year in prepared meats and our value-added fresh portfolio Excellent performance in value-added fresh pork in b
Slide 6: Well positioned to deliver profitable growth
Well positioned to deliver profitable growth Competitive Leading market Financial Compelling cost structure in shares and strength and growth platforms place brands flexibility that intersect with society’s needs 6 | July 27, 2017 | Q2 2017 Maple Leaf Foods Review
Slide 7: Creating shared value: Becoming the most sustainable protein company on earth
Becoming the most sustainable protein company on earth Creating shared value: the intersection between society’s needs and Maple Leaf’s capabilities creates big, bold opportunities WHAT THE WORLD NEEDS WHO WE ARE CREATING We have been Society is looking SHARED investing for years for more from VALUE
Slide 8: There is significant power in focusing our core capabilities on meeting society's needs
There is significant power in focusing our core capabilities on meeting society’s needs 8 | July 27, 2017 | Q2 2017 Maple Leaf Foods Review
Slide 9: Consumers and society are looking for more from their food and how it is made
Consumers and society are looking for more from their food and how it is made ‘Responsible consumption’ products Maple Leaf Foods is developing unique account for 15% of U.S. retail chain capabilities to meet these needs. sales but 70% of growth North America’s largest producer of pork raised withou
Slide 10: Summary
Summary Excellent second quarter with continued earnings growth. We are well positioned to drive sustainable, profitable growth. Sales and volume growth across our business Strong earnings performance reflects the strength of our balanced portfolio Rewarding shareholders through continued earnings i
Slide 11: Reconciliation of non-IFRS financial measures
Reconciliation of non-IFRS financial measures Adjusted Operating Earnings Q2 2017 Q2 2016 2017 2016 ($ millions) Net earnings 37.3 31.4 67.4 73.7 Income taxes 14.1 11.6 26.1 27.4 (i) Earnings before income taxes 51.5 43.0 93.5 101.1 Interest expense and other financing costs 1.3 1.2 2.6 2.3 Other (i
Slide 12: Reconciliation of non-IFRS financial measures continued
Reconciliation of non-IFRS financial measures continued Adjusted EBITDA Q2 2017 Q2 2016 2017 2016 ($ millions) Net earnings 37.3 31.4 67.4 73.7 Income taxes 14.1 11.6 26.1 27.4 (i) Earnings before income taxes 51.5 43.0 93.5 101.1 Interest expense and other financing costs 1.3 1.2 2.6 2.3 Items in o
Slide 13: Reconciliation of non-IFRS financial measures continued
Reconciliation of non-IFRS financial measures continued Adjusted EPS Q2 2017 Q2 2016 2017 2016 ($ per share) Basic earnings per share 0.29 0.23 0.52 0.55 Restructuring and other related costs 0.03 0.00 0.07 0.01 Items in other expense (income) not considered representative of ongoing 0.00 0.01 0.03