Mission Produce, Inc. · NASDAQ:AVO
Mission Produce — Investor Presentation (November 2025)
23 slides from Mission Produce's investor presentation, Nov 18, 2025
Slide 1: Investor Presentation November 2025
Investor Presentation November 2025 Mission Produce® © 2025 Mission Produce, Inc. The MISSION & TOWER DESIGN® and MISSION PRODUCE® are trademarks of Mission Produce, Inc. All rights reserved. This presentation is for informational purposes only. Any information, content, or recommendations included
Slide 2: Notice to and Undertaking by Recipients; Forward-Looking Statements
Notice to and Undertaking by Recipients This presentation does not purport to be all-inclusive or to contain all of the information that the Recipient may require. The Company expressly disclaims any and all liability relating to or resulting from the use of this presentation. This presentation may
Slide 3: A Global Leader in the worldwide avocado business
A GLOBAL LEADER in the worldwide avocado business 3 • Four decades of investing in people, technology, and infrastructure • Global year-round supply of avocados & mangos • Supply chain & logistics management • Strategically located sourcing & distribution • Vertically integrated: grower – packer – s
Slide 4: Company history timeline
1984 Mission de Mexico established in Uruapan, Michoacar publicly traded company NASDAQ: AVO Mission enters the mango category € | ie IWG@ssiom PRODUCE 1993 2011 Pioneered the “Ripe Established vertical Revolution” with ripe integration in Pert nd ready dos 2000-2010 Distribution expands nationwide
Slide 5: Mission Produce's Global Network
Mission Produce’s Global Network 5
Slide 6: A Long Track Record of Growth
A Long Track Record of Growth $1.43 billion LTM 3Q25 Revenue 5.4% ’14-’24 Avocado Volume CAGR 9.7% ’14-’24 Revenue CAGR LTM 3Q25 Avocado Volume671 mm lbs. Note: Fiscal year ended October 31. 1 lug = 25lbs, or 1 box. (1)Non-GAAP reconciliation located in the appendix. Revenue by Type Avocado VolumeFi
Slide 7: Fiscal 2025 Third Quarter Overview
7 Fiscal 2025 Third Quarter Overview Revenue ($mm) Net Income ($mm) • Strong Q3 revenue growth driven by robust avocado sales volume despite slight price decreases, with commercial teams strategically leveraging the rebound in owned production (full year expect to increase 150% vs. prior year's weat
Slide 8: Focused Growth Strategy
Focused Growth Strategy Capitalize on strong growth trends in our core U.S. market by leveraging our nationwide distribution network Leverage our global supply chain and distribution capabilities to continue developing international markets Diversify sourcing to enhance our global market-leading pos
Slide 9: Supporting Tailwinds Driving Market Growth
Supporting Tailwinds Driving Market Growth 1. Consumer Interest in Healthy Eating: • With more than 20 vitamins and minerals, avocados are associated with heart health, weight health, and skin health. (1) • 57% of U.S. households are concerned or very concerned about healthy eating. (2) 2. Growing H
Slide 10: State-of-the-Art Infrastructure Covering U.S. Markets
State-of-the-Art Infrastructure Covering U.S. Markets Packhouse Advantages ➤ High-definition grading cameras ➤ State-of-the-art washing, sorting, packing, and bagging line ➤ Industry-leading post- harvest practices (cold chain) ➤ Ocean container plug-ins Forward Distribution and Ripening Center Adva
Slide 11: Preferred Supplier Offering Custom Programs & Value-Added Services
Mission is Positioned as a Preferred Supplier by Offering Custom Programs & Value-Added Services We provide customers with leading operations and industry insights geared toward driving sales • Ripening to customer specifications • Logistics management (especially trucking) • Hands-on training to fa
Slide 12: Mango category capabilities
• Year-round supply • Top mango varieties: Kent, Keitt, Tommy Atkins, Palmer, Honey, Haden • Advanced ripening capabilities & custom ripe programs • Around-the-clock service • Educational tools and resources We leverage our vertical integration in Peru and international growing partnerships to acces
Slide 13: Channel Segmentation Strategy Based on Growth and Profitability
Channel Segmentation Strategy Based on Growth and Profitability We are the preferred partner across Retail, Food Service, Wholesale, and International Channels ➤Leading our customer & partner relationships with excellence ➤ Competitive positioning in sales, sourcing, and operations to serve customer
Slide 14: Global Avocado Consumption is Poised to Grow
(1) World Avocado Organization. Avocado World Statistics Yearbook. 2024-25. (2) USDA Avocado Annual Report. April 1, 2025. (3) Calculation basis for China: imports calculated on the basis of exports from supplier countries; population considered: households with more than $2150 USD/month. Global Avo
Slide 15: Multiple-Source Strategy Drives Year-Round Availability (Avocados)
Multiple-Source Strategy Drives Year-Round Availability to Meet Global Demand 15 Avocado Availability Row size generally represents each origin’s annual share of volume sourced for distribution MEXICO PERU CALIFORNIA SOUTH AFRICA KENYA, MOROCCO, ISRAEL, TANZANIA, NEW ZEALAND, BRAZIL, DOMINICAN REPUB
Slide 16: Multiple-Source Strategy Drives Year-Round Availability (Mangos)
Multiple-Source Strategy Drives Year-Round Availability to Meet Global Demand 16 MEXICO PERU DOMINICAN REPUBLIC IVORY COAST, NICARAGUA, MALI, EGYPT, ISRAEL, COSTA RICA, INDIA BRAZIL GUATEMALA ECUADOR Mangos–Global Availability JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Let’s Connect! SalesReps@
Slide 17: International Farming and Vertical Integration: Peru
We own 100% of our avocado and mango farming operations and packhouse, as well as a controlling interest in our blueberry farming operation. • It enables us to leverage our resources to grow, pack, and ship complementary commodities, such as mangos and blueberries • With commodities year-round, we c
Slide 18: Owned Operations: Cultivated Farms Annual Growth in Peru
1,730 1,800 2,630 2,630 2,630 2,640 3,000 3,360 3,720 3,930 3,870 3,890 200 200 300 300 300 300 300 300 300 10 80 110 140 230 340 350 390 460 560 685 1,730 1,810 2,710 2,940 2,970 3,170 3,640 4,010 4,410 4,690 4,730 4,875 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Note: Hectare coun
Slide 19: Vertical Integration: Colombia, Guatemala, South Africa
VERTICAL INTEGRATION COLOMBIA GUATEMALA 1. As of October 31, 2024. 2. Not authorized for U.S. entrance. 3. As of December 31, 2024. 2,000 planted acres1 725 planted acres3 1,800 planted acres1 SOUTH AFRICA2 Colombia • Partnered with one of the largest avocado producers in Colombia, to grow, pack, an
Slide 20: Recent Capital Investments
(1) The Blueberries segment was consolidated prospectively on May 1, 2022. (2) Includes 2018 buyout of remaining 50% interest in Peru farming JV. ➤ Substantial capital expenditures and equity investments during the past 10 years that have yet to reach full capacity: (2) ➤ Mega facility in Laredo, TX
Slide 21: Long-term Financial Outlook
Long-term Financial Outlook ➤ Bullish outlook on avocado and mango consumption driving global revenue growth, with volume and market share growth translating to improved leverage of distribution and farming investments ➤ Year-over-year variability to be expected in our industry – growth unlikely to
Slide 22: Strategic Priorities Summary
Strategic Priorities Summary 2222
Slide 23: Reconciliation of Non-GAAP Measure
Net income (loss) Appendix Reconciliation of Non-GAAP Measure Interest expense 24 3.2 12.6 11.6 Provision for income taxes 53 4s 18.6 22 Depreciation and amortization 84 8.9 37.7 32.8 Equity method income (2.0) (1.7) (3.7) (4.0) ‘Stock-based compensation 17 15 7 4s ‘Asset impairment and disposals. a
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