Slide 1: Second Quarter Conference Call
Second Quarter Conference Call August 6, 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: Key Highlights for the Quarter
Key Highlights for the Quarter • Record 2026 second quarter sales, adjusted EBITDA and adjusted earnings per share • Second quarter steady state free cash flow of $116 million and net free cash flow of $68 million • Specialty Food segment’s U.S. focused initiatives continued to generate strong growt
Slide 5: Major Capital Investments (FY2024-2025)
Major Capital Investments (FY2024-2025) BC AB SK QC MB ON NB ME NS WA MN PA NJ OH NV IL MO TN AZ OK NM MS GA TX Facility New facility, expansion or major project 5 A New Food Order 5 5
Slide 6: A New Food Order
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Slide 8: A New Food Order
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Slide 9: A New Food Order
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Slide 11: A New Food Order
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Slide 12: Q2-2026 Financial Update
Q2-2026 Financial Update 12 A New Food Order 12 12
Slide 13: Second Quarter Sales
Second Quarter Sales (millions of dollars except percentages) 2,500.0 35% 30% 2,000.0 25% Growth Drivers 20% • Acquisitions – $354.5m 1,500.0 15% • Organic volume growth – $74.5m or 4.0% 10% 1,000.0 • Selling price inflation – $59.9m 5% • A stronger CAD relative to the USD – $6.1m 0% 500.0 -5% - -10
Slide 14: U.S. Sales Analysis
U.S. Sales Analysis (millions of dollars except percentages) Q2-2026 Bridge FX & Q2-26 Q2-25 Q2-24 Q2-25 Pricing Acquis OVG Q2-26 OVGR OVGR OVGR Core US growth initiatives: Protein Group 384.0 17.4 346.0 96.0 843.4 25.0% 15.0% 9.2% Custom Culinary Solutions 388.1 (5.2) - (13.6) 369.3 (3.5%) (1.0%) 1
Slide 15: Second Quarter Adjusted EBITDA
Second Quarter Adjusted EBITDA (millions of dollars except percentages) 250.0 12.0% 11.0% 200.0 Major Drivers 10.0% • Acquisitions 150.0 9.0% • Organic sales volume growth • Commodity cost recovery 8.0% Major Challenges 100.0 7.0% • Overhead associated with new capacity and additional production 6.0
Slide 16: Start-Up and Restructuring Costs
Start-Up and Restructuring Costs (millions of dollars) 20.0 15.0 10.0 5.0 - Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Start-Up and Restructuring Costs 16 A New Food Order 16 16
Slide 17: Quarter Adjusted Earnings Performance
Quarter Adjusted Earnings Performance (millions of dollars except per share amounts) 90.0 $1.80 80.0 $1.60 70.0 $1.40 60.0 $1.20 50.0 $1.00 40.0 $0.80 30.0 $0.60 20.0 $0.40 10.0 $0.20 - $- 2019 2020 2021 2022 2023 2024 2025 2026 Adjusted Earnings (LHS) Adjusted EPS (RHS) 17 A New Food Order 17 17
Slide 18: Annual Revenue
Annual Revenue (millions of dollars except percentages) 10,000.0 70% 9,000.0 60% 8,000.0 7,000.0 50% 6,000.0 • 2026 guidance is $9.1 billion 40% to $9.3 billion 5,000.0 • 2018 to 2025 CAGR of 13.5% 30% 4,000.0 3,000.0 20% 2,000.0 10% 1,000.0 - 0% 2018 2019 2020 2021 2022 2023 2024 2025 TTM 2026P Rev
Slide 19: Annual Adjusted EBITDA
Annual Adjusted EBITDA (millions of dollars except percentages) 1,000.0 11.0% 900.0 10.0% 800.0 9.0% • 2026 guidance is $840 million 700.0 to $870 million 600.0 8.0% • 2018 to 2025 CAGR of 13.0% 500.0 7.0% 400.0 300.0 6.0% 200.0 5.0% 100.0 - 4.0% 2018 2019 2020 2021 2022 2023 2024 2025 TTM 2026P Adj
Slide 20: 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 two quarters 20.0
Slide 21: 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 per share CAGR of 5.1% 240.0 200.0 $4.00 • $1,338.2m in declared dividend
Slide 22: Debt Ratio Trend
Debt Ratio Trend (millions of dollars except ratios) Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 Senior debt-to-EBITDA ratio 3.4 : 1 3.3 : 1 3.4 : 1 3.2 : 1 3.1 : 1 2.9 : 1 Total debt-to-EBITDA ratio 4.6 : 1 4.2 : 1 4.3 : 1 4.3 : 1 4.1 : 1 3.8 : 1 Targeting to achieve 3.0 : 1 or better total deb
Slide 23: A New Food Order
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