Slide 1: Fresh Del Monte Produce Inc. Q2 2025 Earnings Presentation
Fresh Del Monte Produce Inc. Q2 2025 Earnings Presentation July 30, 2025 0
Slide 2: Meet Our Speakers
Meet Our Speakers Mohammad Monica Abu-Ghazaleh Vicente Chairman & CEO Chief Financial Officer 1
Slide 3: Forward-Looking Statement
Forward-Looking Statement This presentation and the related earnings call contain certain forward-looking statements regarding the intent, beliefs or current expectations of the Company. These statements include statements that are preceded by, followed by or include the words “believes”, “expects”,
Slide 4: Agenda
Agenda • CEO Comments • Q2 2025 Financial Performance • Full-Year 2025 Outlook • Q&A 3
Slide 5: Q2 2025 - CEO Business Highlights
Q2 2025 - CEO Business Highlights Strong Q2 Financial Performance: Net sales, gross profit, and gross margin all increased year-over-year, driven by momentum in the fresh and value-added products segment - proprietary pineapple varieties and fresh-cut fruit. Pineapple Category Leadership: Demand con
Slide 6: Q2 2025 Financial Results
Q2 2025 Financial Results Q4 & FY 2024 Financial Results 5
Slide 7: Q2 2025 Financial Results
Q2 2025 Financial Results Net Sales Adj. Operating Income* Q2: $1,183M vs. $1,140M PY Q1: $69 vs. $65M PY • Driven by higher net sales in our fresh and value-added products and banana segments due to higher per unit selling prices and the favorable impact of fluctuations in exchange rates. The incre
Slide 8: Fresh and Value-Added Products Q2 2025
Fresh and Value-Added Products Net Sales: • Increase was primarily driven by higher pricing in the pineapple product line and higher sales Net volume and pricing in the fresh-cut fruit product line, supported by strong demand, FX tailwinds, and tariff adjustments in NA. Sales • Partially offset by l
Slide 9: Banana Q2 2025
Banana Net Sales: • Increase was primarily driven by higher selling prices across all regions, FX tailwinds, tariff Net adjustments in NA, and stronger sales volume in MENA. Sales • Partially offset by lower sales volume in Asia (local oversupply, softer demand and crop disease) and lower sales volu
Slide 10: Other Products & Services Q2 2025
Other Products & Services Net Sales: Net • Slight decrease was primarily due to lower net sales in our poultry and meats business, Sales reflecting lower selling prices. Gross Profit: Q2 2025 • Decrease was primarily a result of lower net sales. Gross Margin: • Decreased to 10.4% compared with 10.7%
Slide 11: Q2 2025 Selected Financial Data
` Q2 2025 Selected Financial Data 10
Slide 12: Q2 2025 Selected Financial Results
Q2 2025 Selected Financial Results Income Tax Rate Adj. Leverage Ratio* 20% vs. 19% PY 0.49x vs. 1.21x PY Net Cash Provided by Operating Activities Capital Spending $159M vs. $144M PY $22M vs. $21M PY Long-Term Debt Dividend $201M vs. $285M PY Declared $0.30/share vs. $0.25/share PY *Non-GAAP financ
Slide 13: Financial Outlook For Full-Year 2025
Financial Outlook For Full-Year 2025 12
Slide 14: Q&A Key Challenges and Financial Outlook
Q &A Key Challenges and Financial Outlook 13
Slide 15: Appendix: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations 14
Slide 16: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures Second Quarter 2025 The Company's results are determined in accordance with U.S. generally accepted accounting principles (GAAP). Certain information presented reflects adjustments to GAAP measures that are
Slide 17: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 16
Slide 18: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 17
Slide 19: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 18
Slide 20: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 19
Slide 21: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 20
Slide 22: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures 21
Slide 23: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures