Canada Packers Inc. · TSX:CPKR
Canada Packers — Q3 2025 Earnings Presentation
13 slides from Canada Packers's earnings presentation, Nov 5, 2025
Slide 1: Third Quarter 2025 Financial & Business Results
Third Quarter 2025 Financial & Business Results PRIVATE & CONFIDENTIAL 1
Slide 2: Forward Looking Statements and Non-IFRS Metrics
FORWARD LOOKING STATEMENTS AND NON-IFRS METRICS 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 w
Slide 3: Q3 2025: A Strong Start as an Independent Company
Q3 2025: A STRONG START AS AN INDEPENDENT COMPANY • Improved Year over Year Performance: Sales ($ millions) • Proforma results of: +14.7% • Sales of $476 million, up $75 million or 18.7% • Processed 1.04 million hogs, up 37,000 or 3.7% $420.2 $481.8 • Adjusted EBITDA1 of $56 M, up $15 M or 37% • Rep
Slide 4: We Advanced Our Chapter One Growth Story
WE ADVANCED OUR CHAPTER ONE GROWTH STORY 1. Utilized existing capacity • Higher processing volumes – 37,000 more hogs, up 3.7% • Utilization now stands at ~85% capacity 2. Protected our strong cash flow • Internal hog growth captured more of the Vertically Integrated spread • Sold a better mix of pr
Slide 5: We Leveraged Our Distinctive and Optimized Business Mix
WE LEVERAGED OUR DISTINCTIVE AND OPTIMIZED BUSINESS MIX KEY PILLARS OF 2024E REVENUE(1) DESCRIPTION Each channel is anchored on strategic BUSINESS MODEL ($CAD in millions | % of total) customers with long history of relationship • Customer-specific offerings such as Balanced exposure across markets
Slide 6: We Captured More VI Spread from Internal Growth & Benefited from Strong Pork Markets
WE CAPTURED MORE VI SPREAD FROM INTERNAL GROWTH & BENEFITED FROM STRONG PORK MARKETS PRIVATE & CONFIDENTIAL 6 CANADA PACKERS – Q3 2025 BUSINESS AND FINANCIAL REVIEW | November 5, 2025 1 Normal market conditions defined as the 5-year average of 2015-2019
Slide 7: We Delivered Gold-Standard Branded Products with Strategic Customers Around the World
WE DELIVERED GOLD-STANDARD BRANDED PRODUCTS WITH STRATEGIC CUSTOMERS AROUND THE WORLD MAKES US DISTINCTIVE AND DIFFERENTIATED NORTH AMERICAN MARKETS JAPANESE MARKET MAPLE LEAF FOODS TAILORED, VALUE-ADDED OFFERINGS FOR KEY CO-BRANDS WITH STRATEGIC CUSTOMERS, TARGETING SUSTAINABLE, PREMIUM PORK PRODUC
Slide 8: Our Q3 Performance Reinforces Canada Packers Is a Differentiated and Attractive Investment
OUR Q3 PERFORMANCE REINFORCES THAT CANADA PACKERS IS A HIGHLY DIFFERENTIATED AND ATTRACTIVE INVESTMENT OPPORTUNITY Exceptional Profitability and Clear Pathway to Profit Strong Cash Flow With a Focus Durability Driven By Distinctive Accretive Growth Fueled by on Long-Term Shareholder and Optimized Bu
Slide 9: Q3 and YTD 2025 Results
Q3 AND YTD 2025 RESULTS Q3 Results Q3 2025 Q3 2024 Change Q3 YTD 2025 Q3 YTD 2024 Change Sales $481.8 $420.2 14.7% $1,407.0 $1,234.5 14.0% Gross profit $63.2 $47.6 32.8% $187.2 $136.5 37.1% SG&A $20.5 $18.4 11.4% $57.4 $51.0 12.5% Adjusted Operating Earnings1 $47.5 $28.0 69.9% $125.9 $64.1 96.4% Adj
Slide 10: Supplemental Financial Slides
Supplemental Financial Slides Q3 2025 PRIVATE & CONFIDENTIAL 10 CANADA PACKERS – Q3 2025 BUSINESS AND FINANCIAL REVIEW | November 5, 2025
Slide 11: Reconciliation of non-IFRS metrics – Free Cash Flow
Reconciliation of non-IFRS metrics – Free Cash Flow ($ millions) Three months ended September 30 Nine months ended September 30 (Unaudited) 2025 2024 2025 2024 Cash provided by operating activities $39.1 $34.0 $159.7 $84.7 Maintenance Capital(i) $(9.5) $(8.5) $(25.4) $(20.1) Free Cash Flow $29.6 $25
Slide 12: EBITDA and Adjusted EBITDA Margin
Reconciliation of non-IFRS metrics – Adjusted Operating Earnings, Adjusted EBITDA and Adjusted EBITDA Margin Three months ended September 30 Nine months ended September 30 ($ millions except margin)(i) (Unaudited) 2025 2024 2025 2024 Earnings before income taxes $ 36.1 $ 27.5 $ 115.4 $ 79.8 Interest
Slide 13: Management's pro forma estimates and related Non-IFRS measures
Management’s pro forma estimates and related Non-IFRS measures Last twelve Quarter ended months (in millions of CAD) December March 31, June 30, September December March 31, June 30, September September (unaudited) 31, 2023 2024 2024 30, 2024 31, 2024 2025 2025 30, 2025 30, 2025 Sales $395 $ 394 $ 4