Lassonde Industries, Inc. Class A · TSX:LAS.A
Lassonde Industries, Inc. Class A — Shareholder Meeting (May 2026)
44 slides from Lassonde Industries, Inc. Class A's shareholder meeting presentation, May 15, 2026
Slide 1: Annual General Meeting
Annual General Meeting May 15, 2026 Lassonde Industries Inc.
Slide 2: Forward-Looking Statements
2 CAUTION REGARDING Forward-Looking Statements This presentation contains “forward-looking information”, and the Corporation’s oral and written public communications that do not constitute historical fact may be deemed to be “forward-looking information” within the meaning of applicable Canadian sec
Slide 3: Forward-Looking Statements (cont'd)
3 CAUTION REGARDING Forward-Looking Statements (cont’d) The Corporation’s ability to achieve its sustainability priorities, targets and goals is further subject to, among other factors, its ability to access and implement all technology necessary to achieve them; the development, deployment, and per
Slide 4: Financial Measures Not in Accordance with IFRS
4 Financial Measures Not in Accordance with IFRS To provide more information for evaluating the Corporation’s performance, the EBITDA is a financial measure used by the Corporation and investors to assess the Corporation’s financial information in the financial documents contains certain supplementa
Slide 5: Notice of Proxy, Documents and Scrutineer's Report
Notice of Proxy, Documents and Scrutineer’s Report
Slide 6: Election of Directors
6 Election of Directors Nathalie Lassonde Pierre-Paul Lassonde Guy Belanger Executive Chair of the Corporate Director Corporate Director Board of Directors Lassonde Industries Inc. Paul Bouthillier Luc Doyon Nathalie Giroux Corporate Director Corporate Director Corporate Director Gwen Klees Pierre L
Slide 7: Appointment of Auditors
Appointment of Auditors y r |
Slide 8: 2025 was an excellent year for Lassonde
8 2025 was an excellent year for Lassonde Record sales of $2.9 billion Significant profitability improvement Heartfelt thanks to our employees whose talent, dedication, and commitment to quality are at the heart of our success
Slide 9: Strengthening Leadership in Key NA Markets
9 Strengthening Leadership in Key NA Markets 3,500+ products across 200 formats Enables rapid adaptation to consumer trends Strong momentum for Canadian-made products Campaigns highlighting our local roots Market share gains in Canada in 2025
Slide 10: Lassonde Board Now Composed of 9 Directors
10 Lassonde Board Now Composed of 9 Directors 2 Board members did not solicit new mandates 3 new Board members Denis Boudreault Nathalie Giroux Board member for 25 years Gwen Klees Nathalie Pilon Board member since 2023 Guy Rouleau • Member of the Human Resources and Compensation Committee • Member
Slide 11: Business Overview
Business Overview y |
Slide 12: Strengthening Our Ambition
12 A DEFINING YEAR FOR LASSONDE Strengthening Our Ambition Business Overview Evolving our portfolio Solid financial performance • Record sales of $2.9 billion • Up ~13% year-over-year Transforming our • Strong increase in profitability business model • Reflects continued focus of our team on executi
Slide 13: 1. Build a Growth-Oriented Portfolio
13 3 STRATEGIC PILLARS 1. Build a Growth-Oriented Business Overview Portfolio Expanding in specialty foods Acquired Summer Garden Increasing market presence Expanded reach in foodservice channels Earned trust with national brands Oasis and SunRype continue to lead their categories across Can
Slide 14: 2. Drive Sustainable Performance
14 3 STRATEGIC PILLARS 2. Drive Sustainable Business Overview Performance Committing $400M+ to strategic investments Strengthening our network with state-of-the art facilities Rougemont North Carolina New Jersey Positioning Lassonde for long-term growth Greater efficiency Enhanced competit
Slide 15: 3. Improve Capacity to Act
15 3 STRATEGIC PILLARS 3. Improve Capacity to Act Business Overview Refining our business model More focused and agile Fortifying our leadership Stronger leadership at every level Sharpening our commercial execution To win in a complex demand environment
Slide 16: Our Focus on Building and Executing Plans
16 Our Focus on Building and Executing Plans Business Overview Across our 3-Pillar Strategy 1 Grew sales by almost $800M 2 Tripled profit Materially improved shareholder value, and improved 3 Lassonde’s positioning for the long term
Slide 17: Who We Are
17 LASSONDE INDUSTRIES INC. Who We Are Business Overview A leader in the food and beverage Structured to meet evolving consumer industry in North America preferences Headquartered in Canada, with operations Innovation driven across North America Agile in responding to shifting North 3,500+ p
Slide 18: Canadian Beverages: Competitive Position
18 CANADIAN BEVERAGES Competitive Position Business Overview Market share gains in 2025 Improved distribution Targeted marketing initiatives Lift from the “Buy Canadian” movement Ability to innovate
Slide 19: U.S. Beverages: A Year of Progress
19 U.S. BEVERAGES A Year of Progress Business Overview Private • Volume build-back plan underway label • New customer wins • Expanded distribution • Strong momentum and room to offer expanded value and choices Branded • Focus on higher-velocity SKUs • Strategic investments in single-serve and juice
Slide 20: Food Service: Disciplined Performance
20 FOOD SERVICE Disciplined Performance Business Overview Solid year Double-digit sales growth Volume gains with U.S. broadline distributors Deeper penetration with Canadian national accounts Aseptic “Bag-in-Box” line New customer wins Active negotiations and competitive bids across North
Slide 21: Leading Fruit Snacks Player in Canada
2121 SNACKS Leading Fruit Snacks Player in Canada A solid performance in 2025 that reinforced our continued relevance with consumers. Fueling growth with: • Strong core product performance • Successful launch of new products aligned with evolving consumer trends
Slide 22: Specialty Food: Strong Momentum
22 SPECIALTY FOOD Strong Momentum Business Overview Solid sales and Summer Garden - First full year profit growth in retort Expanded production capabilities Fueled by premium Strengthened portfolio in growing premium glass-jar pasta sauces categories and soups Access to a leading brand in zero
Slide 23: Key Executive Nominations
23 Key Executive Nominations Business Overview N.A. Specialty Food Corporate Jamie Bradford Minh Quan Dam Chief Marketing Officer Chief Information Officer With Lassonde since 2015 20+ years in technology strategy, digital transformation, and enterprise Senior Director to VP Innovation, modern
Slide 24: Financial Review
Financial Review Note: Numbers have been rounded to lighten the presentation.
Slide 25: FY 2025 Sales
25 FY 2025 SALES 12.8% Growth Driven Mainly by Canadian Operations Financial Review Sales ($B) Key Highlights Sales were up 7.2% excluding favourable FX impact and Summer Garden(1) contribution 2.9 2.6 +12.8% • Selling price adjustments, mainly in Canada • Higher national brand sales volume, mainly
Slide 26: FY 2025 Gross Profit
26 FY 2025 GROSS PROFIT Higher Gross Profit Financial Review Gross Profit ($M) Selling & Administrative Expenses ($M) 802 698 +14.8% 523 575 26.8% 27.3% 2024 2025 2024 2025 Highlights * Higher gross profit Selling & administrative expense variation • Favourable impact of selling price adjustments •
Slide 27: FY 2025 Profitability
27 FY 2025 PROFITABILITY Increase Across all Profitability Metrics Financial Review Operating Profit ($M) Adjusted EBITDA(1) ($M) 226 344 276 175 +29.4% +24.7% 7.7% 11.7% 6.7% 10.6% 2024 2025 2024 2025 Profit Attributable to the Shareholders ($M) Adjusted Profit Attributable to the Shareholders(1) (
Slide 28: FY 2025 Cash Flows
28 FY 2025 CASH FLOWS Healthy Cash Flow Management Financial Review Cash Flow from Cash Flow from Cash Flow used by Operating Activities ($M) Financing Activities ($M) Investing Activities ($M) 234 217 176 (207) 13 (441) 2024 2025 2024 2025 2024 2025 Highlights Highlights Highlights • Higher working
Slide 29: FY 2025 Financial Position
29 FY 2025 Financial Position ($M) Financial Review 750 618 596 587 554 600 549 504 489 445 449 417 450 1,99 2,03 300 1,63 1,71 226 1,42 183 187 197 175 150 0 Dec. 31, March 29, June 28, Sept. 27, Dec. 31, Dec. 31, March 29, June 28, Sept. 27, Dec. 31, 2024 2025 2025 2025 2025 2024 2025 2025 2025 20
Slide 30: Q1-2026 Results
30 Q1-2026 RESULTS Higher Gross Profit Despite Lower Sales Financial Review Sales ($M) Gross Profit ($M) 700 664 183 188 -2.5% +2.8% -2.5% 26.2% 28.4% Excluding 2025 unfavourable 2026 2025 2026 FX impact Highlights Excluding FX impact, increase in gross profit of $13M • Favourable impact of selling
Slide 31: Q1-2026 Profitability
31 Q1-2026 PROFITABILITY Increase Across all Profitability Metrics Financial Review Operating Profit ($M) Adjusted EBITDA(1) ($M) 52 72 80 43 +21.7% +11.7% 7.8% 10.2% 12.0% 6.1% 2025 2026 2025 2026 Profit Attributable to the Shareholders ($M) Adjusted Profit Attributable to the Shareholders(1) ($M)
Slide 32: Q1-2026 Financial Position
32 Q1-2026 Financial Position ($M) Financial Review 750 596 587 554 600 449 618 504 549 489 445 433 450 1,99x 2,03x 300 1,71x 226 235 1,42x 187 197 1,35x 183 150 0 March 29, June 28, Sept. 27, Dec. 31, March 28, March 29, June 28, Sept. 27, Dec. 31, March 28, 2025 2025 2025 2025 2026 2025 2025 2025
Slide 33: 2026 Outlook
2026 Outlook
Slide 34: Entering 2026 from a Position of Strength
34 Entering 2026 from a Position 2026 Outlook of Strength Strategic Focus Executing our plan to drive profitable, sustainable growth Navigating a challenging macroeconomic environment with discipline Building and leveraging our diversified portfolio Innovation, pricing, and promotion balance
Slide 35: Top Business Priorities by Division
35 Top Business Priorities by Division Perspectives pour 2026 Beverages Specialty Food U.S. Beverages Canadian Beverages Optimize the integration Continue private label volume Fortify leadership through: of our NA network build-back plan Innovation-led growth initiatives Accelerate brand D
Slide 36: Operating Environment
36 Operating Environment 2026 Outlook Cost and supply dynamics Geopolitics and trade Commodity conditions improving but require Heightened focus on transportation, vigilant monitoring PET resin costs, and supply-chain ripple effects Close tracking of consumer food habits and Scenario plannin
Slide 37: Key Takeaways
37 Key Takeaways 2026 Outlook 1 Strengthened and broadened our portfolio 2 New operating model 3 Addition of key leaders 4 Invested in network and modernizing systems 5 Sustained sales and profit growth Positioning Lassonde New plan will focus on: for its next growth stage Sharpening portfolio pri
Slide 38: Looking Ahead / Thank You
38 Looking Ahead 2026 Outlook Expect to deliver another solid performance in 2026 Well-positioned to create long-term sustainable value Strength of our diversified portfolio Driven by the dedication of our employees Lassonde employees Business partners THANK YOU! Board of Directors Shareholders
Slide 39: Question Period
Question Period y r |
Slide 40: Financial Measures Not in Accordance with IFRS
Financial Measures Not in Accordance with IFRS
Slide 41: Items impacting the comparability between periods
41 Financial Measures Not in Accordance with IFRS Items impacting the comparability between periods These tables contain a list, description and quantification of items impacting the comparability of the financial performance between the periods.
Slide 42: EBITDA and Adjusted EBITDA
42 Financial Measures Not in Accordance with IFRS (cont’d) EBITDA and Adjusted EBITDA Adjusted Profit Attributable to the Corporation’s Shareholders and Adjusted EPS
Slide 43: Net Debt and Net Debt to Adjusted EBITDA
43 Financial Measures Not in Accordance with IFRS (cont’d) Net Debt and Net Debt to Adjusted EBITDA
Slide 44: < Lassonde
< Lassonde