Canada Packers Inc. · TSX:CPKR
Canada Packers — Q4 2025 Earnings Presentation
16 slides from Canada Packers's earnings presentation, Mar 4, 2026
Slide 1: Fourth Quarter and FY 2025 Financial & Business Results
Fourth Quarter and FY 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: A legacy of performance. A future of sustainable growth.
A legacy of performance. A future of sustainable growth. Canada Packers is setting a new global standard for premium, sustainable pork. With nearly a century of expertise, we lead in sustainably produced, premium pork, shaping the future of food. Our vertically integrated model, diverse product rang
Slide 4: Q4 and Full Year 2025: Continued Strong Year Over Year Performance Gains
Q4 AND FULL YEAR 2025: CONTINUED STRONG YEAR OVER YEAR PERFORMANCE GAINS Pro forma sales2 Pro forma sales2 • Q4 2025 actuals versus 2024 pro forma2 comparatives: ($ millions) ($ millions) +12.8% • Sales of $429.4 million, up $25.2 million or 6.2% +6.2% • Processed 1.03 million hogs3, up 17,000 or 1.
Slide 5: Best in Class Performance Grounded in Our Core Strategies
BEST IN CLASS PERFORMANCE GROUNDED IN OUR CORE STRATEGIES Performance driven by: Targeted sales of premium value-added products sold across our strategic customer base Optimized whole hog profitability through diverse mix of markets Increased hog processing volumes using latent capacity Strong on-fa
Slide 6: Performance That Reinforces Our Robust 'Chapter One' Growth Story
PERFORMANCE THAT REINFORCES OUR ROBUST 'CHAPTER ONE' GROWTH STORY 1. Utilized existing capacity • Higher processing volumes – processed 1.7% more hogs in the quarter and 4.3% in the year • Utilization now stands at ~78% capacity based on a five and half day work week 2. Delivered best in class profi
Slide 7: Leveraging Our Distinctive and Optimized Business Mix to Deliver Results
LEVERAGING OUR DISTINCTIVE AND OPTIMIZED BUSINESS MIX TO DELIVER RESULTS KEY PILLARS OF 2025A REVENUE(1) DESCRIPTION Each channel is anchored on strategic BUSINESS MODEL ($CAD in millions | % of total) customers with long history of relationship • Customer-specific offerings such as Balanced exposur
Slide 8: Gold-Standard Branded Products with Strategic Customers Around the World
WE DELIVERED GOLD-STANDARD BRANDED PRODUCTS WITH STRATEGIC CUSTOMERS AROUND THE WORLD MAKING 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 PRODU
Slide 9: Q4 Pork Markets in Line with Normalized Ranges
Q4 PORK MARKETS IN LINE WITH NORMALIZED RANGES Vertically Integrated Spread USDA Pork Cutout – Industry Hog Production Cost Industry Vertically Integrated Spread seasonally declined in 5-year average normal markets pre-pandemic 2015-2019 2025 Q4 2025 ` Source: USDA, CME Group, ISU Return Model: http
Slide 10: Our Q4 Performance Reinforces Canada Packers' Value Proposition
OUR Q4 PERFORMANCE REINFORCES CANADA PACKERS’ VALUE PROPOSITION 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 Business Mix Untapped Capacity Value Driven by Anchor
Slide 11: Q4 and YTD 2025 Results
Q4 AND YTD 2025 RESULTS Q4 Results Q4 2025 Q4 2024 Change Fiscal 2025 Fiscal 2024 Change Sales $429.4 $424.0 1.3% $1,836.4 $1,658.5 10.7% Gross profit $65.6 $94.3 (30.4%) $252.8 $230.8 9.5% SG&A $23.6 $14.6 61.7% $81.0 $65.6 23.5% Adjusted Operating Earnings1 $34.5 $34.7 (0.6%) $160.3 $98.8 62.2% Ad
Slide 12: Supplemental Financial Slides
Supplemental Financial Slides Q4 & FY 2025 PRIVATE & CONFIDENTIAL 12 CANADA PACKERS – Q4 & FY 2025 BUSINESS AND FINANCIAL REVIEW | March 4, 2026
Slide 13: EBITDA and Adjusted EBITDA Margin
Reconciliation of non-IFRS metrics – Adjusted Operating Earnings, Adjusted EBITDA and Adjusted EBITDA Margin Three months ended For the year ended ($ millions except margin)(i) (Unaudited) December 27, 2025 December 28, 2024 December 27, 2025 December 28, 2024 Earnings before income taxes $ 32.4 $ 6
Slide 14: Reconciliation of Non-IFRS Metrics – Adjusted Free Cash Flow
Reconciliation of non-IFRS metrics – Adjusted Free Cash Flow ($ millions) Three months ended For the year ended (Unaudited) December 27, 2025 December 28, 2024 December 27, 2025 December 28, 2024 Cash provided by operating activities $49.2 $32.7 $208.9 $117.3 Additions to long-term assets $(12.5) $(
Slide 15: Reconciliation of Non-IFRS Metrics – Total Company Net Debt
Reconciliation of non-IFRS metrics – Total Company Net Debt ($ millions) For the year ended (Unaudited) December 27, 2025 Cash $54.3 Long-term debt $396.0 Net Debt $341.7 Pro forma Adjusted EBITDA1 $191 Net Debt to Trailing Twelve Months Pro Forma Adjusted EBITDA1 1.8x PRIVATE & CONFIDENTIAL 15 CANA
Slide 16: Management's Pro Forma Estimates and Related Non-IFRS Measures
Management’s pro forma estimates and related Non-IFRS measures Quarter Ended Year Ended Quarter Ended Year Ended (in millions of CAD) March 30, June 29, September December December March 29, June 28, September December December (unaudited) 2024 2024 28, 2024 28, 2024 28, 2024 2025 2025 27, 2025 27,