Canada Packers Inc. · TSX:CPKR
Canada Packers — Q2 2026 Earnings Presentation
16 slides from Canada Packers's earnings presentation, Aug 5, 2026
Slide 1: Second Quarter 2026 Financial & Business Results
Second Quarter 2026 Financial & Business Results PRIVATE & CONFIDENTIAL 1
Slide 2: Forward Looking Information and Non-IFRS Metrics
FORWARD LOOKING INFORMATION 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
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: Q2 2026: Resilience & Disciplined Execution
Q2 2026: RESILIENCE & DISCIPLINED EXECUTION • Consistent execution and focus on key initiatives Actual vs Pro forma sales2 ($ millions) supported durable profitability despite market -3.1% headwinds, underscoring the resilience of our model -5.3% across cycles $887 $860.0 $456 $431.7 • Q2 2026 actua
Slide 5: Solid Performance Grounded in Our Core Strategies
SOLID PERFORMANCE GROUNDED IN OUR CORE STRATEGIES 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 Improvements tied to on-farm performance Re
Slide 6: Performance That Reinforces Our Robust 'Chapter One' Growth Story
PERFORMANCE THAT REINFORCES OUR ROBUST 'CHAPTER ONE' GROWTH STORY 1. Resilient profitability • Adjusted EBITDA Margin1 of 8.1%, within normal range despite challenging market conditions • Durable earnings driven by our distinctive portfolio, optimized sales mix, whole hog optimization and strong on
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 2025 REVENUE(1) DESCRIPTION Each channel is anchored on strategic BUSINESS MODEL (% of total) customers with long history of relationship • Customer-specific offerings such as Balanced exposure across markets tha
Slide 8: Gold-Standard Branded Products with Strategic Customers Around the World
WE DELIVER GOLD-STANDARD BRANDED PRODUCTS WITH STRATEGIC CUSTOMERS AROUND THE WORLD MAKING US DISTINCTIVE AND DIFFERENTIATED NORTH AMERICAN RETAIL MARKETS JAPANESE MARKET MAPLE LEAF FOODS TAILORED, VALUE-ADDED OFFERINGS FOR KEY CO-BRANDS WITH STRATEGIC CUSTOMERS, TARGETING SUSTAINABLE, PREMIUM PORK
Slide 9: Q2 Pork Market Softness vs Prior Year
Q2 PORK MARKET SOFTNESS VS PRIOR YEAR AS CUTOUT DID NOT SEASONALLY INCREASE SIMILAR TO PRIOR YEAR Vertically Integrated Margin Industry Vertically Integrated Margin lower than Q2 and flat vs Q1 26 USDA Pork Cutout – Industry Hog Production Cost 2026 USDA Pork Cutout – Industry Hog Production Cost 5-
Slide 10: Our Q2 Performance Reinforces Canada Packers' Value Proposition
OUR Q2 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: Q2 2026 Results
Q2 2026 RESULTS Q2 Results Q2 2026 Q2 2025 Change YTD 2026 YTD 2025 Change Sales $431.7 $473.2 (8.8)% $860.0 $925.2 (7.0)% Gross profit (loss) ($6.2) $54.7 nm $86.7 $124.0 (30.1)% SG&A $23.7 $18.7 26.7% $47.9 $36.9 30.0% Adjusted Operating Earnings1 $21.5 $40.3 (46.6%) $51.3 $78.5 (34.6)% Adjusted E
Slide 12: Supplemental Financial Slides
Supplemental Financial Slides Q2 2026 PRIVATE & CONFIDENTIAL 12 CANADA PACKERS – Q2 2026 BUSINESS AND FINANCIAL REVIEW | August 5, 2026
Slide 13: EBITDA and Adjusted EBITDA Margin
Reconciliation of non-IFRS metrics – Adjusted Operating Earnings, Adjusted EBITDA and Adjusted EBITDA Margin 13-Week Period Ended 26-Week Period Ended ($ millions except margin)(i) (Unaudited) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Earnings before income taxes $ (38.1) $ 32.5 $ 21.7
Slide 14: Reconciliation of non-IFRS metrics – Free Cash Flow
Reconciliation of non-IFRS metrics –Free Cash Flow ($ millions) 13-Week Period Ended 26-Week Period Ended (Unaudited) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025 Cash provided by operating activities $31.6 $73.9 $51.7 $113.5 Additions to long-term assets $(8.7) $(7.8) $(14.0) $(15.7) Fre
Slide 15: Reconciliation of non-IFRS metrics – Total Company Net Debt
Reconciliation of non-IFRS metrics – Total Company Net Debt ($ millions except Net Debt to Trailing Twelve Months Adjusted EBITDA) (Unaudited) As at June 27, 2026 Long-term debt $376.6 Lease obligations $101.9 Total debt $478.5 Cash $45.7 Net Debt $432.8 Trailing Twelve Months Adjusted EBITDA1 $183.
Slide 16: Management's pro forma estimates and related Non-IFRS measures
Management’s pro forma estimates and related Non-IFRS measures Trailing Quarter Ended Twelve Months Ended (in millions of CAD) March 29, September December 27, March 28, June 28, 2025 June 27, 2026 June 27, 2026 (unaudited) 2025 27, 2025 2025 2026 Pro Forma Pro Forma Pro Forma Actual Actual Actual S