Fresh Del Monte Produce, Inc. · NYSE:FDP
Fresh Del Monte Produce — Del Monte — Q1 2025 Earnings Presentation
22 slides from Fresh Del Monte Produce's earnings presentation, Apr 30, 2025
Slide 1: Fresh Del Monte Produce Inc. Q1 2025 Earnings Presentation
Fresh Del Monte Produce Inc. Q1 2025 Earnings Presentation April 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 • Business Update • Q1 2025 Financial Results • Key Challenges & Financial Outlook • Q&A 3
Slide 5: Business Highlights
Business Highlights Financial Highlights • Strong Start: Continued momentum from 2024 with solid demand, optimized product mix, and operational efficiency. • Financial Improvements: Year-over-year gains in gross profit and margin, especially in fresh and value-added products segment. • Pineapple Lea
Slide 6: Vision & Mission
Vision & Mission Our mission is to deliver products our Our vision is to lead the industry in fresh and value-added customers can trust—through ethical products—anchored in our commitment to quality, farming, advanced operations, and innovation, and sustainability. It’s about doing more with what su
Slide 7: Q1 2025 Financial Results
Q1 2025 Financial Results Q4 & FY 2024 Financial Results 6
Slide 8: Q1 2025 Financial Results
Q1 2025 Financial Results Net Sales Adj. Operating Income* Q1: $1,098M vs. $1,108M PY Q1: $44 vs. $31M PY • Driven by lower net sales in our banana segment primarily due to lower sales volume and the negative impact of fluctuations in exchange rates. • Partially offset by higher net sales in our fre
Slide 9: Fresh and Value-Added Products Q1 2025
Fresh and Value-Added Products Net Sales: • Increase was primarily a result of higher per unit selling prices in our avocado product line Net and higher sales volume and per unit selling prices in our fresh-cut fruit product line in North Sales America due to strong market demand. • Partially offset
Slide 10: Banana Q1 2025
Banana Net Sales: • Decrease primarily a result of lower sales volume and per unit selling prices in Asia due to a Net combination of lower market demand and excess industry supply, along with lower sales Sales volume in North America due to lower industry supply and weather-related logistic disrupt
Slide 11: Other Products & Services Q1 2025
Other Products & Services Net Sales: Net • In line with the prior-year period. Sales Gross Profit: • Increase was primarily a result of higher per unit selling prices in the poultry and meats Q1 2025 business. Gross Margin: • Increased to 11.9% compared with 8.9% in the prior-year period. Gross Prof
Slide 12: Q1 2025 Selected Financial Data
` Q1 2025 Selected Financial Data 11
Slide 13: Selected Financial Results
Q1 2025 Selected Financial Results Income Tax Rate Adj. Leverage Ratio* 18% vs. 17% PY 0.86 vs. 1.77x PY Net Cash Provided by Operating Activities Capital Spending $46M vs. $19M PY $10M vs. $13M PY Long-Term Debt Dividend $233M vs. $244M YE Declared $0.30/share vs. $0.25/share PY *Non-GAAP financial
Slide 14: Key Challenges and Financial Outlook For Full-Year 2025
Key Challenges and Financial Outlook For Full-Year 2025 13
Slide 15: Q&A
Q &A Key Challenges and Financial Outlook 14
Slide 16: Appendix: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations 15
Slide 17: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures First 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 r
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: Trailing Twelve Months Leverage Ratio Q1 2025
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures Trailing Twelve Months Leverage Ratio Q1 2025 (U.S. dollars in millions) - Unaudited Trailing Twelve Months Q2 2024 Q3 2024 Q4 2024 Q1 2025 March 28, 2025 Net income attributable to Fresh Del Monte Produce I
Slide 22: Reconciliations of Non-GAAP Financial Measures
Fresh Del Monte Produce Inc. and Subsidiaries Reconciliations of Non-GAAP Financial Measures