Calavo Growers, Inc. · NASDAQ:CVGW
Calavo Growers — Merger or Acquisition (January 2026)
15 slides from Calavo Growers's merger presentation, Jan 15, 2026
Slide 1: Mission Produce, Inc. Acquisition of Calavo Growers, Inc.
Exhibit 99.1 Mission Produce, Inc. Acquisition of Calavo Growers, Inc. January 2026
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer FORWARD-LOOKING STATEMENTS This communication contains certain “forward-looking statements” within the meaning of federal securities laws. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,
Slide 3: Today's Speakers
Today’s Speakers Stephen J. Barnard John Pawlowski John Lindeman Co-Founder and Chief President, Chief Operating President and Chief Executive Officer Officer and Chief Executive Executive Officer Officer-designate 2
Slide 4: Two Iconic Industry Leaders Coming Together
Two Iconic Industry Leaders Coming Together… ~$1,391mm ~$648mm FY25A Net Sales FY25A Net Sales Leading Global Supplier With • A global leader in sourcing, • 100+ year heritage as the 1P 1P Integrated Operations Across ~$111mm ~$41mm producing and distributing fresh original North American avocado Fa
Slide 5: Creating a Premier North American Avocado & Fresh Produce Platform
…Creating a Premier North American Avocado & Fresh Produce Platform • Top-tier platform across the Pro Forma Product Mix P avocado value chain, with a + Tomato Other Guacamole leading position in North America 2% 1% 4% Avocado and pathways to expand Mango 84% 4% 1 internationally ~$2bn Blueberry 5%
Slide 6: Transaction Overview
Transaction Overview Transaction • Mission Produce to acquire all of the issued and outstanding shares of common stock of Calavo Growers Overview Merger • 0.9790x of a Mission Produce share per Calavo Growers share • $14.85 of cash per Calavo Growers share Consideration • 55% Cash / 45% Stock Cash /
Slide 7: Transaction Highlights
Transaction Highlights Diversified, Year-Round Avocado and Fresh Produce Portfolio 1 Scaled North American Platform with Global Reach and Capabilities 2 Vertically Integrated Platform Across Growing, Marketing, Distribution and Value-Added Foods 3 Entry into High Growth and Margin Accretive Prepared
Slide 8: Diversified, Year-Round Avocado and Fresh Produce Portfolio
1 Diversified, Year-Round Avocado and Fresh Produce Portfolio Portfolio Expansion & Expanded Grower Networks Diversification • Improves year-round reliability • Grower expansion and PP and helps mitigate seasonal troughs diversification enhances sourcing in avocado supply, supporting security and su
Slide 9: Scaled North American Platform with Global Reach and Capabilities
2 Scaled North American Platform with Global Reach and Capabilities Strengthened Global Network to Serve Retail, Wholesale and Foodservice Customers Shading Represents Pro Forma distribution and sourcing network Expands U.S. footprint with combined distribution, customer reach and broader product mi
Slide 10: Vertically Integrated Platform Across Growing, Marketing, Distribution and Value-Added Foods
Vertically Integrated Platform Across Growing, Marketing, 3 Distribution and Value-Added Foods Farming / Growing Marketing and Value-add Operations Distribution Prepared Foods + + 9
Slide 11: Entry into High Growth and Margin Accretive Prepared Foods Category
4 Entry into High Growth and Margin Accretive Prepared Foods Category • Prepared segment focused on P Key Products High-Growth Category with Additional Upside guacamole and other value-add foods, providing exposure to a high growth ~$2.7bn ~8% and margin accretive category 2025 Global 2025 – 2033 Av
Slide 12: Significant Value Creation Opportunity via Synergy Unlock
Significant Value Creation Opportunity For Both Shareholders via 5 Synergy Unlock $25mm, with Meaningful Upside Potential, of Identified and …With an Actionable Achievable Run Rate Synergies… Path to Realization Sourcing ~$25 ~7% Freight Meaningful ~16% SG&A Upside ~48% Potential Packaging and Distr
Slide 13: Strong Combined Financial Profile
5 Strong Combined Financial Profile + FY2025A 1 Net Sales $1,391mm $648mm $2,039mm Adj. EBITDA 1 $111mm $41mm $177mm (Combined Includes ~$25mm in Run-rate Synergies) % margin 8.0% 6.3% 8.7% 1,2,3 Net Leverage Ratio ~0.6x ~(1.4x) ~1.7x Source: Company filings Note: Financial figures are for the 12 mo
Slide 14: Highly Complementary to Existing Growth Strategy with Incremental Upside
Highly Complementary to Existing Growth Strategy with Incremental Upside Capitalize on strong growth trends in our core U.S. PPP 1 market by optimizing our nationwide distribution network Build on our global supply chain and distribution P 2 capabilities to continue developing international markets
Slide 15: Creating Value for All Stakeholders
Creating Value for All Stakeholders Scaled North American Platform, Deeper Customer Coverage, Stronger Grower Network And Improved Sourcing Security Shareholders Growers Meaningful EBITDA growth and cash Stronger partner of choice via sourcing flow generation driven by $25mm security and expanded /
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