29 slides from Lassonde Industries, Inc. Class A's earnings presentation, Aug 7, 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION Second quarter ended June 27, 2026
Slide 2: Forward-Looking Statements and use of financial measures not in accordance with IFRS
2 Forward-Looking Statements and use of financial measures not in accordance with IFRS 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” withi
Slide 3: Forward-Looking Statements and use of financial measures not in accordance with IFRS (cont'd)
3 Forward-Looking Statements and use of financial measures not in accordance with IFRS (cont’d) The significant factors that could cause actual results to differ materially from the conclusions, forecasts or projections reflected in the forward-looking statements contained herein include, among othe
Slide 4: Strong Gross Profit Growth in Q2
4 Strong Gross Profit Growth in Q2 Effective revenue management Improved product mix Moderating input costs Solid execution of our business strategy Our diversified portfolio performed well ▪ Underscoring its strength and resilience
Slide 5: U.S. Beverage
5 U.S. Beverage Our private label products outperformed the category ▪ Regaining some of the distribution temporarily affected by earlier supply constraints ▪ Disciplined approach to revenue management Expanded volumes secured under the build-back plan with several existing and new customers ▪ Maint
Slide 6: Canadian Beverage
6 Canadian Beverage Maintained our category leadership ▪ Despite cycling strong prior-year period due to “Buy Canadian” and lower category volume ▪ Underscores the strength of our portfolio National brands continued to outpace the category ▪ Solid gains in shelf-stable products ▪ Sustained momentum
Slide 7: Food Service
7 Food Service Continued to build meaningful traction with U.S. broadline distributors ▪ Primarily by expanding private label beverage offerings in different pack formats “Bag-in-a-box” aseptic packaging line ▪ Began supplying tailored beverages to a prominent Canadian-based QSR chain ▪ Initial resu
Slide 8: Specialty Food
8 Specialty Food Both our Canadian and U.S. operations delivered solid gains ▪ Driven by core premium and super-premium pasta sauce categories ▪ Despite lower industry volumes in our key product categories Summer Garden increased volumes for third-party pasta sauces G. Hughes maintained its #1 posit
Slide 9: Sales ($M)
9 Q2 2026 Sales ($M) Key Highlights ✓ FX impact: ▼ $0.7M $742.4 $737.7 ✓ Down 0.5% excluding FX (1%) ✓ Effect of sales volume (mainly Canada): ▼ $21.1M ▼ $11.8M private labels, including ~ $8M from portfolio optimization ▼ $9.3M national brands ✓ Selling price adjustments (mainly U.S.): ▲ $9.7M ▲ $5
Slide 10: Profitability
10 Q2 2026 Profitability Gross Profit ($M) Operating Profit ($M) Adjusted EBITDA(1) ($M) $227.6 $100.7 $54.4 $195.7 +16% $84.4 +19% (27%) $40.0 30.8% 13.7% 26.4% 7.3% 5.4% 11.4% 2025 2026 2025 2026 2025 2026 Key Highlights Higher gross profit Higher SG&A expenses ✓ Decrease in the cost of orange con
Slide 11: Profitability (cont'd)
11 Q2 2026 Profitability (cont’d) Profit Attributable to the Adjusted Profit Attributable to the Shareholders ($M) & EPS Shareholders(1) ($M) & Adjusted EPS(1) $34.3 $50.8 (22%) $26.9 +36% $37.2 $5.03 $7.45 $3.95 $5.47 2025 2026 2025 2026 (1) Financial measure not in accordance with IFRS. Please ref
Slide 12: Days Operating Working Capital
12 Q2 2026 Days Operating Working Capital (1) 100 87 90 85 85 84 78 80 70 Within normal 60 59 51 seasonal 59 range Days 48 50 43 44 46 42 40 40 36 30 23 22 20 20 17 20 10 0 Q2-17 Q2-18 Q2-19 Q2-20 Q2-21 Q2-22 Q2-23 Q2-24 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 DSO (1) DIO (1) DPO (1) Days Operating W/C (1) Sh
Slide 13: Cash Flows ($M)
13 Q2 2026 Cash Flows ($M) Key Highlights Operating Activities $77.8 ✓ Higher operating cash flows in Q2-2026 ▪ Lower working capital requirement this year compared to last ($3.1) ✓ CAPEX of $37.5M in Q2-2026 2025 2026 ✓ 2026 CAPEX expected to reach up to 7% of sales Acquisitions of PP&E and Intangi
Slide 14: Financial Position ($M)
14 Q2 2026 Financial Position ($M) 750 $618.1 $595.5 600 $549.5 $504.0 $489.3 $474.2 $444.6 $433.1 $451.4 $407.7 450 2.03x 300 1.71x $226.1 $235.4 $221.0 1.42x 1.35x $187.3 $197.0 1.22x 150 0 June 28, Sept. 27, Dec. 31, March 28, June 27, June 28, Sept. 27, Dec. 31, March 28, June 27, 2025 2025 2025
Slide 15: Intention to Launch a Normal Course Issuer Bid (NCIB)
15 Intention to Launch a Normal Course Issuer Bid (NCIB) To purchase for cancellation up to 200,000 common shares over a 12-month period Represents approximately 6.5% of the issued and outstanding Class A subordinate voting shares Launch is subject to TSX approval
Slide 16: 2026 Outlook
16 2026 Outlook Focus on executing our Strategy ▪ Strengthening the competitive position of our brands ▪ Accelerating our innovation agenda ▪ Ensuring the readiness of our New Jersey facility Macroeconomic and geopolitical environment remains challenging ▪ Potential implications for consumer spendin
Slide 17: Strategic Priorities
17 Strategic Priorities U.S. Beverage ▪ Leverage investments in single-serve and juice box lines ▪ Maintain disciplined revenue management ▪ Complete the construction of the New Jersey facility Canadian Beverage ▪ Innovation-led growth initiatives ▪ Maintain disciplined revenue management ▪ Strength
Slide 18: Key Commodities and Input Costs
18 Key Commodities and Input Costs Costs ▪ Orange concentrate and, to a lesser extent, apple concentrate costs should be less than last year ▪ Middle East situation adding inflationary pressure to transportation and PET resin costs We are focused on the levers we can manage ▪ Reducing our commodity
Slide 19: Conclusion
19 Conclusion Well positioned to navigate near-term challenges ▪ Focused on advancing our long-term strategy Intent to launch NCIB(1) reflects confidence in our long-term prospects and our belief that our shares are undervalued ▪ Compelling investment in the business ▪ Effective way to create value
Slide 20: Financial Measures Not in Accordance with IFRS
Financial Measures Not in Accordance with IFRS
Slide 21: Financial Measures Not in Accordance with IFRS
21 Financial Measures Not in Accordance with IFRS Items impacting the comparability between periods The table on the right contains a list, description and quantification of items impacting the comparability of the financial performance between the periods. EBITDA and Adjusted EBITDA EBITDA is a fin
Slide 22: Financial Measures Not in Accordance with IFRS (cont'd)
22 Financial Measures Not in Accordance with IFRS (cont’d) Adjusted Profit Attributable to the Corporation’s Shareholders and Adjusted EPS Adjusted profit attributable to the Corporation’s shareholders is a financial measure and adjusted EPS (composed notably of Adjusted profit attributable to the C
Slide 23: Financial Measures Not in Accordance with IFRS (cont'd)
23 Financial Measures Not in Accordance with IFRS (cont’d) Operating Working Capital and Days Operating Working Capital is a financial measure and days operating working capital is a financial ratio that are used by the Corporation to monitor the efficiency of its working capital management and the
Slide 24: Key Information
Key Information
Slide 25: Financial Highlights
25 Financial Highlights (1) This measure does not constitute a standardized financial measure in accordance with the financial reporting framework used to prepare the Corporation's financial statements. Comparing it to a similar financial measure presented by other issuers may not be possible. Refer
Slide 26: Sales Evolution
Sales Evolution Second quarters First six months Private National Total Private National Total (in millions of dollars) labels brands labels brands $ $ $ $ $ $ Sales 2025 411.9 330.5 742.4 796.8 645.3 1,442.1 Selling price adjustments impact 5.6 41 9.7 15.1 16.1 31.3 Volume impact (11.8) (9.3) (21.1
Slide 27: Evolution – Frozen Concentrate Orange Juice
27 Evolution – Frozen Concentrate Orange Juice Source: Trading Economics
Slide 28: Evolution – Apple Juice Concentrate
28 Evolution – Apple Juice Concentrate Source: US Department of Agriculture
Slide 29: Lassonde
— Lassonde