Dole Plc · NYSE:DOLE
Dole — Shareholder Meeting (May 2025)
19 slides from Dole's shareholder meeting presentation, May 21, 2025
Slide 1: AGM Presentation
AGM PRESENTATION May 21, 2025
Slide 2: Disclaimer
Disclaimer Today’s presentation includes forward-looking statements that reflect looking statements speak only as of the date on which such statements are Dole plc’s current views with respect to future events, financial made, and we do not undertake any obligation to update any forward- performance
Slide 3: Dole plc Overview
DOLE PLC OVERVIEW
Slide 4: A Global Leader in Fresh Produce
A Global Leader in Fresh Produce Produce, market and distribute an extensive variety of fresh produce $8.5bn $392m Products sourced both locally and from around the 2024 2024 world from our deep sourcing network ADJUSTED REVENUE EBITDA (1) Sales in over 85 countries, with North America and Europe be
Slide 5: Highly Valuable Strategic Asset Base
Highly Valuable Strategic Asset Base • Total Asset Value: $4.4 billion • Extensive infrastructure and strategic asset base provides superior control over the supply chain • 250+ facilities including ~160 marketplace and distribution operations, ~75 pack houses, cold storage and ripening facilities •
Slide 6: Deep Sourcing Network: Year-Round Product Availability
Deep Sourcing Network: Year-Round Product Availability Multi-continental sourcing model utilizing own production capabilities and strong supplier relationships THE AMERICAS EUROPE AFRICA REST OF THE WORLD OWN PRODUCTION 3RD PARTY SOURCE TOP 10 3RD PARTY SOURCE 6
Slide 7: Fresh Fruit
Fresh Fruit SEGMENT OVERVIEW BUSINESS MODEL ✓ Largest global banana and pineapple company • Vertically integrated model ✓ ~140m boxes of bananas and ~30m boxes of pineapples sold annually • Growing > Harvesting > Packing > Loading > Shipping > Ripening > Distribution > Marketing ✓ #1 in North Americ
Slide 8: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA SEGMENT OVERVIEW BUSINESS MODEL ✓ Industry leader in Europe • Primarily an asset light model ✓ Diverse customer and fresh produce portfolio across all sales channels • Sourcing > Handling > Packing > Distribution > Marketing ✓ Coordinated procurement - connection to lo
Slide 9: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce Americas & ROW SEGMENT OVERVIEW BUSINESS MODEL ✓ Leading grower, distributor, and marketer of fresh produce • Primarily an asset light model ✓ Marketing globally and locally sourced fresh produce from third party • Growing > Sourcing > Handling > Packing > Distribution > Ma
Slide 10: Discontinued Operations: Fresh Vegetables
Discontinued Operations: Fresh Vegetables SEGMENT OVERVIEW EXIT PROCESS • On March 28, 2024, we announced the termination of the agreement ✓ A leader in Fresh Packed Vegetables and Value-Added Salads in the to sell the Fresh Vegetable division to Fresh Express due to the U.S. U.S. Department of Just
Slide 11: Multi-Faceted Strategy For Sustainable Long-Term Growth
Multi-Faceted Strategy For Sustainable Long-Term Growth Expand market Optimize our Grow market share penetration supply chain to from continued across global unlock further product innovation footprint – opportunities and enhanced “Grow the Core” for growth consumer insights Expand presence Utilise
Slide 12: Financial Review
FINANCIAL REVIEW
Slide 13: FY'24 Highlights and Key Developments
FY’24 Highlights and Key Developments • Continued good momentum across the Group in 2024 $8.5bn $392m $1.27 • Delivered organic growth in our core business areas and categories REVENUE ADJUSTED ADJUSTED EBITDA (3) DILUTED EPS (3) • Full year financial result exceeded guidance • Sale of equity intere
Slide 14: Q1'25 Highlights
Q1’25 Highlights • Good result delivered in Q1’25, ahead of expectations • 4% increase in Revenue on a LFL basis $2.1bn $105m $0.35 REVENUE ADJUSTED ADJUSTED • Adjusted EBITDA lower due to decrease in EBITDA DILUTED EPS Fresh Fruit • Adjusted Diluted EPS lower due to decrease in Adjusted EBITDA and
Slide 15: Segment Results
Segment Results $’m Q1’25 Q1’24 FY’24 FY’23 Adjusted Adjusted Adjusted Adjusted Revenue Revenue Revenue Revenue EBITDA EBITDA EBITDA EBITDA Fresh Fruit 878 63.3 824 69.4 3,293 214.8 3,136 208.9 Diversified Fresh Produce – EMEA 892 27.7 854 26.0 3,609 131.5 3,433 133.6 Diversified Fresh Produce – Ame
Slide 16: Capital Allocation and Net Leverage
Capital Allocation and Net Leverage CASH CAPEX (4) Continuing Operations Q1’25: $(53m) | FY’24: $(82m) NET DEBT & NET LEVERAGE (5) FREE CASH FLOW (5) Continuing Operations $’m Mar 31, 2025 Dec 31, 2024 Mar 31, 2024 Q1’25: $(132m) | FY’24: $180m Total Gross Debt (996.9) (967.1) (1,015.2) Cash and Cas
Slide 17: FY'25 Outlook & Strategic Priorities
FY ’25 OUTLOOK & STRATEGIC PRIORITIES
Slide 18: FY'25 Outlook
FY’25 Outlook Outlook as of May 12, 2025 Adjusted EBITDA Maintenance Capex Interest Expense Continuing Operations Continuing Operations At least $380m ~ $100m ~$70m Prior guidance: No change No change ~$370m - $380m 18
Slide 19: Thank You
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