Rogers Sugar Inc. · TSX:RSI
Rogers Sugar — BMO Farm to Market Conference 2024
10 slides from Rogers Sugar's conference presentation, May 15, 2024
Slide 1: Rogers Sugar Inc. BMO Farm to Market Conference
Rogers Sugar Inc. TSX: RSI BMO Farm to Market Conference May 15, 2024
Slide 2: You can't make everybody happy. You're not sugar.
YOU CAN'T MAKE EVERYBODY HAPPY. YOURE NOT SUGAR. Be moderate in order to taste the joys of life in abundance. ~ Epicurus AZ QUOTES
Slide 3: Why Invest in the Sugar Industry?
Why Invest in the Sugar Industry? ▪ Functional ingredient in Sugar Consumption in the United States most manufactured food products ▪ All natural ▪ No substitute provides same properties of colour, consistency, taste ▪ Favourable economics ▪ Exposure to a broad range of the food industry Almost ever
Slide 4: Why Invest in Sugar in Canada?
Why Invest in Sugar in Canada? ▪ North America is a large sugar market ▪ Mexico and the United States are in deficit ▪ Canada is a great place to be a sugar producer because it offers: ➢ An attractive exchange rate ➢ Stable government and trade policy framework Food producers ➢ Favourable trade link
Slide 5: Growth in Canadian Food Manufacturing
Growth in Canadian Food Manufacturing Because of these advantages, makers of sugar-containing products are choosing to locate in Canada. As our customers grow, we grow. Barry Callebaut invests $100 million Blommer to Shutter Chicago Manufacturing Hershey buys back Canada site into Canadian facility
Slide 6: Who is Rogers Sugar?
Who is Rogers Sugar? Rogers Sugar Inc. TSX: RSI ▪ Largest sugar producer in Canada ▪ Making sugar in Canada for 140 years ▪ Refining cane and beet sugar in large- scale refineries in Central and Western Canada ▪ Largest distributor of Maple products in world ▪ Growing business with strong outlook ▪
Slide 7: New Management Team Focus on Profitability
New Management Team Focus on Profitability Revenue ($000s) Adjusted EBITDA ($000s) $1,200,000 $120,000 $1,000,000 $100,000 $800,000 $80,000 $600,000 $60,000 $400,000 $40,000 $200,000 $20,000 $0 $0 2017 2018 2019 2020 2021 2022 2023 2024 2017 2018 2019 2020 2021 2022 2023 2024 7
Slide 8: Rogers Refined: Better company, better investment
Rogers Refined: Better company, better investment Strategic Focus Long-term Goal Progress to Date Modernizing, Optimizing and Modernized, expanded facilities and labour • 22% increase in Growing in Sugar agreements that enable long-term growth adjusted EBITDA Automated and efficient production from
Slide 9: Record Results in Q2
Record Results in Q2 Revenues ($000s) $350,000 ▪ New five-year agreement at +10.3% $300,000 Vancouver refinery +2.1% Y/Y $250,000 growth ▪ Advanced progress of LEAP: $200,000 construction to begin in $150,000 +12.4% Y/Y Montreal this summer growth $100,000 $50,000 $0 Record consolidated Q2 2023 Q3 2
Slide 10: Outlook
Outlook ▪ Economics, trade ties, location continue to favour Canadian sugar ▪ Demand is growing and we are positioning our business to meet that demand ▪ Added capacity in Montreal and Vancouver will enable us to grow Sugar volumes ▪ Investing in efficiencies and automation in Maple ▪ ANOTHER year o