Slide 1: Fiscal Year 2024 Fourth Quarter & Year-End Results
Fiscal Year 2024 Fourth Quarter & Year-End Results June 7, 2024 2022 2023 Saputo Saputo Inc.Inc. andand affiliates. affiliates. All rights All rights reserved. reserved.
Slide 2: Caution Regarding Forward-Looking Information
Caution Regarding Forward-Looking Information This presentation and accompanying oral presentation contain statements which are forward-looking statements within the meaning of applicable securities laws. These forward-looking statements include, among others, statements with respect to our objectiv
Slide 3: FY24 Highlights
FY24 Highlights • Dynamic macro-economic environment, including commodity price volatility, a challenged consumer, and ongoing inflationary pressures. • Core business performed well by remaining focused on elements within our control. • Made meaningful progress on operational efficiencies, cost savi
Slide 4: Q4-FY24 Consolidated Results
Q4-FY24 Consolidated FINANCIAL HIGHLIGHTS • Strong cash generation from operating activities of $371 million. Results • Global dairy market conditions and volatile commodity markets continued to be unfavourable to Saputo’s results. For the quarter ended March 31, 2024 ◦ USA Market Factors2 had a neg
Slide 5: Canada Sector
HIGHLIGHTS BY SECTOR Canada Sector For the quarter ended March 31, 2024 (in millions of CDN dollars) Q4-FY24 vs. Q4-FY23 Revenues 1,192 3.1% Adjusted EBITDA 138 3.0% Adjusted EBITDA margin 11.6% Our ongoing cost containment measures implemented to minimize the effect of inflation, along with lower l
Slide 6: USA Sector
HIGHLIGHTS BY SECTOR USA Sector For the quarter ended March 31, 2024 (in millions of CDN dollars) Q4-FY24 vs. Q4-FY23 Revenues 1,928 (6.5%) Adjusted EBITDA 138 (3.5%) Adjusted EBITDA margin 7.2% USA Market Factors1 had an unfavourable impact of $61 million on adjusted EBITDA, as compared to the same
Slide 7: International Sector
HIGHLIGHTS BY SECTOR International Sector For the quarter ended March 31, 2024 (in millions of CDN dollars) Q4-FY24 vs. Q4-FY23 Revenues 1,135 17.9% Adjusted EBITDA 88 4.8% Adjusted EBITDA margin 7.8% The continued disconnect in the relation between the international cheese and dairy ingredient mark
Slide 8: Europe Sector
HIGHLIGHTS BY SECTOR Europe Sector For the quarter ended March 31, 2024 (in millions of CDN dollars) Q4-FY24 vs. Q4-FY23 Revenues 290 1.0% Adjusted EBITDA 15 (51.6%) Adjusted EBITDA margin 5.2% Results continued to be negatively impacted by the selling of inventory produced at higher milk prices thr
Slide 9: FY25 Outlook
• Inflationary pressures are anticipated to moderate versus the prior year, however labour costs may remain elevated in addition to increases in marketing and advertising investments to support new product launches and our brands. • We expect USA dairy markets to progressively improve throughout the
Slide 10: Fiscal 2025 First Quarter Results
Fiscal 2025 First Quarter Results August 9, 2024 2022 Saputo Inc. and affiliates. All rights reserved.
Slide 11: Appendix
Appendix + re oye
Slide 12: Quarterly Financial Information by Sector
Quarterly Financial Information by Sector Fiscal years 2024 2023 (in millions of CDN dollars) Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Revenues Canada 1,192 1,271 1,248 1,211 1,156 1,213 1,185 1,142 USA 1,928 2,056 1,950 1,876 2,062 2,172 2,062 2,043 International 1,135 636 879 868 963 917 989 916 Europe 290 304 246
Slide 13: Investor Relations
Investor Relations Nicholas Estrela Senior Director, Investor Relations Saputo Inc. 1000 de la Gauchetière Street West, Suite 2900 Montréal, QC Canada H3B 4W5 514-328-3117 nicholas.estrela@saputo.com www.saputo.com