Dole Plc · NYSE:DOLE
Dole — Shareholder Meeting (June 2023)
19 slides from Dole's shareholder meeting presentation, Jun 26, 2023
Slide 1: AGM Presentation
AGM Presentation June 26, 2023
Slide 2: Disclaimer
Disclaimer Today’s presentation includes forward-looking statements that reflect Dole plc’s current views statement to reflect events or circumstances after the date on which such statement is made with respect to future events, financial performance, expected synergies and industry except as requir
Slide 3: Dole plc Overview
DOLE PLC OVERVIEW
Slide 4: A Global Leader in Fresh Produce
A Global Leader in Fresh Produce 2022 We produce, market and distribute an extensive variety of fresh Revenue produce $9.2bn 2022 Our produce is sourced both locally and from around the world from our deep sourcing network Adjusted EBITDA Sales in over 75 countries, with North America and Europe bei
Slide 5: Global Reach & Resources
Global Reach & Resources 2023 AGM PRESENTATION 5
Slide 6: Our Segments
OUR SEGMENTS Diversified Fresh Produce Diversified Fresh Produce Fresh Fruit Fresh Vegetables EMEA Americas & ROW #1 in North America and #2 in Sell a wide variety of imported Extensive sales and marketing A leader in Fresh Packed Europe for conventional and organic and local fresh fruit and capabil
Slide 7: Multi-Faceted Strategy
Multi-Faceted Strategy FOR SUSTAINABLE LONG-TERM GROWTH Renewed focus on Expand market M&A in a penetration across fragmented and global footprint – growing market “Grow the Core” Grow market share Expand from continued presence in faster product innovation growing and enhanced categories: consumer
Slide 8: Value Creation Through Collaboration
Value Creation Through Collaboration PRODUCTS Accelerated strategic development of REGIONS Increased collaboration between high growth products such as legacy Total Produce and Dole Food Avocados, Berries and Organic Company entities in regions such as Produce the United Kingdom, France and Spain Pr
Slide 9: Sustainability
Sustainability FY’22 Highlights FY’23 Disclosures 4% reduction in Scope 1 and Scope 2 emissions Further to our commitment First disclosure to CDP as Dole plc: achieved B rating in Climate to the Science Based Change Target Initiative (SBTi), Dole plc will set detailed Set 2030 goals for Dole plc emi
Slide 10: Financial Review
FINANCIAL REVIEW
Slide 11: FY'22 Key Developments
FY’22 Key Developments First full financial year post creation of Dole plc Good progress made on integration of legacy businesses and rebranding of European operations Launch of Dole Exotics and “BE Exotic!” brand Released first Dole plc Sustainability Report, outlining medium to long term sustainab
Slide 12: FY'22 Financial Highlights
FY’22 Financial Highlights Revenue ▪ Satisfactory group performance delivered in a challenging FY'22 FY’21 Pro-forma Variance Variance LFL operating environment $9.2bn $9.3bn (0.6%) +5.0% ▪ FY revenue and Adjusted EBITDA in line with guidance Adjusted EBITDA ▪ Revenue in line with prior year pro-for
Slide 13: Q1'23 Highlights
Q1’23 Highlights ▪ Strong results delivered in Q1’23 driven by growth in Revenue – Continuing Operations1 Fresh Fruit and Diversified Fresh Produce EMEA Q1’23 Q1’22 Variance Variance LFL ▪ Announced agreement to sell Fresh Vegetables division to $2.0bn $2.0bn +1.0% +3.7% Fresh Express for gross proc
Slide 14: Segment Results – Continuing Operations
Segment Results – Continuing Operations $’m Q1’23 Q1’22 FY’22 Adjusted Adjusted Adjusted Revenue Revenue Revenue EBITDA EBITDA EBITDA Fresh Fruit 799 69.2 750 60.4 3,047 205.5 Diversified Fresh Produce – EMEA 798 23.4 791 19.3 3,153 111.1 Diversified Fresh Produce – Americas & ROW 423 7.8 464 12.2 1
Slide 15: Capital Allocation and Leverage
Capital Allocation and Leverage CAPEX Invest in our business Q1’23: $17.6m (1) Continuing Operations to drive long term growth Maintain leverage in line LEVERAGE Q1’23: 2.8x (2) with targeted level: 3.0x Q1’23: $0.08 Commitment to return DIVIDEND per share cash to shareholders 1. Total Group capital
Slide 16: FY'23 Strategic Priorities and Outlook
FY’23 STRATEGIC PRIORITIES and OUTLOOK
Slide 17: FY'23 Strategic Priorities
FY’23 Strategic Priorities Efficiently Complete sale Maintain Continuing our focus on expanding managing our of Fresh disciplined our presence in fast growing operating costs Vegetables approach to categories such as berries, avocados in a high division capital and organic produce inflation allocati
Slide 18: FY'23 Outlook
FY’23 Outlook FY’23 Adjusted EBITDA $350m Capital Expenditure ~ $120m 15.7917 in Interest Expense ~ $90m 2023 AGM PRESENTATION 18
Slide 19: Contact: investors@doleplc.com
Contact: investors@doleplc.com