SUNOPTA INC. SunOpta Inc. Investor Presentation
1 | © SunOpta Inc. 2023 | November 2023 |
Fueling the Future of Food
SunOpta Inc. Investor Presentation
November 2023
Forward Looking Statements
This presentation may include forward-looking statements and therefore is subject to important risks and uncertainties. Actual results could differ materially from the conclusions, forecasts and projections as certain material factors and assumptions were applied in drawing conclusions and in making the forecasts or projections upon which the forward-looking statements are premised.
Additional information about these material factors and assumptions, as well as other risks, uncertainties and/or
relevant factors, are set forth under "Forward Looking Statements," and "Risk Factors" in the Company's Annual Report on filed Form 10-K for the fiscal year ended December 31, 2022 (available at www.sec.gov), Form 10-Q for the quarter ended September 30, 2023, as well as the Company's earnings press
release issued on November 8, 2023.
2 | © SunOpta Inc. 2023 |
Fueling the Future of Food
SunOpta Inc. Investor Presentation
November 2023
SunOpta is a Global, Healthy Food & Beverage Company with a Strong Focus on Sustainability
Our Revenue Consists of Four Product Categories
$608 Million TTM Q3 2023 Revenues
We are focused on healthy, sustainability-oriented beverages and foods
We have adopted a corporate-wide goal to significantly reduce energy use. In 2020, we began an 8-year challenge to reduce our electricity by 40%, natural gas by 30% and water consumption by 25%
As of 2023, six of our plants have now met our definition of zero waste.
Beverages and broths Fruit snacks Smoothie bowls Ingredients
3 | © SunOpta Inc. 2023 |
(1) Based on TTM September 2023
Fueling the Future of Food
① 5 Reasons to Invest in SunOpta
② We are a plant-based company with a strong commitment to ESG
③ We participate in the #1 global food trend, plant-based foods and beverages
We have competitive advantages in our plant-based segment via supply chain,
④ R&D, customer service and customer integration, with commodity costs typically passed through in our agreements
⑤ We offer the opportunity to invest in the sector, not just an individual brand
We are leveraging our competitive advantages to expand our total addressable market
SunOpta Inc. Investor Presentation
November 2023
4 | © SunOpta Inc. 2023 |
Fueling the Future of Food
SunOpta Inc. Investor Presentation
November 2023
Key Facts
Founded in Canada as a sustainability company Now headquartered in Eden Prairie, MN 1,150 associates
7 plants in the US and Canada
More than 40 acquisitions over the past 15 years
Go-to-market principally in co-manufacturing and private label
Focused on organic; plant-based; healthy products
5 | © SunOpta Inc. 2023 |
Fueling the Future of Food
SunOpta Inc. Investor Presentation
November 2023
Timeline / History
1973
Company founded as Stake Technologies Ltd (STKL) on patented technology designed to convert agricultural by-products into usable products such as animal feed and biofuels.
1999
Acquisition of SunRich Inc,
-
supplier of specialty grains and premium fruit ingredients, marked the
Company's first step into foods.
2003
Name changed to SunOpta Inc. recognizing that the future of the Company was in natural and organic foods. In the words of the
Company's founder and then CEO
Jeremy Kendall, "We believe the name SunOpta reflects our environmental and organic commitment to products nourished
by the 'sun' with 'optimal' nutritional
2003 - 2015
SunOpta continued to grow primarily through business acquisitions, growing its portfolio of ingredient sourcing, value-added processing and consumer packaged products.
2016
SunOpta became a pure-play foods and beverages company and entered a strategic partnership with Oaktree Capital Management LP.
2017
Initiated the Value Creation Plan to drive strategic focus on improving performance and growth in the core business.
6 | © SunOpta Inc. 2023 |
value and environmental responsibility".
Fueling the Future of Food
SunOpta Inc. Investor Presentation
November 2023
Timeline / History
2017 to 2018
Company focused on divestitures of non-core businesses, building a new leadership team and executing on operational improvements to the business.
7
2019
Joe Ennen appointed CEO in April and Scott Huckins appointed CFO in September.
© SunOpta Inc. 2023
2021
Company acquired
2019 to 2020 | WestSoy (later | 2022 |
Company continued to focus | rebranded to West | Completed a two-year |
on go-to-market strategies | Life) and Dream | investment period in |
and driving business growth | brands expanding | order to double our |
and delivered 4 consecutive | branded portfolio | Plant-Based |
quarters of doubling | offering. | manufacturing capacity. |
Adjusted EBITDA! Divested | Divested Sunflower | |
Global Ingredients business. | business. |
2023
Company divested Frozen Fruit business, completing multi-year portfolio transformation to a 100% value-add portfolio composition.
Fueling the Future of Food
SunOpta Inc. Investor Presentation
November 2023
Five StrategicSunOptaImperativeshasthata ClearwillSetDeliverof StrategicOutstandingPr oritiesFinancial Results
8 | © SunOpta Inc. 2023 |
Fueling the Future of Food
SunOpta Inc. Investor Presentation
November 2023
SunOpta has a Solid Growth Plan to Continue Delivering Exceptional Shareholder Value
Adjusted EBITDA Trend (1)
Continuing operations
-
When comparing Q3 '23 to Q3 '22, revenue and adjusted
EBITDA increased 6% and 8% respectively
-
When comparing Q3 '23 to Q3 '22, revenue and adjusted
- Adjusted EBITDA is a non-GAAP measure. Ref er to slide 31 f or a reconciliation to the most comparable GAAP measure.
9 | © SunOpta Inc. 2023 |
Fueling the Future of Food
Recent history of portfolio transformation
SunOpta Inc. Investor Presentation
November 2023
2020
Divested
Tradin Organics to invest in plant-based capacity expansion
2022
Divested
Sunflower business given commodity nature of the business
2023
Divested
Frozen Fruit business as last remaining significant non-core business
10 | © SunOpta Inc. 2023 |
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SunOpta Inc. published this content on 08 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2023 08:32:14 UTC.
