Del Monte (DMC) Investor presentation summary

Strategic transformation and portfolio evolution

• Expanded from fresh produce to value-added products, including fresh-cut fruit, vegetables, and prepared foods, through acquisitions and innovation over decades.

• Recent divestiture of Mann Packing and acquisition of Del Monte Foods sharpened focus on higher-margin, branded, value-added categories.

• Del Monte Foods acquisition reunites a global brand, consolidates supply chain, and adds complementary products and brands.

• Integration of new assets aims to scale innovation, optimize workforce, and expand distribution across North America, Mexico, and Venezuela.

• Ongoing transformation targets operational excellence, global expansion, and sustainability.

Business segments and global footprint

• Operates in fresh & value-added products, bananas, prepared foods, and other services, with a strong logistics and shipping network.

• Sales and sourcing span North America, Central and South America, Europe, Middle East, Africa, and Asia.

• Leading marketer of pineapples and bananas in the U.S., with significant avocado exports from Mexico.

• Distribution network includes 90,000+ acres under production, 31 distribution centers, 18 fresh-cut facilities, and 6 shipping vessels.

Financial performance and capital allocation

• FY 2025 net sales reached $4.3B, with North America contributing 56% and fresh & value-added products 54% of segment revenue.

• Q2 2026 net sales were $1.22B, driven by Del Monte Foods acquisition, with gross profit at $121M and adjusted EBITDA at $72M.

• Gross margin for Q2 2026 was 9.9%, with prepared foods showing the highest segment margin at 18.9%.

• Net cash from operations in Q2 2026 was $94M; long-term debt stood at $415M; quarterly dividend declared at $0.30/share.

• Share repurchase program announced in 2025, with ~$120M remaining under the plan.