Dole (DOLE) Investor presentation summary

Investment highlights

• Global leader in fresh produce with accelerating sector tailwinds and diversified revenue streams.

• Strategic asset base includes 110,000 acres of land, 13 owned vessels, and over 250 facilities worldwide.

• Extensive global sourcing network and deep supplier relationships across multiple continents.

• Iconic brand with 89% consumer awareness and leadership in bananas and pineapples.

• Focus on innovation, category expansion, and disciplined capital allocation for growth.

Market and operational overview

• Health and wellness trends are driving increased demand for fresh produce globally.

• Vertically integrated operations provide control from source to shelf, enhancing supply chain resilience.

• Diversified product portfolio reaches customers in over 85 countries through retail, wholesale, and food service channels.

• Leading positions in bananas and pineapples, with expanding presence in avocados, berries, and other categories.

• Recent product innovations include the launch of premium pineapple variety Colada Royale.

Financial performance and outlook

• FY'25 revenue reached $9.2bn with adjusted EBITDA of $395m and net leverage at 1.5x.

• Revenue and adjusted EBITDA have shown steady growth, with a 4.6% and 3.1% CAGR respectively since 2022.

• Q2'26 results impacted by fresh fruit cost pressures, but diversified model remains resilient.

• Completed Ecuador port sale for ~$95M and acquired Greenfood in Scandinavia post quarter-end.

• FY'26 outlook projects ~$400M adjusted EBITDA, ~$100M capex, and ~$58M interest expense.