Dole Plc · NYSE:DOLE
Dole — Investor Presentation (August 2025)
28 slides from Dole's investor presentation, August 2025
Slide 1: Investor Presentation August 2025
INVESTOR PRESENTATION August 2025
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking statements that reflect Dole looking statements speak only as of the date on which such statements are plc’s current views with respect to future events, financial performance, made, and we do not undertake any obligation to update any forward- e
Slide 3: Dole plc Overview
DOLE PLC OVERVIEW
Slide 4: A Global Leader in Fresh Produce
A Global Leader in Fresh Produce Produce, market and distribute an extensive variety of fresh produce $8.5bn $392m Products sourced both locally and from around the 2024 2024 world from our deep sourcing network ADJUSTED REVENUE EBITDA (1) Sales in over 85 countries, with North America and Europe be
Slide 5: Highly Valuable Strategic Asset Base
Highly Valuable Strategic Asset Base • Total Asset Value: $4.4 billion • Extensive infrastructure and strategic asset base provides superior control over the supply chain • 250+ facilities including ~160 marketplace and distribution operations, ~75 pack houses, cold storage and ripening facilities •
Slide 6: Deep Sourcing Network: Year-Round Product Availability
Deep Sourcing Network: Year-Round Product Availability Multi-continental sourcing model utilizing own production capabilities and strong supplier relationships THE AMERICAS EUROPE AFRICA REST OF THE WORLD OWN PRODUCTION 3RD PARTY SOURCE TOP 10 3RD PARTY SOURCE 6
Slide 7: Diversified Revenue Streams & Leadership in Key Categories
Diversified Revenue Streams & Leadership in Key Categories LEADERSHIP POSITIONS SALES BY CATEGORY 2% 2% Bananas Pineapples Grapes Diversified Produce Tropical Fruit 34% 62% Commercial Cargo Other SALES BY CHANNEL #1 In North #2 In North #1 Global 2% 1% America America Exporter 6% Retail Wholesale #1
Slide 8: An Iconic Brand; Strong Consumer Awareness
An Iconic Brand; Strong Consumer Awareness Logo aided awareness Word aided awareness Unaided awareness General - Know it when they see it Base: n=1.000 persons ranked acc. to logo aided awareness Top of Mind - Top 3 8
Slide 9: Multi-Faceted Strategy For Sustainable Long-Term Growth
Multi-Faceted Strategy For Sustainable Long-Term Growth Expand market Optimize our Grow market share penetration supply chain to from continued across global unlock further product innovation footprint – opportunities and enhanced “Grow the Core” for growth consumer insights Expand presence Utilise
Slide 10: Our Operating Segments
Our Operating Segments Fresh Fruit 20% DIVERSIFIED • Market-leading and vertically-integrated producer and 2024 AMERICAS 38% distributor of bananas, pineapples and plantains SEGMENT REVENUE FRESH FRUIT • Products sourced from local growers and Dole-owned farms • Key sales markets: North America and
Slide 11: Fresh Fruit
Fresh Fruit SEGMENT OVERVIEW BUSINESS MODEL ✓ Largest global banana and pineapple company • Vertically integrated model ✓ ~150m boxes of bananas and ~30m boxes of pineapples sold annually • Growing > Harvesting > Packing > Loading > Shipping > Ripening > Distribution > Marketing ✓ #1 in North Americ
Slide 12: Our Shipping Network
Our Shipping Network 1) 2) The Europe service comprises 4 vessels owned by Dole and 1 vessel on charter Represents one way time duration 12
Slide 13: Diversified Fresh Produce EMEA
Diversified Fresh Produce EMEA SEGMENT OVERVIEW BUSINESS MODEL ✓ Industry leader in Europe • Primarily an asset light model ✓ Diverse customer and produce portfolio across all sales channels • Sourcing > Handling > Packing > Distribution > Marketing ✓ Coordinated procurement - connection to local pr
Slide 14: Our Marketplace Operations - EMEA
Our Marketplace Operations - EMEA • Network of 100+ sales, sourcing and warehousing operations in strategic locations • Modern warehousing solutions in all our key markets • Dedicated in house logistics companies in Scandinavia, Eastern Europe and South Africa • Up to date technologies including rob
Slide 15: Diversified Fresh Produce Americas & ROW
Diversified Fresh Produce Americas & ROW SEGMENT OVERVIEW BUSINESS MODEL ✓ Leading grower, distributor, and marketer of fresh produce • Primarily an asset light model ✓ Marketing globally and locally sourced fresh produce from third • Growing > Sourcing > Handling > Packing > Distribution > party gr
Slide 16: Our Marketplace Operations: Americas & ROW
Our Marketplace Operations: Americas & ROW • Extensive sales and marketing capabilities throughout the Americas & ROW • Integrated supply chain: 25+ sales offices, 20+ packing plants, 10+ cold storage • Logistics expertise in North and South America • ~5,000 acres of own production for products such
Slide 17: Financial Review
FINANCIAL REVIEW
Slide 18: Historical Performance – Continuing Ops
Historical Performance – Continuing Ops Revenue by Segment - $’m Revenue Phasing by Quarter CAGR: 2.4% 8,475 8,245 8,005 8,024 7,702 1,686 24% 24% 25% 25% 26% 1,800 1,779 1,966 1,713 26% 25% 24% 25% 24% 3,609 3,433 3,263 3,438 3,153 26% 27% 26% 26% 25% 3,047 3,136 3,294 2,796 2,877 24% 24% 25% 24% 2
Slide 19: Historical Performance - Continuing Ops
Historical Performance - Continuing Ops Adjusted EBITDA by Segment - $’m Adjusted EBITDA Phasing by Quarter CAGR: 4.9% 387 385 392 360 18% 17% 20% 19% 53 43 46 22% 324 44 14% 54 24% 21% 132 22% 22% 129 134 111 103 37% 31% 32% 32% 31% 206 206 209 215 168 32% 27% 25% 26% 28% (4) 2020PF (4) 2021PF 2022
Slide 20: Capital Additions and Free Cash Flow
Capital Additions and Free Cash Flow (5) Capital Additions - $’m Free Cash Flow - $’m 70% Expansion of fleet: two 66% vessels added by way 250.0 of finance lease 135.7 60% 57% 200.0 50% 53.3 46% 85.5 86.9 40% 8.9 150.0 237.2 30% 220.6 100.0 180.3 85.5 82.4 20% 78.0 50.0 10% 2022A 2023A 2024A 0.0 0%
Slide 21: Q2’25 Highlights
Q2’25 Highlights • Very strong result delivered in Q2’25 • Increase in Revenue and Adjusted EBITDA on $2.4bn $137m $0.55 a reported and LFL basis (6) REVENUE ADJUSTED ADJUSTED EBITDA DILUTED EPS • Growth driven by strong performance across all segments • Adjusted Net Income and Adjusted Diluted +14%
Slide 22: Group Results
Group Results Q2’25 Q2’24 H1’25 H1’24 Revenue - $’m 2,428 2,124 4,528 4,245 Income from Continuing Operations - $’m 52.9 56.0 97.1 127.5 Net Income - $’m 18.0 88.1 62.1 153.5 Net Income attributable to Dole plc - $’m 10.0 80.1 48.9 150.3 Diluted EPS from Continuing Operations - $ 0.46 0.50 0.87 1.30
Slide 23: Segment Results
Segment Results $’m Q2’25 Q2’24 H1’25 H1’24 Adjusted Adjusted Adjusted Adjusted Revenue Revenue Revenue Revenue EBITDA EBITDA EBITDA EBITDA Fresh Fruit 972 72.7 851 70.6 1,851 136.1 1,676 140.0 Diversified Fresh Produce – EMEA 1,101 49.0 945 42.7 1,993 76.6 1,798 68.7 Diversified Fresh Produce – Ame
Slide 24: Capital Allocation and Net Leverage
Capital Allocation and Net Leverage CASH CAPEX (7) Continuing Operations Q2’25: $(19.4m) | H1’25: $(72.2m) NET DEBT & NET LEVERAGE FREE CASH FLOW Continuing Operations $’m Jun 30, 2025 Dec 31, 2024 Jun 30, 2024 Q2’25: $(1.0m) | H1’25 $(132.6m) Total Gross Debt (1,105.7) (967.1) (987.2) Cash and Cash
Slide 25: FY ’25 Outlook & Strategic Priorities
FY ’25 OUTLOOK & STRATEGIC PRIORITIES
Slide 26: FY’25 Outlook
FY’25 Outlook Outlook as of August 11, 2025 Adjusted EBITDA Maintenance Capex Interest Expense Continuing Operations Continuing Operations ~$380 - $390m ~ $100m ~$67m Prior guidance: No change Prior guidance: At least $380m ~$70m 26
Slide 27: FY’25 Strategic Priorities
FY’25 Strategic Priorities Accelerating growth in core Investing for growth while maintaining a business areas and disciplined approach categories to capital allocation Advancing on our Exiting the Fresh sustainability goals Completed Vegetables and adapting to August 5, 2025 business regulatory cha
Slide 28: Thank You
THANK YOU [email protected]