Alico (ALCO) Investor presentation summary

Strategic transformation and business model

• Transitioned from citrus production to diversified land management and real estate development, retaining about 75% of land for agriculture and targeting 25% for development opportunities.

• Focused on maximizing value through a "Plan for Every Acre," prioritizing high and best use (HBU) and leveraging conservation programs.

• Near-term development targets 12% of land (~5,600 acres) with an estimated value of $335M–$380M, while long-term development targets 13% (~6,100 acres) valued at $140M–$170M.

• Major projects include Corkscrew Grove Villages, Bonnet Lake, Plant World (LaBelle), Saddlebag Grove, and Lake Buffum, each with specific residential and mixed-use plans.

• Ongoing engagement with agencies and stakeholders ensures integration with community needs and environmental stewardship.

Financial performance and guidance

• Adjusted EBITDA reached $24.2M through June 30, 2026, with full-year guidance of approximately $15M.

• Cash balance at Q3 2026 was $55.6M, expected to be $48M at fiscal year-end, supporting operations through 2029.

• Net debt decreased to $29.8M at Q3 2026, projected to be $37M at year-end.

• Closed $34.6M in land sales YTD, including a significant $26.9M transaction in January 2026.

• $209M in capital returned since 2015, with consistent dividends and a $50M share repurchase program active through 2028.

Conservation and community impact

• Over 40 years of conservation partnerships, including major land donations and sales for preserves, universities, and wildlife corridors.

• Corkscrew Grove Villages will dedicate over 7,000 acres to permanent conservation, supporting regional wildlife corridors.

• Active participant in state and federal conservation programs, enhancing both shareholder value and environmental outcomes.

• Community involvement includes land donations for educational and civic purposes, such as Florida Gulf Coast University.