Alico (ALCO) Investor presentation summary

Strategic transformation and business model

• Transitioned from citrus production to diversified land management and real estate development, retaining about 72% of land for agriculture and targeting 28% for development opportunities.

• Focused on maximizing land value through a “Plan for Every Acre,” prioritizing high-value development and leveraging conservation programs.

• Near-term development targets 5,500 acres with an estimated value of $335M–$380M, while long-term development covers 7,100 acres valued at $140M–$170M.

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

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

Conservation and community involvement

• Over 40 years of conservation partnerships, including land donations and sales for wildlife management and university development.

• Active participant in Florida’s Rural and Family Lands Protection Program and Collier Rural Land Stewardship Area Program.

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

• Investments include a $5M wildlife underpass partnership with FDOT to enhance environmental outcomes.

Financial performance and guidance

• Adjusted EBITDA reached $19.6M YTD March 2026, up from $6.1M in the prior year period.

• Closed $34.6M in land sales YTD, with $26.9M in January 2026.

• Fiscal 2026 guidance projects $14M in adjusted EBITDA, $40M year-end cash, and $45M net debt.

• Strong capital returns: $209M since 2015, including $107M since 2021, with consistent dividends and a $50M share repurchase program active through 2028.