Del Monte (DMC) Investor presentation summary

Company overview and strategic positioning

• Operates as a leading vertically integrated producer, distributor, and marketer of fresh and value-added produce, with a global footprint spanning over 80 countries.

• Maintains a strong asset base, including 90,000+ acres under production, 31 distribution centers, 18 fresh-cut facilities, 6 shipping vessels, and 400+ trucks and trailers.

• Holds top market positions in pineapples, bananas, and avocados, and has pioneered national distribution networks for fresh-cut fruit in the U.S.

• Vision centers on quality, innovation, and sustainability, with a mission to deliver trusted products through ethical and sustainable practices.

• Focuses on product innovation, operational excellence, global expansion, resource efficiency, and talent development.

Recent developments and portfolio changes

• Acquired Del Monte Foods assets in March 2026, expanding prepared foods and enhancing product offerings.

• Divested Mann Packing business in December 2025 to sharpen focus on core fresh fruit and specialty products.

• Launched fuel-efficient shipping vessels and expanded third-party logistics and shipping services.

• Developed new pineapple varieties and expanded into plant-based meal kits and protein snacks.

Financial performance and segment results

• FY 2025 net sales reached $4.3B, with adjusted net sales at $4.1B and gross profit at $399M.

• Q1 2026 net sales were $1.04B, with adjusted EBITDA of $58M and adjusted diluted EPS of $0.63.

• Fresh & value-added products accounted for 54% of revenue, bananas 35%, prepared foods 6%, and other products/services 5%.

• Q1 2026 segment results: fresh & value-added net sales $549M, bananas $357M, prepared foods $83M, other products/services $56M.

• Gross margins varied by segment, with fresh & value-added at 10.9%, bananas at 4.6%, prepared foods at 10.8%, and other products/services at 6.8%.