Saputo (SAP) 28th Annual CIBC Retail and Consumer Conference summary

Team introductions and conference overview

• New team members Ty Collin and Chantel Pearce were introduced, with Ty set to close the conference.

• Saputo CEO Carl Colizza attended for the first time as CEO, having extensive operational experience.

U.S. operations and investments

• $30 million in benefits realized from recent U.S. capital investments, with more expected.

• Network optimization and automation nearly complete, especially in mozzarella manufacturing.

• Franklin site consolidation to finish by year-end, expected to deliver the largest returns.

• Targeting $100 million in benefits from U.S. investments by fiscal year-end, with further gains next year.

Global operations and market outlook

• Canadian and Australian network optimizations are complete, now in steady state.

• U.K. optimization is two-thirds complete, with further cost reductions and margin improvements expected.

• Australia is stable, with focus shifting to food service and export opportunities in Asia.

• Argentina remains volatile but is expected to stabilize, with strong export potential if trade agreements improve.