INNOVATING FOR A BETTER WORLD TOMORROW Fresh Del Monte Produce Inc. Investor Relations August 4, 2021 Forward-Looking Statements This presentation contains certain forward-looking statements regarding the intent, beliefs or current expectations of the Company or its officers with respect to the Company's plans and future performance. These forward-looking statements are based on information currently available to the Company and the Company assumes no obligation to update these statements. It is important t ...

Financial Data and Key Metrics Changes - Gross profit for Q2 2021 increased by 40% year-over-year, with gross margin rising from 7.2% to 9.6% [6] - Net sales increased by $49 million or 5% to $1.142 billion, driven primarily by fresh and value-added business segments [12] - Adjusted net income rose by $21 million or 82% to $47 million, with diluted earnings per share increasing to $0.99 from $0.38 [14] - Adjusted EBITDA increased by 32%, with adjusted EBITDA margin rising from 5.8% to 7.3% [15] Business Segment Data and Key Metrics Changes - Fresh and value-added products segment saw net sales increase by $38 million or 6%, driven by higher demand for pineapple, fresh-cut fruit, and vegetables [16] - Adjusted gross profit in the fresh and value-added products segment increased by 28% to $59 million, supported by higher sales volumes and prices [18] - Banana segment net sales decreased by $3 million to $427 million, but adjusted gross profit increased by 16% or $7 million due to higher per unit sales prices [20] Market Data and Key Metrics Changes - The foreign currency impact at the gross profit level was favorable by $11 million, compared to an unfavorable effect of $1 million in the prior year [22] - Cash flow from operating activities increased to $140 million from $111 million in the prior year, attributed to higher net income [24] Company Strategy and Development Direction - The company is focusing on transforming into a value-added global food company, with strategic initiatives in Europe leading to increased efficiencies and cost savings [7][9] - A licensing agreement with a UK retailer for frozen fruit and chili juices presents new revenue opportunities in Europe, with potential expansion to the Middle East and Africa [9] - The company plans to publish its annual corporate responsibility and sustainability report, highlighting its guiding principles and progress [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged facing unprecedented disruptions in global supply chains and labor shortages, leading to significant cost increases [7] - Inflationary pressures are expected to persist in the near term, prompting a comprehensive review of pricing strategies [8] - The second half of the year is historically tougher for the industry, with management cautious about ongoing inflation and cost pressures [10] Other Important Information - The Board of Directors approved an increase in the quarterly cash dividend to $0.15 per share, reflecting a strong cash position [10][28] - Total debt decreased from $542 million at the end of 2020 to $474 million at the end of Q2 2021, with total debt standing below two times adjusted EBITDA [27] Q&A Session Summary Question: Outlook on banana supply for the second half of the year - Management indicated that supply is constant and available, with no shortage in the market, but pricing pressures exist due to retailer leverage [31][32] Question: Impact of supply chain pressures on pricing across the industry - Management noted that cost pressures affect all segments, and they have implemented price increases to offset some of these costs [33][34] Question: Changes in the retail environment post-COVID - Management stated that the retail environment remains unchanged, despite efforts to maintain consistent supply, and highlighted past challenges with excess inventory [38][39]

——————————— UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————————— FORM 10-Q ——————————— (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 02, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 333-07708 (Commission file number) ——————————— FRESH DEL MONTE PRODUCE INC. (Exact Name of Registrant as Specified in It ...

Fresh Del Monte Produce, Inc. (NYSE:FDP) Q1 2021 Earnings Conference Call May 5, 2021 10:00 AM ET Company Participants Christine Cannella - VP & IR Officer Mohammad Abu-Ghazaleh - Chairman & CEO Eduardo Bezerra - CFO, CAO & SVP Conference Call Participants Jonathan Feeney - Consumer Edge Research Operator Good morning, everyone, and welcome to the Fresh Del Monte Produce First Quarter 2021 Earnings Conference Call. Today's conference call is being broadcast live over the Internet and is also being recorded ...

——————————— Title of each class Trading Symbol Name of each exchange on which registered Ordinary Shares, $0.01 Par Value Per Share FDP New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————————— FORM 10-Q ——————————— (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 02, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...

Fresh Del Monte Produce Inc. (NYSE:FDP) Q4 2020 Earnings Conference Call February 24, 2021 10:00 AM ET Company Participants Christine Cannella - Vice President, Investor Relations Mohammad Abu-Ghazaleh - Chairman and Chief Executive Officer Eduardo Bezerra - Senior Vice President and Chief Financial Officer Conference Call Participants Jonathan Feeney - Consumer Edge Mitch Pinheiro - Sturdivant Operator Good day, everyone and welcome to Fresh Del Monte Produce's Fourth Quarter and Full Year 2020 Conference ...

PART I: FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Presents the unaudited consolidated financial statements for the quarterly period ended September 25, 2020 [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets and liabilities decreased slightly as of September 25, 2020 compared to year-end 2019 Consolidated Balance Sheet Highlights (in millions) | Balance Sheet Item | Sep 25, 2020 | Dec 27, 2019 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $14.0 | $33.3 | | Inventories, net | $500.5 | $551.8 | | Total current assets | $990.0 | $1,051.5 | | Property, plant and equipment, net | $1,398.6 | $1,403.2 | | **Total assets** | **$3,281.4** | **$3,349.9** | | **Liabilities & Equity** | | | | Accounts payable and accrued expenses | $504.7 | $522.2 | | Long-term debt and finance leases | $510.8 | $586.8 | | **Total liabilities** | **$1,489.5** | **$1,550.9** | | **Total shareholders' equity** | **$1,741.4** | **$1,743.7** | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) Net sales and net income declined for the nine-month period ending September 25, 2020 Q3 and Nine-Month Performance (in millions, except per share data) | Metric | Q3 2020 | Q3 2019 | Nine Months 2020 | Nine Months 2019 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $989.7 | $1,070.2 | $3,200.0 | $3,463.8 | | Gross profit | $67.3 | $76.2 | $214.5 | $268.9 | | Operating income | $26.6 | $27.1 | $77.4 | $125.6 | | Net income attributable to FDP | $17.4 | $18.1 | $48.3 | $92.3 | | Diluted EPS | $0.37 | $0.38 | $1.01 | $1.90 | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow increased while investing and financing outflows led to a net decrease in cash Nine-Month Cash Flow Summary (in millions) | Cash Flow Activity | Nine Months Ended Sep 25, 2020 | Nine Months Ended Sep 27, 2019 | | :--- | :--- | :--- | | Net cash provided by operating activities | $173.9 | $130.1 | | Net cash used in investing activities | ($82.5) | ($44.8) | | Net cash used in financing activities | ($111.4) | ($96.3) | | **Net decrease in cash and cash equivalents** | **($19.3)** | **($5.0)** | | Cash and cash equivalents, ending | $14.0 | $16.3 | [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Key notes cover new accounting standards, tax disputes, insurance recoveries, and segment performance - The company adopted the new credit loss standard (ASC 326) in 2020, resulting in a **$1.2 million cumulative-effect adjustment** to retained earnings[39](index=39&type=chunk) - The company is contesting income tax deficiencies of approximately **$145.8 million** (including interest and penalties) from two foreign jurisdictions[49](index=49&type=chunk) - For the nine months ended September 25, 2020, the company recognized a **$10.4 million insurance recovery** related to a 2019 voluntary product recall[48](index=48&type=chunk)[95](index=95&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes the financial results, focusing on the COVID-19 impact and liquidity management [COVID-19 Pandemic Impact](index=38&type=section&id=COVID-19%20Pandemic%20Impact) The COVID-19 pandemic materially impacted net sales due to volatile demand and increased costs - The COVID-19 pandemic negatively impacted net sales by an estimated **$73.0 million in Q3 2020** and **$232.0 million in the first nine months of 2020**[178](index=178&type=chunk)[199](index=199&type=chunk) - Impacts included volatile supply/demand, reduced foodservice demand, and increased costs for safety protocols[164](index=164&type=chunk) - To conserve liquidity, the company **reduced its quarterly cash dividend from $0.10 to $0.05 per share** and delayed certain capital expenditures[165](index=165&type=chunk) [Results of Operations](index=41&type=section&id=Results%20of%20Operations) Net sales and gross profit declined in Q3 and the first nine months due to lower volumes and pricing Q3 2020 vs Q3 2019 Performance (in millions) | Metric | Q3 2020 | Q3 2019 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net Sales | $989.7 | $1,070.2 | ($80.5) | -7.5% | | Gross Profit | $67.3 | $76.2 | ($8.9) | -11.7% | | Operating Income | $26.6 | $27.1 | ($0.5) | -1.8% | Nine Months 2020 vs 2019 Performance (in millions) | Metric | Nine Months 2020 | Nine Months 2019 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net Sales | $3,200.0 | $3,463.8 | ($263.8) | -7.6% | | Gross Profit | $214.5 | $268.9 | ($54.4) | -20.2% | | Operating Income | $77.4 | $125.6 | ($48.2) | -38.4% | - The decrease in Q3 net sales was driven by lower sales of fresh-cut vegetables, avocados, and fresh-cut fruit[180](index=180&type=chunk) - Banana segment gross profit **decreased by $7.8 million in Q3 2020** due to lower per unit sales prices[186](index=186&type=chunk) [Liquidity and Capital Resources](index=48&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity is supported by strong operating cash flow and a $1.1 billion revolving credit facility - Net cash from operating activities **increased to $173.9 million** for the first nine months of 2020, up from $130.1 million in the prior year[222](index=222&type=chunk) - Capital expenditures were **$92.9 million** for the first nine months of 2020, including payments for six new refrigerated container ships[223](index=223&type=chunk) - The company has a five-year, **$1.1 billion senior unsecured revolving credit facility** with $510.7 million outstanding as of September 25, 2020[230](index=230&type=chunk)[231](index=231&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=53&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages fuel price risk using bunker fuel swap agreements - The company uses **bunker fuel swap agreements** to hedge against rising fuel prices for its shipping operations[254](index=254&type=chunk) - As of September 25, 2020, the fair value of bunker fuel swap cash flow hedges was a **net liability of $1.6 million**[255](index=255&type=chunk) - A hypothetical **10% change in market fuel prices** would alter the fair value of the swap contracts by **$4.1 million**[256](index=256&type=chunk) [Controls and Procedures](index=54&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed effective with no material changes to internal controls - Management, including the CEO and CFO, concluded that as of September 25, 2020, the company's **disclosure controls and procedures were effective**[259](index=259&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=55&type=section&id=Item%201.%20Legal%20Proceedings) The company settled a CARB matter and is contesting significant foreign income tax deficiencies - On August 2, 2020, the company settled with the California Air Resource Board (CARB) for a total of **$2.0 million** without admitting liability[262](index=262&type=chunk) - The company is contesting approximately **$145.8 million in proposed income tax deficiencies** from two foreign jurisdictions for tax years 2012-2016[263](index=263&type=chunk) [Risk Factors](index=55&type=section&id=Item%201A.%20Risk%20Factors) Key risks include the ongoing adverse effects of the COVID-19 pandemic and potential asset impairment - The COVID-19 pandemic is adversely affecting business operations, with an estimated **$232.0 million in lost sales** for the first nine months of 2020[265](index=265&type=chunk)[267](index=267&type=chunk) - The pandemic poses a risk to long-term liquidity, though current cash flows and credit facilities are believed to be sufficient[271](index=271&type=chunk) - A prolonged adverse impact from COVID-19 could lead to the **impairment of goodwill and other intangible assets**[273](index=273&type=chunk)[276](index=276&type=chunk) [Exhibits](index=58&type=section&id=Item%206.%20Exhibits) Lists filed exhibits, including Sarbanes-Oxley certifications and Inline XBRL financial data - The exhibits include **CEO and CFO certifications** as required by sections 302 and 906 of the Sarbanes-Oxley Act[278](index=278&type=chunk) - Financial statements and notes are provided in **Inline XBRL format**[279](index=279&type=chunk)

Financial Data and Key Metrics Changes - The company reported a net income per diluted share of $0.38 for Q2 2020, down from $0.78 in Q2 2019 [10] - Adjusted net income per diluted share was $0.54 compared to $0.72 in the prior year [11] - Net sales decreased to $1.092 billion from $1.239 billion in the same quarter last year, impacted by unfavorable exchange rates [13] - Adjusted gross profit was $89 million, down from $98 million in 2019 [13] - Cash flow from operating activities was $111 million, with long-term debt reduced by $52 million since the end of 2019 [12][24] Business Segment Performance Changes - Fresh and value-added products saw net sales decrease by $128 million to $636 million, primarily due to lower sales in fresh-cut food and vegetables, avocado, pineapple, and prepared food lines [14] - Pineapple product line net sales were $114 million, down from $126 million, affected by lower selling prices and sales volume [15] - Fresh-cut food product line net sales decreased to $110 million from $146 million, with a 26% drop in volume [16] - Fresh-cut vegetable product line net sales fell to $86 million from $119 million, with a 32% decrease in volume [17] - Avocado product line net sales decreased to $94 million from $125 million, with a 7% drop in volume [18] - Banana segment net sales decreased to $413 million from $440 million, with a 1% drop in volume [21] Market Data and Key Metrics Changes - The company experienced reduced demand in North America, particularly in the restaurant and foodservice sectors, which were down by 50% to 60% [6][33] - The COVID-19 pandemic impacted various markets differently, with some regions experiencing gradual re-openings [6] - The company noted a significant recovery in pineapple prices, although the sustainability of this trend remains uncertain [34] Company Strategy and Development Direction - The company is focused on a business transformation plan to enhance efficiency and asset utilization, including consolidating operations in California and Arizona [7][8] - A new avocado processing facility in Mexico was ramped up four months ahead of schedule, contributing to improved margins [7][31] - The company is expanding its e-commerce strategy, launching a pilot in Dallas, Texas, to enhance direct consumer marketing [9] Management Comments on Operating Environment and Future Outlook - Management emphasized resilience in navigating challenges posed by the COVID-19 pandemic, with a focus on maintaining business continuity [5] - The company expects to see improvements in the fresh-cut area as foodservice begins to recover, although challenges remain [32] - Management remains confident in the company's ability to emerge stronger from the pandemic, focusing on cost management and operational efficiencies [12][34] Other Important Information - The company repurchased approximately 549,836 shares for about $13 million during the quarter [26] - An interim cash dividend of $0.05 per share was declared, payable on September 4, 2020 [26] Q&A Session Summary Question: Were there any unusual costs in the quarter? - Management indicated that the main unusual cost was related to the write-off of $10 million in unsalable fruit due to COVID-19 disruptions [28][29] Question: What caused the decline in the avocado business? - The decline was attributed to lower prices and not primarily due to foodservice sales, with prices dropping significantly compared to the previous year [30] Question: What is the outlook for the third quarter? - Management noted that foodservice remains heavily impacted, with only slight improvements expected in retail [32][33] Question: How much stock remains on the repurchase authorization? - There is still over $200 million available for stock repurchases [37] Question: Can you comment on the disconnect between tangible book value and stock price? - Management acknowledged the disconnect and expressed aspirations for the stock price to rise significantly in the future [39]

——————————— Title of each class Trading Symbol Name of each exchange on which registered Ordinary Shares, $0.01 Par Value Per Share FDP New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————————— FORM 10-Q ——————————— (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 26, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For th ...

——————————— Title of each class Trading Symbol Name of each exchange on which registered Ordinary Shares, $0.01 Par Value Per Share FDP New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————————— FORM 10-Q ——————————— (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 27, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...