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 ...

| --- | --- | --- | --- | |------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Providing | | | | | Healthy Choices | | | | | Investor Relations Fresh Del Monte Produce Inc. October 28, 2020 | | | | | | | | | 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 p ...

——————————— 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 September 25, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 F ...

Fresh Del Monte Produce Inc. (NYSE:FDP) Q3 2020 Earnings Conference Call October 28, 2020 10:00 AM ET Company Participants Christine Cannella - Vice President, Investor Relations Mohammad Abu-Ghazaleh - Chairman & Chief Executive Officer Eduardo Bezerra - Senior Vice President & 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 Third Quarter 2020 Earnings Conference Call. Tod ...

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 ...

Fresh Del Monte Produce Inc. (NYSE:FDP) Q1 2020 Earnings Conference Call April 29, 2020 10:00 AM ET Company Participants Christine Cannella - Vice President, Investor Relations Mohammad Abu-Ghazaleh - Chief Executive Officer Eduardo Bezerra - Chief Financial Officer Conference Call Participants Jonathan Feeney - Consumer Edge Research LLC Mitch Pinheiro - Sturdivant & Company Operator Good day, everyone, and welcome to Fresh Del Monte Produce First Quarter 2020 Conference Call. Today’s call is being broadca ...

——————————— 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 27, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 333-07708 FRESH DEL MONTE PRODUCE INC. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or Other Jurisd ...

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 September 27, 2019 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ——————————— Title of each class Trading Symbol Name of each exchange on which registered Ordinary Shares, $0.01 Par Value Per Sha ...