0 ＷＡＴＥＲ ＣＯＲＰＯＲＡＴＩＯＮ Investor Presentation Raymond James Institutional Investors Conference March 3, 2021 Safe Harbor Statements Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and applicable Canadian securities laws conveying management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements. Forwar ...

Financial Risks and Debt Management - As of January 2, 2021, the company's total indebtedness was $1,470.7 million, which poses significant financial risks[105]. - The outstanding borrowings under the Revolving Credit Facility as of January 2, 2021, were $104.8 million, exposing the company to interest rate risk[110]. - The company’s financial covenants may limit its ability to incur additional indebtedness or make restricted payments, impacting operational flexibility[107]. - Future cash flow generation is critical for servicing debt obligations and funding capital expenditures, which are subject to various uncontrollable factors[112]. - The company’s growth strategy relies heavily on acquisitions financed by substantial indebtedness, raising concerns about future financing on favorable terms[111]. - Total outstanding debt amounts to $1,486.0 million with a weighted average interest rate of 4.5%[316]. - Debt maturing in 2025 is the largest portion at $760.7 million, with an interest rate of 5.5%[316]. - Debt maturing in 2021 is $125.6 million, with a lower interest rate of 2.4%[316]. - The company has $563.5 million in debt maturing thereafter, with a weighted average interest rate of 3.9%[316]. - Debt maturing in 2022 and 2023 is relatively low at $12.8 million and $12.4 million, both with an interest rate of 4.9%[316]. Intangible Assets and Impairment Risks - The company has intangible assets subject to amortization totaling $532.1 million, primarily consisting of $485.2 million in customer relationships from acquisitions[104]. - The company faces potential impairment risks related to goodwill and intangible assets due to changes in market conditions and loss of key customers[104]. Operational and Compliance Risks - Legal and regulatory compliance is essential, as changes in laws could adversely affect demand for the company's products and increase costs[118]. - The company may face liabilities from product safety standards and potential contamination issues, which could negatively impact financial performance[115]. - Collective bargaining agreements may not be renewed on satisfactory terms, potentially leading to strikes that could disrupt operations and sales[114]. - The company is exposed to significant operational cost increases due to potential aggressive regulations on greenhouse gas emissions, particularly affecting its North America business[122]. - The company faces risks associated with compliance to international trade regulations, particularly regarding tariffs on goods imported from China[128]. - The company is subject to environmental laws that may impose liability for hazardous substances, which could lead to significant future expenditures[126]. - The regulatory environment surrounding information security and privacy is increasingly demanding, potentially resulting in significant compliance costs[135]. - The company has been named a potentially responsible party at third-party waste disposal sites, which may lead to material expenditures for contamination-related concerns[126]. Commodity Price and Market Risks - A 10% increase in commodity prices could raise the cost of sales by approximately $7.2 million over the next 12 months[317]. - The company manages commodity price risk through supplier pricing agreements and derivative financial instruments[317]. - The company is exposed to market risks related to resin and fuel purchases, impacting cash flows and operations[317]. - The cumulative impact of commodity price fluctuations is significant for the company's financial performance[317]. - The company’s strategy includes fixing purchase prices for certain commodities to mitigate risks[317]. Revenue and Foreign Operations - Operations outside the United States accounted for 26.8% of 2020 revenue and 32.6% of 2019 revenue, with a 10% change in foreign currency exchange rates potentially impacting revenue by $52.0 million and gross profit by $28.2 million[311]. Dividends - The company has paid quarterly cash dividends since 2012, with the most recent dividend declared at $0.06 per common share[136]. Interest Rate Exposure - The weighted average interest rate of the outstanding Revolving Credit Facility was 2.1% as of January 2, 2021[312]. - The company had $104.8 million in borrowings under its Revolving Credit Facility as of January 2, 2021, with a 100 basis point increase in interest rates resulting in an additional interest expense of approximately $1.0 million[312].

Primo Water Corporation (NYSE:PRMW) Q4 2020 Earnings Conference Call February 25, 2021 10:00 AM ET Company Participants Jon Kathol - VP, IR Tom Harrington - CEO Jay Wells - CFO Conference Call Participants Derek Dley - Canaccord Genuity Derek Lessard - TD Securities John Zamparo - CIBC Kevin Grundy - Jefferies Daniel Moore - CJS Securities Graham Price - Raymond James Andrea Teixeira - JPMorgan Operator Good morning, my name is Carey, and I will be your conference operator today. At this time, I would like ...

March 24, 2020 1 ＷＡＴＥＲ ＣＯＲＰＯＲＡＴＩＯＮ Fourth Quarter & Full Year 2020 Results February 25, 2021 Cautionary Statements Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and applicable Canadian securities laws conveying management's expectations as to the future based on plans, estimates and projections at the time the Company makes the statements. Forward-looking statemen ...