Investor Presentaiton

EBITDA Margin Drivers Seafood Distribution Protein Positive Factors Sandwich Bakery Culinary Sales leveraging Operational efficiencies driven by continuous improvement initiatives and investment in automation • Sales leveraging Operational efficiencies driven by continuous improvement initiatives and investment in automation Pricing strategies Sales leveraging I/C sales Operational efficiencies driven by continuous improvement initiatives and investment in automation Pricing related margin recovery Sales leveraging Pricing strategies Operational efficiencies driven by continuous improvement initiatives and investment in automation Investment in SG&A staff to support future growth Wage inflation Investment in SG&A staff to support future growth Wage inflation Reversal of COVID wage subsidies and resumption of travel / conferences Plant expansion overhead Wage inflation Negative Factors Investment in SG&A staff to support future growth Freight inflation New plant overhead Wage inflation Investment in SG&A staff to support future growth Extraordinary Times Extraordinary Team • • Sales leveraging Operational efficiencies driven by investment in automation Pricing related margin recovery Sales leveraging Pricing related margin recovery Plant expansion overhead Wage inflation Reversal of COVID wage subsidies Wage inflation 40

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