High Liner Foods Acquisition and Financial History slide image

High Liner Foods Acquisition and Financial History

Why Seafood? Healthy for both people and the environment Under consumed protein vs. dietary guidelines = opportunity Underdeveloped category Versatile the original protein alternative Investment Thesis Why High Liner Foods? A North American leader in value-added frozen seafood with over 120 years of seafood expertise Integrated North American operations supported by global seafood procurement expertise Diversified supply chain, product portfolio and customer base Broad market reach and market leading brands Leader in innovation and sustainability Purpose driven organization to reimagine seafood to nourish life and support value creation for all stakeholders Why Now? Proven ability to deliver strong financial results and cash flow from operations despite unprecedented challenges in recent years, including continued inflationary and recessionary pressures in recent quarters, validating the strength of our business. Well positioned to navigate current headwinds and deliver strong Adjusted EBITDA performance which combined with improvements in working capital will allow us to generate significant cash flow from operations in 2023. Financial flexibility to support continued investment in our business and our brands to inspire more consumers to choose seafood which will continue to drive our branded and value-added leadership goal. 6
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