Hardship to Transformation: A Future Proof Greenyard

23 (€) Hardship Transformation Future proof Develop asset base and logistic/production capabilities | Defined program of high ROCE investments and projects to improve utilisation of asset base and cost efficiency Investment program: Greenyard is aiming for an annual run-rate CAPEX over the next four years of between €60m and €65m, to structurally develop Greenyard's asset base to execute and deliver on its ambitions. This will put the Company in a pole position, together with its global footprint, to have a state-of- the-art & advanced production equipment at its disposal. This in order to deliver optimized & cost-efficient services (e.g., sorting and packing lines, freeze/sterilisation units, food processing equipment...) to our clients a) Expand added value services b) Broaden product offering c) Improve costs and processes d) Develop quality, safety & sustainability Further development of Greenyard's Asset Base Logistics & IT (e.g., Interfaces client, ERP Fresh) Efficiency improvements (e.g., More performant packing lines) Food safety & environmental improvements Capacity extension (e.g., Convenience) Automation (e.g., Citrus sorting line) (e.g., New engine room) Cost efficiency projects: Besides running an investment program, Greenyard is also very active in & focused on more efficient use of resources and assets throughout the company (e.g., optimization of logistics (a.o. TMS-system), appointment of Group Transport Director, re-allocation of activities between various distribution centers and facilities, using the group's economies of scale for purchasing...) GREENYARD

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