Lakeland Bancorp Investor Conference Presentation Deck slide image

Lakeland Bancorp Investor Conference Presentation Deck

Achieving Material Improvement in Profitability $200 $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 FY2003- FY2007 ● Lakeland shifts away from DuPont supply relationship, developing its own key competitive SKUs and product lines; broadens its global reach Net Sales (in millions of dollars) Lakeland ||| FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2007 - FY2020 Closed inefficient business lines and shifted focus to value over volume, focusing on products and markets low price elasticity; business approach shifts to proactive from reactive. Adjusted EBITDA Margin % (Range) FY2020 Renewed focus on driving sustainable above market revenue growth with the goal of elevating and maintaining high Adjusted EBITDA margins. FY23 implemented Small, Strategic, and Quick (SSQ) strategy. ● Gross Margin % ● ● ● Pandemic Era ● ● FY2027 Target 50% Adjusted EBITDA margins in the high teens Strive for margin in the low 40's Continued strong free cash flow generation Maintain strong financial position 45% 40% 35% 30% 25% Post-Pandemic Era Targets Mid-to high single digit revenue growth in core markets 20% 15% 10% 5% 0% 6
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