Investor Presentaiton
Q3 2022 YTD Sales Volume and Net Sales
Sales (millions)
200.0
192.5
175.0
$750.0
$500.0
150.0
100.0
$819.4
$647.5
$250.0
50.0
2021
0.0
2022
Sales lbs (millions)
Sales (USD)
Sales lbs
Sales volume increased by 17.5M lbs (10.0%) to 192.5M lbs
Foodservice: sales volume was higher as the Company's foodservice customers rebound from COVID-19 in 2022 compared to 2021, as well as from growth in new
business and new product sales. We continued to experience increased demand for our products across our non-commercial businesses, as well as higher sales and
volumes in both quick service restaurants and casual dining, segments that are growth targets for the Company.
Retail: sales volume grew due to increased marketing investment, new product and business wins.
Sales volume was also negatively impacted by global supply chain challenges on raw material supply to North America.
Net sales increased by $171.9M (26.5%) to $819.4M
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Higher sales volumes mentioned above, as well as favorable changes in sales mix and pricing actions implemented to mitigate inflationary increases on input costs.
Offset by the weaker Canadian dollar in 2022 compared to 2021 which decreased the value of reported USD sales from our CAD-denominated operations by
approximately $5.0 million relative to the conversion impact last year.
HIGH LINER FOODS
2022 High Liner Foods Incorporated
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