Hardship to Transformation: A Future Proof Greenyard

Hardship Transformation Future proof Strong transformation plan and rigorous implementation based on three overarching workstreams had led to a swift recovery & increased profitability (in EURm) 4.086 129 Hardship 3.912 65 (in EURm) Transformation 4.061 96 (in EURm) A future proof Greenyard 9m 2021 +10,3% CAGR 2,5% 150 106-110 CAGR >8,0% ~3,0% Adj. EBITDA% AY1718 AY1819 Sales Adj. EBITDA Serial negative events caused a strong, sudden drop in result AY1920 Sales Adj. EBITDA Initiation of transformation plan to restore the true value of Greenyard Run-rate capex: F2021 60-65mEUR F2425 Sales Adj. EBITDA 7 pillars underpinning Greenyard's further growth over the next four years Customer Portfolio Revitalisation of commercial relationships Long-term relationships Increased relevance Action plan loss-making volumes Innovations at correct price Operations Implementation of operational excellence Workforce rightsizing Group procurement & initiation of joint sourcing Cost discipline ✔B Transport and logistics optimisation Assets Rationalization of footprint and focus on cash management Divestment of non-core business Better asset utilisation Focus on debtors/creditors Improved inventory management Embedded in Greenyard's organisational culture to ensure continuous improvement & strengthened organisation with sharpened corporate governance Note: Financials above are Pre IFRS 16 13 GREENYARD

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