A Future Proof Greenyard

Hardship Transformation Future proof Rigorous and continued focus on cash led to an improved net financial debt position OVERVIEW RECENT CASH MANAGEMENT INITIATIVES L Divestment non-core Greenyard Flowers UK Baja (Frozen Hungary) Logistics Portugal L Better asset utilisation Some DC/offices in Poland & Germany sold or lease terminated, Facility in UK rented out, look for partial sub-rent in Fresh France Focus on debtors- creditors Improved inventory management Strengthen logistics Poland, wind-down Fresh Poland 08 Footprint rationalization and focus on cash management €26m CF FCST further finetuned New Group Treasurer Treasury team strengthened WC analysis and actions Cash Flow Forecast Initiated: Cross group shift to CF mindset WC ICT tools deployed Continued WC actions WC improvements Warehouse allocation and rationalisation - S&OP across division New division manager Redefine 'iron' stock levels WC impact inventory analysis Improvements in monitoring and inventory management Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep AY1920 F2021 By implementing this strong transformation plan based on these three overarching workstreams and a rigorous implementation, Greenyard was able to gradually restore the trust in the company of its various stakeholders (a.o. Suppliers, clients, financing banks, investors...) 16 One-off cash impact GREENYARD

View entire presentation