SunOpta (STKL) Highlights Long-Term Growth Strategies

SunOpta Inc. (Nasdaq: STKL) yesterday hosted its 2022 Investor Day.

“I would like to thank everyone who attended our Investor Day in person or online through our webcast. Our strategic transformation over the past several years has put SunOpta in an enviable leadership position within the fastest growing plant-based categories,” said Joe Ennen, Chief Executive Officer of SunOpta. “Industry trends remain strong and we will continue to leverage our competitive advantages to drive significant gains in revenues and profitability, maximizing value for shareholders.”

Investor Day Highlights

The event outlined SunOpta’s differentiated capabilities and long-term strategies to drive value for shareholders including sources of competitive advantage and foundations of growth. Financial highlights included:

• Reaffirmed 2022 guidance2:
  • Revenue $890 million - $930 million, Adjusted EBITDA1 $67 million – 75 million
• Reaffirmed 2023 outlook2
  • Revenue $1.1 billion and Adjusted EBITDA1 of $100 million
• Provided 2025 outlook2
  • Revenue $1.3 billion and Adjusted EBITDA1 of $150 million

Investors interested in listening to a replay of the Investor Day webcast can access a link on SunOpta’s website at www.sunopta.com under the “Investor Relations” section. The replay of the webcast will be archived and can be accessed for approximately 90 days.

1 See discussion of non-GAAP measures

2 The Company has included certain forward-looking statements about the future financial performance that include non-GAAP financial measures, including Adjusted EBITDA. These non–GAAP financial measures are derived by excluding certain amounts, expenses or income, from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts that are excluded from these non-GAAP financial measures is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period. We are unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures because management cannot reliably predict all of the necessary components of such GAAP measures. Historically, management has excluded the following items from certain of these non-GAAP measures, and such items may also be excluded in future periods and could be significant amounts.

• Expenses related to the acquisition or divestiture of a business, including business development costs, impairment of assets, integration costs, severance, retention costs and transaction costs;
• Start-up costs of new facilities and equipment;
• Charges associated with restructuring and cost saving initiatives, including but not limited to asset impairments, accelerated depreciation, severance costs and lease abandonment charges;
• Asset impairment charges and facility closure costs;
• Legal settlements or awards; and
• The tax effect of the above items.

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