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News Release For immediate release Saputo SAPUTO REPORTS FOURTH QUARTER AND FISCAL 2021 RESULTS AND PRESENTS ITS NEW GLOBAL STRATEGIC PLAN Key pillars to accelerate organic growth with high single - digit Adjusted EBITDA * CAGR¹ target to reach $ 2.125 billion by the end of fiscal 2025 ( Montréal , June 3 , 2021 ) - Saputo Inc. ( TSX : SAP ) ( we , Saputo or the Company ) reported today its financial results for the fourth quarter and fiscal year ended on March 31 , 2021. All amounts in this news release are in Canadian dollars ( CDN ) , unless otherwise indicated , and are presented according to International Financial Reporting Standards ( IFRS ) . Saputo is also pleased to unveil today its new Global Strategic Plan ( the " Plan " ) to accelerate organic growth over the next four years . Based on five key pillars , which are designed to drive growth and efficiency across the organization , this Plan will reinforce Saputo's position as one of the world's leading dairy processors . " Looking back on fiscal 2021 , I'm incredibly proud of our performance and our resilience as an essential provider during such tumultuous times , which were the direct result of the heroic efforts of our team . " said Lino A. Saputo , Chair of the Board and Chief Executive Officer , Saputo Inc. " Putting the health and well - being of our people first , we adapted quickly to changes in consumer demand , and gave back generously to our communities . " And while the pandemic cost us a year of potential growth , we kept moving our business forward and honouring our commitments to all our stakeholders . No doubt , COVID - 19 challenged us to improve our core business and set a strong base for future growth , and the positive momentum continues as we work towards achieving our new Global Strategic Plan . " Fiscal 2021 Fourth Quarter Financial Highlights . Revenues at $ 3.438 billion , down 7.5 % Adjusted EBITDA * at $ 302.8 million , up 1.5 % Net earnings at $ 103.1 million , up 16.2 % Adjusted net earnings excluding amortization of intangible assets related to business acquisitions at $ 123.7 million , up 6.2 % Creating a Bigger , Better , Stronger Saputo Saputo leverages a three - pronged approach to propel its business forward , combining organic growth , strategic acquisitions and delivering on the Saputo Promise . This new four - year Global Strategic Plan is designed to deliver organic progress and complements and supports Saputo's other growth activities . The Plan is comprised of five strategic pillars that are expected to drive strong organic growth over the four - year period ( FY22 - FY25 ) . We are targeting high single - digit Adjusted EBITDA * CAGR¹ over the four - year period to reach $ 2.125 billion by the end of fiscal 2025. The pillars of the Plan are : Strengthen core business , Accelerate product innovation , Increase the value of ingredients portfolio , Optimize and enhance operations , and Create enablers to fuel investments . Introducing Our Key Q ĐO Pillars to Boost Organic Growth Strengthen core business Accelerate product innovation Increase the value of ingredients portfolio 1 Our Growth Ambitions 中 Optimize and enhance operations TARGET for the four - year period ending March 31 , 2025 High single - digit Adjusted EBITDA * CAGR¹ to reach $ 2.125 billion by the end of FY25 Create enablers to fuel investments See the " Non - IFRS Financial Measures " section of the Management's Discussion and Analysis of the 2021 Annual Report for the reconciliations to IFRS measures . CAGR , Compound Annual Growth Rate is defined at the year - over - year growth rate over a specified amount of time . SAPUTO INC . FISCAL 2021 Page 1