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Del Monte Quality SW Contadina PREMIUM ROMA TOMATOES SINCE 1923 College Inn DEL MONTE PACIFIC LIMITED 10 March 2021 SGX - ST / PSE / MEDIA RELEASE : ( unaudited results for the third quarter ending 31 January 2021 ) Contacts : Iggy Sison Tel : +632 8856 2888 isison@delmontepacific.com Jennifer Luy Tel : +65 6594 0980 jluy@delmontepacific.com 3Q Highlights • • ● • • Del Monte Pacific Sustains Strong Results with Net Profit of US $ 30 Million for Third Quarter FY2021 DMPL grew sales by 13 % on higher consumption of healthy , shelf - stable food at home — Philippines sales expanded by 20 % and USA sales rose 12 % Achieved improved gross margin of 26.9 % from 20.4 % on better sales mix , lower trade spending and lower costs Group delivered EBITDA of US $ 99m , 74 % higher versus prior year , and net profit of US $ 30m , a 4 - fold increase over last year DMPL's USA subsidiary , Del Monte Foods , achieved an EBITDA of US $ 61m , more than double the prior year's US $ 26m , and delivered a net profit from a loss last year Group reduced net debt , significantly lowering gearing to 2.2x from 3.3x equity Singapore / Manila , 10 March 2021 - Singapore Mainboard and Philippine Stock Exchange dual listed Del Monte Pacific Limited ( “ DMPL ” or the “ Group " ; Bloomberg : DELM SP , DELM PM ) reported today its third quarter FY2021 results ending January . DMPL's third quarter sales of US $ 628.4 million were higher by 13 % versus prior year quarter driven by increased sales in the US , Philippines and international markets . Del Monte Foods , Inc ( DMFI ) , the Group's US subsidiary , generated 70 % of Group revenues and achieved 12 % higher sales of US $ 440.0 million , mainly driven by robust sales growth of 26 % in the branded retail segment amidst the coronavirus pandemic . Core categories of vegetable and fruit delivered substantial growth as consumers chose trusted , healthy and shelf - stable products for their meal 1