SunOpta is a leading company focused on developing and manufacturing plant-based and fruit-based food and beverage products. Founded in 1973 and headquartered in Minnesota, SunOpta has 14 locations across North America and employs over 2,000 people. The company produces a range of products including broths, plant-based beverages, fruits, and snacks. In recent years, SunOpta has expanded its portfolio through acquisitions and is constructing a new plant in Texas to further increase production capacity.

1. Company Overview: SunOpta, Inc.
• SunOpta, is a leading company focused on the
development and manufacture of plant-based
and fruit-based food and beverage products
• Year Founded: 1973
• Headquarters: Eden Prairie, Minnesota, USA
• Sector: Food Products
• Industry: Consumer Goods
• Countries: USA, Mexico, Canada
• Locations: 14
• As of December 31, 2021, it employed 1,380
full-time employees and 648 seasonal
employees in North America
• Listed on NASDAQ: STKL; TSX: SOY
• Phone: 952-820-2518
• Website: www.sunopta.com
Joseph D. Ennen
(Chief Executive Officer)
Scott Huckins
(Chief Financial Officer)
Rob Duchscher
(Chief Information Officer)
Chad Hagen
(Senior Vice President, Sales)
Christopher Whitehair
(SVP, Supply Chain)
• Broth and Stock
• Plant-Based Beverages
• Plant-Based Ingredients
• Fruit-Based Ingredients
• Fruit-Based Snacks
• Sunflower and Roasted Snacks
• Packaged and Bulk Tea
• Frozen Fruits
Company Information Core Team
Founded as Stake Technology LTD
1973
Focused on organic food,
divested all non-food assets
Since 2000, completed 37 acquisitions
of food and beverage businesses
Listed on Toronto Stock
Exchange (SOY)
Changed name to SunOpta Joseph D. Ennen named CEO and
Divested Corn & Soy business
Continuing our journey Fueling
the Future of Food.
Acquired Sunrich, an organic corn
and soy business
Company Products
Company History
1999 2000 2001 2015 2019 2021
2003
Goals In 2022
• To complete construction of new mega plant
in Texas.
• To complete targeted 2-year revenue growth
plan of $100 million.
• To expand processing capabilities in its plants.
• To improve Profitability in Fruit by flexible
pricing mechanisms.

2. Company Overview: SunOpta, Inc.
Financial Highlights (in U.S. $ millions) Ratio Margins & Valuations (in U.S. $ millions)
2021 2020 2019
Revenue 812.6 789.2 721.6
Gross profit 98.1 109.1 65.5
Gross profit % 12.1% 13.8% 9.1%
Operating income (loss) 10.1 12.3 -24.1
Total assets 755.1 585.6 923.4
Total debt 224.6 69.7 480.0
Commentary
• In 2021, SunOpta derived 58% (2020 – 53%) of its revenues from the
sale of plant-based foods and beverages, and 42% (2020 – 47%) from
the sale of fruit-based food and beverage offerings.
• Until December 2020, it had a third operating segment referred to as
Global Ingredients that comprised of its organic ingredient sourcing
and production business, Tradin Organic, which it sold in December
2020, and its soy and corn business, which it sold February 2019.
• In April 2021, it acquired the Dream and WestSoy plant-based
beverage brands and related label products in North America.
• The company is constructing a new 285,000 square foot plant-based
beverage facility in Midlothian, Texas. It is expected to be
operational in late 2022.
• This Company sells products through various distribution channels,
including large retailers, club stores, branded food companies,
foodservice distributors, quick service, restaurants.
• Revenues of $240.2 million for the first quarter of 2022 increased 15.7% reflecting
13.4% growth in plant-based and 18.7% increase in fruit-based compared to the prior
year.
• The Plant-Based Foods and Beverages segment generated revenues of $135.5 million
during the first quarter of 2022, an increase of 13.4% compared to $119.5 million in
the first quarter of 2021.
• Its growth continued to be driven by oat-based offerings, reflecting pricing and
volume/mix factors, along with incremental revenue from Dream and WestSoy.
• The Fruit-Based Foods and Beverages segment generated revenues of $104.7 million
during the first quarter of 2022, an increase of 18.7% compared to $88.2 million in
the first quarter of 2021.
• Gross profit was $28.0 million for the first quarter of 2022, a decrease of $2.0 million
compared to $30.0 million in the prior year period.
• Earnings attributable to common shareholders for the first quarter of 2022 was $3.5
million, compared to a loss of $0.3 million, during the first quarter of 2021.
Fiscal Year End Dec-2021
Market Cap 821.97
Income -4.14
Price to Sales Ratio 0.89
Price to Book Ratio 2.45
Enterprise Value to EBITDA 23.06
Enterprise Value 1350
Current Ratio 2.30
Quick Ratio 0.77
Gross Margin 10.97%
Operating Margin 1.51%
Net Margin -0.51%
Return on Assets -0.62%
Return on Equity -1.24%
First Quarter 2022 Highlights