CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+ CVGW

Except for the historical information contained herein,

this presentation contains forward-looking statements

that involve known and unknown risks, uncertainties

and other factors that could cause the actual results of

the company to be materially different from the

historical results or from any future results expressed

or implied by such forward-looking statements.

Safe Harbor Statement

2"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

3"

Growth in food

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

4"4"Exciting CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+ 4"

5"CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+

WE EXPECT THE U.S. WILL CONSUME

AT LEAST 2 BILLION POUNDS IN FY 2015

VERSUS

1.65 BILLION IN 2014 AND

483 MILLION IN 2001 !CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

6"

HISPANIC INFLUENCE

- MEXICO CONSUMES 28 LBS PER PERSON

COMPARED TO 5.5 IN THE U.S.

!

HEALTHY EATING TRENDS

- IMMUNITY - TEETH AND BONES - CARDIOVASCULAR

- MUSCLE DEVELOPMENT -  SKIN HEALTH

- DIGESTION AND METABOLISM !

CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

7"

INDUSTRY IS INVESTING ~$55 MILLION ANNUALLY TO INCREASE

THE AWARENESS OF AVOCADOS IN THE U.S.

!

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

8"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

*2011!YEAR*TO*DATE!AS!OF!1/31/2011!

9"

CURRENT MAIN SUPPLY

SOURCES "

FUTURE ADDITIONAL MAIN SUPPLY SOURCES "

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

RIPE AVOCADOS

!

10"10"

Near infrared technology separates fruits based on

internal maturity

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11"11"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

12"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

GROSS PROFIT IMPROVING;

44% DOLLAR INCREASE 1H 2015

13"

GUACAMOLE AND AVOCADO PRODUCTS

ARE BECOMING MAINSTAYS OF THE

AMERICAN DIET WHEN EATING-IN AND EATING-OUT

!

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

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NEW AVOCADO PRODUCTS+

15"Growth

="

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+ 15"

CALAVO FOODS MARGINS IMPROVING

10.2% Q4 2013

19.4% Q4 2014

24.6% Q1 2015

37.7% Q2 2015 CONTINUING TO

INCREASE THROUGHOUT 2015

!

16"

REVENUE GROWTH;

32% 2014

23% 1H 2015

$252 MILLION 2014 +

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

WEST+Sacramento,+CA+

NORTHWEST+Portland,+OR+

MIDWEST+Indianapolis,+IN+

NORTHEAST+Rosenhayn,+NJ+

SOUTHWEST+Houston,+TX+

17"

PLANT FACILITIES

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

SHORTENING THE SPEED TO MARKET OF FRESH FOOD

NATIONALLY

Infrastructure CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+ 18"

FRESH-CUT FRUIT

19"Exciting CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

Recipe Ready-to-Eat Vegetables

PARTY FAVORITES

20"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

Fresh Vegetable Sides & Meals

CHEF ESSENTIALS

21"Exciting CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

FRESH SALADS!

22"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

SANDWICHES & WRAPS!

23"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

FRESH SNACKS

24"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

FRESH ENTREES - HEALTH CONSCIOUS

25"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

50% owner

Experience

is

Technology Operating System

Shipping Container

CONFIDENTIAL ©2015 FreshRealm, LLC 28

Food Variety Available

fruits

veggies

ingredients

meals

snacks

deli

CONFIDENTIAL ©2015 FreshRealm, LLC 29 CONFIDENTIAL+©2014+Calavo+Growers,+Inc.+

+ =

Capitalizing on existing food-making

infrastructure.

CONFIDENTIAL ©2015 FreshRealm, LLC 30

+

Instant refrigerated shipping fleet.

No need to put new trucks on the road.

=

CONFIDENTIAL ©2015 FreshRealm, LLC 31

=

FreshRealm is a platform.

&

CONFIDENTIAL ©2015 FreshRealm, LLC 32

Breakfast

Lunch Snack

Dinner

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Paleo

Veggie Options

Chef Designed

Sustainable Meats

Already Prepped

delivery

slesseVslaem

pickup

orde

rs

orders

new offerings

FRESHREALM DUOLC

FOOD MAKER

FOOD MERCHANT

FOOD PACKER

CARRIER

SHOPPER

HOME

FOOD GROWER

whole produce

just in time

CONFIDENTIAL ©2015 FreshRealm, LLC 34

How it Works.

Vessel Requirements

Maintain Temp Range

Protect Cargo

Meet Packer Needs

Work Within Shipper Requirements

Embrace “Reduce, Reuse, Recycle”

Provide “Wow” Experience

The reusable, refurbishable Vessel replaces current

single-use packaging methods.

CONFIDENTIAL ©2015 FreshRealm, LLC 36

Drawer design allows for the maximum amount of food to fit in the Vessel.

CONFIDENTIAL ©2015 FreshRealm, LLC 37

Insulation system keeps contents chilled until 9 p.m.

the evening of delivery.

CONFIDENTIAL ©2015 FreshRealm, LLC 38

Day 1

The Shopper orders food online on a Food Merchant’s website.

Day 2 or 3

The Vessel arrives at the Shopper’s door.

Day 2 or 3 Continued…

43"CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+

Calavo Past Performance

CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

Revenue Growth

44"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

$303 M $783 M

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

2007 2008 2009 2010 2011 2012 2013 2014 2015

MIL

LIO

NS

*$416m+through+6Umonths+

*

Earnings Growth excl non-cash of earn-out

45"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

$1.20

$1.40

$1.60

2007 2008 2009 2010 2011 2012 2013 2014 2015

MIL

LIO

NS

$0.51 EPS $1.45 EPS

*

*$0.79m+through+6Umonths+

Dividend Growth

46"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70

$0.80

2007 2008 2009 2010 2011 2012 2013 2014

MIL

LIO

NS

$0.35 $0.75

47"

48"CONFIDENTIAL+©2015+Calavo+Growers,+Inc.+

“On track to post record revenues and earnings

per share in fiscal 2015.”

CONFIDENTIAL+©2013+Calavo+Growers,+Inc.+

Please contact Michael Lippold with questions; 805.328.1758

mikel@calavo.com