PRIMO WATER CORPORATION EXITS RUSSIA

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TAMPA, Fla., July 21, 2022 /PRNewswire/ – Primo Water Company (NYSE: PRMW) (TSX: PRMW) (“Primo”), a number one supplier of sustainable consuming water options in North America and Europe, right this moment introduced it has accomplished its beforehand introduced exit from its enterprise in Russia. Primo had a small presence in Russia, with 2021 revenues of roughly $14 million, representing lower than 1% of 2021 consolidated revenues, and adjusted EBITDA of roughly $3 million, representing lower than 1% of 2021 consolidated adjusted EBITDA.

ABOUT PRIMO WATER CORPORATION

Primo Water Company is a number one pure-play water options supplier in North America and Europe and generates roughly $2.1 billion in annual income. Primo operates largely beneath a recurring razor/razorblade income mannequin. The razor in Primo’s income mannequin is its business main line-up of smooth and modern water dispensers, that are offered by way of retailers and on-line at numerous value factors. The dispensers assist enhance family penetration which drives recurring purchases of Primo’s razorblade providing. Primo’s razorblade providing is comprised of Water Direct, Water Change, and Water Refill. By means of its Water Direct enterprise, Primo delivers sustainable hydration options throughout its 22-country footprint direct to the client’s door, whether or not at house or to companies. By means of its Water Change and Water Refill companies, Primo presents pre-filled and reusable containers at over 13,000 places and water refill items at roughly 22,000 places, respectively. Primo additionally presents water filtration items throughout its 21-country footprint representing a prime 5 place.

Primo’s water options develop shopper entry to purified, spring, and mineral water to advertise a more healthy, extra sustainable life-style whereas concurrently lowering plastic waste and air pollution. Primo is dedicated to its water stewardship requirements and is proud to associate with the Worldwide Bottled Water Affiliation (IBWA) in North America in addition to with Watercoolers Europe (WE), which guarantee strict adherence to security, high quality, sanitation and regulatory requirements for the advantage of shopper safety.

Primo is headquartered in Tampa, Florida (USA). For extra data, go to www.primowatercorp.com.

SOURCE Primo Water Company

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