Citations Slide 2
–
Cal
Maine Foods’ snapshot 1)
Rankings from Watt Poultry. “2022 Poultry Top U.S. Egg Producers Rankings.” Data as
of December 31, 2021. 2)
World Agricultural Supply and Demand Estimates (WASDE). U.S. market share data is as of
calendar year
end; CALM percent of shell egg market share based on fiscal year egg disappearance data, which excludes breaking eggs and exp
orts
. Also excludes CALM portion of eggs
sold to food service channel. 3)
Company filings and USDA. Cal
Maine Foods’ table egg layer hen flock as of February 26, 2022 comprised 42.7 million. As of February 28, 2022, USDA reports
table type layer hen flock of ~
322.7 million. 4) Expressed as percent of fiscal year 2022 net sales. Percent of specialty sales are classified as nutritiona
lly enhanced, cage
free, organic, brown eggs, pasture
raised and free
range eggs. Egg product sales and Other sales represent hard
cooked eggs, hatching eggs and other miscellaneous products that are included with shell egg operations. Select totals may no
t foot to published Company disclosures, including Forms 10
K, due to rounding. 5) Financial highlights represent year
date, fis
cal year 2022 data as of February 26, 2022 unless otherwise noted. 6)
Non
GAAP EBITDA reconciliation located in Appendix 7) Shell egg operations have run at or exceeded shell egg capacity for the fis
cal year as published in the most recent Form 10
K 8) Bal
ance sheet leverage as February 26, 2022. 9) Expressed as percent of fiscal year 2022 year
date sales as of February 26, 2022. Select totals may not foot to published Company disclosures, including Forms 10
-
Q and 10
K, due to rounding. 10) Eggland’s Bes
t franchise territory includes Land O’Lakes market areas and includes investment in unconsolidated entity. Slide 3
Scaled production and distribution capacity 1) As of CALM fiscal year
end 2021 unless otherwise noted. 2) As of
3QFY 2022. Slide 6
–
Positio
n food portfolio to meet nutrition imperatives 1) Intergovernmental Panel on Climate Change. Climate Change 2022: Mitigation
of Climate Change. Working Group III Contribution to the Sixth Assessment Report of the Intergovernment
al Panel on Climate Change.
April 4, 2022. https://report.ipcc.ch/ar6wg3/pdf/IPCC_AR6_WGIII_FinalDraft_FullReport.pdf. Retrieved on April 6, 2022. 2) Gra
ziano Da Silva, Jose. “Feeding the World Sustainably.” United Nations UN Chronicle. https://www.un.org/en/chronicle/article/f
eeding
world
sustainably. Retrieved on October 21, 2021. 3) Ranganathan, Janet. World Resources Institute. “How to Sustainably Feed 10 Bil
lion People by 2050, in 21 Charts”. December 5, 2018. World Resources Institute. “Creating a Sus
tainable Food Future: Interi
m Findings.” December 2, 2013. https://www.wri.org/research/creating
sustainable
food
future
interim
findings. https://www.wri.org/insights/how
sustainably
feed
10
billion
people
2050
21
charts. 4) USDA. Dietary Guidelines for Americans, 2020
2025 Chapter
2: Infants and Toddlers. Page 60. https://www.dietaryguidelines.gov/sites/default/files/2021
03/Dietary_Guidelines_for_Americans
2020
2025.pdf . Retrieved on November 19, 2021. 5) Morris, Saul S. “An egg for everyone: Pathways to universal access to one of
nature’s most nutritious foods.” Wiley Maternal and Child Nutrition. March 17, 2018. https://onlinelibrary.wiley.com/doi/epdf
/10.1111/mcn.12679. Retrieved on October 21, 2021. 6) United Nations. Goal 2: Zero Hunger. https://www.un.org/sustainabledeve
lopme
nt/hunger/. Retrieved on October 21, 2021. 7) Zelman, Kathleen M. “Good Eggs: For Nutrition, They’re Hard to Beat” Webmd.com.
https://www.webmd.com/diet/features/good
eggs
for
nutrition
theyre
hard
beat#1 Retrieved on October
21, 2021 and Cal
Maine Food
s’ Fiscal Year 2020 Scaling our Sustainability
report. We believe our finished eggs, which are nutrient dense, are important to help people meet their nutritional needs. With each egg, we deliver ~70 calories and one serving, or six grams
of protein, whichcomprises about 10 percent of the protein required to support a 2,000calorie daily nutrition need. Slide 7 Drive favorable food portfolio mix while meeting customer needs 1) Company filings and other public disclosures. Specialty sales are classified as nutritionally enhanced, cagefree, organic, brown, pastureraised and freerange eggs. 2) Represents percent of net shell egg sales and excludes Other sales, including hardcooked eggs, hatching eggs, other egg products, hens and manure, which are included with our shell egg operations. 3) IRI Unify. U.S. multioutlet data tied to CALM fiscal year through February 27, 2022. Select totals
may not foot due to rounding. Percent of marketshare data based on shell egg dozens sold. IRI multioutlet retail databased on representative sampling. Slide 10 Excellent service for bluechip customer base 1) Data as of fiscal year 2021 unless noted. For more information about our revenue concentration, please review our most recent Form 10K. 2) Includes investment in unconsolidated entity. 3) Eggs packed in USDA grademarked consumer packages labeled as cagefree must be produced by hens housed in a building, room, or enclosed area that allows for unlimited
access to food, water, and provides the freedom to roam within the area during the laying cycle. Eggs packed in USDAgrademarked consumer packages labeled as freerange must be produced by hens housed in a building, room, or area that allows for unlimited access to food,
water, and continuous access to the outdoors during their laying cycle. The outdoor area may be fenced and/or covered with nettinglike material. USDA does not regulate pastureraised claims; these husbandry are typically
certified by thirdparty providers. CALMAINE FOODS | BURKENROAD REPORTS INVESTMENT CONFERENCE | APRIL 29, 2022 31
