Financial Results and Outlook

Outlook (as reported November 2, 2023) • We expect our tobacco shipments to be strongly weighted to the second half of fiscal year 2024 • Global leaf tobacco supply continues to be tight for all types of tobacco • We believe our uncommitted tobacco inventory levels will remain low for the rest of fiscal year 2024 Tobacco Operations Ingredients Operations • • • We believe that our customers have been working through their excess inventory levels, and raw material prices, such as apple prices, are coming down We remain focused on and encouraged by both our core and new business opportunities with existing and first-time ingredients customers With the investments we are making, we are a stronger partner for current and future customers due to the expanded range of capabilities and products that we can offer 25 25

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