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Investor Presentaiton

Q3 2022 YTD Adjusted EBITDA Earnings before Interest, Taxes, Depreciation and Amortization $100.0 25.0% $84.1 $78.5 20.0% $75.0 $69.8 $61.6 15.0% $50.0 (10.8% 9.6% 10.0% $25.0 $ 2021 EBITDA as % of Sales Standardized EBITDA* Adjusted EBITDA* Adjusted EBITDA as % of Sales 5.0% 0.0% * Please refer to the Company's MD&A for Q3 2022 for definition of non-IFRS financial measures "Standardized EBITDA" and "Adjusted EBITDA" 2022 Adjusted EBITDA increased by $8.7M (12.5%) to $78.5M and decreased by 120 basis points as a percentage of sales to 9.6%. The increase in adjusted EBITDA is a result of an increase in gross profit, partially offset by an increase in net SG&A expenses and distribution expenses. HIGH LINER FOODS © 2022 High Liner Foods Incorporated 14
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