Investor Presentaiton
EBITDA reconciliation
Non-GAAP Measure - EBITDA
EBITDA is a non-GAAP measure and defined as net income attributable to Cal-Maine Foods, Inc. plus interest, taxes, depreciation and
amortization. The following table sets forth a reconciliation of EBITDA to net income attributable to Cal-Maine Foods, Inc.:
EM
Cal-Maine Foods
Fiscal Year Ended
Quarter Ended Quarter Ended
$000s
2018
2020
Net income (loss) attributable to Cal-Maine Foods, Inc.
Add: Interest expense
Add: Income tax expense (benefit)
Add: Depreciation and amortization
EBITDA
171,364
Reportable Legal Proceedings and Related Costs*
Adjusted EBITDA
83,140
254,504
2019
2023
125,932 54,229 18,391 2,060 132,650 758,024
265
644 498 213
403
583
-8,859 15,743 1,731 -12,009 33,574 241,818
54,026 54,650 58,103 59,477 68,395 72,234
125,266 78,723 49,741 235,022 1,072,659
2,495
117
53
185
3,700
127,761 78,840 49,794 235,207 1,076,359
2021
2022
9/2/2023
12/2/2023
926
17,009
142
134
322
5,540
19,340
20,054
20,730
42,737
873
24,471
21,603
67,208
* Includes costs associated with legal proceedings, regulator matters, fines, settlements and related expenses for matters that we disclose in our Annual Reports on Form 10-K filed with the Securities and
Exchange Commission (SEC) and in other periodic reports.
CAL-MAINE FOODS | INVESTOR PRESENTATION | JANUARY 2024
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