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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 35
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