Hawkins Corporate Presentation

NON-GAAP MEASURES HAWKINS Adjusted EBITDA (in thousands) Trailing 12 Months Ended FY2018 Adjusted Net Net Income June 27, 2021 June 28, 2020 (in thousands, except share and per share data) (loss) Diluted (loss) earnings Income per share Net income (GAAP) $ 45,820 $ 30,347 As Reported (GAAP) $ (9,177) $ (0.86) Interest expense 1,436 2,129 Income tax expense 15,998 11,327 Revaluation of net deferred tax liabilities (13,943) (1.31) Amortization of intangibles 6,152 5,073 Goodwill impairment 39,116 3.68 Depreciation expense 16,968 16,642 As Adjusted $ 15,996 $ 1.50 Non-cash compensation 3,442 2,465 expense Non-recurring acquisition expense Adjusted EBITDA ©2021 Hawkins, Inc. 564 $ 90,380 $ 67,983 38

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