Investor Presentaiton

Capital spending plan supports up to ~$2 billion in capacity Kitchens 2.0 $115 million South Line #1 $15 million South Line #2 & #3 Ennis Phase 1 Chicken Processing (TX) South Building 2 Ennis Phase 2 $80 million $335 million $35 million $100 million** 2019 2020 Total Capex* $71 mm ~$135 mm 2021 ~$380 mm 2022 ~$300 mm ** *also includes maintenance capex, fridges and IT represents a high-level estimate Low end of range reflects the potential for new technology under development High end of the range reflects expanding with current line technology 2023 $160-$230 million 2024 2025 ~$75-95 mm ~$70-$90 mm ~$70-$90 mm 89

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