Hostess Investor Presentation Deck

H BRANDS Introducing 2023 Guidance ($ in millions, except EPS) Net Revenue Growth Adjusted EBITDA Adjusted EPS Capital Expenditures Income Tax Rate Weighted Average Shares Outstanding 2023 Guidance 4% -6% $315 - $325 million (7% - 10% growth) $1.08 - $1.13 (10% - 15% growth) $150 - $170 million (Including Capacity Expansion) -27% -135 million Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures. See "Use of Non-GAAP Financial Measures" and the Appendix for an explanation of all non-GAAP financial measures. The Company does not provide a reconciliation of forward-looking financial expectations to the most directly comparable GAAP financial measure because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation; including adjustments that could be made for deferred taxes; remeasurement of the tax receivable agreement, transformation expenses and other non-operating gains or losses reflected in the Company's reconciliation of historic non- GAAP financial measures, the amount of which could be material. Please refer to the Reconciliation of Non-GAAP Financial Measures included in the Appendix for further information about the use of these measures. 16

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