Capital Allocation and Growth Strategy

North America Confection Net Sales Growth Recent Performance 2019-2022 -4% Net Price Realization Segment Margin Recent Performance 2019-2022 +180 bps ~3% Volume +7.0% 31.1% AVERAGE Low Single-Digit Growth Net Price Realization ++ Volume + Source: Company Financials 2019 OUTLOOK 32.9% 2022 Annual Margin Expansion Strategic Revenue Growth Management Fixed Cost Leverage Manufacturing Capabilities/Technology Media Optimization

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