Ingredient Solutions Sales Expansion

RECONCILIATION OF SELECTED GAAP TO NON-GAAP MEASURES RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA¹ 41 ($ in thousands) Net income Interest expense Income tax expense Depreciation and amortization Equity method investment loss (income) Impairment of long-lived assets and other Fair value of contingent consideration Business acquisition costs Adjusted EBITDA 1 Source: Company filings; unaudited 1 Non-GAAP figure Quarter Ended 9/30/2023 $13,088 Quarter Ended 9/30/2022 $23,628 2,353 1,350 4,373 7,533 5,782 5,333 (388) 856 18,334 4,200 314 $48,056 $38,700 MGP

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