Driving Growth and Transformation in Agriculture Technology

Reconciliation of Non-GAAP Financial Measures to Reported Financial Measures C+ Operating Income Reconciliation Operating income - as reported Stock-based compensation - Prospera Prospera intangible asset amortization Adjusted Operating Income Net Sales as reported Operating Income as a % of Net Sales Adjusted Operating Income as a % of Net Sales Fifty-three weeks ended December 31, 2022 Infrastructure Agriculture Other $ 354,499 $ $ 354,499 $ 2,909,746 179,263 $ 9,896 6,580 195,739 1,335,285 2,259 $ Corporate (102,772) Valmont $ 433,249 9,896 6,580 $ 2,259 $ 100,219 (102,772) $ NM 449,725 4,345,250 12.2 % 12.2 % 13.4 % 14.7 % 2.3 % NM 10.0 % 2.3 % NM 10.3 % CONSERVING RESOURCES. IMPROVING LIFE. Valmont 102

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