Investor Presentaiton

Looking Forward, Remote Work Adoption Provides a Structural Lift vs. Pre-Pandemic Levels for Frozen Remote Work Drives Outsized ¦ Frozen Has High Exposure Impact to Dinner and Lunch in These Occasions CONAGRA BRANDS. And, Conagra Frozen Well-Developed In-Home Main Meal Lift (Total COVID-19 Time Period vs. YA) +7% +4% I Total Occasions % of Occasions with Frozen Foods % of Main Meal Occasions (Total Foods vs. Conagra Frozen) Dinner I I +6% 1 in 5 1.6x Index 34% I 55% dinner occasions I I include frozen foods I 30% Lunch T I 1.0x Index I I +2% I I I 1 in 6 29% Breakfast 36% I I lunch occasions 16% 0.5x Index ¡Dinner Lunch Breakfast include frozen foods Total I CONAGRA Foods BRANDS+ " Frozen Source (Left): The NPD Group/National Eating TrendsⓇ, March 2020-February 2021 vs. Prior Year, Occasions per Capita Source (Middle): The NPD Group / National Eating Trends; Filtered on Sourced from Home/Retail, March 2020-February 2021 Source (Right): The NPD Group / National Eating Trends; Filtered on Sourced from Home/Retail, March 2020-February 2021, Index = Total Foods vs. Conagra Frozen, Shared to Main Meal Occasions 31

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