Honest IPO Presentation Deck

LONG-TERM TARGET MODEL Revenue % Growth Gross Profit Margin Adj. EBITDA Margin 2019 7.9% (1) 32.2% (4.1%) Note: 1. Core revenue growth related to portfolio simplification strategy 2020 27.6% 35.9% 3.7% LONG-TERM In Line with Clean / Natural Market 45%+ 20%+ . . DRIVERS Enhanced velocity through marketing Product innovation Expanded distribution Costovation Mix shift to higher margin products Leverage strategic retailer relationships Fixed cost leverage Leverage SG&A • R&D at -2% of sales 29

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