Investor Presentaiton

Key Messages CONAGRA BRANDS. Continued strength in Q3 • Continued to invest to further strengthen the business • Increased evidence in post-COVID-19 stickiness of demand and market share gains • Leverage target achieved ahead of schedule, afforded opportunistic ~$300 million of our common stock in Q3 and ongoing flexibility to deploy additional capital for long-term value creation Multiple levers to manage impact of accelerating inflation · Reaffirming fiscal 2022 guidance 5

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