Financial Highlights - FY'20

Cage-free Eggs Poised to Further Growth As Multiple Headwinds Forcing The Industry to Change Drivers of Cage-free Movement... Increasing Concerns on Animal Welfare Social Responsibility & Sustainability ...Pressuring States to Change Legislation EM Cal-Maine Foods, Inc. 7 states with 23% of total U.S. population have fully enacted cage-free legislation to begin by '22 - '26 (2 states pending) Several states have similar laws or are putting in place defining space requirements or other restrictions States with laws already passed or likely to pass by next summer Changes in State Legislation ■Total cage-free goals would require a laying flock of ~225mm hens, or over 70% of U.S. flock ~2.9x current flock size ~$7bn investment required for conversion Total Cage-free Retail Sales Goals Expected to Accelerate... ...With Grocery Stores & Restaurants Leading The Way Billion Eggs 10 14 Source: Publicly available information and American Farm Bureau Federation. 5 Big Box Retailer #1 National Grocer #1 National Grocer #2 States with laws passed States pending legislation Big Box Retailer #2 Quick Service Restaurant #1 Big Box Retailer #3 National Grocer #3 National Grocer #4 Foodservice Distributor National Grocer #5

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