Investor Presentaiton

Long track record of delivering performance in a cyclical industry (1) EM Cal-Maine Foods Industry Cyclicality Cyclicality is an inherent aspect of our industry Our team is well-equipped to navigate through the experienced fluctuations to achieve sustainable growth in the long run Strategy Designed Around Cyclicality • Our long-term growth strategy is designed to benefit from the higher markets and mitigate the impact of lower markets by efficiently managing costs and maintaining a strong balance sheet Net Income ($mm) $316 $152 $161 $126 $7 $12 ($10) $37 $80 $61 $50 $54 ($74) $2 $758 FY 2001 FY 2003 FY 2005 FY 2007 FY 2009 2011 FY FY 2013 FY 2015 FY 2017 FY FY FY 2019 2021 2023 Shell eggs sold (mm dozens) Disciplined Commitment to Shareholder Value Cal-Maine is committed to delivering value to shareholders over the economic cycles ■Dozens Produced ■Est. Purchases 1,147 1,063 1,031 1,039 1,073 948 821 778 686 545 571 575 • Variable dividend policy optimizes returns to shareholders through cycles and preserves capital FY 2001 FY 2003 FY 2005 FY FY FY FY 2007 2009 2011 2013 FY 2015 FY 2017 FY 2019 FY 2021 FY 2023 CAL-MAINE FOODS | INVESTOR PRESENTATION | JANUARY 2024 12

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