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FORWARD-LOOKING STATEMENTS
This presentation contains forward-looking statements, such as projected net sales, operating results, earnings, and cash flows that are subject to risks and
uncertainties that could cause actual results to differ materially from future results expressed or implied by those forward-looking statements. The risks,
uncertainties, important factors, and assumptions listed and discussed in this presentation, which could cause actual results to differ materially from those
expressed, include: the Company’s ability to maintain operational stability and successfully achieve the benefits associated with ongoing optimization initiatives
of the Sweet Baked Snacks business, including the risk that the business may not achieve anticipated operating or financial results; disruptions or inefficiencies
in the Company’s operations or supply chain, including any impact caused by product recalls, political instability, terrorism, geopolitical conflicts, extreme
weather conditions, natural disasters, pandemics, work stoppages or labor shortages, or other calamities; risks related to the availability of, and cost inflation in,
supply chain inputs, including labor, raw materials, commodities, packaging, and transportation; the impact of food security concerns involving either the
Company’s products or its competitors’ products, changes in consumer preferences, consumer or other litigation, actions by the U.S. Food and Drug
Administration or other agencies, and product recalls; risks associated with derivative and purchasing strategies the Company employs to manage commodity
pricing and interest rate risks; the availability of reliable transportation on acceptable terms; the ability to achieve cost savings related to the Company’s cost
management programs in the amounts and within the time frames currently anticipated; the ability to generate sufficient cash flow to continue operating
under the Company’s capital deployment model, including capital expenditures, debt repayment to meet the Company’s deleveraging objectives, dividend
payments, and share repurchases; a change in outlook or downgrade in the Company’s public credit ratings by a rating agency below investment grade; the
ability to implement and realize the full benefit of price changes, and the impact of the timing of the price changes to profits and cash flow in a particular
period; the success and cost of marketing and sales programs and strategies intended to promote growth in the Company’s businesses, including product
innovation; general competitive activity in the market, including competitors’ pricing practices and promotional spending levels; the Company’s ability to
attract and retain key talent; the concentration of certain of the Company’s businesses with key customers and suppliers, including primary or single-source
suppliers of certain key raw materials and finished goods, and the Company’s ability to manage and maintain key relationships; impairments in the carrying
value of goodwill, other intangible assets, or other long-lived assets or changes in the useful lives of other intangible assets or other long-lived assets; the
impact of new or changes to existing governmental laws, regulations, and policies and their application, including tariffs, food ingredients, food labeling, and
food accessibility; the outcome of tax examinations, changes in tax laws, and other tax matters; a disruption, failure, or security breach of the Company or its
suppliers’ information technology systems, including, but not limited to, ransomware attacks; foreign currency exchange rate and interest rate fluctuations; and
risks related to other factors described under “Risk Factors” in other reports and statements filed with the Securities and Exchange Commission, including the
Company’s most recent Annual Report on Form 10-K. The Company undertakes no obligation to update or revise these forward-looking statements, which
speak only as of the date made, to reflect new events or circumstances.
