Post Holdings, Inc. · NYSE:POST
Post — Investor Presentation (June 2026)
34 slides from Post's investor presentation, Jun 9, 2026
Slide 1: Investor Presentation
Investor Presentation June 9, 2026
Slide 2: Important Notice Regarding the Information Contained in this Presentation
Important Notice Regarding the Information Contained in this Presentation The information contained in this presentation, unless otherwise noted, is as of May 7, 2026 and is intended to facilitate discussions with investors and potential investors of Post Holdings, Inc. (“Post,” “Post Holdings,” the
Slide 3: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements Certain matters discussed in this presentation are forward-looking statements within • Post’s and its customers’ ability to compete in their respective product categories, the meaning of the Private Securities Litigation Reform Act of 1995. T
Slide 4: Cautionary Statement Regarding Forward-Looking Statements (Cont'd)
Cautionary Statement Regarding Forward-Looking Statements (Cont’d) (CONTINUED FROM PRIOR PAGE): • differences in Post’s actual operating results from any of its guidance regarding its future performance; • impairment in the carrying value of goodwill, other intangibles or long-lived assets or change
Slide 5: Additional Information
Additional Information Non-GAAP Financial Measures measures of performance and ability to service debt. Adjusted EBITDA and estimated consolidated Adjusted EBITDA taking into account expected synergies in connection Post uses Adjusted EBITDA, Post’s estimated consolidated Adjusted EBITDA taking into
Slide 6: Additional Information (Cont'd)
Additional Information (Cont’d) Prospective Financial Information The prospective financial information provided in this presentation regarding Post’s acquisition of 8th Avenue, Post’s estimated consolidated Adjusted EBITDA taking into future performance, including Post’s Adjusted EBITDA guidance fo
Slide 7: Additional Information (Cont'd)
Additional Information (Cont’d) Market and Industry Data This presentation includes industry and trade association data, forecasts and use the trademarks, service marks and trade names that are used in conjunction with information that were prepared based, in part, upon data, forecasts and informati
Slide 8: A Holding Company of Consumer Operating Companies
A Holding Company of Consumer Operating Companies • Post Holdings is a consumer packaged goods/food holding company • Currently, Post owns four platforms: • Post Consumer Brands • Foodservice • Refrigerated Retail • Weetabix • Post is considered a unique blend of operating excellence and innovative
Slide 9: Post Holdings: Current Businesses
Post Holdings: Current Businesses REFRIGERATED POST CONSUMER BRANDS FOODSERVICE WEETABIX RETAIL Primarily North American branded and private label Primarily Primarily side dish, Primarily United ready-to-eat (“RTE”) cereal and granola, pet food and egg and potato egg and Kingdom (“U.K.”) RTE nut but
Slide 10: Post Holdings: Relative Segment Sizes
Post Holdings: Relative Segment Sizes Segment Sales by Category (2Q26) Foodservice Potatoes & Other 5% Eggs Grocery 25% 34% Post Consumer Brands Side Dishes 6% Pet Other 17% 6% Weetabix Refrigerated 7% Retail Weetabix 10
Slide 11: How Post Differs From Other CPG Companies
How Post Differs From Other CPG Companies • Post does not pay a dividend, and it generally operates at higher leverage levels • Maintaining higher leverage avoids excess equity. Not paying a dividend enables generally higher leverage by forgoing fixed commitments for its cash flow • Post returns cap
Slide 12: Growth Algorithm
Growth Algorithm (Prost) POST HOLDINGS, INC.
Slide 13: Growth Algorithm Summary
Summary • Post’s capital allocation is evaluated against a baseline performance that generates low teens share price CAGR (“Hurdle Rate”) • Assumes low single digit Adjusted EBITDA growth and all free cash flow used to retire debt Enterprise Value Enterprise Value Net Debt Net Debt Equity Value Equi
Slide 14: Long Term Portfolio Algorithm
Long Term Portfolio Algorithm: Consistent low-single-digit Adjusted EBITDA growth with strong Free Cash Flow Segment Focus Drivers • Grocery: Leverage brand and private label leadership positions Post Consumer Maximize while driving cost efficiencies to offset category headwinds Brands Cash flow • P
Slide 15: Free Cash Flow Generation
Free Cash Flow Generation Key Cash Flow Characteristics Illustrative Free Cash Flow Calculation ($ in millions) • Recurring revenue stream Post Fiscal Year 2026 Adjusted EBITDA Outlook(2) $1,565 supported by strong or growing 8th Avenue Synergies(3) 15 market positions or attractive Foodservice Norm
Slide 16: Debt Maturity Ladder
Debt Maturity Ladder Notes are Fixed Rate with No Maturities until 2027 Debt Maturities by Calendar Year(1) ($ in millions) 2.50% Convertible Senior Notes due Aug. 2027 (2) Revolving Credit Facility (Undrawn) 4.625% Senior Notes due Apr. 2030 4.50% Senior Notes due Sept. 2031 6.25% Senior Secured No
Slide 17: Business Overviews
Business Overviews (Prost) POST HOLDINGS, INC.
Slide 18: Post Consumer Brands ("PCB"): Overview
Post Consumer Brands (“PCB”): Overview • PCB is a scale level platform for ambient food products • Grocery (RTE cereal, granola, nut butter) • Pet food • PCB is the combination of: • Post Foods – separated from Ralcorp in 2012 • MOM Brands – acquired in 2015 • Weetabix North America – acquired in 20
Slide 19: Post Consumer Brands: North America RTE Cereal
Post Consumer Brands: North America RTE Cereal • Strong #3 in category(1) • Branded dollar market share of 21%(1) • Branded volume market share of 24%(1) • #1 in the value segment(2) • #1 in the bag segment, with dollar and volume market share of ~70%(2) • #1 provider of private label RTE cereal(3)
Slide 20: Post Consumer Brands: Pet Food
Post Consumer Brands: Pet Food • #3 branded U.S. pet food manufacturer by volume(1) • Leading dog and cat food brands in the value, mainstream and entry premium sub-categories • Large, stable category supported by secular consumer trends • Key competitors • Nestlé • Mars • Key brands • Rachael Ray N
Slide 21: Foodservice: Overview
Foodservice: Overview • In 2014, Post acquired Michael Foods, one of the largest providers of value-added eggs and potatoes for foodservice and retail channels • When Post acquired Bob Evans Farms in 2018, it created two pure channel plays with Michael Foods in foodservice and Bob Evans managing ret
Slide 22: Foodservice: Value-Added Egg Products
Foodservice: Value-Added Egg Products • Foodservice historical category growth rate of ~4%(1) • #1 foodservice provider with greater than 50% market share(1) • Key competitors • Cargill • Deb El Food Products • Category barriers to entry • Highly complex and costly supply chain • Cost leadership • T
Slide 23: Foodservice: Growth
Foodservice: Growth • Meaningful growth opportunities • Conversion ‘up the value chain’ to higher value-add, higher margin products • Volume growth through increase in away from home consumption • Expansion into other dayparts • Attractive value-proposition to foodservice customers • Diminished food
Slide 24: Foodservice: Margin Expansion Via Mix Improvement
Foodservice: Margin Expansion Via Mix Improvement Portion of Foodservice • Conversion of shell egg users egg to value-added products, up volume(1) ~2% gross volume mix shift up the value chain since pre- the value chain 15-20% pandemic(2) • Approximately ~35% of foodservice Precooked Products at the
Slide 25: Refrigerated Retail: Overview
Refrigerated Retail: Overview • Post acquired Bob Evans Farms in 2018 and created a pure play retail business • Refrigerated Retail is anchored by attractive dinner side dish products. Retail combination added breakfast side dishes – Bob Evans and Simply Potatoes. Both are attractive ‘heat and eat’
Slide 26: Refrigerated Retail: Core Products
Refrigerated Retail: Core Products • Attractive product set across retail refrigerated potato and pasta side dishes, egg products and breakfast sausage • Brands: Bob Evans, Simply Potatoes, Egg Beaters, Owens • Leader in refrigerated side dishes(1) • Meaningful growth opportunity through increasing
Slide 27: Weetabix: Overview
Weetabix: Overview • Weetabix, like PCB, is a scale ambient platform with a predominantly U.K. and European focus • Weetabix was acquired in 2017. In 2022, it added UFIT, a protein-based beverage provider • In the U.K. RTE cereal category, the flagship Weetabix brand holds the #1 brand position(1) a
Slide 28: Appendix
Appendix (Past) POST HOLDINGS, INC.
Slide 29: Explanation and Reconciliation of Post's Non-GAAP Measures
Explanation and Reconciliation of Post’s Non-GAAP Measures Post uses certain non-GAAP measures in this presentation to supplement the b) Loss on amounts held for sale: Post has excluded losses recorded to financial measures prepared in accordance with GAAP. These non-GAAP adjust the carrying value o
Slide 30: Explanation and Reconciliation of Post's Non-GAAP Measures (Cont'd)
Explanation and Reconciliation of Post’s Non-GAAP Measures (Cont’d) f) Integration costs and transaction costs: Post has excluded transaction the inherent uncertainty and volatility associated with such amounts costs related to professional service fees and other related costs based on changes in as
Slide 31: Explanation and Reconciliation of Post's Non-GAAP Measures (Cont'd)
Explanation and Reconciliation of Post’s Non-GAAP Measures (Cont’d) l) Provision for legal settlements: Post has excluded gains and losses periods. recorded to recognize the anticipated or actual resolution of certain litigation as Post believes such gains and losses do not reflect expected q) Inven
Slide 32: Post Adjusted EBITDA Reconciliation
Post Adjusted EBITDA Reconciliation Fiscal Year Six Months Twelve Months ($ in millions) Ended Sep. 30 Ended Mar. 31 Ended Mar. 31 2025 2026 2025 2026 Net Earnings $335.7 $178.7 $175.9 $338.5 Interest expense, net 361.4 209.1 171.1 399.4 Income tax expense 108.7 55.4 52.1 112.0 Depreciation and amor
Slide 33: Post Net Leverage Reconciliation
Post Net Leverage Reconciliation ($ in millions) March 31, 2026 Long-term debt $7,629.1 Plus: Current portion of long-term debt 1.3 Debt issuance costs, net 58.7 Less: Unamortized premium, net 13.1 Total principal debt $7,676.0 Less: Cash and cash equivalents 269.4 Net Debt $7,406.6 Adjusted EBITDA
Slide 34: POST HOLDINGS, INC.
POST HOLDINGS, INC.