Impact Report 2019 External Impact Report | Page 2

A MESSAGE FROM BRANDON KeHE, Shadow & Globe Blue: PMS 286 Light Green in Leaf: PMS 354 Green Stem of Leaf: PMS 356 Yellow in Cheese: PMS 116 Cheese Holes Yellow: PMS 1235 CULTURE KeHE is a place where you can go and serve. We enable and encourage you to serve. The best opportunities come from the passion of our people and the connections they make. Our culture of serving goes back to our founder Art KeHE. We are a faith friendly organization which means that we encourage the whole person to come to work. The whole person makes a better employee, and whole people make a better company. We think our culture is different. As a Certified B Corporation, we are committed to environmental, social and governance standards and responsible business practices. KeHE has strong values that ensure that each employee is treated with Dignity and Respect. We believe that how we conduct business should be a force for good in our society, for our planet, and for those less fortunate. PERFORMANCE As we look back on this past year, we are proud of our accomplishments. Our US Distribution, TOL Canada and KeHE Solutions each play a vital and unique role in our success. Through the hard work and dedication of our employees, we achieved the best financial year on record. We continue to face margin pressure, so we must stay focused on efficiency, service level performance and overhead. As we look to the future, we will embrace change and continuous improvement. 2 | KeHE Impact Report FUTURE VISION KeHE’s expertise in bringing new and emerging brands to market, national distribution network in North America, and the unique ability to help brands and retailers grow, positions KeHE to thrive in the emerging environment. Our strategic vision for the next five years is to be the NEXT GENERATION Distribution Partner. This will be distinguished by innovative products and insights and by providing sales and supply chain solutions to our retail and supplier partners. In order to accomplish these goals, we need to be excellent in the digital space, and have our infrastructure ready for growth. By doing so we will enhance our stakeholder value to our employees, customers, supplier and investors. Our culture will remain the foundation for us in that achievement. FY19 RESULTS FY19 EBITDA (Earnings Expected) Balance Sheet/N.I. Revolver (Available Cash) Bank Covenants (Risk Factors) ESOP Value Management Bonus Profit Sharing KeHECARES TM