Post Holdings, Inc.: Post Holdings Reports Results for the Second Quarter of Fiscal Year 2021 Highlights: Operating profit of $145.1 million; net earnings of $109.9 million; Adjusted EBITDA of $263.8 million Second half fiscal year 2021 Adjusted EBITDA (non-GAAP) expected to range between $590-$620 million Basis of Presentation On October 21, 2019, the initial public offering of a minority interest in the BellRing Brands business (the "BellRing IPO"), Post's historical active nutrition business, was completed. Post fully consolidates the results of BellRing Brands, Inc. ("BellRing") and its subsidiaries within Post's financial statements and effective October 21, 2019 allocates 28.8% of BellRing's consolidated net earnings/loss and net assets to noncontrolling interest within Post's financial statements.