PBH22 normal

Depreciation Inventory Acquisition Reported % Expense Step-Up Costs Normalized % -------------- --------- -------------- -------------- -------------- -------------- --------- Revenue 1,086.8 100.0% 1,086.8 100.0% Cost of Goods Sold 466.2 (7.2) (1.6) 457.4 -------------- --------- -------------- --------- Gross Margin 620.6 57.1% 629.4 57.9% Operating Expenses: Advertising & Marketing 157.3 14.5% 157.3 14.5% General & Administrative 108.5 10.0% (5.1) 103.4 9.5% Depreciation & Amortization 24.9 2.3% 7.2 32.1 3.0% -------------- --------- -------------- --------- Total Operating Expenses 290.7 26.8% 292.8 26.9% -------------- --------- -------------- --------- Operating Income 329.9 30.4% 336.6 31.0% Pretax Income 262.5 8.8 271.3 Income Taxes 57.1 7.9 65.0 Effective Tax Rate 21.7% 23.9% Prestige Consumer Healthcare, Inc. Normalizing Adjustments For Year Ended March 31, 2022