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PREMIUM BRANDS HOLDINGS CORPORATION REPORTS SECOND QUARTER 2021 RESULTS , DECLARES THIRD QUARTER DIVIDEND , ANNOUNCES TWO TRANSACTIONS AND RELEASES ITS 2021 ESG REPORT VANCOUVER , B.C. , August 5 , 2021. Premium Brands Holdings Corporation ( TSX : PBH ) , a leading producer , marketer and distributor of branded specialty food products , announced today its results for the second quarter of 2021 . HIGHLIGHTS 1 • • • • • • Second quarter record revenue of $ 1.2 billion representing a 26.4 % , or $ 258.1 million , increase as compared to the second quarter of 2020 Organic volume growth of 17.8 % , or 9.3 % after normalizing sales recoveries associated with the easing of pandemic - related restrictions Record second quarter adjusted EBITDA¹ of $ 112.2 million representing a 67.2 % , or $ 45.1 million , increase as compared to the second quarter of 2020 Second quarter adjusted EPS1 of $ 1.23 per share as compared to $ 0.57 per share in the second quarter of 2020 and $ 1.10 per share in the second quarter of 2019 Clearwater Seafood continued to generate significantly improved results posting quarterly sales and EBITDA of $ 138.9 million and $ 28.0 million , respectively , as compared to $ 153.9 million and $ 26.4 million , respectively in 2019 During the quarter , the Company completed the acquisition of Mermax , a Quebec based food processing and distribution company and subsequent to the quarter entered into an agreement to acquire Maid - Rite Specialty Foods , a Pennsylvania based cooked protein manufacturer Also subsequent to the quarter , the Company issued its 2021 ESG Report - Healthy Planet , Healthy Food , Healthy People , which can be found on its website at www.premiumbrandsholdings.com The Company reports its financial results in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ( IFRS ) . Adjusted EBITDA and adjusted EPS are non - IFRS financial measures . Reconciliations and explanations for all non - IFRS measures are included in the Non - IFRS Financial Measures section of this press release . CONFERENCE CALL The Company will hold a conference call to discuss its second quarter 2021 results today at 10:30 a.m. PDT ( 1:30 p.m. EDT ) . An investor presentation that will be referenced on the conference call is available here or on the Company's website at http://www.premiumbrandsholdings.com . Access to the call may be obtained by calling the operator at ( 833 ) 300-9218 / ( 647 ) 689-4551 ( Conference ID : 8576014 ) up to ten minutes prior to the scheduled start time . For those who are unable to participate , a recording of the conference call will be available through to 8:59 p.m. PST on August 29 , 2021 at ( 855 ) 859-2056 / ( 404 ) 537-3406 ( passcode : 8576014 ) . Alternatively , a recording of the conference call will be available at the Company's website at http://www.premiumbrandsholdings.com .