FOCUSED ON PROFITABLE, CONSISTENT GROWTH Investor Presentation June 2013

Certain information contained in this presentation may constitute forward-looking statements, such as information relating to expected performance. These forward-looking statements are subject to a number of factors and uncertainties that could cause actual results and experiences to differ materially from the anticipated results and expectations expressed in such forward-looking statements. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made.

Among the factors that may cause actual results and experiences to differ from anticipated results and expectations expressed in such forward-looking statements are the following: (i) the effect of, or changes in, general economic conditions; (ii) fluctuations in the cost and availability of inputs and raw materials, such as live cattle, live swine, feed grains (including corn and soybean meal) and energy; (iii) market conditions for finished products, including competition from other global and domestic food processors, supply and pricing of competing products and alternative proteins and demand for alternative proteins; (iv) successful rationalization of existing facilities and operating efficiencies of the facilities; (v) risks associated with our commodity purchasing activities; (vi) access to foreign markets together with foreign economic conditions, including currency fluctuations, import/export restrictions and foreign politics; (vii) outbreak of a livestock disease (such as avian influenza or bovine spongiform encephalopathy), which could have an adverse effect on livestock we own, the availability of livestock we purchase, consumer perception of certain protein products or our ability to access certain domestic and foreign markets; (viii) changes in availability and relative costs of labor and contract growers and our ability to maintain good relationships with employees, labor unions, contract growers and independent producers providing us livestock; (ix) issues related to food safety, including costs resulting from product recalls, regulatory compliance and any related claims or litigation; (x) changes in consumer preference and diets and our ability to identify and react to consumer trends; (xi) significant marketing plan changes by large customers or loss of one or more large customers; (xii) adverse results from litigation; (xiii) risks associated with leverage, including cost increases due to rising interest rates or changes in debt ratings or outlook; (xiv) compliance with and changes to regulations and laws (both domestic and foreign), including changes in accounting standards, tax laws, environmental laws, agricultural laws and occupational, health and safety laws; (xv) our ability to make effective acquisitions or joint ventures and successfully integrate newly acquired businesses into existing operations; (xvi) effectiveness of advertising and marketing programs; and (xvii) those factors listed under Item 1A. “Risk Factors” included in our September 29, 2012, Annual Report filed on Form 10-K.

FORWARD-LOOKING STATEMENTS

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• Tyson Today

• The Global Marketplace

• Strategic Growth

• Financial Results and Outlook

• Appendix

TODAY’S DISCUSSION

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TYSON TODAY

What We Believe

Core Values Who We Are We are a company of people engaged in the production of food, seeking to pursue truth and integrity, and committed to creating value for our shareholders, our customers, our Team Members and our communities. • We strive to be a company of diverse people. • We strive to be honorable. • We strive to be a faith-friendly company. What We Do • We feed our families, the nation and

the world with trusted food products. • We serve as stewards of the animals, land

and environment entrusted to us. • We strive to provide a safe work environment

for our Team Members. How We Do It • We strive to earn consistent and satisfactory

profits for our shareholders and to invest in our people, products and processes.

• We strive to operate with integrity and trust in all we do.

• We strive to honor God and be respectful of each other, our customers and other stakeholders.

What We Do Purpose

How We Behave

Cultural Tenets • We care about each other.

• We do what we say we are going to do.

• We say it in the room.

• We know our business and deliver results.

• We are passionate about taking care of our customers and consumers.

• We anticipate, embrace and thrive on change.

• We run it like we own it.

• We work hard and have fun as a TEAM.

Recipe for Success Be our customers’ go-to supplier. Grow our business. Run commodity plants full. Engage the fruit. Always value up. Totally drive out inefficiencies.

OUR PRINCIPLES

Our principles and commitment run deep and differentiate Tyson. 6

Strategy

• Multi-Protein Chicken, Beef, Pork

• Multi-Channel Retail, Food Service, Exports

• Multi-National Brazil, China, India, Mexico, United States

• Broad Product Portfolio

THERE IS VALUE IN DIVERSITY

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• Value-added Chicken • Value-added Beef & Pork • Fresh Chicken • Fresh Beef & Pork • Pepperoni • Beef & Pork Pizza Toppings • Pizza Crusts

• Tortillas • Bacon • Deli Meats • Hams • Franks • Ethnic Foods • Soups

• Snacks • Sauces • Appetizers • Side Items • Prepared Meals • Meal Kits • Fully-cooked Dinner Meats

Tyson’s diversity provides a natural hedge against economic cycles and a foundation for growth.

• The Chicken segment is vertically integrated; we manage the production process from beginning to end.

• The Beef and Pork segments are not vertically integrated; we do not carry feed cost risk. Livestock are purchased from various producers.

• The Prepared Foods segment comprises a variety of models; raw materials for these foods come from internal and external sources.

OUR APPROACH TO BUSINESS

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Value-added beef and pork items such as pepperoni and bacon are in the Prepared Foods segment. Value-added chicken items such as nuggets are in the Chicken segment.

MARKET LEADERSHIP

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Source: Watt Poultry USA, March 2013 Based on ready-to-cook pounds

Source: Cattle Buyers Weekly % of Daily Steer/Heifer Slaughter Capacity (head), 2012

Source: National Pork Board Spring 2009 (most recent available)

Tyson produces approximately 1 out of every 5 pounds of chicken, beef and pork in the United States.

VALUABLE PRODUCT PORTFOLIO

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Tyson offers product innovation, consumer insights and a broad portfolio of foods and brands that provide solutions for our customers while giving us pricing power beyond commodity protein.

THREE-YEAR PERFORMANCE: AT A GLANCE

• Delivered record sales each year

• Generated $3.7 billion in operating cash flows

• Invested nearly $2 billion in CapEx to fuel continued improvement and growth

• Paid down $1.1 billion in debt and reduced interest expense

• Improved net debt to cap to 18.4% (Gross debt to cap = 28.7%)

• Established investment grade rating profile with Moody’s, S&P and Fitch

• Improved liquidity to more than $2 billion at the end of fiscal 2012

• Purchased more than 22 million shares under the share repurchase program

• Achieved $715 million in operating efficiencies in the chicken segment (more than $1 billion in total since 2008)

• Averaged nearly $2 adjusted earnings per share*

* See Appendix for non-GAAP reconciliations

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Tyson Foods has achieved an improved level of performance while navigating global economic challenges, unfavorable market dynamics and often staggering input cost increases. From FY2010 to FY2012 Tyson:

“The turnaround is over. It’s time to turn it on.” – Donnie Smith, Tyson Foods President & CEO

POSITIONED FOR SUCCESS

• 115,000 Team Members worldwide

• Second largest food production company in the Fortune 500

• Worldwide locations: – 60 Chicken plants – 12 Beef plants* – 9 Pork plants* – 23 Prepared Foods plants

• Beef and pork plants are near cattle

and hog supplies, which lowers transportation costs and improves availability of livestock for processing

• Chicken plants are located in regions with a climate suitable for poultry production and access to feed grains

12 * Includes three case-ready beef and pork plants

• Chicken • Beef • Pork

• Prepared Foods • Case-Ready Beef & Pork • Animal Nutrition

Where we are in the U.S.

FarmCheck™ Responsible Sourcing

Our Commitment

•Do the right thing when it comes to animal well-being

•Be good stewards of the animals

•Be our customers’ go-to supplier for quality meats

•Anticipate and embrace change based on sound science and best practices

•Be for something rather than against something

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• Active in the fight against hunger since 2000.

• Donated more than 90 million pounds – 360 million meals – of much needed protein to food banks.

• Partners with Share Our Strength, Lift Up America, Feeding America, National Urban League and the League of United Latin American Citizens to raise awareness and help feed the hungry across the nation.

• Meals That Matter disaster relief program begun in 2012 to support our long-standing tradition of feeding people during times of disaster.

MAKING GREAT FOOD. MAKING A DIFFERENCE™

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THE GLOBAL MARKETPLACE

OUR CHALLENGE: FEEDING THE WORLD

WORLD POPULATION GROWTH

75M YEAR

POPULATION GROWING

ADDING A CITY THE SIZE OF PHILADELPHIA WEEKLY

7B 2013

9B 2050

(UNITED NATIONS)

(CENTER FOR FOOD INTEGRITY)

IT’S ESTIMATED THAT IN 40 YEARS THE WORLD WILL NEED 100% MORE FOOD THAN WE PRODUCE TODAY

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• The world’s population is growing; protein consumption is growing with it.

• Globally, as people enter the middle class, they add protein to their diets.

MARKET OPPORTUNITIES

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Global Protein Consumption Source: USDA FAS and OECD. Includes Beef/Veal, Pork, Broilers, and Turkey

• To feed the global demand for protein, the U.S. is exporting more of its protein production.

• U.S. protein production is flat to declining; less protein available to U.S. consumers resulting in higher domestic pricing.

Global protein consumption is projected to grow more than 500% from 1960 to 2019.

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

Met

ric T

ons i

n M

illio

ns

100

110

120

130

140

150

160

170

180

230

235

240

245

250

255

260

265

270

275

280

Combined Per Capita Domestic Meat Availability (Beef, Pork, Chicken, Turkey; Carcass Weight Equivalent)

Cents per Pound

Source: USDA actual historical data; 2013 forecast by Robert A. Brown, Inc.; (1) represents beef, pork, chicken and turkey carcass weight equivalent; (2) annual composite average price is a simple average of monthly USDA wholesale price for beef, pork and poultry; 2013 data as of 5/3/2013.

PROTEIN SUPPLY AND PRICE

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Per Capita Domestic Protein Availability(1) Annual Composite Average Price(2)

Export demand and restrained production have resulted in less protein on the market for U.S. consumers. Lower supplies have led to higher prices.

Pounds

0%

5%

10%

15%

20%

25%

30%

35%

40%

-

500

1,000

1,500

2,000

2,500

3,000

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013E

PROTEIN PRODUCTION AND EXPORTS

19 Source: USDA and Robert A. Brown, Inc., May 2013 2013 is RAB forecasts

While production growth of the three major proteins has slowed in recent years, exports have increased over time, leading to reduced domestic protein supplies.

Beef

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

-

1,000

2,000

3,000

4,000

5,000

6,000 U.S. Exports as a % of Production (Right Scale)

U.S. Exports in Million Pounds (Left Scale)

Pork 0%

5%

10%

15%

20%

25%

30%

35%

40%

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000Chicken

CORN FUTURES AND CHICKEN LIVE COSTS

20 Sources: corn futures, DTN Prophet X; live cost, Tyson Foods

While grain prices have increased in recent years, Tyson’s product innovation, quality and service to customers has helped overcome higher feed costs.

BEEF: HISTORICALLY THE SPREAD MATTERS

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Dolla

rs p

er H

ead

There is a strong correlation between revenue and the cost of cattle. Tyson historically has outperformed industry indexes in the spread between revenue per head and cattle costs.

$1,400

$1,450

$1,500

$1,550

$1,600

$1,650

$1,700

$1,750

$1,800

USDA TOTAL REVENUE

USDA CATTLE COST

PORK: HISTORICALLY THE SPREAD MATTERS

22

Dolla

rs p

er H

ead

There is a strong correlation between revenue and the cost of hogs. Tyson historically has outperformed industry indexes in the spread between revenue per head and hog costs.

$140

$160

$180

$200

$220

USDA TOTAL REVENUE

USDA HOG COST

STRATEGIC GROWTH

Accelerate • Grow domestic value-added chicken sales • Grow prepared foods sales • Grow international chicken production

Innovate • Products and services • Consumer insights

Cultivate • Talent development to support Tyson’s growth and long-term future

GROWTH STRATEGY

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Growth will be fueled by adding value, increasing international production, innovation and Team Members.

Achieve • Grow sales, earnings and shareholder value:

– Grow international in-country production

– Develop innovative, value-added products

– Make strategic acquisitions

• Prepared foods, ethnic foods, value-added chicken

• Small regional players

• International

– Get paid for the value we provide

– Repurchase shares

– Keep operations efficient and costs under control

IT ’S ALL ABOUT TAKING ACTION

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Focus matters.

INNOVATION DRIVES NEW PRODUCTS AND GROWTH

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Product innovation is at the core of our ability to retain and grow our customer base.

DOING WHAT’S RIGHT, RIGHT FROM THE START™

• No antibiotics ever

• 100% vegetarian fed (no animal protein or bakery by-products)

• Independent 3rd party animal welfare certification

• 100% all natural*

• No added hormones or steroids**

• USDA Process Verified Program (Fresh Products)

• Raised Cage Free * No artificial ingredients, minimally processed ** Federal regulations prohibit the use of hormones or steroids in chicken

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• Economic trends • Demographic trends • Flavor trends • Category attitude and usage studies • Consumer insights • Product testing • Macro trends • Consumer panel data • Consumer segment insights • In-store/shopping studies • Concept testing

INSIGHTS FUEL THE INNOVATION PROCESS

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Our proven approach to innovation helps us deliver food solutions to customers and consumers.

• Products • Flavors • Targets • Packages • Usage Occasions

NEW!

FINANCIAL RESULTS AND OUTLOOK

INVESTMENT THESIS • Strong balance sheet provides attractive options for growth:

– Reinvestment in Tyson through CapEx – Strategic acquisitions in prepared foods and value-added chicken – Return capital to shareholders through repurchase program and dividends

• Aggressively increase international in-country production where demand for protein is growing

• Measurable growth: – Annual 3 - 4% revenue growth – 10% EPS growth over time

• Become the leading “solution-providing” food company – not only a commodity protein company:

– Lean-thinking culture focused on operational excellence and continuous improvement – Superior quality, service and innovation to be the customer’s go-to supplier – Alternative channels such as convenience stores, dollar stores and drug store chains

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Tyson strives to be the investment of choice.

• Reduced net debt by $2.6 billion from FY02 through FY12

• Decreased net debt to cap from 51.8% to 18.4% FY02 through FY12

• Invested $690 million in FY12 CapEx

• Achieved $1.2 billion in operating cash flow in FY12, third consecutive year above $1 billion

• Liquidity at the end of FY12 was $2 billion, well above our targeted range of $1.2 billion to $1.5 billion

• Invested $230 million in FY12 to repurchase 12.5 million shares

• Paid a $0.10 special dividend in December 2012

• Increased the regular quarterly dividend by 25%

BALANCE SHEET STRENGTH

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A strong capital structure creates opportunities.

FY12 SALES – $33.3 BILLION

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Tyson’s multi-protein approach is supported by multi-channel distribution.

-$0.50

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

2004 2005 2006 2007 2008 2009 2010 2011 2012

$1.89

ADJUSTED EARNINGS PER SHARE*

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Fiscal Year

* See Appendix for non-GAAP reconciliations

$2.19

$1.91

In 2010, 2011 and 2012, Tyson has proven the value of its approach to business through consistent earnings power, averaging $2.00 annually in adjusted earnings per share.

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2004 2005 2006 2007 2008 2009 2010 2011 2012

ADJUSTED OPERATING INCOME*

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Fiscal Year

$1,547 $1,285

$1,263

in m

illio

ns

* See Appendix for non-GAAP reconciliations

Tyson has averaged nearly $1.4 billion annually in adjusted operating income in 2010, 2011 and 2012.

Chicken Beef Pork Prepared Foods

FY 2010 5.2% 4.6% 8.4% 4.1%

FY 2011 1.5% 3.5% 10.3% 3.6%

FY 2012 3.8% 1.6% 7.6% 5.6%

OPERATING MARGIN BY SEGMENT

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• Multi-protein and prepared foods business model provides balance.

• Performance variability exists from quarter to quarter and segment to segment; however, overall operating income has stabilized, positioning Tyson for growth.

Strong margins are driven by operational efficiencies and a focus on customer satisfaction.

Sales Adjusted EPS*

FY 2010 $28.4 Billion $2.19

FY 2011 $32.3 Billion $1.89

FY 2012 $33.3 Billion $1.91

FY 2013 Expectation ~ $34.5 Billion > 2012

FY 2014 Expectation ~ +3-4% ~ +10%

FY 2015 Expectation ~ +3-4% ~ +10%

GROWTH EXPECTATIONS

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• Expect top-line sales to grow about 3-4% annually

• Sales from value-added products should grow 6-8% annually

• Sales from international production should grow 12-16% annually

• Anticipate an incremental $450 million in feed ingredient costs in FY13, with adjusted earnings expected to be better than FY12 adjusted EPS

• EPS should grow at least 10% annually over time * See Appendix for non-GAAP reconciliations

INTERNATIONAL GROWTH BY 2014

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Tyson’s plans for international growth are focused on poultry production and further processing in Brazil, China and India, in addition to our long-standing poultry business in Mexico.

Maintain 2.7MM

bpw

↑54% to 2MM bpw

↑61% to 450K bpw

↑50% to 3MM bpw

bpw = birds per week

• Capital expenditures to grow existing businesses:

– Capital maintenance level approximates $250 million a year.

– $550-$600 million CapEx planned for FY13.

• Acquisitions advance growth strategies around value-added products and international production:

– Profit improvement CapEx target greater than 20% Modified Internal Rate of Return

– Acquisitions and joint ventures target greater than 20% Return on Invested Capital

• Return cash to shareholders:

– Share repurchases

– Dividends

PRIORITIES FOR USES OF CASH

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• Be the best-in-class operator in beef, pork and chicken

• Consistently outperform beef and pork industry indexes

• Achieved more than $1 billion in operational efficiencies in our chicken segment since 2008; anticipating another $100 million chicken and prepared foods efficiencies in FY13

OPERATIONAL IMPROVEMENTS

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• Tyson Foods is growing into a solution-providing food company:

– Being a commodity protein company is not our goal or our destiny – Pursuing value-added product development – Delivering quality, service and innovation enables us to be the

customers’ go-to supplier – Growth into alternate channels such as convenience stores, dollar stores

and drug store chains offer opportunities

• Strong balance sheet gives Tyson options to grow

• Aggressively growing international in-country production

• Pursuing prepared foods and value-added chicken acquisitions

• Establishing a culture of lean thinking, operational excellence and continuous improvement

• Expectations of annual 3-4% revenue growth and 10% EPS growth over time

• Share repurchases and increased dividends

WHY TYSON?

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APPENDIX Tyson Foods, Inc.

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NON-GAAP RECONCILIATIONS

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Adjusted operating income and adjusted net income per share attributable to Tyson (adjusted EPS) are presented as supplementary financial measurements in the evaluation of our business. We believe the presentations of adjusted operating income and adjusted EPS help investors assess our financial performance from period to period and enhance understanding of our financial performance. However, adjusted operating income and adjusted EPS may not be comparable to those of other companies in our industry, which limits the usefulness as comparative measures. Adjusted operating income and adjusted EPS are not measures required by or calculated in accordance with GAAP and should not be considered as substitutes for any measures of financial performance reported in accordance with GAAP. Investors should rely primarily on our GAAP results, and use non-GAAP financial measures only supplementally, in making investment decisions.

(in millions, expect per share data) 12 Months Ended September 29, 2012 October 1, 2011 October 2, 2010 October 3, 2009

Operating

Income EPS Operating

Income EPS Operating

Income EPS Operating

Income EPS Reported $ 1,248 $ 1.58 $ 1,285 $ 1.97 $ 1,556 $ 2.06 $ (215 ) $ (1.47 ) Less:

Gain from insurance proceeds — — — — (38 ) (0.06 ) — — Gain on sale of interests in an equity method investment — — — (0.03 ) — — — — Reversal of reserves for foreign uncertain tax positions — — — (0.05 ) — — — —

Add: Charges related to plant closing — — — — — — 15 0.02 Impairment of goodwill — — — — 29 0.07 560 1.50 Impairment of equity method investment — — — — — 0.03 — — Impairment of non-core assets in China 15 0.04 — — — — — — Loss related to early extinguishment of debt — 0.29 — — — — — — Losses related to note repurchases — — — — — 0.09 — —

Adjusted $ 1,263 $ 1.91 $ 1,285 $ 1.89 $ 1,547 $ 2.19 $ 360 $ 0.05

NON-GAAP RECONCILIATIONS CON TI N UED

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(in millions, expect per share data) 12 Months Ended September 27, 2008 September 29, 2007 September 30, 2006 October 1, 2005 October 2, 2004

Operating

Income EPS Operating

Income EPS Operating

Income EPS Operating

Income EPS Operating

Income EPS

Reported $ 331 $ 0.24 $ 613 $ 0.75 $ (50 ) $ (0.58 ) $ 655 $ 1.04 $ 733 $ 1.13

Less:

Gain on sale of an investment — (0.03 ) — — — — — — — — Gain on sales of assets — — (19 ) (0.03 ) — — — — — — Gain on sale of remaining interest in Specialty Brands, Inc. — — — — — — — (0.01 ) — — Income related to vitamin antitrust litigation — — — — — — (12 ) (0.02 ) — —

Tax adjustments — — — — — — — (0.04 ) — —

Add: Charges related to BSE — — — — — — — — 61 0.11 Charges related to flood damage 7 0.01 — — — — — — — — Charges related to plant closings 13 0.02 — — 63 0.11 14 0.02 40 0.07 Cumulative effect of change in accounting principles — — — — — 0.02 — — — — Impairment of assets 23 0.04 5 0.01 — — — — 21 0.04 Impairment of intangible assets 10 0.02 7 0.01 3 0.01 — — 25 0.04 Live swine legal settlement — — — — — — 33 0.06 — — Loss related to Hurricane Katrina — — — — — — 8 0.01 — — Severance and restructuring charges 23 0.04 — — 9 0.02 — — — — Tax adjustments — — — — — 0.04 — — — — Write off of obsolete inventory — — — — 7 0.01 — — — —

Adjusted $ 407 $ 0.34 $ 606 $ 0.74 $ 32 $ (0.37 ) $ 698 $ 1.06 $ 880 $ 1.39