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Investor Presentaiton

Consumer trends • Premiumisation is continuing, with Luxury trends remaining strong and the Premium segment resilient Long-term category trends are continuing to support wine category premiumisation through the current macro cycle - Linkage to cultural trends, holistic end to end experiences and the emergence of 'better for you' alternatives remain important category drivers. Innovation and investment are key to retaining brand strength Luxury wine consumption remains strong, with market value growth observed in a number of TWE's key markets in CY221 - - Asia (ex-China) +10%, US +2%, Australia +11%, UK +11% Mainland China declined significantly due to impacts from the pandemic The Premium wine segment remains resilient, with market value and volume trends reflecting slight declines to modest growth over the past year 52-week Premium segment performance² Australia (0.1)% United Kingdom (3.9)% United States (0.4)% Volume growth % Value growth % 1.8% 1.9% 3.4% 1. IWSR 2023, still and sparkling wine only, portfolio price points per IWSR segmentation 2. 8 Australia: Circana Scan Data, AU Weighted Market, $10-$29.99, MAT to 02/07/23; United Kingdom: Nielsen Grocery Multiples, 75CL Light Wine, £5.01-£15, MAT to 22/07/23, United States: Circana Market Advantage, Total MULO+C, $8-$20 Table & Sparkling, 52 weeks ending 02/07/23 TWE
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