Investor Presentaiton

Inventory analysis Inventory at book value split by price segment 1,2 $990.3m $947.9m 45% 41% 43% 41% $1,175.3m $1,063.6m 66% 72% 28% 22% $2,165.5m $2,011.5m Total Luxury $1,230m 57% 57% (F22: $1,151m) • Total inventory volume declined 4% versus the pcp • Total inventory value increased 8%: Total Premium $737m 34% 32% (F22: $637m) • Total Commercial $198m 16% 13% 9% 11% 6% 6% (F22: $223m) F23 F22 F23 F22 current current non non F23 Total F22 Total inventory inventory current current inventory inventory inventory inventory Commercial Premium Luxury - Current inventory increased $42.4m to $990.3m, driven by strong expected demand for TWE'S Luxury portfolio - Non-current inventory increased $111.7m to $1,175.3m, reflecting higher Premium inventories due to the moderation of Premium portfolio sales performance, which will be rebalanced through future vintage intakes Luxury inventory increased 7% to $1,230.1m: - Total Luxury inventory volume declined 5% following the 2023 Australian vintage • In F24, mix adjusted COGS per case are expected to remain broadly in line with F23 1. 18 2. Inventory composition subject to rounding. Totals based on sum of Non-Current and Current Inventory TWE participates in three price segments: Luxury (A$30+), Premium (A$10-A$30) and Commercial (below A$10). Segment price points are retail shelf prices TWE

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