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Investor Presentaiton

Financial Highlights Metric Q2 2021 vs. Q2 2020 Results Results Sales Volume (hl): Net Revenue: ($/hl) Gross Margins (%): Adj. EBITDA1,2 ($MM): Adj. EBITDA12 Margin (%): Operating Income/(Loss) ($MM): -1.0%, from 46,693 hl to 46,233 hl +14.8%, from $11.9 million to $13.7 million +15.9%, from $255.41 to $296.11 -1.2% to 39.3% from $2.5 million to $2.0 million -6.5%, from 20.9% to 14.4% from $1.1 million to $1.1 million Selling, Marketing, and G&A costs² ($MM): +17.8%, from $3.5 million to $4.1 million Cash (as at 06/30/21) ($MM): Total credit facilities ($MM) - Total Drawn (as at 06/30/21) Credit Facility ($MM) Balance Sheet Snapshot Bank Debt Remaining Facility ■Cash 06/18/21: $30.0 Etobicoke $25.0 $0.2 $0.3 Divestiture $0.2 closes for $20.0 $16.0 $2.1MM cash $15.0 $11.0 $11.0 $8.6 $10.0 $2.2 $8.1 $5.0 2021 strategic capital plan underway Increase to cash and elimination of capital $8.8 $7.4 lease related to Etobicoke divestiture $2.9 $0.0 2016 2020 June 30, 2021 Capital Lease Total LT Debt $2.5MM $11.3MM -$7.1MM $1.2MM $4.2MM $0.0MM +$3.2MM $7.4MM 76.2% Despite two years of major challenges, we have managed to improve the balance sheet and profitability significantly Pro Forma 2021 Capital Plan - Illustrative Growth Scenario $0.2 million Metric Total Volume $16 million $7.4 million or 46% Revenue EBITDA Margin 1 Adjusted EBITDA excludes share-based compensation expense 2 Adjusted EBITDA and SMG&A in Q2 2020 includes $0.8 million of Canada Emergency Wage Subsidy Big Rock Brewery Announces Second Quarter Results & Continued Growth in Revenue Big Rock Brewery Inc. (TSX: BR) Existing Operations^ 200,000 220,000 hl 2021 capital plan enabling growth $42 $45 million 10% - 12% ^in COVID-19 environment Illustrative Growth* 400,000 hl $55 $65 million** 13% - 15% *Assumes sustained regulatory policy **Accounts for large variance in co-pack terms 14
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