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Investor Presentaiton

Revenue growth management Price increases successfully implemented across several Luxury and Premium portfolio brands¹ Penfolds • Our portfolio contains a number of growing Premium and Luxury brands +9% Treasury Premium Brands +6% +9% Targeted price increases were successfully delivered in F23 across all divisions, supporting NSR per case and margin growth The benefits of revenue growth management are expected to support future top-line growth and margin expansion singoles BIN 407 BERNET SAUVIGNON Taking price on supply constrained Luxury cabernet Treasury Americas 19 Crimes. Price increases in EMEA across the Premium portfolio Stags Leap +17% Cabernet Sauvigne NAPA VALLEY 125TH ANNIVERSARY OF QUE FIRST VINTAGE APA VALLEY Bambou Kineyard NCE CABERNET BV 1900 +10% CHT MATUA SAUVIGNON BLANC MARLBOROUGH, NEW ZEALAND +20% 2016 SAUVIGNON Price increases implemented on fast growing Premium and supply constrained Luxury brands RRP change shown for Penfolds, Stags' Leap and Beaulieu Vineyard Change in average scan price shown for Premium brands (19 Crimes and Squealing Pig, UK Nielsen 12 weeks ending 29/7/23; Matua, US IRI Market Advantage, MAT ending 2/7/23) TWE 1. 15
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