Acceleration Plan

Scale and expand in beyond beer. The Company's Beyond Beer portfolio includes Flavor, Spirits, and Non- Alcoholic. This Beyond Beer portfolio supports the Company's premiumization efforts and is focused on scalable products in higher-growth segments. From diversified flavor, including winners like Simply Spiked and Arnold Palmer Spiked, to acclaimed whiskey brands under the Coors Spirits Company, to energy drinks through its partnership with Dwayne Johnson's ZOA Energy, the Company expects its Beyond Beer portfolio to drive about half of its Above Premium net sales revenue growth over the medium term. Invest in its capabilities. Molson Coors intends to continue to invest in building leading capabilities and efficiencies, including digital transformation, marketing effectiveness, sales execution, and sustainability initiatives. Since 2019, the Company increased aluminum can production capacity, built a new U.S. variety packer, added a can line in Croatia, built a new state-of-the-art brewery in Canada, broke ground on a major modernization in its Golden Colorado brewery, and added flavor production capabilities in the U.S., Canada, and the U.K. The Company's digital transformation has enhanced the effectiveness of its marketing and sales efforts as well. Continued investments in these capabilities are expected to help drive growth and margin expansion through productivity improvements, operating efficiencies, and cost savings. Support its people, communities, and planet. The Company recommitted to its core values, the first of which is "Put People First" along with investing in their success and supporting the communities in which it operates globally. Hattersley commended the more than 16,000 employees around the world who helped deliver growth over the past several years, along with the fundamentals of the Revitalization Plan. Financial Outlook: Long-term Financial Outlook: . • • Low-single-digit annual Net Sales Revenue growth, on a constant currency basis Mid-single-digit annual Underlying Income before Income Taxes growth, on a constant currency basis High-single-digit annual Underlying Earnings per Share growth Net Debt to Underlying EBITDA of under 2.5x over the long term Share Repurchase: Today, the Company announced that its Board of Directors authorized a $2 billion share repurchase program with an expected program term of five years. The Company intends for its repurchases to be a mixture of sustained and opportunistic purchases that the Company believes, with its balanced and cohesive approach, will improve shareholder value creation. A webcast of the event is accessible via the Investor Relations page of the Molson Coors Beverage Company website, ir.molsoncoors.com. A replay of the webcast will be available once the event concludes. CONTACT INFORMATION: Investor Relations: News Media: Greg Tierney (414) 931-3303 Traci Mangini (415) 308-0151 Rachel Dickens (314) 452-9673

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