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Investor Presentaiton

DISTILLERY PRODUCTS MGP IS WELL POSITIONED TO CONTINUE BENEFITTING FROM GROWTH IN U.S. SPIRITS - PRIMARILY AMERICAN WHISKEY U.S. Spirits Continue To Gain Share Of Total Beverage Alcohol U.S. Spirits Market Share - Revenue MGP Growth of American Whiskey Continues To Outperform 5-year U.S. American Whiskey Volume CAGR Remains Robust 7 • 33.3% 2010 2012 2014 2016 2018 39.1% Total distilled spirits have experienced 11 straight years of market share gains in the U.S. 2020 volume up 5.3% to 251M cases 2020 revenues up 7.7% to $31B Premiumization trends across categories continued to drive U.S. volume growth for high end and super premium brands in 2020 • Super Premium American Whiskey +17.4% . Rye Whiskey . Super Premium Gin +16.3% +8.4% 6.9% 6.3% 6.5% 6.3% 6.5% 5.7% 5.1% 3.7% 2020 2013 2014 2015 2016 2017 2018 2019 2020 2020 volume was up 7.0% to 28.4M cases, revenues up 8.2% to $4.3B Historical length of trends in 9-LTR Case Volume 1970 2010 2020 American Whiskey 35.6M 15.3M 28.4M the U.S. indicates sustainable growth opportunities Vodka 18.8M 62.1M 76.9M Tequila 0.4M 11.6M 22.2M • Significant headroom for additional American Whiskey growth in the U.S. Amer. Whiskey Metrics 9-LTR Case Volume Per Capita Consumption LDA Population 1970 2010 2020 35.6M 15.3M 28.4M 0.69 0.16 0.28 122M 221M 244M Share of TDS 22.8% 8.0% 11.3% Note: Data sourced from Distilled Spirits Council
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