Investor Presentaiton

Long Term Value Creation Operating Leverage Capital Allocation Cash Flow Earnings Balance Sheet (LT Debt/ EBITDA) Big Rock Brewery Inc. (TSX: BR) FROM <30% Gross Margins High fixed overhead costs (especially BC & Ontario) <10% EBITDA margins <30% packaging capacity utilization ☐ Risk mitigation investments Adoption of technology History of shareholder value destruction (-) (-) 5.2x (in 2016) Value Creation BIG ROCK ☐ BREWERY ☐ ΤΟ >40% Gross Margins Low fixed overhead costs >18% EBITDA margins >80% packaging capacity utilization Investments supporting long term top-line growth Consistent shareholder returns People WHY? Asset Base Diversified Portfolio Manufacturing Expertise Brand Warehousing and Distribution Network Trusted Relationships ■ (+) Consistent operating cash flow per share growth Free cash flow supporting growth and shareholder returns (+) <2.0x 16

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