Branded Spirits Acquisition of Penelope Bourbon

BRANDED SPIRITS INCREASED SALES OF BRANDS WITHIN PREMIUM PLUS PRICE TIERS Branded Spirits Sales MGP (Quarter ended 9/30/2023) SMM SMM Change vs Prior Year % Ultra premium $20.1 $6.3 46% Super premium 3.6 0.3 9 Premium 7.1 1.1 18 Premium Plus 30.8 7.7 33 Mid 17.6 (3.2) (15) Value 11.1 (1.1) (9) Other 7.3 0.6 9 Total Branded Spirits $68.8 $4.1 6% 32 Note: Total may not foot due to rounding. All comparisons are on a year-over-year basis.

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