Investor Presentaiton

MGP OVERVIEW1 MGP has a portfolio of highly attractive business units centered around its historic core DISTILLERY PRODUCTS Sales: $294MM (54% of Total) GP Margin: 22% Leading supplier of distilled spirits, facilitating the creation of bourbons, rye whiskeys, distilled gins and vodkas Continued strategic position within MGP as legacy producer of food grade alcohol Capacity and capability provide key competitive advantage Shifting business mix towards higher margin opportunities as a supplier to our increasingly diverse range of customers Becoming a "solutions provider" to our customers BRANDED SPIRITS Adj. Sales: $186MM (34% of Total) Adj. GP Margin: 35% Attractive and growing portfolio of spirit brands in fastest growing categories A natural evolution to leverage MGP's expertise in production to target the highly attractive branded spirits market Combination with Luxco provides step change in scale and a platform Diversified standard and value portfolio positioned at affordable price points and provides stable cash flows Award winning premium and super premium brands offer a significant long-term upside INGREDIENT SOLUTIONS Sales: $66MM (12% of Total) GP Margin: 16% Largest U.S. supplier of specialty wheat proteins and starches Rapidly growing category with significant long-term upside Aligned with several important consumer trends (e.g. clean label, better for you) MGP Particular focus on specialty starches and proteins MGP's history affords unique know- how in the specialty ingredient category and we are widely regarded as experts in the industry 4 1. All financials based on pro forma combined 2019 results.

View entire presentation