3Q24 Investor Update

BEER BUSINESS OTHER COGS AFFECTED BY INFLATIONARY PRESSURES Beer Business Other COGS Packaging & Raw Materials Freight Labor & Overhead Share 55-60% (OF TOTAL COGS) 20-25% (OF TOTAL COGS) 10-15% (OF TOTAL COGS) FY24 Outlook % Change YoY +HSD +HSD +HT Constellation Brands

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