3Q24 Investor Update

THIRD QUARTER FISCAL YEAR 2024 FINANCIAL SUMMARY TABLES ENTERPRISE Operating Income (Loss) Net Sales Third Quarter Fiscal Year 2024¹ | In millions, except per share data Reported $2,471 $797 7% 1% $2,471 $820 1% 7% % Change Comparable % Change BEER Shipments Three Months Ended | In millions; branded product, 24-pack, 12-ounce case equivalents November 30, 2023 November 30, 2022 % Change 101.1 97.8 3.4% 6.1 6.9 (11.6%) Net Income (Loss) Attributable to CBI WINE AND SPIRITS Shipments Organic Shipments ¹ Three Months Ended | In millions; branded product, 9-liter case equivalents November 30, 2023 November 30, 2022 % Change 6.1 6.8 (10.3%) $509 9% $588 12% Depletions 8.2% Adjusted EBIT Depletions¹ (10.0%) $755 6% $839 10% Diluted Net Income (Loss) Per Share Attributable to CBI (EPS) Net Sales $502.4 $544.6 (8%) $1,968.5 $1,891.9 4% Net Sales² $2.76 10% $3.19 13% Organic Net Sales $502.4 $540.9 (7%) 1 Includes adjustments to remove volumes associated with the Wine Divestiture for the period September 1, 2022, through October 5, 2022, included in the three months ended November 30, 2022. 2 Three months ended November 30, 2022, includes $3.7 million of net sales and $1.7 million of gross profit less marketing that are no longer part of the wine and spirits segment results due to the Wine Divestiture. EPS Excluding Canopy EIE ΝΑ ΝΑ $3.24 8% Operating Income (Loss) $757.3 $710.0 7% Operating Income (Loss)² $127.6 $134.8 (5%) Constellation Brands

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