Dutch Bros Results Presentation Deck

2022 COMPANY-OPERATED GROSS PROFIT BY AGE CLASS 20.4% SHOP MARGINS EVOLUTION OVER TIME $1.5 22.6% $1.9 Class of 2017 Class of 2018 & Prior 22.0% $1.9 Class of 2019 Net AUV ($M) 24.0% $2.1 Class of 2020 Gross Profit % 23.7% Class of 2021 Q1 & Q2 Openings ¹ 1 ¹ Includes all open shops, not limited only to the shops open for 15 complete months. $2.1 $2.0 8.4% Class of 2021 Q3 & Q4 1 Openings ¹ 10 GROSS MARGIN % PROGRESSION 40.0% 30.0% 20.0% 10.0% -% (10.0)% (20.0)% (30.0)% (40.0)% (50.0)% (60.0)% 1st Q Q1 2021 Q4 2021 2020-2022 Average Quarters After Opening 2nd Q 3rd Q Q2 2021 Q1 2022 Q3 2021 Q2 2022 4th Q

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