Dutch Bros Results Presentation Deck

QUARTERLY FINANCIALS 1 2 (UNITS) 641 370 271 Q3 2022 SHOPS 153 24% Company-Operated 25.6% 140 38% Q3 2022 Franchised (% OF COMPANY-OPERATED SHOP SALES) 794 510 Q3 2023 COMPANY-OPERATED SHOP CONTRIBUTION MARGIN 12 284 31.0% Q3 2023 See appendix for a reconciliation to the most directly comparable financial measure stated in accordance with GAAP See slide 8 for breakdown of Company-operated Shop Contribution 4 ($M) ($M) $199 $174 $25 Q3 2022 $2 REVENUE Company-Operated $28 Q3 2022 14.0% Net Income $66M 33% $63M 36% NET INCOME AND ADJUSTED EBITDA ¹ $25M 91% Adjusted EBITDA $265 $236 $28 Q3 2023 Franchised $13 $53 Q3 2023 20.0% Adjusted EBITDA %

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