Karat IPO Presentation Deck

HISTORICAL CAPEX DETAIL ($ in millions) Excluding the construction of the Rockwall and Branchburg facilities, Karat capex has averaged approximately 1.2% of revenue from 2017 to Q4 2020 $5.8 $4.1 2017 $23.6 $20.3 2018 Capital Expenditures $37.5 $15.0 $4.1 $18.4 2019 Karat Construction $6.5 $0.2 $6.3 $31.1 Q1 2020 $25.8 $10,0 $113 $5.2 Q2 2020 Karat Other Global Wells 50.0 $8.7 Q3 2020 $3.2 $3.2 Q4 2020 Commentary • Global Wells (2017-2019) - $36 million (Rockwall) ▪ $4 million land . $27 million building • $4 million leasehold improvements • $19k furniture & equipment Karat (2017-2020) - $56 million . $32 million for Rockwall TX production machinery (thermo- forming, cup forming, extruders) CONFIDENTIAL • $2 million Chino, CA production machinery (thermo- forming) • $3 million molding machines • $2 million other machinery & equipment . $3 million trucking fleet . $13 million leasehold . $1 million computers, furniture & fixtures • Global Wells (2020)- $26 million (Branchburg) . $9 million land . $17 million building Karat 26

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