Dutch Bros Investor Presentation Deck
OUTLOOK
FY 2023 Outlook
Total System New Shop Openings
Company-operated Shop Openings
Revenue
Same Shop Sales Growth
1
Adjusted EBITDA ¹
Capital Expenditures
at least 150
at least 130
$950 million to $1 billion
approximately low single digits
at least $125 million
$225 million to $250 million
Full Year 2023 Outlook is Derived From Recent Trends and Does Not Assume Material Changes
to the Current Operating Environment, Inclusive of Any Potential Further COVID-19 Impacts
10
1
We have not reconciled guidance for Adjusted EBITDA to the corresponding GAAP financial measure because the various reconciling items are not
available on a forward-looking basis. We are unable to determine the probable significance of reconciling items because certain items are outside of our
control and vary significantly from period to period. Accordingly, reconciliation to the corresponding GAAP financial measure is not available without
unreasonable effort.
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