Starbucks Investor Day Presentation Deck

CAPITAL ALLOCATION ● ● ● CAPITAL INVESTMENTS PRIORITY GIVEN TO HIGH-RETURN INVESTMENTS New Stores Technology Sustainability COMPETITIVE DIVIDEND ~50% Earnings Payout Ratio¹ ~2% Yield² 1 Figures are estimated and apply to FY22 through FY24. 2 Yield applies to FY21 through FY24 and is estimated based on expected dividend and share price. SHARE REPURCHASES Non-GAAP EPS Benefit¹ ~1% After Interest at ~3X Leverage

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