Karat IPO Presentation Deck

DIVERSE AND GROWING BLUE CHIP CUSTOMER BASE We have increased our customer base over 150% from approximately 20,000 in 2019 to over 50,000 as of December 31, 2020 chili's National Chains (23% of LTM Revenue) Fast Casual FRIDAYS MIA COFFEE Fast Food *Key Growth Area • Grow our wallet share by supplying customers with a broader range of our foodservice disposables and related products Pollo Loco IN-N-OUT Retail (13% of LTM Revenue) Seachwave Note: % Revenue by Customer Type as of LTM 12/31/20. BURGER Tutti frutti PANDA PRESS CHINESE MITCHE CONFIDENTIAL Distributors (53% of LTM Revenue) BUNZL IFS IFS INDIVIDUAL FOODSERVICE Online (11% of LTM Revenue) LOLLICUPSTORE *Key Growth Area Grow our online distribution channel www.lollicupstore.com by upgrading our website and rolling out our mobile app Est.1926 Karat 11

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