Ingredient Solutions Sales Expansion
DISTILLING SOLUTIONS
WELL POSITIONED TO CONTINUE BENEFITTING FROM GROWTH IN U.S. SPIRITS - PRIMARILY AMERICAN WHISKEY
U.S. Spirits Continue To Gain Share Of Total Beverage Alcohol
Beverage Alcohol Market Share - Revenue
MGP
Growth of American Whiskey Continues To Outperform
5-year U.S. American Whiskey Volume CAGR Remains Robust
48.8%
34.3%
16.9%
Beer
-Spirits
Wine
6.9%
6.3% 6.5%
6.3% 6.5%
42.1%
41.9%
6.4% 6.2%
5.7%
5.1%
3.7%
16.0%
2012
2014
2016
2018
2020
2022
2013 2014 2015 2016
2017
2018 2019
2020
2021
2022
•
Total distilled spirits have experienced 13 straight years of market
share gains in the U.S.
2022 volume was up 5.2% vs. 2021 to 31.2M cases, revenues up 10.5% vs.
2021 to $5.1B
•
2022 volume up 4.8% vs. 2021 to 305M cases
2022 revenues up 5.1% vs. 2021 to $38B
Premiumization trends across categories continued to drive U.S.
volume growth for high end and super premium brands in 2022 vs.
2021
Super Premium American Whiskey +15.1%
Historical length of trends in
the U.S. indicates sustainable
growth opportunities
9-LTR Case Volume
American Whiskey
1970
2010
2022
35.6M 15.3M 31.2M
Vodka
Tequila
18.8M 62.1M 76.9M
0.4M
11.6M
29.9M
•
Rye Whiskey
•
Super Premium Gin
+8.6%
+5.1%
Significant headroom for
additional American Whiskey
growth in the U.S.
Amer. Whiskey Metrics
9-LTR Case Volume
Per Capita Consumption
LDA Population
1970
2010
2022
35.6M 15.3M
31.2M
0.69
0.16
0.30
122M
221M
247M(1)
Share of TDS
22.8%
8.0%
10.2%
7
Note: Data sourced from Distilled Spirits Council Annual Economic Briefing Report - 2022
(1) The LDA population for 2022 is an estimate provided by Distilled Spirits CouncilView entire presentation