Diageo Investor Day Presentation Deck

SHUI JING FANG HAS SHOWN STRONG GROWTH SJF HAS BEEN A GROWTH ENGINE SJF GSV RMB million 855 CY15 1,176 Source: SJF Annual Reports CY16 2,048 CY17 +19% post-COVID recovery from H2 CY19 to H2 CY20 3,539 2,819 CY18 CY19 3,006 CY20 AND HAS BEEN GAINING SHARE 2015-2019 GSV CAGR SJF Fenjiu Moutai Jiuguijiu Wuliangye Luzhoulaojiao ST Shede Shunxin Jinshiyuan Gujinggong Kouzijiao Laobaigan Yanghe Yilite Jinhui Yingjiagong ST Huangtai QQKJ Gold seed -15% Source: Company Annual Reports (2015-2019) 10% 9% 8% DIAGEO 7% 15% 19% 19% 16% 27% 23% 23% 23% 22% 30% 26% 43% 13

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