Dutch Bros Results Presentation Deck

2021 COMPANY-OPERATED GROSS PROFIT BY AGE CLASS 21.1% $1.9 SHOP MARGINS EVOLUTION OVER TIME Total 24.6% $1.5 Class of 2017 & Prior Net AUV ($M) 25.4% $1.8 25.1% $1.9 Class of 2018 Class of 2019 Gross Profit % 25.7% $2.1 Class of 2020 Total Gross Profit % $2.2 0,5% Class of 2021 10 40.0% 30.0% 20.0% 10.0% -% (10.0)% (20.0)% (30.0)% (40.0)% (50.0)% (60.0)% GROSS MARGIN % PROGRESSION (16.6)% 4 Q1 2021 1st Q Q2 2021 22.0% Quarters After Opening 2nd Q Q3 2021 22.4% 3rd Q Q4 2021 28.0% 4th Q 2020 2021 Average

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