Dutch Bros Investor Conference Presentation Deck

DELIVERING OPERATED SHOP GROWTH IN 2018, WE SET A GOAL TO REACH 800+ SHOPS BY THE END OF 2023 Goal Achieved: 831 Shops ¥ DUTCH BROS NIHILAT BEST IN CLASS COMPANY- DRIVE THRU 41 WE ENTER THE NEXT ERA OF GROWTH ON A SOLID FOUNDATION TO SCALE 370 118 252 2019 SYSTEMWIDE SHOP CAGR: +22% COMPANY-OPERATED CAGR: +46% 441 182 NET NEW SHOP GROWTH 259 2020 538 271 267 2021 Franchised 671 396 275 2022 Company-Operated 831 542 289 2023 150 to 165 New Shops 2024E

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