Granite Ridge Investor Presentation Deck

Overview Strategy & Execution Appendix Organic Growth Fueled by Burgers & Beer Year Deal Count 2 Avg. Entry Cost $25 2014 $3.3 $25 2015 Assets $2.0 $89 2016 12 $6.3 Capital Deployed ($MM) ¹ 1 $69 2017 17 $1.3 Inventory & Production Acquisition 1. Acquisition and development data represents historical Cash Flow from Investing. $116 2018 10 $4.3 $180 2019 14 $3.3 $120 2020 16 $1.1 $219 2021 20 $4.2 ■ Development $237 2022 23 $2.2 $287 2023 YTD 23 $2.1 Forming strategic partnerships and aggregating smaller non-op transactions with near-term development @ GRANITE RIDGE 11

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