Dutch Bros Results Presentation Deck

QUARTERLY FINANCIALS 1 2 (UNITS) 572 310 262 Q1 2022 SHOPS Company-Operated 144 25% 128 41% 18.3% Q1 2022 (% OF COMPANY-OPERATED SHOP SALES) 716 438 Franchised Q1 2023 COMPANY-OPERATED SHOP CONTRIBUTION MARGIN ¹2 12 278 24.2% Q1 2023 See appendix for a reconciliation to the most directly comparable financial measure stated in accordance with GAAP See slide 8 for breakdown of Company-operated Shop Contribution 4 ($M) ($M) $152 $130 $22 Q1 2022 $(16) REVENUE Company-Operated $10 Q1 2022 6.4% Net Income $45M 30% $43M 33% NET INCOME AND ADJUSTED EBITDA ¹1 $14M 147% Adj. EBITDA $197 $173 $24 Q1 2023 Franchised $(9) $24 Q1 2023 12.1% Adj. EBITDA %

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