Winc Investor Presentation Deck

Adjusted EBITDA reconciliation ($M) Net loss Interest expense Income tax expense Depreciation and amortization expense EBITDA Stock based compensation Gain on debt forgiveness - PPP note payable Forgiveness of employee promissory notes issued for stock option exercises Change in fair value of warrants Adjusted EBITDA Net loss margin Adjusted EBITDA margin Q3 2021 ($5.7) $0.1 $0.0 $0.2 ($5.4) $0.8 $3.5 ($0.2) ($1.4) -31.1% -7.3% Q3 2020 ($1.3) $0.1 $0.0 $0.1 ($1.0) $0.1 ($1.0) -7.4% -5.5% YTD Q3 2021 ($9.1) $0.5 $0.0 $0.5 ($8.0) $1.0 ($1.4) $3.5 $0.6 ($4.3) -16.9% -7.9% YTD Q3 2020 ($5.0) $0.7 $0.0 $0.4 ($4.0) $0.2 $0.2 ($3.6) -10.8% -7.7%

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