First Watch IPO Presentation Deck

21 For 38 Years, First Watch Has Been A Word-Of-Mouth Concept 38 Years in Operation 28 States in Operation 11% Aided Awareness (1) 2021 Advent Survey. Aided Awareness - National Brands (1) 91% Olive Garden ITALIEN CENCHICH 90% 89% RED LOBSTER 84% freel Panera BREAD 83% *** 79% rocker BOMB JUICES 49% SHAKE SHACK 15% BLAZE PIZZA 11% FIRST WATCH BREAKFAST BUNCH-LENCH 7% sweetgreen FIRST WATCH HESALFAST BESTEH MENGE

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