Mighty Craft : Q3 FY22 Presentation

P1 INVESTOR PRESENTATION

Mighty Craft

Q3 FY22 Presentation

April 2022

P2 IMPORTANT NOTICE

This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading this disclaimer you agree to be bound by it. The Presentation has been prepared by Mighty Craft Limited and relates to its subsidiaries, related parties and any new assets or entities subsequently acquired or incorporated following the date on which the Presentation was prepared (collectively the Company). The Presentation is dated 30 March 2022 and the information in it is subject to change without notice.

Purpose

The Presentation is for information purposes only. This Presentation does not contain all information necessary to make an investment decision or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the

Corporations Act 2001 (Cth) (Corporations Act). The Presentation is of a general nature and does not purport to be complete or verified by any other person. Neither the Company has any responsibility or obligation to inform you of any matter arising or coming to their notice, after the date of the Presentation, which may affect any matter referred to in the Presentation.

Incomplete document

The information presented in this document may differ materially in both content and presentation from that to be presented in any prospectus or other Presentation or other document to be issued by the Company. This Presentation is not a recommendation by any of the

Parties that any recipient invest in the Company.

Distribution outside Australia

Distribution or release of this document in the United States or elsewhere outside Australia may be restricted by law. This Presentation has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States

Not an offer or financial product advice

The Presentation does not constitute an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any security in the Company nor does it constitute financial product advice. The Presentation is not a prospectus, product disclosure statement or other offer document under Australian law or under any other law. The Presentation has not been filed, registered or approved by regulatory authorities in any jurisdiction. The Presentation is not intended to be relied upon as advice or a recommendation to investors and does not take into account the investment objectives, financial situation, taxation situation or needs of any particular investor.

An investor must not act on the basis of any matter contained in the Presentation but must make its own assessment of the Company and conduct its own investigations and analysis. Investors should assess their own individual financial circumstances and consider talking to a financial adviser, professional adviser or consultant before making any investment decision. Neither this Presentation nor anything contained in it forms the basis of any contract or commitment and no agreement to subscribe for securities will be entered into on the basis of this Presentation.

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While reasonable care has been taken in relation to the preparation of the Presentation, none of the Company or its respective directors, officers, employees, contractors, agents, or advisers nor any other person (Limited Party) guarantees or makes any representations or warranties, express or implied, as to or takes responsibility for, the accuracy, reliability, completeness or fairness of the information, opinions, forecasts, reports, estimates and conclusions contained in the Presentation. No Limited Party represents or warrants that the Presentation is complete or that it contains all information about the Company that a prospective investor or purchaser may require in evaluating a possible investment in the Company or acquisition of shares in the Company. To the maximum extent permitted by law, each Limited Party expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in the Presentation including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out or derived from, or for omissions from the Presentation including, without limitation, any financial information, any estimates or projections and any other financial information derived therefrom.

Forward-looking statements

The Presentation includes forward-looking statements and comments about future events, including the Company's expectations about the performance of its businesses. Forward-looking words such as "expect", "should", "could", "may", "predict", "plan", "will", "believe",

"forecast", "estimate", "target" or other similar expressions are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward-looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward-looking statement. Subject to any continuing obligations under applicable law, the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in the Presentation to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based. No Limited Party or any other person makes any representation, or gives any assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in the Presentation will occur.

Past performance

Past performance is not indicative of future performance and no guarantee of future returns is implied or given.

Snapshot of Mighty Craft.

Vision

Purpose

Our BusinessOur Assets

Strategic PrioritiesEnablers

Australia's leading craft drinks businessCombining our strengths, so our craft community thrives. Stronger together.

Beer/ Cider/ RTD	Spirits
Australia's #1 locally owned beer/ cider business.	Australia's leading premium spirits company, globally.

Our Brands	Customer Relationships	Customer Database
Our People	National Distribution	Scalable Production

• • Drive brand awareness and consumer trial across the portfolio

  • • Retain industry leading team industry experts

• • Accelerate globally relevant spirits portfolio

  • • Simplify and focus the business model

• • Drive group efficiency, synergies and sustainable profit

• • Long term shareholder value creation

Shared Services

Venues

Digital Assets

What we do.

How we do it.

Mighty Craft aims to become

Australia's leading craft drinks business.

We look for brands with:

• • National sales reach, industry experts

  We are consolidating a portfolio of local craft brands enabling them to scale their production, distribution and sales through expert industry leadership, access to growth capital and unrivalled operational excellence.

  • • Growth capital and working capital solutions

    • • ambitious founders and cultural fit

• • Efficient national distribution

  • • geographic spread (beer)

• • Entrenched retail relationships - top to top approach

  • • Back office, finance and strategy support

    • • provenance

    • • national and global appeal

• • Brand marketing expertise and investment

• • Entrepreneurial bespoke corporate structures

• • Structured commercial planning

• • premium positioning (spirits)

• • scalable operations

Acquire and integrate great brandsAccelerate growth and efficiency through scaleCapital solutions and business planning

Q3 FY22 Business highlights

• • Record cash receipts of $21.3 million¹ for the quarter, up +96% on Q3 FY21 ("pcp")

• • Revenue for the quarter of $19.4m up +105% vs pcp

• • Operating cash outflow of $(2.9) million reflecting the soft results in venues as well as working capital to support the growth

• • EBITDA for the quarter of $(1.3)² million versus $(2.2) million in pcp

• • Better Beer Sales of $7.8 million (1.8m Litres) in Q3 FY22

• • COVID continued to cause disruption across venues and sales into the on-premise as flagged in the recent investor update.

• • Cash balance as of 31 March 2022 was $6.8 million (31 December 2021: $10.7 million)

• 1. All financial numbers included are unaudited management accounts

• 2. EBITDA is a non-GAAP measure and management view it as an important indicator of performance