Molson Coors Beverage : Investor Relations September 2021

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Investor Relations September 2021

Forward Looking Statements

This presentation includes "forward-looking statements" within the meaning of the U.S. federal securities laws. Generally, the words "believe," "aims," "expect," "intend," "anticipate," "project," "will," "outlook," and similar expressions identify forward-looking statements, which generally are not historic in nature. Statements

that refer to projections of our future financial performance, our anticipated results, cost savings and trends in our businesses, and other characterizations of future events or circumstances are forward-looking statements, and include, but are not limited to, the impacts of the Coronavirus pandemic on our operations, liquidity, financial condition and financial results, overall volume trends, consumer preferences, pricing trends, industry forces, cost reduction strategies, including our revitalization plan announced in 2019 and anticipated results, expectations for funding future capital expenditures and operations, debt service capabilities, timing and amounts of debt and leverage levels, shipment levels and profitability, market share and the sufficiency of capital resources. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's historical experience, and present projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission ("SEC"). These factors include, among others, the impact of the Coronavirus pandemic, the impact of increased competition resulting from further consolidation of brewers, competitive pricing and product pressures; health of the beer industry and our brands in our markets; economic conditions in our markets; additional impairment charges; our ability to maintain manufacturer/distribution agreements; changes in our supply chain system; availability or increase in the cost of packaging materials; success of our joint ventures; risks relating to operations in developing and emerging markets; our brand image, reputation, product quality and protection of intellectual property; cha nges in the social acceptability, perceptions and the political views of beverage categories; changes in legal and regulatory requirements, including the regulation of distribution systems; unfavorable outcomes of legal or regulatory matters; fluctuations in foreign currency exchange rates; increase in the cost of commodities used in the business; the impact of climate change and the availability and quality of water; loss or closure of a major brewery or other key facility; our ability to implement our strategic initiatives, including executing and realizing cost savings; pension plan and other post -retirement benefit costs; failure to comply with debt covenants or deterioration in our credit rating; our ability to maintain good labor relations; a breach of our information systems; and ot her risks discussed in our filings with the SEC, including our most recent Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking statements in this presentation are expressly qualified by such cautionary statements and by reference to the underlying assumptions. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We do not undertake to update forward -looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Information

Please see our most recent earnings release to find disclosure and applicable reconciliations of non-GAAP financial measures discussed in this presentation.

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Who is Molson Coors Beverage Company?

5th	~100		42		15		Uniting People to
								OUR PURPOSE:
LARGEST	COUNTRIES		BREWERIES	+$$100M BRANDS*		Celebrate All Life's Moments
BEER
COMPANY
+84M		+17,000		First Choice for Our People,
WORLD
IN THE								OUR AMBITION:
	VOLUME (hL)**				EMPLOYEES		Our Consumers and Our Customers

* Brand families ** Annual figure for 2020

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Rich and Evolving History

Revitalization Plan Announced & Underway

Molson Coors

Molson Coors &

HEXO form

and SABMiller

Coors

Canadian JV,

form U.S. joint

pioneers

Coors Light

Miller

venture

Truss to develop

aluminum

Molson

2008

cannabis-infused

introduced

Genuine

Adolph

cans

beverages for

1978

Draft is

acquires

Coors

Canadian

introduced

Carling

Coors

MillerCoors

opens the

market

1985

O'Keefe to

acquires

Golden

Molson

merges

Miller Lite

become

craft beer

Brewery in

Canadian

with

introduced

Canada's

Saint Archer

Acquires

Colorado

introduced

Molson

nationally,

largest brewer

2015

California-based

Molson

John Molson

1873

1959

Molson

2005

creating the

1989

Clearly

opens

beers are

Coors

Coors

light beer

Kombucha;

introduced

announces

brewery in

segment in

SAB acquires

entry into

Banquet

to the U.K.

Revitalization

Montreal,

the U.S.

Miller Brewing

non-alcoholic

launched

1983

Plan

Canada

1975

Company

beverages

1937

2019

1786

2002

2018

	1903		1988	1991	2012			2018	2019
1855		2016	Expands
Frederick J.	Molson		Miller	Coors Light	Acquires	Acquires U.S.	cider	Equity
Miller takes	Export		acquires	available in	StarBev,	craft beers	portfolio	investment in
over the Plank	launched		Jacob	all 50 states	changes	Terrapin Beer Co,	with	LA Libations
Road Brewery				Leinenkugel	for the first	name to	Hop	acquisition	to develop
(Milwaukee				Brewing	time	Molson	Valley Brewing	of Asphall	non-alcoholic
Brewery still	Miller		Company			Coors	Company, and	Cyder	beverages
there today)	High Life	1970	1981			Central	Revolver Brewing	Limited
	introduced	1995	Europe
	Phillip	Coors Light
			Coors		Molson Coors
			Morris buys	"Silver
			launches
			Miller	Bullet"		acquires
			Blue Moon
			Brewing	advertising		remaining ownership
			Brewing
			Company	begins		stake of
			Co.
						the MillerCoors

JV from SABMiller

Molson Coors

announces strategic partnerships including La Colombe, an above premium RTD coffee and ZOA, a healthy energy drink

Announces JV with Yuengling

Acquires

Atwater Brewery

2020

2020

Corporate name change to Molson Coors Beverage Company

Expands hard seltzer business with U.S. launch of Vizzy and announces partnership with Coca-Cola and Topo Chico

Commences

distribution of La Colombe

Launches Topo

Chico Hard

Seltzer in U.S. in

initial markets

Launches ZOA

Launches Vizzy

and Coors Seltzer

in Canada

2021

2021

Launches Three

Fold and Wai Moment hard seltzers in Europe

Launches Yuengling brand through our JV in initial state of Texas

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Global Footprint

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*

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* Licensed brands in the US	5