Investor Presentation NOVEMBER 2025 Forward-Looking Statements Historical financial and operating data in this presentation reflect the consolidated results of WD-40 Company and its subsidiaries (collectively, the "Company"). The Company markets maintenance products ("MP") under the WD-40®, 3-IN-ONE® and GT85® brand names. The WD-40 brand portfolio also includes the WD-40® Multi-Use Product, the WD-40 Specialist® and WD-40 BIKE® product lines. The Company markets the homecare and cleaning products ("HCCP") ...

Group 1: Company Overview - Berkshire Hathaway has a significant $281 billion equities portfolio, with Coca-Cola being a dominant investment, holding 400 million shares valued at $29 billion, representing 10% of Berkshire's portfolio [1][4] - Coca-Cola has a strong dividend history, having increased its dividend for 63 consecutive years, yielding 2.86%, which generates $816 million in annualized income for Berkshire [4][5] Group 2: Financial Performance - Coca-Cola's total dividend expenditure for fiscal 2024 was $8.4 billion, supported by a net profit margin averaging 23% over the past three years, indicating robust profitability [5] - In the first quarter, Coca-Cola experienced a 2% increase in volume, with pricing and mix contributing a positive 5% impact, showcasing its pricing power and brand loyalty [9] Group 3: Market Position and Stability - Coca-Cola maintains a sustainable competitive advantage with over 200 drink brands globally, achieving unmatched visibility and consumer loyalty [7][8] - The company has historically shown resilience during economic downturns, with stable demand even during the Great Recession, where revenue dipped slightly in 2009 but rebounded afterward [10] Group 4: Investment Considerations - While Coca-Cola offers steady income for dividend investors, it is not expected to provide significant capital appreciation, with a stock price increase of only 75% over the past decade due to its mature industry status [12] - The current economic environment presents challenges, but Coca-Cola is perceived as a safe stock, with shares up 15% in 2025 (as of June 4), excluding dividends [6][10]