INVESTOR PRESENTATION Fourth Quarter 2025 2 QUARTERLY AND FULL-YEAR HIGHLIGHTS February 2026 FORWARD LOOKING STATEMENTS AND NON-GAAP DISCLAIMER This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the ability of the whiskey inventories of MGP Ingredients, Inc. (the "Company" or "MGP") to provide optionality and upside; ability of the Company to support and meet liquidity needs an ...

Group 1 - MGP reported revenue of $145.49 million for the quarter ended June 2025, a decrease of 23.8% year-over-year, with EPS at $0.97 compared to $1.71 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $137.79 million by 5.59%, while the EPS surprised by 51.56% against the consensus estimate of $0.64 [1] - MGP's stock has returned -10.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of 2.7%, and currently holds a Zacks Rank 3 (Hold) [3] Group 2 - Sales in Branded Spirits were reported at $60.52 million, below the estimated $63.57 million, reflecting a year-over-year decline of 5.5% [4] - Ingredient Solutions sales reached $34.97 million, surpassing the average estimate of $33.56 million, marking a year-over-year increase of 4.8% [4] - Sales in Distilling Solutions were $50 million, significantly higher than the estimated $40.68 million, but this represents a substantial decline of 46.5% compared to the previous year [4]

Core Insights - MGP reported a revenue of $121.65 million for the quarter ended March 2025, reflecting a 28.7% decline year-over-year, with EPS at $0.36 compared to $1.07 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $113.26 million by 7.41%, while the EPS surpassed the consensus estimate of $0.31 by 16.13% [1] Financial Performance - MGP's branded spirits sales were $48.23 million, slightly below the estimated $48.51 million, marking a year-over-year decrease of 3.8% [4] - Ingredient solutions sales reached $26.48 million, exceeding the estimated $26.11 million, but showing a significant decline of 25.5% compared to the previous year [4] - Distilling solutions sales were reported at $46.94 million, surpassing the average estimate of $38.64 million, yet reflecting a substantial year-over-year drop of 44.7% [4] Market Performance - Over the past month, MGP shares have returned 4.2%, contrasting with a 0.7% decline in the Zacks S&P 500 composite [3] - MGP currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]