Associated Alcohols & Breweries Ltd.

12%

Bottling Lines 12.5 Mn Cases capacity 6 proprietary brands Financial Snapshot Return Ratios 12% ROCE Zero Net Debt 5-year Revenue CAGR: 17% 5-year Net Profit CAGR: 11% CARE Credit Rating

17%

rietary brands Financial Snapshot Return Ratios 12% ROCE Zero Net Debt 5-year Revenue CAGR: 17% 5-year Net Profit CAGR: 11% CARE Credit Rating A/A1 Strategic Snapshot Long standing strat

11%

hot Return Ratios 12% ROCE Zero Net Debt 5-year Revenue CAGR: 17% 5-year Net Profit CAGR: 11% CARE Credit Rating A/A1 Strategic Snapshot Long standing strategic relationship with Diageo

58%

ietary Brand Reach Ongoing Capex of 40 MLPA Ethanol plant 2 Business Segments B2B Business (58% of Revenue*) Merchant ENA 16% By Products 7% Contract Manufacturing 2% IMIL 33% B2C Business (

16%

apex of 40 MLPA Ethanol plant 2 Business Segments B2B Business (58% of Revenue*) Merchant ENA 16% By Products 7% Contract Manufacturing 2% IMIL 33% B2C Business (42% of Revenue*) IMFL (Proprie

7%

Ethanol plant 2 Business Segments B2B Business (58% of Revenue*) Merchant ENA 16% By Products 7% Contract Manufacturing 2% IMIL 33% B2C Business (42% of Revenue*) IMFL (Proprietary Brands) 15%

2%

Segments B2B Business (58% of Revenue*) Merchant ENA 16% By Products 7% Contract Manufacturing 2% IMIL 33% B2C Business (42% of Revenue*) IMFL (Proprietary Brands) 15% Licensed Brands 27% Net

33%

B2B Business (58% of Revenue*) Merchant ENA 16% By Products 7% Contract Manufacturing 2% IMIL 33% B2C Business (42% of Revenue*) IMFL (Proprietary Brands) 15% Licensed Brands 27% Net Revenue F

42%

of Revenue*) Merchant ENA 16% By Products 7% Contract Manufacturing 2% IMIL 33% B2C Business (42% of Revenue*) IMFL (Proprietary Brands) 15% Licensed Brands 27% Net Revenue From Operations (IN

15%

7% Contract Manufacturing 2% IMIL 33% B2C Business (42% of Revenue*) IMFL (Proprietary Brands) 15% Licensed Brands 27% Net Revenue From Operations (INR Mn) 5,226 5,126 4,358 7,008 FY20 FY2

27%

uring 2% IMIL 33% B2C Business (42% of Revenue*) IMFL (Proprietary Brands) 15% Licensed Brands 27% Net Revenue From Operations (INR Mn) 5,226 5,126 4,358 7,008 FY20 FY21 FY22 FY23 * As of

60%

flexibility from one grain type to another resulting in higher yields Co-generation power plant 60% of power coming from captive sources and expanding to further 100% Strategic Location 125 acres l

“AABL is in a significant expansion phase and will be funding this expansion primarily through internal accruals; still considering this fact, the Board of Directors has recommended a dividend of INR 1 per share (FV of INR 10/share).”

Registered I Corporate Office

1

CAGR

1

Profit CAGR

1

Valorem Advisors Disclaimer

1

Registered I Corporate Office

4th Floor, BPK Star Tower, A.B. Road, I ndore - 452 008, (M.P.) India Contact No. +91 731 4780400/490 Fax : +91 731 4780410 E-mail : info@aabl.in CIN : L15520MP1989PLC049380 09th May, 2023 To, The Department of Corporate Services BSE Limited PJ Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 507526 To, The Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, G Block Bandra Kurla Complex, Mumbai – 400 051 NSE Symbol: ASALCBR Sub: Earnings Presentation Q4 (quarter and year ended 31st March, 2023) FY 2022-23 Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find attached herewith Earnings Presentation for the quarter and year ended 31st March, 2023 The aforesaid presentation is also available on the website of the company www.associatedalcohols.com This is for your information and record. Thanking You Yours Faithfully, For Associated Alcohols & Breweries Limited Sumit Jaitely Com

Profit CAGR

11% CARE Credit Rating A/A1 Strategic Snapshot Long standing strategic relationship with Diageo - USL Diversified Product Portfolio Expanding Proprietary Brand Reach Ongoing Capex of 40 MLPA Ethanol plant 2 Business Segments B2B Business (58% of Revenue*) Merchant ENA 16% By Products 7% Contract Manufacturing 2% IMIL 33% B2C Business (42% of Revenue*) IMFL (Proprietary Brands) 15% Licensed Brands 27% Net Revenue From Operations (INR Mn) 5,226 5,126 4,358 7,008 FY20 FY21 FY22 FY23 * As of FY23 3 Products and Brands Proprietary Brands James McGill Whisky Central Province Whisky Jamaican Magic Rum Bombay Special Series Superman Series Titanium Triple Distilled Vodka Apple & Orange Titanium Triple Distilled Vodka Licensed brands/ franchised brands Contract Manufacturing Bagpiper Deluxe Whisky Blue Riband Gin Flavored White Mischief Director’s Special Gold Whisky McDowell’s No. 1 Rum Black Dog Whiskey VAT 69 Whiskey Smirnoff Vodka Black & White Whiskey Mc Dowell’s No. 1 Rum Royal Challenge

Valorem Advisors Disclaimer

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further information please contact our Investor Relations Representatives: Valorem Advisors Mr. Anuj Sonpal, CEO Tel: +91-22-49039500 Email: aabl@va