C H I V A SSCOTCH GROWTH

FY18 FY19 H1 FY20

+4% +7% +4%

CONTINUED STRONG PERFORMANCE FOR SCOTCHStrong performance of Strategic International Scotch brands, Ballantine’s (+5%), Royal Salute (+17%) and The Glenlivet (+15%)

Chivas resilient (-2%) despite a challenging economic environment.

Total organic Net Sales at +4%

Strong H1 FY20 for Chivas Brothers Ultra Premium and Prestiage brands posting +7% and +14% respectively

Innovation is driving 58% of total Chivas Brothers growth. Key drivers are The Glenlivet 14 (27%), Ballantine’s 23YO (18%), Rare Malts (+14%), Royal Salute Polo (14%), Chivas XV (7%)

OUR SUSTAINABILITY COMMITMENTS FOR SCOTCH

UPCOMING

FY18 +5% | FY19 +5% | H1 FY20 -2%

FY18 +5% | FY19 +9% | H1 FY20 +15%

FY18 +5% | FY19 +7% | H1 FY20 +5%

FY18 -2% | FY19 +16% | H1 FY20 +17%

Launching our new sustainability strategy -Good Times From A Good Place, by 2030 we aim to:

Data refers to organic growth (at constant FX and Group structure)

CHIVAS

THE GLENLIVET

Market Growth: Growing in 76 markets.Innovation: Chivas Mizunara 18 launched exclusively in Japan.Chivas Ultis Treble 1999 Edition launched in H1. We hand-selected three of our most precious signature single malts—one for each of Manchester United’s wins—to create a standout blend.

Market Growth: Growing in 75 markets.Innovation: Innovation accounts for 39% of value growth. Founder’s Reserve +9% continues recruiting consumers in North America.

BALLANTINE’S

ROYAL SALUTE

Market Growth: Growing in 80 markets.Innovation: Innovation is responsible for over half of growth (52%)Ballantine’s True Music X Boiler Room partnership has delivered over 40 million views across five events (including South Africa, Ukraine, and Kenya)

Market Growth: Growing in 51 markets. Strong Momentum driven by innovation in GTR & growth in key markets in Asia.Innovation: Innovation driving growth (54%). Successful Launch of two new 21YO (Lost & Blended Malt) Launch of 21 YO Snow Polo Edition and continued activation of the World Polo Platform with sponsorship of the St Regis World Snow Polo Championship in Aspen.

STRONG GROWTH DRIVEN BY UPPER PART OF OUR PORTFOLIO

USA+17%

EUROPE+6%

ASIA PACIFIC+2%

AFRICA+2%LATIN AMERICA

+4%

GTR-2%

Reduce our carbon emissions by 50% while increasing our positive impact on the environment

Impact over six million lives within communities at home and overseas

• No. 1 selling bottle, Ballantine’s Finest, turning its bottle sustainable within next 2x years

• Sustainable alternative to Royal Salute Ceramic Flagons by 2025

• The Glenlivet’s Farmers’ Programme for Sustainable Agriculture & Innovation

• Aberlour River Spey Biodiversity Project

• Extending annual $1 million Chivas Venture commitment

• $10m invested in social enterprises by 2024

• Ambition to triple the number of lives positively impacted by 2030

• Now running in 26 countries• This year supporting vital sectors

including health, housing, education and social isolation

• 1st carbon neutral distillery within two years• 100% eco-friendly ‘point of sale’ ranges• Every packaging component to be 100% sustainably sourced by 2022• Sustainable events rolled out around the world• Reduced greenhouse gasses & emissions by a third in last 10 years, will

reduce by 20% within the next two years