PRELIMINARY RESULTS YEAR ENDED 31 ST DECEMBER 2015 Charles Rolls – Co-founder and Executive Deputy Chairman Tim Warrillow – Co-founder and CEO Andrew Branchflower – Finance Director

2015 HIGHLIGHTS Momentum continued from 2014, exceptional growth in 2015 £mFY15FY14Growth Revenue % Gross profit % Gross margin 52.1%50.9% EBITDA* % EBITDA* margin 30.7%28.9% Continuing to deliver to strategy Strong growth across the regions Improved margins in spite of net forex headwinds No notable change in competitive landscape Robust balance sheet with net cash of £11.6m at year end Final dividend of 2.30 pence per share giving total dividend for 2015 of 3.08 pence per share Net revenue and growth by region – FY 15 * Pre exceptional items in FY 14 Growth 84% Growth 65% Growth 66% Growth 50%

REGIONAL REVIEW Regional review (i) 35% of total revenue generated in UK Growth of 84% Strong underlying rate of sale growth in the Off-Trade plus distribution gains via increased shelf space and additional stores at our principal retail customers plus listings at new chains in year 150ml can has performed well since introduction in H2 15, adding incremental revenue Strong growth in the On-Trade where ~60% of revenue is generated, complemented by increased investment in sales team UK 23% of total revenue generated in USA Growth of 65%, aided by strong USD; like for like growth of 53% Continued strong Ginger Beer growth of 75%, Tonic flavours also growing well at over 70% Significant distribution gains at retail during 2015 whilst on-trade growth remained strong USA

REGIONAL REVIEW Regional review (ii) 38% of total revenue generated in Continental Europe Growth of 66% across region despite weakening Euro; 82% growth on a like for like basis Continued impressive sales growth in Western Europe driven by the premium gin and tonic trend gaining momentum across the region Drive to increase off-trade penetration resulted in a number of significant retail listings across the region, driving a step change in distribution in 2015 Continental Europe 5% of total revenue generated in RoW region across over 26 territories Growth of 50% Key territories remain Australia, Canada and Colombia with a large number of territories where the brand has been seeded and have potential for growth in the long term RoW

FINANCIAL REVIEW Income statement (i) – Overview Revenue of £59.3m  Growth of 71% on FY15 Gross profit margin of 52.1%  Vs 50.9% in FY14 EBITDA of £18.2m at a margin of 30.7%  Vs 28.9% in FY14 £mFY 15FY 14Growth Revenue % Gross profit % Gross margin52.1%50.9% EBITDA* % EBITDA margin30.7%28.9% * Pre-exceptional items in FY14 Net revenue split by region – FY 15 UK 35% USA 23% Europe 38% RoW 5%

FINANCIAL REVIEW Income statement (ii) –Forex : like for like analysis * Pre-exceptional items in FY14 £m Reported FY15FY14Growth Like-for-Like FY15Growth Revenue %60.474% Gross profit %32.182% Gross margin52.1%50.9%53.2% EBITDA* %19.193% EBITDA margin30.7%28.9%31.7% Revenue of £59.3m  FX impact as Euro has weakened by 10% and Dollar has strengthened by 8% vs FY 14  On a like for like basis additional £1.1m of revenue would have been generated, growth of 74% Gross profit margin of 52.1%  On a like for like basis, FY15 GP% is 53.2%, improvement due to product cost and logistics efficiencies EBITDA of £18.2m at a margin of 30.7%  On a constant currency basis, underlying operating expenses are 21.5% of revenue in FY15 (FY14: 22.0%)  On a like-for-like basis EBITDA margin in FY15 is 31.7%

FINANCIAL REVIEW Income statement (iii) – Other costs * Pre-exceptional items in FY 14 Exceptional costs  FY14 costs were IPO-related fees Finance expenses  FY14 include £5.1m relating to the investor loan notes which are non- recurring post IPO  Bank debt refinanced in Jan16 resulting in reduced finance expense going forward Tax  Reverts to statutory levels from 2015 EPS and dividend  Normalised EPS of pence in FY15, growth of 87% on FY 14  Final dividend of 2.30 pence per share, total dividend is 3.08 pence per share for FY15 £m Reported FY15FY14 EBITDA* Depreciation (0.1)<(0.1) Amortisation (0.7) LTIP charges <(0.1) Exceptional costs -(1.1) Operating profit Finance expenses (0.5)(5.6) Profit before Tax Tax (3.4)(1.2) Profit after Tax Normalised EPS (pence)

FINANCIAL REVIEW Cash flow * Pre-exceptional items in FY14 Operating Cash flow  Working capital profile at year end consistent year on year, slight improvement to 23% of LTM revenue in FY15 (FY14: 24%) £m Reported FY15FY14 EBITDA* Working Capital mvmt (5.3)(2.7) Operating Cash flow Conversion71%73% Tax(2.5)(1.3) Capital expenditure(0.4)(0.3) Bank loan interest and repayment (0.7) Dividends paid(1.2)- On-going Cash flow Exceptional costs-(1.1) Loan note interest-(1.1) IPO primary raise-4.0 Other investing activities-(50.0) Other financing activities-49.4 Net Cash flow On-going cash flow  Sub-heading included here to strip out the on-going cash flows from those in the prior period relating to exceptional costs and the pre-IPO structure £m Reported FY15FY14 Working capital Revenue Working capital %23%24%

FINANCIAL REVIEW Balance sheet – net assets Net cash of £11.6m  Cash of £17.6m offset by £6.1m of gross debt £mFY15FY14 PPE Intangibles Stock Receivables Derivatives(0.3)<0.1 Cash Creditors and provisions (9.3)(4.3) Corporation tax(1.6)(0.7) Gross debt(6.1)(6.3) Deferred tax(2.6)(2.7) Net Assets

STRATEGIC CONSIDERATIONS FOR 2016 Deepening distribution Increased marketing support On-going review of international distribution partners Strengthening distribution in existing markets and expanding into new markets Global premiumisation trend Drinks trends; Mixability Capitalising on market trends 150ml can launch in UK in FY15 Naturally light portfolio Packaging refresh New flavours New product development Additional UK bottling capacity Actively reviewing international bottling opportunities and logistics solutions Increased senior resource Outsourced business model

SUMMARY & OUTLOOK Strong 2015 performance driven by continued implementation of core strategy Record revenue & EBITDA underpinned by robust, improving margins Momentum in all four main regions Significant growth opportunities remain in both On & Off Trade Board confident of outlook for 2016 and beyond

APPENDIX Introduction Key strengths

INTRODUCTION TO FEVER-TREE Launched by Charles Rolls and Tim Warrillow in 2005 Simple premise:  A significant and long term growth in premium spirits  Not matched by any premium offering in mixers category  Fever-Tree was launched at ideal moment to provide a quality mixer range to fill the vacuum The world’s leading premium mixer brand with 135 million bottles sold in 2015 Now in over 55 countries worldwide, with 65% of sales overseas “No brand commands its category like Fever-Tree. Its grip on the world’s best bars has only tightened since last year” Drinks International 2016 Brands Report

KEY STRENGTHS First mover advantage Leading premium mixer brand around the world Market leading brand with international reach Ingredients, taste, packaging and story Acclaimed product proposition Clearly differentiated premium product Scalable outsourced business model Strong founder-led management team Proven business model and management team Global mixer market in early stages of premiumisation Potential addressable market of approx £1.6bn RSV (EY, 2014) Significant growth opportunities Higher cash and % margin for the trade and spirits partners Growth underpinned by strong margins throughout value chain