Karat IPO Presentation Deck

COMPANY OVERVIEW Our goal is to be the single-source provider to our customers for all of their disposable foodservice products and related needs ($ in millions) $46 $60 $73 Strong Revenue Growth 26.2% CAGR $100 $122 26.2% 2012-2020 Revenue CAGR 150+ Suppliers $140 (1) EBITDA margin reflects non-GAAP financial measure. $175 2012 2013 2014 2015 2016 2017 2018 2019 2020 $225 $296 Key Stats Company Overview ▪ Karat is a rapidly-growing specialty distributor and select manufacturer of environmentally friendly disposable foodservice products and related items . We are a nimble supplier of a wide range of products for the foodservice industry, including food and take out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products . . Our Karat Earth® line provides environmentally friendly options to our customers, who are increasingly focused on sustainability We offer customized solutions to our customers, including new product development, design, printing and logistics services 86% of revenue is generated from the distribution of our vendors' products, with 14% of revenue from products we manufacture ▪ 6 Locations >50,000 Customers CONFIDENTIAL 12.2% 2020 EBITDA margin(¹) 99% Customer Retention Karat 6

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