Ambev Sa · BMFBOVESPA:ABEV3

Ambev Sa — Q2 2018 Earnings Presentation

5 slides from Ambev Sa's earnings presentation, Jul 26, 2018

1. Slide 1: Net revenue per hectoliter (R$)

   Net revenue per hectoliter (R$) COGS per hectoliter (R$)

2. Slide 2: 2909 erg AO

   2909 erg AO 261.4 21s MNT NB

3. Slide 3: Normalized EBITDA (R$ million)

   Normalized EBITDA (R$ million) Normalized EBITDA Margin (%)

4. Slide 4: 2a1s ate (207

   4923.3 4,208.6 3 943.5 2a1s ate (207 4,534.0 2018

5. Slide 5: Ambev Reports 2018 First Quarter Results Under IFRS

   AMBEV REPORTS 2018 FIRST QUARTER RESULTS UNDER IFRS

Ambev — Q2 2018 Earnings Presentation on 6ix