East African Breweries Plc · NSEKE:EABL
East African Breweries — FY2026 Earnings Presentation
36 slides from East African Breweries's earnings presentation, August 2026
Slide 1: F26 FY Results
ner e2 — x ‘3 S eqn F26 FY RESULTS August 2026
Slide 2: Agenda
Ib __ Agenda Business Review Financial Review Diageo-Asahi Transaction Looking Ahead Q&A > ,
Slide 3: Macroeconomic indicators Kenya Uganda Tanzania
2025 A 2025 H2 7.5% 2026 F 6.8% 2026 H1 6.4% 5.9% 5.9% 4.6% 4.5% 4.5% 4.2% 3.6% 3.1% 3.4% Kenya Uganda Tanzania Kenya Uganda Tanzania 2025 H2 Dec-25 2026 H1 Jun-26 2.6% 12.4% 10.9% 8.6% 7.8% 0.4% 5.9% 5.0% 0.0% -0.2% -0.9% -1.9% Kenya Uganda Tanzania Kenya Uganda Tanzania
Slide 4: Dynamic operating environment
Dynamic operating environment Geopolitical Fiscal and tax reforms Illicit alcohol Political landscape . ope, instability Tax base expansion Illicit alcohol challenge Election cycles Supply chain disruptions Fiscal deficit reduction
Slide 5: Consumer behavior evolving
Consumer behavior evolving eabl! Constrained discretionary spend Value hunting Consumer under pressure Downtrading Interest in novelty and distinctive experiences
Slide 6: Our Strategy
Our Strategy eabl To create the best performing, most trusted and respected consumer products company in Africa Win in Mainstream Spirits Vibrant Explode Beer Premium Shape New Frontiers Aspirational and Accessible Innovations Digital Transformation Route to Reputation, s ly Footprint Efficient Grow
Slide 7: Our performance at a glance
Our performance at a glance eabl! Volume Net Sales 7 +13% 1+13% Kshs 146.0 bn PAT DPS : 7 +49% 1 +59% Kshs 18.2 bn Kshs 12.7
Slide 8: Continued growth momentum
Continued growth momentum eabl: NSV (KES bn), FY 124.1 TES 109.4 F22 F23 F24 F25 F26
Slide 9: Growth across all markets
Growth across all markets eabl: NSV Growth (% YoY) +16% 22% of total EABL 7 +5% 60% of total EABL +44% 18% of total EABL Group reported growth +13%
Slide 10: Vibrant beer
Vibrant beer eabl: Growth vs F25 T +9%
Slide 11: Explode premium
Explode premium eabl FROMTHE y Dagio @ MOUNTAINS» Growth vs F25 YOUR GLASS , REPOSADO NIGHTS, = y TUESDAY VIBES. T +9% y
Slide 12: Win in mainstream spirits
Win in mainstream spirits Growth vs F25 FLAVOUR ~ 1 +30% ae LEMON & GINGER: NISAWA SOUR cel SO LEMON, SO GINGER, SO UG, ‘SO LIMITLESS
Slide 13: Shape new frontiers
Shape new frontiers eabl: Growth vs F25 }+26% iionen wusema, 2 ) TAMER KIDS RES:
Slide 14: Exciting innovations propelling future growth
Exciting innovations propelling future growth eablé Explode Premium New frontiers
Slide 15: Excellent execution
Excellent execution Advantaged RTC Winning at the Point of Sale Building Emerging Channels ENJOY THE PERFECT POUR HOTEL SAPPHIRE | qwoy —Towen _/ FORIUST , ITA TEN
Slide 16: Making positive impact through spirit of progress
Making positive impact through spirit of progress eabl: Environmental (E) Social (S) Governance (G) Bis BREWERIES Water use and replenishment on track Positive drinking Recognized for excellence in tax and trade compliance
Slide 17: Continued investment in sports
Continued investment in sports eablé Football Rugby Golf BIDII KWA NYASI! ; BARIDIKWA Gt GLAS! = as. KENY! Milele ENYA Be Ly
Slide 18: Equip our people with the right capabilities and tools
Equip our people with the right capabilities and tools Talent Investment Building belonging through wellbeing & ERGs
Slide 19: Award winning organization
Award winning organization MSK Awards Regulatory and Corporate governance Other marketing awards - fine INTERNATIONAL DESIGN AWARDS i WINNER + 2026 7 Awards Best International Tourism promoter Communication design - Serengeti
Slide 20: Slide 20
Slide 21: Strong delivery across key metrics
Strong delivery across key metrics eabl! Net Sales EPS T413% 14+49% 14+59% FCF Total Debt 7+22Bn | -5.8Bn
Slide 22: Strong performance fuelled by top line growth and cost management
Strong performance fuelled by top line growth and cost management bn F26 F25 vs F25 Net Sales 146.0 128.8 +13% Cost of Sales (83.8) (74.7) +12% & Siri Gross Profit 62.2 54.1 +15% = ~nll Expenses (28.9) (29.2) 1% Fx (1.2) 03 489% EBIT 32.1 25.2 427% & Net Finance Cost (4.4) (5.9) 25% Ww Profit Before
Slide 23: FY26 currency movements KES vs UGX and TZS
FY26 P12: *KES/UGX -1.7% *KES/TZS -3.7% Depreciation of KES above against UGX & TZS is for the period June 2025 – June 2026; CWA rates
Slide 24: PBT bridge F25 to F26
7.0 os ——— 7 (Kes bn) Y Gross Profit Impact 8bn | PBT F25 Volume Price/Mix COGS Expenses FX Finance PBT F26 (sell, distr & Costs admin costs)
Slide 25: Central Bank Rate and interest rates
16 11.6% 11.8% 11.2% * Central Bank Rate (CBR) indicated for FY26 taking effect in FY27Q1 respectively after quarterly repricing
Slide 26: Strong balance sheet
Strong balance sheet Current Assets Current Liabi (45%) [Bl increase 1 (370) - to FY 25 Cash Stocks Debtors Income tax FY 26 FY 25 Creditors Debt FY 26 Non-Current Assets Non-Current Liabilities -15% 74 FY 25 PPE Right of use Intangibles Deferred FY 26 FY 25 Borrowings Deferred FY 26 income tax inco
Slide 27: Balance sheet ratios within target
Balance sheet ratios within target eabl: Net Debt / EBITDA EBITDA / Interest (Board Target: <1.5x) (Board Target: >4.0x) FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Current Ratio ROCE 115 119 36% (CMA Target: >1.0x) FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26
Slide 28: Cash flow movement
41.1 0.9 -4.3 -9.6 -6.6 -9.3 18.0 12.7 -6.5 -0.4 As at start Cash from Changes in Net Interest Paid Income tax paid Net cash used Dividend Debt & Foreign Cash and cash of year operations before Working Capital in investing Lease repayment exchange impact equivalents at working capital activities on
Slide 29: Prioritized capex spend
Prioritized capex spend eabl: — Capex % NSV (KES bn) GUINNESS F24 F25 F26
Slide 30: Diageo-Asahi Transaction
Diageo-Asahi Transaction
Slide 31: Announcement and approvals
Announcement Capital Markets Approval ▪ Deal Announcement ▪ Exemption approval received from: - The Capital Markets Authority of Kenya (CMA) - The Capital Markets and Securities Authority 17 Dec 2025 of Tanzania (CMSA) - The Capital Markets Authority of Uganda 15 May 2026 (CMA-U) Uganda Antitrust ap
Slide 32: Looking Ahead
Agenda Looking Ahead
Slide 33: Priorities
Priorities * Transition * Business performance * Consumer Centricity * Smart investments ° Productivity \ * Sustainability s\ & * People
Slide 34: Slide 34
Slide 35: Cautionary statement concerning forward-looking statements
Cautionary statement concerning forward-looking statements This document contains ‘forward-looking’ statements. These statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looking statements include all statements that express fo
Slide 36: EABL Celebrating Life
eabl: CELEBRATING LIFE
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