Ambev Sa · BMFBOVESPA:ABEV3

Ambev Sa — Q1 2019 Earnings Presentation

5 slides from Ambev Sa's earnings presentation, May 7, 2019

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

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

2. Slide 2: aie 017, tats. tae

   aie 017, tats. tae

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

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

4. Slide 4: qoie 1017, ta1s a1

   qoie 1017, ta1s a1

5. Slide 5: Ambev Reports 2019 First Quarter Results Under IFRS

   AMBEV REPORTS 2019 FIRST QUARTER RESULTS UNDER IFRS

Ambev — Q1 2019 Earnings Presentation on 6ix