Slide 1: F25 FY Results
ner vee — x ‘3 S eqn F25 FY RESULTS July 2025
Slide 2: Agenda
Agenda y Business Review oo > <a Financial Review Donfjulio SS wthe Looking Ahead © BiKico Q&A ——
Slide 3: Macroeconomic indicators: Kenya, Uganda, Tanzania
2024 A 2024 H1 2025 F 2024 H2 6.1% 6.1% 6.0% 2025 H1 5.6% 5.5% 5.0% 4.5% 3.6% 3.7% 3.4% 3.3% 3.7% 3.1% 3.1% 3.2% Kenya Uganda Tanzania Kenya Uganda Tanzania 2024 H1 Jun-24 2024 H2 17.2% 17.2% Dec-24 2025 H1 Jun-25 16.7% 11.5% 10.4% 13.0% 12.8% 10.0% 8.5% 8.3% 8.5% 3.0% 4.0% 6.6% 1.9% -1.3% -2.9% Ken
Slide 4: Volatile operating environment
Volatile operating environment eabl: External shocks Illicit alcohol
Slide 5: Evolving consumer behavior
Evolving consumer behavior eabl: Value hunting Rising affluence Exploration Wellness-conscious an . Premiumization, affluence co-existing Desire to try new offerings and . Shrinking disposable income | Moderation, Zero Alc with austerity experiences
Slide 6: Our Strategy
Our Strategy Vibrant Beer eabl To create the best performing, most trusted and respected consumer products company in East Africa Explode Premium Win in Mainstream Spirits Aspirational and Accessible Innovations Digital Transformation Shape New Frontiers Route to Consumer Reputation, Spirit of Progr
Slide 7: Our performance at a glance
Our performance at a glance eabl: Volume Net Sales 7 +2% | +4% PAT DPS (KES) 7 8.00
Slide 8: Continued growth momentum
Continued growth momentum eabl NSV (KES bn), FY +8% 128.8 FI9 F20 F21 F22 F23 F24 F25
Slide 9: Growth across all markets
Growth across all markets eabl: NSV Growth (% YoY) +8% 22% of total EABL 7 +4% 63% of total EABL +20% 15% of total EABL Group organic growth +10%
Slide 10: Vibrant beer
Vibrant beer WE MAKE IT LIGHT ON ALC Growth vs F24 4 AS) FULL ON FLAVOUR T +4% YOU MAKE IT
Slide 11: Explode premium
Explode premium eabl! SAVOUR Growth vs F24 T +10% 19 as Donjulio 1942
Slide 12: Win in mainstream spirits
Win in mainstream spirits eabl: Growth vs F24 | -6% FLAVOUR ores LEMON & GINGER NISAWA SOUR
Slide 13: Shape new frontiers
Shape new frontiers eabl! eee Tis Growth vs F24 The spot. 1 +44% a
Slide 14: Exciting innovations propelling future growth
Exciting innovations propelling future growth eabl! Explode Premium New frontiers Win in Mainstream WE. DO WE i "FLAVOUR SINCE 1864 7 i LEMON & GINGER NISAWASOUR
Slide 15: Leading digital transformation
Leading digital transformation eabl: B2B B2C THE —BAR
Slide 16: Advantaged RTC, Winning at the Point of Sale, New Spaces
Advantaged RTC Winning at the Point of Sale New Spaces EPIC LIVE FOOTBALL CRAFTED DAY ToGo 000 ws
Slide 17: Making positive impact through spirit of progress
Making positive impact through spirit of progress Environmental (E) Social (S) Governance (G) Collective Action Partnerships to conserve the environment Entrenching digital marketing skills to youths living with disabilities Good Governance Award - Platinum Award to UBL
Slide 18: Continued investments in sports
Continued investments sports eabl: Football Rugby Golf
Slide 19: People first organization
People first organization eabl: Talent Capabilities Culture IGNITING COMMERCIAL EXCELLENCE SPEAK ERGs Care giver leave
Slide 20: Award-winning brands and organization
Award-winning brands and organization Strongest brand in Kenya! Digital and marketing awards * NEMA-UG * Road safety champion of the year - KE * IPRA awards - Mtama ni Mali program * Tusker strongest brand in Kenya * Gold winner, E-commerce awards - TheBar.Ke * Monde selection - Gold * Marketing Soc
Slide 21: Financial Review
Slide 22: Net Sales, PAT, FCF, Total Debt
Net Sales PAT 744% — [412% FCF Total Debt } +17Bn | -9Bn
Slide 23: Double digit profit growth
Double digit profit growth Net Sales 128.8 124.1 +4% Cost of Sales (74.7) (70.5) +6% Gross Profit 54.1 53.6 +H% A Expenses (29.2) (24.8) +18% Fx 0.3 (3.9) 108% V EBIT 25.2 24.9 +H% - Net Finance Cost (5.9) (8.1) 28% VW Profit Before Tax 19.3 16.8 +15% - Income Tax (7.1) (5.9) +21I% Ww Profit After T
Slide 24: Currency movements FY25
FY25 P12: * KES/UGX +6.8% * KES/TZS +15.7% Appreciation of KES above is for the period June 2024 – June 2025; Cumulative weighted average [CWA] rates
Slide 25: Price/Mix cushioning impact of inflation
Price/ Mix cushioning impact of inflation eabl: 21 2.2 (Kes bn) GP F24 Volume Price/Mix Cost Other GP F25
Slide 26: Expenses driven by one-off costs
Expenses driven by one-off costs eablé +18% t +4% 3.2 29.2 34 Underlying Expenses F24 S&D costs Admin. Exp. Other exp. (excl fx) Expenses F25 One-offs expenses F25
Slide 27: FX movement bridge
+4.2bn 0.3 0.6 -0.2 3.8 -3.9 F24 P12 KE UG TZ F25 P12
Slide 28: Total Debt and effective cost of debt
Total Debt —®— Effective cost of debt 59bn GUINNESS o_ Ww 7 F23 FY F24 FY F25 FY “a \/
Slide 29: Strong balance sheet
Strong balance sheet eabl! Current Assets FY24 Cash Stocks Debtors. Income tax FY 25 FY24 Creditors Bank Debt Dividend FY 25 OD Non-Current Assets Non-Current Liabilities S14 FY 24 Capex Depreciation Currency Other FY 25 FY 24 Borrowings Deferred Investment Translation movements income tax
Slide 30: Balance sheet ratios within target
Balance sheet ratios within target Net Debt / EBITDA 16 (Board Target: <1.5x) FY22 FY23 FY24 FY25 EBITDA / Interest (Board Target: >4.0x) FY22 FY23 FY24 FY25 Current Ratio 1.15 (CMA Target: >1.0x) FY22 FY23 FY24 FY25 ROCE FY22 FY23 FY24 FY25
Slide 31: Cash flow bridge
36.1 -0.4 -5.9 -6.0 -6.5 -6.8 12.7 10.8 -8.8 0.3 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 exchange impact equivalents at working capital activities on translation end of
Slide 32: -0.8bn F23 F24
-0.8bn (-11%) 12% 6% 5% F23 F24 F25
Slide 33: Introducing innovations...
Introducing innovations...
Slide 34: Discover bright tasting whisky
DISCOVER 1 BRIGHT TASTING WHISKY
Slide 35: Agenda: Looking Ahead
Agenda Looking Ahead
Slide 36: F26 Priorities
F26 Priorities * Consumer * Smart investments * Productivity * Spirit of progress * People
Slide 37: Q&A
Slide 38: 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 39: EABL - Celebrating Life
eabl: CELEBRATING LIFE