Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi : 1Q2026 Investor Presentation

About this update from Anadolu Efes Biracilik Ve Malt Sanayii A.s.

1Q2026 INVESTOR PRESENTATION IMPORTANT DISCLAIMER REGARDING TAS29 As stipulated by the decree of the Capital Markets Board, the financial statements for 1Q2026 have been presented in accordance with TAS29 (Turkish Accounting Standard 29: Financial Reporting in Hyperinflationary Economies), and retrospective adjustments have been made for prior periods in alignment with the same standard. In this presentation, certain financial items and metrics may be presented without inflation adjustment in order to ensure comparability with previous quarters and to facilitate analysis of our performance. It is important to note that the financials presented without the impact of TAS 29 are unaudited. Unless explicitly stated otherwise, all financial information disclosed in this presentation are presented in accordance with TAS 29. 2 FORWARD-LOOKING STATEMENTS This presentation may contain certain forward-looking statements concerning our future performance and should be considered as good faith estimates made by the Company. These forward-looking statements reflect management expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact the Company's actual performance. 3 WHO WE ARE 4 1950 Founded 6 Million m 2 Production and sales-distribution area ~100 Production facilities 8 Sectors Beer, Soft Drink, Retail, Agriculture, Automotive, Stationary, Energy and Healthcare +100.000 Employees 100+ Export countries 6 Companies listed on Borsa Istanbul TL 707 bn Revenue in FY2025 TL 69 bn EBITDA in FY2025 5 ANADOLU EFES: A LEADING BREWER & BOTTLER WORLDWIDE 10 1 Breweries in 5 1 Countries 36 Soft Drink Facilities in 12 Countries Europe's 5 th World's 10 th Largest Brewer 2 One of the largest Coca-Cola Bottler 43% Anadolu Group 24% AB InBev 33% Publicly Traded 6 1 On December 30, 2024, it was announced that, pursuant to a Presidential Decree of the Russian Federation, temporary external management had been appointed to Anadolu Efes' beer operations in Russia. Although the Russian operations formally remained under Anadolu Efes as of January 1, 2025, it was excluded from the scope of consolidation in the financial statements in accordance with TFRS 10. Anadolu Efes' operations in Russia, which are monitored as a financial investment, include 11 breweries, 3 malteries, and 1 preform plant 2 Barth Report 2024-2025, information has been provided based on the 2024 YE results. OWNERSHIP STRUCTURE & SUBSIDIARIES 43% 24% 33% Free Float 50.3% 20.1% 29.6% Free Float & Other BEER OPERATIONS 1 SOFT DRINK OPERATIONS Türkiye Kazakhstan Moldova Georgia Ukraine Türkiye Kazakhstan Jordan Iraq Syria Tajikistan Azerbaijan Kyrgyzstan Pakistan Uzbekistan Turkmenistan Bangladesh 7 1 On December 30, 2024, it was announced that, pursuant to a Presidential Decree of the Russian Federation, temporary external management had been appointed to Anadolu Efes' beer operations in Russia. Although the Russian operations formally remained under Anadolu Efes as of January 1, 2025, it was excluded from the scope of consolidation in the financial statements in accordance with TFRS 10 ANADOLU EFES BEER GROUP: BREWING QUALITY ACROSS 5 1 COUNTRIES Operations in 5 1 countries 90+ brands Exports to ~70 countries 10 breweries 2 malteries 1 hop processing facility 8.000+ employees 200+ distributors 13.0mhl sales volume $1.3bn net sales revenue Operations in Türkiye, Moldova, Kazakhstan, Georgia, Ukraine 1 On December 30, 2024, it was announced that, pursuant to a Presidential Decree of the Russian Federation, temporary external management had been appointed to Anadolu Efes' beer operations in Russia. Although the Russian operations formally remained under Anadolu Efes as of January 1, 2025, it was excluded from the scope of consolidation in the financial statements in accordance with TFRS 8 10. Anadolu Efes' operations in Russia, which are monitored as a financial investment, include 11 breweries, 3 malteries, and 1 preform plant 2 The figures presented are based on December 2025. THE 10 th LARGEST BREWER IN THE WORLD Our journey, which started in Turkiye in 1969 with the dreams of two entrepreneurs, continues today as the 10 th largest brewer in the world and the 5 th largest in Europe. With our pioneering and innovative approach to brewing, which we bring to the world, we generate more than two-thirds of our sales revenue from international markets. Partnerships with global brands 9 KEY PILLARS OF OUR SUCCESS Strong Local Brands With High Consumer Loyalty Strategic Global Partnerships (AB InBev, Molson Coors, WG&S) Diverse Beer Portfolio Across All Segments Disciplined Financial Management Strong Market Positions Across All Operations Strong Distribution Network And Export Expansion Robust Sustainability Programs Highly Engaged Employees 10 VISION AND STRATEGIC ROADMAP Our vision is to be the fastest growing beverage company with most loved brands that craft joy for consumers while enriching communities. Our purpose is to bring consumers, customers and our ecosystem together around our best quality products with joy and responsibility. We aim to foster a progressive community while honoring social life, striving for sustainability and cherishing a workplace where our people bring their best and feel dedication. Our values guide reflects how we, as a company, embody our shared principles in every decision we make and action we take each day. We are Passionate in all we do We are Agile in the face of change We are Collaborative to grow together We are Accountable of what we do. We are Fair in all our decision & actions 11 WHAT WE DO 12 STRATEGIC CORE PRIORITIES PEOPLE Recruit the best talent via strong employer branding Re/Upskill capabilities in digitalization & leadership areas Retain the best talent via structural career growth & inclusive company culture CONSUMERS Grow with a consumer-centric brand portfolio fueled by superior E2E insights and foresights Maintain strengths of our core brands in operating countries Lead the premium segment with smart innovations supporting responsible consumption CUSTOMERS Ensure profitable revenue growth together with our customers Strengthen our ecosystem by supporting our partners' digital transformation Drive seamless omni-channel customer experience and excel in field execution EFFICIENT & PROFITABLE Maintain quality-first mindset Optimize & digitalize E2E supply chain to ensure cost-efficiency and operational excellence Continuous growth via proactive risk management GEOGRAPHICAL & CATEGORY EXPANSION Expand into potential markets within the beer category through partnerships, acquisitions, and organic growth Grow in adjacent categories by expanding geographically and developing new partnerships SUSTAINABILITY Reduce our environmental impact across operations and the value chain Increase our social impact through community initiatives Continue strengthening through equality,inclusivity, and diversity DIGITALIZATION Drive digital transformation across all business areas to enhance efficiency Democratize data and expand data-driven business analytics Gain AI-powered, multi-directional mobility capabilities STAKEHOLDER & SHAREHOLDER VALUE Maximize long-term shareholder value through efficiency and growth Ensure business continuity through integrated risk and opportunity management Corporate governance based on transparency, fairness, and accountability 13 KEY GROWTH STRATEGIES FOR BUILDING THE FUTURE GROW THE CORE EXPAND NEW BUSINESSES 14 WHERE WE ARE HEADING NEXT GROW THE CORE Improve premium leadership Revamp core brands Enhance PRGM Transform Supply Chain Accelerate Growth Through Digital Decarbonize Value Chain EXPAND Expand geographically NEW BUSINESSES Spread adjacent category expansions to all operations B2B/C Marketplace Invest in relevant start-ups 15 STRENGTHENING OUR FUTURE WITH FINANCIAL FOCUS CASH MANAGEMENT Ensure liquidity for operations and accelerate dividend streams Focus on FCF Maintain successful Working Capital levels DEBT MANAGEMENT Maintain long term sustainable leverage target of 1.0X - 2.0X Diversify debt structure and extend liquidity RISK MANAGEMENT Manage FX and commodity exposure Use Working Capital and receivable guarantee solutions Supplier base expansion and diversification EXPENSE MANAGEMENT Zero Based Budgeting Cautious and Smart Spending Culture 16 DRIVING GROWTH & VALUE THROUGH STRATEGIC CAPITAL ALLOCATION Invest in Maintain Brands, Innovation, Product Diversification, Market Development, Digitalization and Production Capacity Healthy balance sheet by keeping Net Debt / EBITDA btw 1.0x - 2.0x Maximize Shareholder value through dividends with high yield Expand Into new geographies through inorganic expansion & exports 17 OPERATIONAL OVERVIEW 18 LOW PER CAPITA CONSUMPTIONS HIGHLIGHT GROWTH POTENTIAL Czech Republic Romania 91 Germany 85 Bulgaria 85 Poland 80 142 Serbia 72 Russia 72 USA 61 Belarus 49 Canada 44 Ukraine 44 Greece 43 Georgia 37 Kazakhstan 29 China 29 Moldova 26 Türkiye 14 Uzbekistan 12 Azerbaijan 6 Efes Operations Source: Glaobal Data & Company Estimations 19 AEFES PERFORMANCE IN 1Q2026 Solid volume growth of 5%; led by soft drink & international beer Robust topline performance in AEFES; driven by volume growth and pricing EBITDA margin improvement in AEFES; supported by strong topline & disciplined OPEX spending Free Cash Flow improved y-o-y; across both segments Consolidated Net Debt to EBITDA(BNRI) of 1.3x An important step in Beer Group's localization strategy; Uzbekistan Anadolu Efes NET REVENUE TL62.4bn (+7.6%) EBITDA BNRI % 13.6% (+433bps) NET INCOME TL2,010mn (-TL248mn) FREE CASH FLOW TL -7,290mn (TL14,736mn) Beer Group TL9.4bn (-8.4%) -8.1% (-190bps) TL -327mn (-TL1,565mn) TL -6,919mn (TL 2,492mn) 20

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