Budweiser Brewing APAC : Results Document (FY24

About this update from Budweiser Brewing Co. Apac Ltd.

Bud APAC 2024 Sustainability Webcast 14 May 2024 Jan Craps Chief Executive Officer and Co-Chair of the Board Ignacio Lares Chief Financial Officer Speakers Jan Clysner Vice President of Sustainability and Procurement Linda Qian Chief People Officer Yanjun Cheng Chief Supply and Logistics Officer Craig Katerberg Chief Legal and Corporate Affairs Officer 2 2 Legal Disclaimer By attending the webcast or meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Budweiser Brewing Company APAC Limited (the " Company " or " Bud APAC " and, together with its subsidiaries, the " Group ") for use in presentations by the Group for information purposes and does not constitute a recommendation regarding the securities of the Company. The information in this presentation contains "forward-looking statements". These statements are based on the current expectations and views of future events and developments of the management of Bud APAC and are naturally subject to uncertainty and changes in circumstances. Forward-looking statements include statements typically containing words or phrases such as "will likely result", "are expected to", "will continue", "is anticipated", "anticipate", "estimate", "project", "may", "might", "could", "believe", "expect", "plan", "potential", "we aim", "our goal", "our vision", "we intend" or similar expressions that are forward-looking statements. All statements other than statements of historical facts are forward-looking statements. You should not place undue reliance on these forward-looking statements, which reflect the current views of the management of Bud APAC, are subject to numerous risks and uncertainties about Bud APAC and are dependent on many factors, some of which are outside of Bud APAC's control. There are important factors, risks and uncertainties that could cause actual outcomes and results to be materially different, including but not limited to, the effects of the COVID-19 pandemic and uncertainties about its impact and duration, and the risks and uncertainties relating to Bud APAC as described in the prospectus of Bud APAC dated 18 September 2019, 2023 Annual Report, 2023 Sustainability Report and any other documents that Bud APAC has made public (the " Documents "). Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements. The forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere, including the Documents. Any forward-looking statements made in this communication are qualified in their entirety by these cautionary statements and there can be no assurance that the actual results or developments anticipated by Bud APAC will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Bud APAC or its business or operations. Except as required by law, Bud APAC undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or developments or otherwise. The use by Budweiser Brewing Company APAC Limited of any MSCI ESG RESEARCH LLC or its affiliates (MSCI) data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of the Company by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI. 3 AGENDA AGENDA Introduction​ 01 Company Overview & Sustainability Recognitions Primary goals​ 02 Working Toward our Net Zero Ambition Areas of growth​ Timeline​ 03 Empowering our Value Chain Partners Summary​ 04 Climate-related Financial Disclosures 05 Thriving with our Communities and People 06 Building our Robust Governance Framework 07 Q&A Company Overview & Sustainability Highlights Jan Craps ChiefExecutiveOfficerand Co-ChairoftheBoard 5 About Bud APAC Dividend per share 5.29 cents USD Stock Code 1876 35+ Countries/territories Approximately 25,000 Colleagues 25 Nationalities in our workforce The year Budweiser was first brewed 50+ Brands 47 Breweries 51 Distribution centers Beers and beverages sold 92,767 thousand hl 41% 6,100+ Female colleagues Suppliers and contractors All information refers to FY2023 results (as of 31 Dec 2023). 6 Our Purpose and Principles Our Purpose "We Dream Big to Create a Future With More Cheers." 1 Dream big 6 Prioritize simple and scalable solutions 2 Lead by example and take accountability 7 Manage costs tightly 3 Attract and develop great people 8 Think long-term 4 5 Build brands Grow with customers and consumers love communities 9 10 Strive for Never take Superior results shortcuts 7 Our Sustainability Recognitions Participation since 2019 Participation since 2021 Participation since 2019 AA Rating A Rating in Water Security Rated "Low Risk" A- Rating in Climate Change Signatory of Participation since 2021 Constituent of "Corona Extra Lime" Project won The Dow Jones Sustainability Indices • Titanium Lion - Game-changing Creativity* FTSE4Good Developed Index • Sliver Lion - Creative Business Transformation *The first Titanium Lion for China across all industries. 8 Working Towards our Net Zero Ambition Jan Clysner VPofSustainabilityand Procurement 9 Climate Action Our Goal: 100% of our electricity will come from renewable sources. 25% carbon emissions will be reduced across our value chain. 35% reduction in absolute scope 1 and 2 emissions. 23.8% reduction of carbon emission intensity across our value chain* 64.3% decrease within our own operations* 66.4% of our electricity from renewable sources 10 breweries in China achieved RE100 21 breweries installed solar panels 3 carbon neutral breweries (Wuhan, Jinzhou and Jiamusi) Industry-first electric boiler using hydropower * vs. 2017 baseline

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