ANHEUSER-BUSCH INBEV SA/NV - Anheuser-Busch InBev Reports Q1 2022 Results - Short Form Announcement

Anheuser-Busch InBev Reports Q1 2022 Results - Short Form Announcement

Anheuser-Busch InBev SA/NV
(Incorporated in the Kingdom of Belgium)
Register of Companies Number: 0417.497.106
Euronext Brussels Share Code: ABI
Mexican Stock Exchange Share Code: ANB
NYSE ADS Code: BUD
JSE Share Code: ANH
ISIN: BE0974293251
(“AB InBev” or the “Company”)


                                     Anheuser-Busch InBev Reports Q1 2022 Results
                                               Short Form Announcement

KEY FIGURES

  •    Revenue: Revenue increased by 11.1% with revenue per hl growth of 7.8%.
       -   6.0% increase in combined revenues of our global brands, Budweiser, Stella Artois and Corona, outside of their
           respective home markets.
       -   53% of our revenue now through B2B digital platforms with the monthly active user base of BEES, reaching 2.7
           million users.
       -   Nearly 300 million USD of revenue and over 17 million e-commerce orders generated by our direct-to-consumer
           ecosystem.

  •    Volume: Total volumes grew by 2.8%, with own beer volumes up by 2.2% and non-beer volumes up by 6.0%.

  •    Normalised EBITDA: Normalised EBITDA of 4 486 million USD represents an increase of 7.4% with normalised EBITDA
       margin contraction of 115 bps to 33.9%.

  •    Underlying Profit: Underlying profit (normalised profit attributable to equity holders of AB InBev excluding mark-to-
       market gains and losses linked to the hedging of our share-based payment programs and the impact of hyperinflation)
       was 1 204 million USD in 1Q22 compared to 1 099 million USD in 1Q21. Normalized profit attributable to equity
       holders of AB InBev was 1 341 million USD in 1Q22 versus 1 013 million USD in 1Q21.

  •    Underlying EPS: Underlying EPS was 0.60 USD in 1Q22, an increase from 0.55 USD in 1Q21. Normalized EPS in 1Q22
       was 0.67 USD, an increase from 0.51 USD in 1Q21.

SHORT FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the board of directors of AB InBev and is a summary of the information
in the detailed financial results announcement and does not contain full or complete details. Any investment decision in
relation to the Company’s shares should be based on the full announcement.

The full announcement may be downloaded from

https://senspdf.jse.co.za/documents/2022/jse/isse/anhe/Q12022.pdf

or from the Company’s website at www.ab-inbev.com

Copies may be requested from the Company and the Johannesburg office of the Company’s JSE Sponsor at no charge
during business hours for a period of 30 calendar days following the date of this announcement.


ANHEUSER-BUSCH INBEV CONTACTS
Investors                                                 Media
Shaun Fullalove                                           Kate Laverge
Tel. : +1 212 573 9287                                    Tel. : +1 917 940 7421
E-mail : shaun.fullalove@ab-inbev.com                     E-mail : kate.laverge@ab-inbev.com

Maria Glukhova                                            Ana Zenatti
Tel. : +32 16 276 888                                     Tel. : +1 646 249 5440
E-mail : maria.glukhova@ab-inbev.com                      E-mail : ana.zenatti@ab-inbev.com

Cyrus Nentin
Tel : +1 646 746 9673
E-mail : cyrus.nentin@ab-inbev.com


5 May 2022
JSE Sponsor: Questco Corporate Advisory Proprietary Limited


Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the
Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New
York Stock Exchange (NYSE: BUD).






Date: 05-05-2022 08:15:00
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