Budweiser Brewing APAC : Results Document (FY24

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

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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.

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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

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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.

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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-firstelectric boiler

using hydropower

* vs. 2017 baseline