ANADOLU EFES

1H2021

CONFERENCE CALL

PRESENTATION

13.08.2021

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.

2

GENERAL OVERVIEW

&

OPERATING ENVIRONMENT

Can Çaka

CEO & Beer Group President

Volume momentum in 2Q yielded better than expected results…

Volumes exceeded

pre-pandemic levels in 1H

Robust revenue performance assisted

by revenue management initiatives & discount management

Increased OPEX in line

with plans

Strong Free Cash

Flow generation leading to healthy balance sheet

USD 500 million with

7-year maturity Eurobonds

USD 319.6 million

tender offer settled

Sustainability

roadmap and commitments set for a sustainable future

4

…supported by both businesses…

TOTAL VOLUME

mhl

+14.2%

33.2

29.1

2Q20202Q2021

VOLUME

BREAKDOWN

33%

2Q2021

67%

REVENUE

EBITDA

FREE CASH FLOW

TL mn

TL mn, bps

TL mn

+46.9%

~-76 bps

margin contraction

10,387

+41.5%

+9.5%

2,069

2,204

7,070

2,013

1,462

2Q2020

2Q2021

2Q2020

2Q2021

2Q2020

2Q2021

REVENUE

EBITDA

BREAKDOWN

BREAKDOWN

34%

44%

2Q2021

2Q2021

56%

66%

Soft drinks Beer

5

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Anadolu Efes Biracilik Ve Malt Sanayii AS published this content on 13 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2021 12:31:06 UTC.