AB InBev Financial Results

6. Acquisitions and disposals of subsidiaries The company undertook a series of acquisitions and disposals and/or settled payments related to prior year acquisitions during the year ended 31 December 2022 and 31 December 2021, with no significant impact in the consolidated financial statements. 7. Other operating income/(expenses) Million US dollar 2022 2021 Brazilian tax credits 201 226 Government grants 311 322 Net gain on disposal of property, plant and equipment, intangible assets and assets held for sale License income 82 65 27 25 Net rental and other operating income 220 167 841 805 Other operating income/(expenses) In 2022, Ambev, a subsidiary of AB InBev, recognized 201m US dollar income (2021: 226m US dollar) in Other operating income related to tax credits. Additionally, in 2022 Ambev recognized 168m US dollar (2021: 118m US dollar) of interest income on tax credits in Finance income (refer to Note 11 Finance cost and income). The income from government grants primarily relate to fiscal incentives given by certain Brazilian states and Chinese provinces, based on the company's operations and developments in those regions. 8. Non-underlying items IAS 1 Presentation of financial statements requires that material items of income and expense be disclosed separately. Non-underlying items are items that in management's judgment need to be disclosed by virtue of their size or incidence so that a user can obtain a proper understanding of the company's financial information. The company considers these items to be significant and accordingly, management has excluded them from their segment measure of performance in Note 5 Segment Reporting. The non-underlying items included in the income statement are as follows: For the year ended 31 December Million US dollar COVID-19 costs Restructuring Business and asset disposal (including impairment losses) AB InBev Efes related costs Acquisition costs business combinations Zenzele Kabili costs Impact on profit from operations Non-underlying net finance income/(cost) Non-underlying share of results of associates Non-underlying taxes Non-underlying non-controlling interest Net impact on profit 2022 2021 (18) (105) (110) (172) (71) (247) (51) (1) (17) (72) (251) (614) 498 (806) (1143) 399 346 13 20 (484) (1 054) COVID-19 costs amount to (18)m US dollar for the year ended 31 December 2022 (2021: (105)m US dollar). These expenses mainly comprise costs related to personal protection equipment for the company's employees and other costs incurred as a direct consequence of the COVID-19 pandemic. The non-underlying restructuring charges for 2022 total (110)m US dollar (2021: (172)m US dollar). These charges primarily relate to organizational alignments. These changes aim to eliminate overlapping organizations or duplicated processes, taking into account the matching of employee profiles with new organizational requirements. These one-time expenses provide the company with a lower cost base and bring a stronger focus to AB InBev's core activities, quicker decision-making and improvements to efficiency, service and quality. Business and asset disposals (including impairment losses) amount to (71)m US dollar for 2022 mainly comprising impairment of intangible assets and other non-core assets sold in the period. Business and asset disposals (including impairment losses) amounted to (247)m US dollar for 2021, mainly comprising (258)m US dollar of non-cash impairment charge associated with Bedford Systems, a joint venture with Keurig Dr. Pepper, following the announcement of the 49

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