AB InBev Financial Results

EARNINGS PER SHARE The calculation of basic earnings per share for 2022 is based on the profit attributable to equity holders of AB InBev of 5 969m US dollar (2021: 4 670m US dollar) and a weighted average number of ordinary and restricted shares outstanding (including deferred share instruments and stock lending) per end of the period, calculated as follows: Million shares Issued ordinary and restricted shares at 1 January, net of treasury shares Effect of stock lending Effect of delivery of treasury shares Weighted average number of ordinary and restricted shares at 31 December 2022 2021 1 981 30 2 1 972 30 4 2 013 2 007 The calculation of diluted earnings per share for 2022 is based on the profit attributable to equity holders of AB InBev of 5 969m US dollar (2021: 4 670m US dollar) and a weighted average number of ordinary and restricted shares (diluted) outstanding (including deferred share instruments and stock lending) at the end of the period, calculated as follows: Million shares Weighted average number of ordinary and restricted shares at 31 December Effect of share options, warrants and restricted stock units Weighted average number of ordinary and restricted shares (diluted) at 31 December 2022 2021 2013 37 2 007 38 2 050 2 045 The calculation of earnings per share before non-underlying items is based on the profit before non-underlying items, attributable to equity holders of AB InBev. The calculation of the Underlying EPS is based on the profit before non- underlying items, mark-to-market gains/losses and hyperinflation impacts attributable to equity holders of AB InBev. A reconciliation of the profit attributable to equity holders of AB InBev to the profit before non-underlying items, attributable to equity holders of AB InBev is calculated as follows: Million US dollar Profit attributable to equity holders of AB InBev Net impact of non-underlying items on profit (refer to Note 8) Profit before non-underlying items, attributable to equity holders of AB InBev Mark-to-market losses/(gains) on derivatives related to the hedging of share-based payment programs (refer to Note 11) 2022 20211 5 969 4 670 484 1 054 6 454 5 723 (331) 23 (30) 6 093 28 5 774 Hyperinflation impacts Underlying profit The table below sets out the EPS calculation: Million US dollar Profit attributable to equity holders of AB InBev Weighted average number of ordinary and restricted shares Basic EPS Profit before non-underlying items, attributable to equity holders of AB InBev Weighted average number of ordinary and restricted shares Basic EPS before non-underlying items 2022 2021 4 670 5 969 2013 2.97 6 454 2013 3.21 2 007 2.33 5 723 2 007 2.85 Underlying profit Weighted average number of ordinary and restricted shares Underlying EPS Profit attributable to equity holders of AB InBev Weighted average number of ordinary and restricted shares (diluted) Diluted EPS Profit before non-underlying items, attributable to equity holders of AB InBev Weighted average number of ordinary and restricted shares (diluted) Diluted EPS before non-underlying items Earnings per share before non-underlying items and Underlying EPS are non-IFRS measures. 1 Amended to conform to 2022 presentation. 65 6 093 2013 5 774 2 007 3.03 2.88 5 969 4 670 2 050 2 045 2.91 2.28 6 454 5.723 2 050 2 045 3.15 2.80

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