Investor Presentaiton

+1 Over-delivered our beer group volume guidance... Volumes EBITDA Margin Decline by mid-single digit on annual basis EBITDA margin contraction in FY to be less than 1H In FY2020, beer volume growth of 0.2% significanty outperformed our guidance of mid-single digit decline Capex/ Net Sales Free Cash Flow Will not exceed previous year's level Positive Free Cash Flow 15 EFES

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