Investor Presentaiton

+1 hu mhl 8.6 1.3 3rd consecutive year of volume growth in Russia... Beer Sales Volume -4.1% 8.2 1.1 Turkey International +0.2% 36.2 36.2 5.4 4.6 30.8 31.6 7.3 7.1 4Q2019 Turkey Operations 4Q2020 FY2019 FY2020 ✓ First half of the quarter more resilient than expected ✓ Sales limitations & weekend lockdowns put pressure on the second half of 4Q ✓ Better performance than 1Q & 2Q despite more strict measures Continued to invest in market to enhance visibility and consumer touch Volume Breakdown* CIS 10% Turkey 13% 0 77% Russia & Ukraine *Breakdown on combined basis International Operations Russia volume decline of low-to-mid single digit ✓ Cycling a high base of high-single growth in 4Q2019 ✓ Increased restrictions & intense competition Ukraine volume up high-single digit ✓ CIS volume down low-to-mid single digit ✓ Increased number of COVID-19 cases ✓ Shift to economy segment observed 8 EFES

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