AB InBev Financial Results

B) DERIVATIVES AB InBev's activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk, cash flow interest risk, commodity risk and equity risk), credit risk and liquidity risk. The company analyses each of these risks individually as well as on a combined basis and defines strategies to manage the economic impact on the company's performance in line with its financial risk management policy. AB InBev primarily uses the following derivative instruments: foreign exchange forwards, currency futures, interest rate swaps, cross currency interest rate swaps ("CCIRS"), commodity swaps, commodity futures and equity swaps. The table below provides an overview of the notional amounts of derivatives outstanding as at the dates indicated by maturity bucket. <1 31 December 2022 1-2 2-3 3-5 year years years years > 5 years < 1 year 31 December 2021 1-2 2-3 years years years 3-5 > 5 years Million US dollar Foreign currency Foreign exchange forwards 11 445 479 Foreign currency futures 503 Interest rate Interest rate swaps Cross currency interest rate swaps 12 599 1 617 29 1 000 1 500 900 1 923 1 834 2 608 560 4 614 1 000 1 400 1 173 1 573 1 453 Commodities Aluminum swaps 2 161 4 Other commodity derivatives 1 160 22 Equity Equity derivatives 10 800 1 241 1 034 11 469 C) FOREIGN CURRENCY RISK AB InBev is subject to foreign currency risk when contracts are denominated in a currency other than the functional currency of the entity. This includes borrowings, investments, (forecasted) sales, (forecasted) purchases, royalties, dividends, licenses, management fees and interest expense/income. To manage foreign currency risk, the company uses mainly foreign exchange forwards, currency futures and cross currency interest rate swaps. 78

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