AB InBev Financial Results

IMPACT OF FOREIGN CURRENCIES Foreign currency exchange rates have a significant impact on our financial statements. The following table sets forth the percentage of our revenue realized by currency for the 2022 and 2021: 2022 2021 US dollar Brazilian real Mexican peso Chinese yuan Euro Colombian peso South African rand Canadian dollar Argentinean peso Peruvian nuevo sol Pound sterling Dominican peso South Korean won 28.8% 29.6% 14.5% 12.4% 10.7% 9.4% 8.3% 9.7% 5.4% 6.2% 4.2% 4.1% 4.0% 4.0% 3.4% 3.7% 3.3% 3.0% 2.9% 2.6% 2.1% 2.7% 2.1% 2.1% 2.0% 2.1% Other 8.2% 8.1% The following table sets forth the percentage of our normalized EBITDA realized by currency for the 2022 and 2021: 2022 2021 US dollar Mexican peso 31.0% 32.8% 14.9% 13.6% Brazilian real Chinese yuan Colombian peso Euro Peruvian nuevo sol South African rand Argentinean peso Dominican peso Canadian dollar South Korean won Pound sterling Other In 2022, the fluctuation of the foreign currency rates had a negative translation impact, including hyperinflation accounting impact, of 2 136m US dollar on our revenue (2021: positive impact of 326m US dollar), of 669m US dollar on our normalized EBITDA (2021: positive impact of 96m US dollar) and of 410m US dollar on our normalized EBIT (2021: positive impact of 35m US dollar). Our profit (after tax) was negatively affected by the fluctuation of foreign currencies, including hyperinflation accounting impact, amounting to 132m US dollar (2021: positive impact of 41m US dollar), while the negative translation impact, including hyperinflation accounting impact, on our EPS (profit attributable to our equity holders) was 121m US dollar or 0.06 US dollar per share (2021: positive impact of 38m US dollar or 0.02 US dollar per share). The impact of the fluctuation of the foreign currencies on our net debt amounted to 1 527m US dollar (decrease of net debt) in 2022, as compared to an impact of 1 609m US dollar (decrease of net debt) in 2021. The impact of the fluctuation of the foreign currencies on the equity attributable to our equity holders amounted to 1 123m US dollar (decrease of equity), as compared to an impact of 4 320m US dollar (decrease of equity) in 2021. 11.3% 9.8% 7.9% 9.4% 5.2% 5.4% 4.6% 4.3% 4.2% 4.0% 4.1% 3.9% 3.4% 2.7% 2.8% 3.0% 2.4% 2.9% 1.8% 1.7% 0.0% 0.3% 6.6% 6.2% 1 Hyperinflation accounting was adopted in 2018 to report the company's Argentinian operations. 10

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