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AEI is centered in Europe but manages the complexity of global expansion

90 markets
5 continents
61 reporting entities
21 jurisdictions
22 time zones

19 production facilitiesin 8 countries

10 000people* constant FX rates applied2

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Our performance in 2021, despite continued Covid impact, was substantiallybetter than 2020 with premiumisation evident in top line leverage
AEI

Q1@C21 Bud rates

Q3

vs. C20

vs. C19

7 471

(9%)

(12%)

12 22610%(4%)

NPR €m473

(14%)

(17%)

858

23%

COP €m3(95%)

(96%)

197

50%

Volume (khl)•C21

Q2C21vs. C20

vs. C19

C21

Full Year

Q4vs. C20

vs. C19

12 610(3%)

(4%)

8 955

7%

(4%)

41 262

2%

(6%)

(3%)

931

5%

2%

668

21%

(1%)

2 930

9%

(4%)

(11%)

256

4%

(5%)

122

98%

12%

578

16%

(15%)

C21vs. C20

vs. C19

C21vs. C20

vs. C19

Covid impact: Q1 was heavily impacted by lockdowns in most markets, these restrictions eased through Q2 and Q3 withmarkets reintroducing restrictions in Q4•Signs of recovery in On-Trade when markets opened in Q2 and Q3, with some months exceeding 2019 in Czech (Jun &Jul) and UK (Jun, Aug and Sep)

•August 2021 was impacted by adverse weather conditions which partially offset the easing of some Covid restrictions•Strong YoY NPR growth in 2021, ahead of volume growth, driven by price and channel/brand mix* constant FX rates applied

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Our key strategic focus areas, integrate back into AGH and come to life
through our culture

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Legacy 2030 – Delivering on our Commitments to Cheer the Future• CO2 neutral in Scope 1, 2, 3

• Reduction of CO2 emissions in our breweries by 50%• 100% renewable electric energy in our breweries• Average Water-to-beer ratio 2.75 hl/hl• All breweries below 3.0 hl/hl• CO2 neutral in our breweries• CO2 Scope 3 - 30% reduction• Fully circular packaging: 100% recyclable, majority recycled content• 100% sustainably sourced raw materials• 20% share of non-alcoholic beers in our portfolio• Inclusive culture with 50/50 executives
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Legacy 2030 – Our Progress & Looking Forward
Active Participation & Thought Leadership
through Partnerships

Progress

Priorities for 2022 & Towards 2025

• In the Netherlands and Poland 100% of electricity inour breweries now comes from renewable sources• Continue working towards 100% renewableelectricity in all breweries by 2025

• Our Grolsch brewery in the Netherlands uses 100%green heat

• Develop & implement Renewable Heat & Waste
roadmaps• Our Plzen brewery in Czechia is now using green heat

• Implement Transportation, Cooling roadmaps forcarbon neutrality of breweries by 2030

• We use 40% less water now compared to adecade ago• Perform Water Assessment in each market in 20222023• Together with Microsoft, we are supporting hop
growers in the Czechia to address climate related
water issues• Develop & implement Water Reduction roadmaps• In the Netherlands, now using cardboard patented
top-clip packaging for can multipacks• Develop & implement packaging roadmap• In Czechia and Slovakia we have discontinued PETplastic bottles and PU plastic labels and aluminum
foil replaced with 100% recyclable paper labels• 100% of the barley we use in Czechia, Slovakia
and Italy is sourced locally, most of it directlyfrom farmers• Continue to develop pilot projects on circular
packaging and packaging reduction• Monitor & implement Deposit Return Schemes(DRS) in our markets• Develop & implement agriculture strategy &roadmap• Identify scalable agriculture related projects

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Our Commitment to Diversity, Equity & Inclusion
We are determined to create a business as diverse as the world around us, reflecting thecommunities we reach and the people we serve.
We are committed to nurturing a workplace where we celebrate and respect difference andsupport everyone’s freedom to be their true selves – at work,at home, in public – to be courageous in your individuality and know that you have the same
opportunity for happiness, fun and success, whoever you are and whatever your circumstances.
You can belong without having to conform and have the freedom to just be you – and shine AS
YOU ARE.

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As a Company we are Committed to:11

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ASD is building global FAME partnerships to accelerate growthSuper Dry refreshment from Japan
Need to generate Awareness and Trial

Fame driving global partnerships and trial experiences

Rugby World Cup 2023
• >800mil TV audience• 1.8mil tickets• >1mil in fanzones• 1.5bil reach social media

City Football Group• Manchester City #1 ranked UEFA team
• Melbourne City in Australia• Yokohama F. Marinos in Japan• Sichuan Jiuniu in China• 4.8bn TV audience• 200 countries worldwide• 1billion followers total

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PNA 0.0%: Launching the world’s most aspirational, highquality and best tasting non-alcoholic proposition

PNA 0.0%• Completely new consumer blind taste winning recipe• Impactful new design• Launch in >20 markets

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Aston Martin F1 team
• 1.6bn cumulative TV audience (+4% year).
• 0.5bn unique TV Views.
• Formula 1 fastest-growing follower growth 2021

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Kozel – Europe scale and relevant portfolio for Asia

Kozel – approachable Czech beer culture• Premium scale brand• Less bitter traditional styles of beer
• Lager, Dark and new White (KOR)• Launch Italy 2021 and Romania 2022

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