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Consensus Estimate

Budweiser Brewing Company APAC is covered by various financial analysts and the consensus collection linked below was compiled from 27th January to 10th February 2023 from inputs submitted by some or all of theanalysts listed below.

This company-compiled consensus estimate is published for information purposes only before each quarterly reporting period, based on the inputs of participating analysts who have submitted their financial projections. Consensus estimates are, by nature, forward looking and are therefore subject to risks and uncertainties which are subject to change at any time.Note that consensus estimates, including any kind of underlying projections or forecasts, are the analysts’ own opinions and do not represent opinions,forecasts or predictions of Budweiser Brewing Company APAC or its management.Budweiser Brewing Company APAC has not verified, endorsed, influenced or commented on any of such consensus estimates, nor does it intend to do so inthe future. In addition, the consensus methodology may change at any time.Budweiser Brewing Company APAC assumes no liability whatsoever in connection with the accuracy, compilation, completeness or publication of consensus estimates and does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.Budweiser Brewing Company APAC undertakes no obligation to update or revisesuch information. Nothing contained herein should be taken as a recommendation to buy or sell any securities or to take or refrain from taking any other action or to place any reliance on any of the information included in this consensus collection.

Equity Analyst Coverage

The following list includes analysts that regularly follow and publish on the company’s performance. Please note that this list is not exhaustive.

Euan McLeish
Edward Lui
Chen Luo
Melody Yuelang Zhou
Xiaopo Wei
Xue Yuan
Mitch Collett
Mavis Hui / Clement Xu
Leaf Liu
Kathy Song
Goldman Sachs

Anne Ling

Kevin Yin



Linda Huang
Lillian Lou
Morgan Stanley