Total Revenue
FY + 11.2% | 4Q +10.2%

Revenue increased by 11.2% in FY22 with revenue per hl growth of 8.6% and by 10.2% in 4Q22 with revenue per hl growth of 11.2%.

8.9% increase in combined revenues of our global brands, Budweiser, Stella Artois and Corona in FY22 and 6.6% in 4Q22, outside of their respective home markets.

Approximately 63% of our revenue now through B2B digital platforms with the monthly active user base of BEES reaching 3.1 million users.

Over 450 million USD of revenue and 69 million ecommerce orders generated by our digital direct-to-consumer ecosystem in FY22.


Total Volume
FY +2.3% | 4Q -0.6%

In FY22, total volumes grew by 2.3% with own beer volumes up by 1.8% and non-beer volumes up by 5.2%. In 4Q22, total volumes declined by 0.6% , with own beer volumes down by 0.9% and non-beer volumes up by 1.9% .


Normalized EBITDA
FY +7.2% | 4Q + 7.6%

In FY22, normalized EBITDA increased by 7.2% to 19 843 million USD and normalized EBITDA margin contracted by 126 bps to 34.3%. In 4Q22, normalized EBITDA of 4 947 million USD represents an increase of 7.6% with normalized EBITDA margin contraction of 80 bps to 33.7%. Normalized EBITDA figures of FY22 and FY21 include an impact of 201 million USD and 226 million USD from tax credits in Brazil. For more details, please see page 12.

Underlying Profit (million USD)
FY 6 093 | 4Q 1 739

Underlying profit (normalized profit attributable to equity holders of AB InBev excluding mark-to-market gains and losses linked to the hedging of our share-based payment programs and the impact of hyperinflation) was 6 093 million USD in FY22 compared to 5 774 million USD in FY21 and was 1 739 million USD in 4Q22 compared to 1 484 million USD in 4Q21.


Underlying EPS (USD)
FY 3.03 | 4Q 0.86

Underlying EPS was 3.03 USD in FY22, an increase from 2.88 USD in FY21 and was 0.86 USD in 4Q22, an increase from 0.74 USD in 4Q21.


Net Debt to EBITDA
3.51x
Net debt to normalized EBITDA ratio was 3.51 x at 31 December 2022, compared to 3.96x at 31 December 2021.


Dividend
0.75 EUR

The AB InBev Board proposes a full year 2022 dividend of 0.75 EUR per share, subject to shareholder approval at the AGM on 26 April 2023. A timeline showing the ex-coupon, record and payment dates can be found on page 17.