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ambev AMBEV REPORTS 2021 THIRD QUARTER RESULTS¹ " After achieving all - time high rolling 12 months consolidated volumes in 2Q21 , and lapping over a great 3Q20 , in 3Q21 we saw continued commercial momentum drive our 20.8 % top - line growth and 9.4 % EBITDA growth compared to 2020 , and 42.9 % net revenue growth and 15.6 % EBITDA growth against 2019 " - Jean Jereissati , CEO Total Volume ( organic ) + 7.7 % vs LY Most of our markets delivered continued volume growth momentum : Brazil + 8.0 % , Central America and the Caribbean ( " CAC " ) + 8.9 % , Latin America South ( " LAS " ) + 11.7 % , while Canada declined 6.6 % . Normalized EBITDA ( organic ) + 9.4 % vs LY Top - line led recovery continues to drive our EBITDA performance , which remains pressed by FX and commodities , and higher SG & A , affected mostly by higher variable compensation accruals . Cash flow from operating activities R $ 6,398.2 million Cash flow from operating activities was R $ 6,398.2 million compared to R $ 7,079.4 million in 3Q20 ( 9.6 % ) . For YTD21 it totaled R $ 11,075.5 million compared to R $ 10,462.2 million in YTD20 ( + 5.9 % ) . Net Revenue ( organic ) + 20.8 % vs LY ambev.com.br Page | 1 Driven by volume performance and net revenue per hectoliter ( " NR / hl " ) growth of 12.1 % . Net revenue grew in Brazil by 17.1 % , in CAC by 20.4 % , in LAS² by 54.5 % , while in Canada it declined by 2.4 % . Normalized Profit R $ 3,753.3 million Normalized profit was R $ 3,753.3 million compared to R $ 2,495.9 million in 3Q20 ( + 50.4 % ) . For YTD21 it totalized R $ 9,477.9 million compared to R $ 5,096.3 million in YTD20 ( + 86.0 % ) . ESG In September , we announced the first carbon neutral large brewery and malt plant in Brazil : Ponta Grossa Brewery ( PR ) and Passo Fundo Malt Plant ( RS ) . We were chosen as one of the 5 best places to work in Brazil according to Great Place to Work . ¹ The following operating and financial information , unless otherwise indicated , is presented in nominal Reais and prepared according to the International Financial Reporting Standards ( " IFRS " ) issued by the International Accounting Standards Board ( " IASB " ) and to the accounting practices issued by the Brazilian Accounting Standards Committee ( " CPC " ) and approved by the Brazilian Securities and Exchange Commission ( " CVM " ) . The information herein should be read together with our financial information for the nine - month period ended September 30 , 2021 , filed with the CVM and submitted to the U.S. Securities and Exchange Commission ( " SEC " ) . 2 The impacts resulting from applying Hyperinflation Accounting for our Argentinean subsidiaries , in accordance with IAS 29 , are detailed in the section Financial Reporting in Hyperinflationary Economies - Argentina ( page 15 ) . Press release - October 28 , 2021