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ANADOLU EFES 1H2021 EARNINGS RELEASE 2Q2021 HIGHLIGHTS ANADOLU EFES Istanbul , August 12 , 2021 • Consolidated sales volume increased by 14.2 % to 33.2 mhl ■ Consolidated net sales revenue up 46.9 % to TL 10,387.2 million • Consolidated EBITDA Before Non - Recurring Items ( BNRI ) up 41.5 % to TL 2,069.4 million 1H2021 HIGHLIGHTS ■ Consolidated sales volume increased by 13.7 % to 56.4 mhl Consolidated net sales revenue up 42.8 % to TL 16,546.6 million Consolidated EBITDA Before Non - Recurring Items ( BNRI ) up 55.0 % to TL 2,784.5 million Consolidated Free Cash Flow was TL 1,953.4 million in 1H2021 vs. TL 991.4 million in 1H2020 MANAGEMENT COMMENTS " After making a very strong start to the year , we delivered another solid set of results ; which were either above or in line with our expectations . We managed to keep our volume growth momentum , assisting our consolidated volumes to exceed pre - pandemic levels . Brand investments and innovations , market executions together with the initiatives to increase visibility were the drivers of our strong volume performance in the period . In addition , the exports significantly surpassed our expectations with increased contribution to profitability . On top of a robust volume performance , our FX - neutral revenue / hl increased by 13.9 % in the period , thanks to our focus on strict discount management and revenue management initiatives to drive value . In line with our disciplined financial policy and tight balance sheet management strategy , our leverage ratio stayed at a very healthy level as a result of close to TL 2 billion Free Cash Flow generated . " commented Mr. Can Çaka , Beer Group President and Anadolu Efes CEO . I am also honored and pleased to share that Anadolu Efes delivered another landmark transaction , by issuing US $ 500,000,000 , 7 - year maturity Eurobonds , with a coupon rate of 3.375 % , which will set a new benchmark for Turkish corporates in the coming years . We took the advantage of pursuing a very good transaction strategy and selecting a very good execution window , giving us the opportunity to ensure most optimal outcome and therefore , breaking our own record . I am also very happy with the outcome of the tender process where the result is the testimony of the investors ' appreciation of Anadolu Efes ' credit and their appetite to extend their maturity by participating in the new issue . As Anadolu Efes , we see sustainability as the most crucial part of our long journey that all our employees and stakeholders must internalize and feel responsible for . Since day one , we have been prioritizing value creation across all strategic areas for the sustainable growth of our business . This year , we identified our Sustainability Goals for 2030 in line with the guidelines of United Nations Sustainable Development Goals to demonstrate our commitment to improve our ESG related practices . With the aim of reducing our footprint , our goal is to reach net zero carbon emissions in all our operations by 2030 , while becoming a certified zero- waste company at the same time . In addition to these efforts , we will continue to invest in the societies we live in for a sustainable future by focusing on our social impact through supporting community projects and entrepreneurs . We are well aware that sustainable development depends on empowering women in business life , and we believe that equal opportunity makes us stronger . Along these ambitions , we aim to increase the Page 1 of 17 www.anadoluefes.com ir@anadoluefes.com