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ANADOLU EFES 9M2021 EARNINGS RELEASE 3Q2021 HIGHLIGHTS • Consolidated sales volume increased by 9.2 % to 35.8 mhl ■ Consolidated net sales revenue up 34.9 % to TL 11,787.0 million ANADOLU EFES Istanbul , November 4 , 2021 • Consolidated EBITDA Before Non - Recurring Items ( BNRI ) up 12.8 % to TL 2,356.1 million 9M2021 HIGHLIGHTS Consolidated sales volume increased by 11.9 % to 92.2 mhl Consolidated net sales revenue up 39.4 % to TL 28,333.6 million Consolidated EBITDA Before Non - Recurring Items ( BNRI ) up 32.3 % to TL 5,140.7 million Consolidated Free Cash Flow was TL 4,248.2 million in 9M2021 vs. TL 2,895.6 million in 9M2020 MANAGEMENT COMMENTS " I am very happy to deliver strong results for another quarter . Eased restrictions along with the increased mobility led to a successful volume performance in the third quarter . On top of 9 % volume growth achieved on a consolidated basis the robust growth in per unit prices yielded a topline growth of over 30 % . While in July , Russia has recorded the highest - ever monthly beer sales , similarly the soft drink volumes in Turkey have hit its record - high monthly level . Our profitability margins on the other hand was below last year due to cycling a high base of last year . The margins were also impacted from the recent hike in commodity and raw material prices " commented Mr. Can Çaka , Beer Group President and Anadolu Efes CEO In beer group , we sustained our volume growth momentum similar to the first half of 2021 , thanks to the superior performance of international beer operations led by Russia and CIS countries . In soft drinks , Turkey and Pakistan had another solid quarter , also CIS managed to grow by double - digits . It is very encouraging that Russia had almost double - digit growth in the period despite last year's high base . The growth was assisted by favorable market dynamics but we also benefitted from the development of our premium and NABLAB segment as well as adjacent categories . Despite the pandemic , the strong results achieved in Russia since the beginning of the year were as a result of our superior execution capabilities , our dedication to commercial excellence also to excellent portfolio management by offering the right choice to consumers . Ukraine on the other hand had a challenging quarter once again due to higher pricing over competition . In CIS countries , we continued our leadership with successful market implementations and differentiated offerings including non - alcoholic and flavored beer . In line with our strategy to expand our geographic footprint , beer export volumes expanded significantly , where exports to China , Belarus and MENA regions showed double - digit increases . In Turkey , we continued to invest in our " +1 Relaunch " and increase engagement with our consumers . As part of Company's strategy to own innovative leadership , we launched " Efes Glutensiz " the first gluten- free beer produced in Turkey , which was developed in our innovation center in İzmir . I am very excited to see strong dynamics despite a very short period of time ; since the launch . Page 1 of 17 www.anadoluefes.com ir@anadoluefes.com