EBITDA Growth and Margin Expansion
EBITDA increased by 6.5% with continued margin expansion. The strategic revenue management drove an increase in revenue per hectoliter growth by 4.9% versus last year.
Non-Alcohol Beer Revenue Growth
The non-alcohol beer portfolio continued to outperform globally, with revenues increasing by 33%.
BEES Marketplace Growth
The growth of the BEES marketplace accelerated, increasing GMV by 63% versus last year to reach $785 million.
U.S. Market Share Gains
In the U.S., the portfolio is gaining share of the industry, led by Michelob ULTRA and Busch Light. Spirits-based RTDs grew volumes by low teens.
EPS and Free Cash Flow Improvement
Underlying U.S. dollar EPS increased by 8.7% and free cash flow increased by $0.5 billion.
Strong Brand Investments
Invested $3.6 billion in sales and marketing in the first half of the year, reinforcing the strength of the portfolio. Eight of the top 10 most valuable beer brands are owned by AB InBev.
Net Debt Reduction
Net debt-to-EBITDA ratio improved to 3.27x from 3.42x year-over-year.