Thai Beverage Public Company (Y92) investor relations material

Financial performance highlights

• 1H26 sales revenue declined 2.5% YoY to 173,219 million Baht, mainly due to weaker Beer and NAB segments.

• EBITDA from normal operations rose to 31,553 million Baht, with margin improving from 17.5% to 18.2%.

• Net profit from normal operations increased 7.8% YoY to 19,162 million Baht, driven by Spirits and Beer.

• Spirits business saw sales, EBITDA, and net profit growth, while Beer achieved strong margin expansion.

• NAB and Food businesses faced ongoing pressure from competition and softer performance.

Spirits business overview

• Spirits sales revenue grew 1.3% YoY to 65,373 million Baht, with net profit up 6.4% to 12,345 million Baht.

• Portfolio includes brands across Thailand, Myanmar, Scotland, France, New Zealand, and China.

• Strategy focuses on reinforcing core brands, innovation, and expanding accessibility.

• Multiple international awards for brands like RUANG KHAO, PRAKAAN, and OLD PULTENEY.

• Product innovation includes RTD beverages and new packaging formats.

Beer business overview

• Beer sales revenue rose 7.8% YoY to 66,201 million Baht, with net profit up 40.5% to 4,430 million Baht.

• Volume declined 8.2% YoY, but profitability improved due to cost management.

• Focus on strengthening core brands, innovation, digital expansion, and operational excellence.

• Market challenges include declining alcohol consumption and regulatory impacts.

• Innovations include new beer variants, packaging, and expanded distribution.