Ambev(US:ABEV)2024-08-01 18:51Financial Performance Highlights - Overall volume increased by 0.4%[6] - EBITDA increased by 15.9%[6] leading to a 300 bps increase in EBITDA margin[6] - Free Cash Flow increased by 9.0%[6] - Normalized Profit decreased by 8.3%[6] - Organic volume grew by 3.4%[9], with organic NR/hl (Net Revenue per Hectoliter) increasing by 4.8%[9], resulting in a 17.9% increase in organic EBITDA and a 330 bps increase in EBITDA margin[9] Business Unit Performance - BU Canada experienced a volume decrease of 6.9%[10], NR/hl increased by 1.3%[10], EBITDA decreased by 2.2%[10], and EBITDA margin increased by 110 bps[10] - BU LAS (Latin America South) saw a volume decrease of 13.7%[11], but NR/hl increased significantly by 16.4%[11], leading to a 7.6% increase in EBITDA and a 180 bps increase in EBITDA margin[11] - BU Brazil NAB (Non-Alcoholic Beverages) experienced strong growth, with volume up by 7.7%[12], NR/hl up by 6.8%[12], EBITDA up by 40.1%[12], and EBITDA margin up by 500 bps[12] - BU Brazil Beer saw volume increase by 2.9%[13, 17], NR/hl increased by 3.9%[17], EBITDA increased by 20.8%[17], and EBITDA margin increased by 350 bps[17] Brand and Innovation - Brand health reached an all-time high[21, 23] - Innovation in BEES (products assortment) is reaching over 65% of the Brazilian population, covering over 700 cities[21] - First half of 2024 volumes are over 10% compared to last year[23], contributing to 120% of Brazil Beer growth[23] Financial Priorities - Normalized EBITDA increased by 15.9%[25] organically compared to last year[25]