Budweiser Brewing Company APAC Limited (BDWBY) Q2 2026 Earnings Call Transcript

Budweiser Brewing Company APAC Limited ( BDWBY ) Q2 2026 Earnings Call July 29, 2026 11:30 PM EDT Company Participants Yanjun Cheng - CEO & Co-Chair of the Board Bernardo Novick Rettich - Chief Financial Officer Conference Call Participants Kin Shun Ling - Jefferies LLC, Research Division Lillian Lou - Morgan Stanley, Research Division Chen Luo - BofA Securities, Research Division Xiaopo Wei - Citigroup Inc., Research Division Euan Mcleish - Bernstein Institutional Services LLC, Research Division Ye Liu - Goldman Sachs Group, Inc., Research Division Jessie Xu - JPMorgan Chase & Co, Research Division Christine Peng - UBS Investment Bank, Research Division Presentation Operator And welcome to the 2026 First Half results announcement conference call for Budweiser Brewing Company APAC Limited. Hosting the call today from Budweiser APAC is Mr. Y.J. Cheng, Chief Executive Officer and Co-Chair for the Board; and Mr. Bernardo Novick, Chief Financial Officer. The results for the 6 months ended 30th June 2026 can be found in the press release published earlier today and available on the Hong Kong Stock Exchanges and Budweiser APAC website.

Before proceeding, let me remind you that some of the information provided during this results call, including our answers to your questions on this call, may contain statements of future expectations and other forward-looking statements. These expectations are based on the management's current views and assumptions, and involve known and unknown risks, uncertainties and other factors beyond our control. It is possible that Budweiser APAC's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in the forward-looking statements. Budweiser APAC is under no obligation to and expressly disclaims any such obligation to update the forward-looking statements as a result of new information, future events or otherwise. For a discussion of some of the risks and important factors that could affect Budweiser APAC's future results, the risk factors in the company's prospectus dated 18th