Isabella Simonato's questions to Ambev SA (ABEV) leadership • Q2 2024
Question
Isabella Simonato inquired about the performance dynamics within Brazil's mainstream beer segment, focusing on the Brahma and Antarctica brands. She also asked about capital allocation strategy, given the year-over-year decrease in CapEx and strong free cash flow.
Answer
Executive Jean Neto stated that the core segment grew low single-digits, with focus brand Brahma and supporting brand Antarctica performing well, while Skol was a detractor. Executive Lucas Lira addressed capital allocation, explaining that Ambev is in a lower CapEx cycle after heavy investments from 2020-2022. He affirmed the strategy remains to reinvest for growth and return excess cash to shareholders, with a final decision by the Board at year-end.