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    Robert OttensteinEvercore ISI

    Robert Ottenstein's questions to Ambev SA (ABEV) leadership

    Robert Ottenstein's questions to Ambev SA (ABEV) leadership • Q2 2024

    Question

    Robert Ottenstein asked for more details about Ambev's award as the top Pepsi bottler. He sought to understand the metrics Pepsi uses for the award, the operational changes Ambev made to earn it, and any connection to the BEES platform.

    Answer

    Executive Jean Neto attributed the success of the NAB business to its strong position in the growing non-sugar segment, with brands like Pepsi Black performing well. While he did not have the specific metrics Pepsi uses for the award, he suggested it was a broad evaluation of distribution, brand execution, and overall performance. He highlighted the strong partnership and future growth plans for brands like Gatorade.

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