SAO PAULO, Brazil, Aug. 14 /PRNewswire-FirstCall/ -- Companhia de Bebidas das Americas -- AmBev (BOVESPA: AMBV4, AMBV3; NYSE: ABV, ABVc), the world's fifth largest brewer and the leading brewer in Latin America, announces today its results for the second quarter 2007 (2Q07). The following financial and operating information, unless otherwise indicated, is presented in nominal Reais pursuant to Brazilian GAAP. AmBev's consolidated results are the sum of the three following business units: -- Brazil: comprised of (i) Beer Brazil; (ii) CSD & Nanc (Carbonated Soft Drinks and Nanc -- Non-Alcoholic, Non-Carbonated beverages); and (iii) Malt and By-Products Sales; -- Hispanic Latin America (HILA): comprising (i) AmBev's economic stake in Quinsa; and (ii) HILA-ex (which corresponds to AmBev's controlled operations in Northern Latin America); and -- North America: representing the operations of the Canadian Labatt Brewing Company Limited ("Labatt"). Half year figures will also be presented, although analysis will only be related to the quarterly performance. Comparisons, unless otherwise stated, refer to the second quarter 2006 (2Q06). Operating and Financial Highlights -- Consolidated EBITDA summed up to R$1,848.0 million (+16.5%). EBITDA margin reached 40.8% (+150 bps). -- Beer Brazil's EBITDA grew 11.0%, reaching a margin of 47.5%; AmBev market share reached 67.3% in 2Q07; and sales volume increased 4.6%. -- CSD & Nanc sales volume rose 10.4% in Brazil; EBITDA reached R$160.9 million, increasing 28.0%, reaching a margin of 33.7% (+230 bps). -- Quinsa total EBITDA grew 23.5% in American dollars, and average AmBev consolidation in Quinsa throughout the 2Q07 reached 100.0% (2Q06: 59.8%); EBITDA margin reached 35.7%. -- Labatt's EBITDA increased 12.9% in Canadian dollars, with EBITDA margin reaching 41.3%. -- Earnings per thousand shares dropped 3.2%. Excluding goodwill amortization the increase was 13.1%. Financial Highlights - AmBev Consolidated % % R$ million 2Q07 2Q06 Change 1H07 1H06 Change Net revenues 4,525.1 4,037.1 12.1% 9,180.1 8,006.9 14.7% Gross profit 2,963.7 2,688.9 10.2% 6,066.8 5,333.7 13.7% EBIT 1,526.7 1,216.6 25.5% 3,268.1 2,551.2 28.1% EBITDA excluding higher stake in Quinsa 1,772.0 1,586.3 11.7% 3,666.7 3,295.3 11.3% EBITDA (as reported) 1,848.0 1,586.3 16.5% 3,879.2 3,295.3 17.7% Net income 448.7 483.3 -7.2% 1,094.6 1,139.2 -3.9% No. of shares outstanding (millions) 62,299.8 64,986.8 -4.1% 62,299.8 64,986.8 -4.1% EPS (R$/000 shares) 7.20 7.44 -3.2% 17.57 17.53 0.2% EPS excl. goodwill amortization (R$/000 shares) 13.55 11.98 13.1% 30.29 26.57 14.0% EPS (US$/ADR) 0.37 0.34 8.8% 0.87 0.80 8.7% EPS excl. goodwill amortization (US$/ADR) 0.69 0.55 25.5% 1.49 1.22 22.1% Notes: (1) Average exchange rates between Reais and US Dollars used for 1Q07 and 1Q06 were R$2.10/US$ e R$2.20/US$, respectively. (2) The average exchange rates between Reais and Canadian Dollars used for 1Q07 and 1Q06 were R$1.80/CAD$ e R$1.89/CAD$, respectively. (3) Per share calculation is based on outstanding shares (total existing shares excluding shares held in treasury). (4) Values may not add up due to rounding. The full release is available at http://www.ambev-ir.com/ DATASOURCE: AmBev CONTACT: Fernando Tennenbaum, +55 11 2122-1415, or Isabella Amui, +55 11 2122-1414, or , both of AmBev Web site: http://www.ambev.com.br/ http://www.ambev-ir.com/

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