Overview

Bevco Lux S.à r.l. (Bevco Lux) is an investment company owned by the Santo Domingo Group (SDG).

Bevco Lux’s business model is to invest directly, primarily but not limited to, in global companies engaged in a range of businesses including among others the consumer goods sector, seeking to create long term shareholder value through a blend of capital appreciation and generation of income.

Bevco Lux’s portfolio includes SDG’s minority interests in publicly traded investment securities and private investment securities;

Investment segments
(% investment portfolio
value)

As of June 30, 2026

Publicly traded investment securities Private investment
securities

82%

AB InBev

Global leading brewer

3%

Other publicly traded
investment securities

Diversified minority interests
in public companies

15%

Private investment
securities & partnerships

Diversified minority interests
in private companies

Source: Bevco Lux S.à r.l. interim condensed financial statements for the period ended June 30, 2026.

Key Highlights

Bevco Lux is one of a very limited number of investment grade-rated investment holding companies in Europe. Bevco intends to manage its portfolio and capital structure to preserve metrics consistent with investment grade rating whilst continuing to have access to European debt capital markets.

Investment company profile

As of June 30, 2026

€ 9.2 bn
Total AUM
High Quality
Investment portfolio
€ 1.1 bn (1)
Total net debt
Baa2 (Stable)
Moody's rating
Key credit metrics

As of June 30, 2026

12.0 % (2)
LTV
5.3 x (2,3)
ICR
9.3 x (2)
LR

(1) Excludes preferred equity certificates of €178 million.
(2) Bevco Lux S.à r.l. June 30, 2026.
(3) The ICR ratio excludes 'Net changes in fair value of investment' to maintain consistency with prior years' reporting. This approach better reflects the company's actual ability, from a cash flow perspective, to cover the interest expenses due over a 12-month period.
Source: Bevco Lux S.à r.l. interim condensed financial statements for the period ended June 30, 2026.