Global Weather Tracker: June 2026

研报英文原文证据摘录

Global Weather Tracker: June 2026

EUROPE | Beverages EquityJulyResearch2, 2026

Exhibit 1 - In June weather improved in SGlobal Weather Tracker: June 2026

America, APAC and worsened in the rest of

June saw improved weather only in S America and APAC, with less regionsWeather Score

71favourable conditions in the other regions. At this time, weather becomes 70 67

54 50 56 50

50increasingly more important for Northern Hemisphere given summer, a 62 63 45 44

period of peak trading. We see a favourable set-up for beer stocks with 4030 33

potential for a re-rating as investor confidence in compounding potential 2010

Africa APAC Eastern Europe North America South America Western Europe

increases. See recent trilogy on the future of alcohol here, here, and here. Jun-25 Jun-26

.

Source: Jefferies, WeatherSource

How to use this report? (1) Our proprietary Global Weather Trend Index provides a real-

time, global snapshot of weather trends across 56 markets, incorporating temperature, Exhibit 2 - Globally, in June Arca, CCU and KOF

precipitation, and hours of sunshine for >95% of our coverage's sales. (2) Our Weather Score saw the most favourable conditions, FEVR,

CCH and Ambev the worst

Index attributes this data to each company's sales exposure to derive a company weather Country-weighted weather score

80score. (3) Comp analysis – through analysis of historical weather scores by country and 70 67 71

56 55

52 50 48 46 45 44company, we can identify where the easy/tough weather comps lie and how best to be 6050 42 43 41 42 41 42 40 41 40 40 44 39 46 38 45 37 36 35 40

26 30 22positioned. 20 21

Arca CCU KOF ABI DGE RBREW CCEP HEIA CARLB CPR Andina RI RCO FEVR CCH AmbevWhat are the key conclusions? June by country/region. Best weather India (100), Peru (83), 0