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<url><loc>https://stock.noler.com/us/stock/abev/insurance-finance-income-expenses</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/intangible-assets-other-than-goodwill</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/intangible-assets-with-indefinite-useful-life</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-expense-on-bank-loans-and-overdrafts</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-expense-on-financial-liabilities-designated-at-fair-value-through-profit-or-loss</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-expense-on-lease-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-income-on-cash-and-cash-equivalents</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-income-on-financial-assets-held-for-trading</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-income-on-other-financial-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-paid-classified-as-operating-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/interest-received-classified-as-operating-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/inventories</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/investments-in-associates</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/iran-activity-notices-irannotice</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/issue-of-equity</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/issued-capital</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/key-management-personnel-compensation</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/key-management-personnel-compensation-share-based-payment</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/key-management-personnel-compensation-shortterm-employee-benefits</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/late-filing-notices-nt-10-k</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/lease-and-sublease-payments-recognised-as-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/liability-asset-of-defined-benefit-plans</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/longterm-borrowings</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/market-cap</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/material-contracts</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/minimum-finance-lease-payments-payable</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/net-debt</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/net-deferred-tax-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/net-deferred-tax-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/net-foreign-exchange-loss</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/net-margin</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/news</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncontrolling-interests</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-derivative-financial-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-derivative-financial-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-financial-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-heldtomaturity-investments</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-payables</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-payables-to-related-parties</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-payables-to-trade-suppliers</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-provisions</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-provisions-for-employee-benefits</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-receivables-from-taxes-other-than-income-tax</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/noncurrent-recognised-assets-defined-benefit-plan</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/notional-amount</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/number-of-outstanding-share-options</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/number-of-share-options-exercised-in-share-based-payment-arrangement</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/number-of-share-options-expired-in-share-based-payment-arrangement</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/number-of-share-options-granted-in-share-based-payment-arrangement</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/number-of-shares-outstanding</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/oci-net-of-tax-cash-flow-hedges</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/oci-net-of-tax-exchange-differences-on-translation</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/oci-net-of-tax-gains-losses-on-remeasurements-of-defined-benefit-plans</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/oci-net-of-tax-gains-losses-on-revaluation</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/oci-that-will-not-be-reclassified-to-profit-or-loss-net-of-tax</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/operating-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/operating-margin</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/options-activity</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-adjustments-for-noncash-items</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-cash-payments-to-acquire-equity-or-debt-instruments-of-other-entities-classified-as-investing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-comprehensive-income</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-current-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-employee-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-expense-by-nature</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-finance-cost</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-finance-income</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-financial-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-noncurrent-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-operating-income-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-property-plant-and-equipment</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/other-tax-effects-for-reconciliation-between-accounting-profit-and-tax-expense-income</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/outstanding-bonds</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/patents-active</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/payments-of-finance-lease-liabilities-classified-as-financing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/payments-of-lease-liabilities-classified-as-financing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/payments-to-acquire-or-redeem-entitys-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/pb-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/pe-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/plan-assets-at-fair-value</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/postemployment-benefit-expense-defined-benefit-plans</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/postemployment-benefit-expense-defined-contribution-plans</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/pre-tax-margin</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/preferred-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/previous-etf-holding-it</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/price-fcf-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/proceeds-from-borrowings-classified-as-financing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/proceeds-from-current-borrowings</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/proceeds-from-disposals-of-property-plant-and-equipment-intangible-assets-other-than-goodwill-investment-property-and-other-noncurrent-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/proceeds-from-issue-of-ordinary-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/proceeds-from-noncurrent-borrowings</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/proceeds-from-sale-or-issue-of-treasury-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/proceeds-from-sales-of-interests-in-associates</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/profit-breakdown</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/profit-loss</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/profit-loss-attributable-to-noncontrolling-interests</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/profit-loss-attributable-to-ordinary-equity-holders-of-parent-entity</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/profit-loss-attributable-to-owners-of-parent</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/profit-loss-before-tax</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/profit-loss-from-operating-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/property-plant-and-equipment</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/provision-used-other-provisions</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/provisions</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/ps-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/purchase-of-property-plant-and-equipment-classified-as-investing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/purchase-of-property-plant-and-equipment-intangible-assets-other-than-goodwill-investment-property-and-other-noncurrent-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/purchases-of-goods-related-party-transactions</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/quick-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/raw-materials</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/recognised-liabilities-defined-benefit-plan</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/repayments-of-borrowings-classified-as-financing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/repayments-of-current-borrowings</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/repayments-of-noncurrent-borrowings</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/retained-earnings</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/return-on-plan-assets-net-defined-benefit-liability-asset</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/return-on-tangible-equity</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/revenue</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/revenue-breakdown</loc></url>
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<url><loc>https://stock.noler.com/us/stock/abev/revenue-from-royalties</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/revenue-from-sale-of-goods</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/revenue-from-sale-of-goods-related-party-transactions</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/rightofuse-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/risk-exposure-associated-with-instruments-sharing-characteristic</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/roa</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/roe</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/roi</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/sales-and-marketing-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/scorecard</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/sec-comment-letters-upload</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/sec-enforcement-actions</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/sec-filings-10-q</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/sec-filings-25-nse</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/sec-filings-8-k</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/sec-filings-px14a6g</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/sec-filings-s-4</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/secondary-offerings</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/share-of-profit-loss-of-joint-ventures-accounted-for-using-equity-method</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/shares-outstanding</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/short-sale-volume</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/shortterm-deposits-classified-as-cash-equivalents</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/shortterm-employee-benefits-accruals</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/social-security-contributions</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/spare-parts</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/stock-issued</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/stock-splits</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/subsidiaries</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/surplus-deficit-in-plan</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-benefit-arising-from-previously-unrecognised-tax-loss-tax-credit-or-temporary-difference-of-prior-period-used-to-reduce-deferred-tax-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-effect-from-change-in-tax-rate</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-effect-of-expense-not-deductible-in-determining-taxable-profit-tax-loss</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-effect-of-foreign-tax-rates</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-effect-of-impairment-of-goodwill</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-effect-of-revenues-exempt-from-taxation-2011</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-effect-of-tax-losses</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-expense-income-at-applicable-tax-rate</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/tax-expense-other-than-income-tax-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/total-assets</loc></url>
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<url><loc>https://stock.noler.com/us/stock/abev/trade-and-other-current-payables</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/trade-and-other-current-payables-to-related-parties</loc></url>
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<url><loc>https://stock.noler.com/us/stock/abev/trade-and-other-current-receivables</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/trade-and-other-current-receivables-due-from-related-parties</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/trade-and-other-payables</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/treasury-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/unused-provision-reversed-other-provisions</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/wages-and-salaries</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/weighted-average-fair-value-at-measurement-date-share-options-granted</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/weighted-average-remaining-contractual-life-of-outstanding-share-options</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/weighted-average-share-price-share-options-granted</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/weighted-average-share-price-share-options-granted-2019</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/weighted-average-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/work-in-progress</loc></url>
<url><loc>https://stock.noler.com/us/stock/abev/writedowns-reversals-of-inventories</loc></url>
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