Slide 1: Q1 2013 Trading Update Heineken N.V.
Q1 2013 Trading Update Heineken N.V. René Hooft Graafland Member of the Executive Board/CFO 24 April 2013 | Heineken NV
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements with regard to the financial position and results of HEINEKEN’s activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forwar
Slide 3: Q1 2013 key highlights
Q1 2013 key highlights Group beer volume declined organically by 2.7%, reflecting: One-less trading day Strong growth in comparable prior year quarter Volatile global economy Unfavourable weather conditions in several key markets Effect of destocking in France and USA Revenue increased 8.1%; Organic
Slide 4: Region overview
Region overview GROUP BEER VOLUME 1 Organic (mhl) Q1 2013 Q1 2012 Change (%) Change (%) Africa & the Middle East 6.9 7.3 -4.3% -4.3% The Americas 14.3 14.6 -1.7% -2.4% Asia Pacific 6.9 7.0 -2.1% 8.0% Central & Eastern Europe 10.1 10.4 -3.0% -3.0% Western Europe 8.5 9.2 -8.6% -8.7% HEINEKEN GROUP 46.
Slide 5: APB markets delivering strong growth
APB markets delivering strong growth APB markets grew in the low-double digits in Q1 2013 Key APB markets - Q1 2013 volume growth THAILAND CHINA Mid-single High-single digits digits SRI LANKA VIETNAM High-single Double digits digits MALAYSIA CAMBODIA Double Low-single digits digits SINGAPORE PAPUA N
Slide 6: Revenue +8.1%; organic revenue -2.7%
Revenue +8.1%; organic revenue -2.7% Revenue 4800 (in €m) -0.9% 4400 11.7% -4.5% 1.8% 4,145 4000 3,834 3600 3200 -2.7% organic 2800 2400 2000 Q1 2012 Cons. Forex transl. Total Cons. Rev/hl Q1 2013 Volume 6
Slide 7: Heineken brand performance reflects strong comparative growth in prior year quarter
Heineken® brand performance reflects strong comparative growth in prior year quarter Heineken® premium volume Quarterly growth rates (%)1 8.5% Successful introduction of the new ‘Star’ 6.0% bottle in the key USA and Dutch markets 3.8% 3.5% “The Final” aired in 37 markets Cumulative impact of destock
Slide 8: New 'Radler' brand line extensions
New ‘Radler ‘Radler’ Radler’ brand line extensions ‘Double the refreshment’ Spain Belgium Finland Greece Portugal UK Switzerland Netherlands Italy 8
Slide 9: 2013 Full Year Outlook
2013 Full Year Outlook Challenging trading conditions in austerity affected markets in Europe and inflationary pressures in Nigeria are expected to continue to impact volume development for the balance of year leading to a moderation in organic growth expectations for the full year. Overall, HEINEKE
Slide 10: Question & Answer
Question & Answer Question & Answer Question & Answer & Answer Question & Answer 24 April 2013 | Heineken NV
Slide 11: IAS19 impact on financials
IAS19 impact on financials FY 2012 Restatement F I N ANCI AL 2012 FY 2013 Expected Impact1 (€ million) I M P ACT R E S TA TED (€ million) Impact to EBIT (beia) +6 2,918 Impact to EBIT (beia) -41 Reclassification to Reclassification to -51 -57 ‘Other Net Finance Costs’ ‘Other Net Finance Costs’ Taxat