Heineken Nv · EURONEXT:HEIA
Heineken Nv — Q1 2024 Earnings Presentation
10 slides from Heineken Nv's earnings presentation, Apr 24, 2024
Slide 1: Heineken N.V. 2024 Q1 Trading Update
Heineken N.V. 2024 Q1 Trading Update Harold van den Broek, CFO
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with regards to the financial position and results of HEINEKEN’s activities, anticipated developments and other factors. All statements other than statements of historical facts are, or may
Slide 3: Encouraging start to 2024
Encouraging start to 2024 Continued focus on EverGreen priorities Sequential improvement in business performance, majority of markets holding or gaining share Quarter boosted by an earlier Easter and cycling negative one-off effects from last year Full year expectations unchanged 3
Slide 4: 2024 Q1 highlights
2024 Q1 highlights Net Revenue (beia) OG Net Revenue (beia) OG per hl +9.4% +4.9% Total Beer Volume OG Heineken® Volume OG +4.7% +12.9% 4 4
Slide 5: Top-line growth well-balanced
Top-line growth well-balanced Net Revenue (beia): +9.4% organic increase Net Revenue (beia) €m Organic increase €599m 327 -294 164 +6.0% 272 Price-Mix1 OG +4.3% Volume OG 6,847 6,378 Q1 2023 Total Volume Price-Mix Currency translation Consolidation impact Q1 2024 5 1. Price Mix on a constant geograp
Slide 6: Volume trend normalising
Volume trend normalising Beer volume organic growth % vs LY Premium Beer (Excl. Vietnam and Nigeria) Beer Beer (Excl. Vietnam and Nigeria) 0% 2023 2024 Q1 Q2 Q3 Q4 Q1 % of markets in growth >40% >25% >35% >50% >65% (Beer volume OG% vs LY) markets holding or gaining c.60% >50% >50% c.50% >2/3 market
Slide 7: 2024 Q1 Highlights
2024 Q1 Highlights % Organic growth versus last year Africa & Heineken N.V. Middle East Americas Asia Pacific Europe Net Revenue (beia) +9.4 +32.9 +6.5 +11.3 +0.4 Price Mix1 +6.0 +26.7 +3.4 +3.1 +1.7 Consolidated beer volume +4.7 +3.5 +5.0 +9.4 +1.6 1 Price mix on a constant geographic basis 7
Slide 8: 2024 Q1 Heineken performance
2024 Q1 Heineken performance ® Heineken® Heineken® 0.0 +12.9% +18.6% Volume growth Volume growth Heineken® Silver Double-digit growth >30 +56.3% markets Volume growth 8
Slide 9: Our EverGreen growth algorithm
Our EverGreen growth algorithm Strengths & Long-term value opportunities Sustainability creation Responsibility People 9
Slide 10: Thank you Q&A
Thank you Q&A 10