Anheuser-busch Inbev Sa/nv · EURONEXT:ABI
Anheuser-busch Inbev Sa/nv — Q3 2020 Earnings Presentation
24 slides from Anheuser-busch Inbev Sa/nv's earnings presentation, Oct 29, 2020
Slide 1: 3Q20 results
3Q20 results 29 OCTOBER 2020
Slide 2: Legal disclaimer
Legal disclaimer Certain statements contained in this report that are not statements of historical fact constitute forward-looking statements, notwithstanding that such statements are not specifically identified. In addition, certain statements may be contained in the future filings of the Company w
Slide 3: Bringing people together for a better world
Bringing people together for a better world
Slide 4: Agenda
Agenda 3Q20 results & key takeaways Innovation at AB InBev Financials Q&A © AB InBev 2020 – All rights reserved | 4
Slide 5: 3Q20 results & key takeaways
3Q20 results & key takeaways © AB InBev 2020 – All rights reserved | 5
Slide 6: Financial summary
3Q20 RESULTS & KEY TAKEAWAYS Financial summary 1.9% Total volumes +1.9% Volume Own beer +2.6% and Non-beer -2.5% -9.3% -17.1% 1Q20 2Q20 3Q20 Total revenue +4.0% Revenue per hl +2.3% Global brands +6.8% 4.0% Global brands +8.1% outside of their home markets Revenue -5.8% -17.7% EBITDA -0.8% 1Q20 2Q20
Slide 7: Key market takeaways
3Q20 RESULTS & KEY TAKEAWAYS Key market takeaways US Europe Strong top and bottom-line growth driven by the Healthy growth led by premiumization, though consistent implementation of our commercial strategy renewed restrictions give us caution into year-end Mexico South Africa Strong top and bottom-l
Slide 8: Global brand portfolio
3Q20 RESULTS & KEY TAKEAWAYS Global brand portfolio 3Q20 revenue +6.8% and +8.1% outside of home markets +8.2% +12.1% +5.3% 3Q20 revenue 3Q20 revenue 3Q20 revenue outside the US outside Belgium outside Mexico Strong performance as Stella Artois Top-line growth led by Growth delivered in the invited
Slide 9: Delivering strong results in a challenging environment
3Q20 RESULTS & KEY TAKEAWAYS Delivering strong results in a challenging environment Successful commercial strategy Operational excellence and agility, A resilient category with consumers backed by best-in-class brands driving market share gains adjusting to the new normal © AB InBev 2020 – All right
Slide 10: Scaling new capabilities to create value for customers & consumers
3Q20 RESULTS & KEY TAKEAWAYS Scaling new capabilities to create value for customers & consumers Digitizing customer Investments in direct-to-consumer Finding new ways for our brands relationships e-commerce platforms paying off to connect with consumers © AB InBev 2020 – All rights reserved | 10
Slide 11: Innovation at AB InBev
Innovation at AB InBev © AB InBev 2020 – All rights reserved | 11
Slide 12: Innovation at AB InBev is rooted in key principles
INNOVATION AT AB INBEV Innovation at AB InBev is rooted in 4 key principles 1 2 3 4 Superiority Sustainability Scalability Incrementality Develop a superior Long-term trends Address big consumer Engage new consumers, value proposition going to where consumer problems that can new occasions and new s
Slide 13: We have best-in-class innovation fundamentals
INNOVATION AT AB INBEV We have best-in-class innovation fundamentals Innovation framework rooted in Innovation process based on eliminating uncertainty consumer-centricity and portfolio differentiation early and scaling big bets globally Consumer-Centric Seed & Learn Rapid consumer testing via in-ma
Slide 14: Creating differentiated solutions that address consumer problems
INNOVATION AT AB INBEV Creating differentiated solutions that address consumer problems Behavioral Megatrend Consumer Opportunity Innovation Everyday indulgences that upgrade the Double Malt Territory routine Premium Treat themselves to a fruity and sweet drink that is convenient RTDs Pleasure of dr
Slide 15: Driving momentum with highly successful launches
INNOVATION AT AB INBEV Driving momentum with highly successful launches Leader of Brazil Core Plus Developed with the government to support #1 Innovation in USA YTD segment in 5 months and develop local farmers in Ecuador >75% of volume is incremental First brand to deliver a pure malt product Drivi
Slide 16: Innovation is meaningfully driving growth
INNOVATION AT AB INBEV Innovation is meaningfully driving growth Innovation contribution to our results is accelerating Our share of innovation in key markets is growing AB InBev share of innovation volume, accounting for all innovations ~$5B launched in each market in last rolling 36 months (“R36”)
Slide 17: Positioned for a strong recovery
Positioned for a strong recovery • Diverse geographic footprint with access to high-growth regions • Clear commercial strategy • World’s most valuable portfolio of beer brands • Industry-leading profitability • Talented team of true owners © AB InBev 2020 – All rights reserved | 17
Slide 18: Financials
Financials © AB InBev 2020 – All rights reserved | 18
Slide 19: Leading the way on sustainable development: UNGA 2020
Leading the way on sustainable development: UNGA 2020 10 leaders from AB InBev engaged in the agenda-setting Our CFO, Fernando Tennenbaum, joined the UN Global events surrounding the UN General Assembly Compact CFO Task Force as a founding member AB InBev moved the conversation forward on material i
Slide 20: Bond maturity profile
FINANCIALS Bond maturity profile Well-distributed due to our proactive liability management 14,000 Since 30 June 2020, we successfully redeemed ~11.4 billion USD of near-term debt 12,000 in line with our deleveraging commitments 10,000 8,000 6,000 4,000 2,000 0 20 21 22 23 24 25 26 27 28 29 30 31 32
Slide 21: Bond portfolio largely protected against interest rate volatility
FINANCIALS Our bond portfolio is largely protected against interest rate volatility, with long-weighted average maturity and no financial covenants Addressed upcoming 96% of our bond Diverse currency mix Very manageable maturities to eliminate portfolio is fixed rate reduces risk pre-tax coupon near
Slide 22: Capital allocation priorities
FINANCIALS Capital allocation priorities Our optimal capital structure calls for a Net Debt/EBITDA ratio of approximately 2x Organic growth 1 Investing in the organic growth of our business Deleveraging 2 Deleveraging to around the 2x level remains our commitment Selective M&A 3 Non-organic, externa
Slide 23: Q&A
Q&A © AB InBev 2020 – All rights reserved | 23
Slide 24: Thank you
Thank you