Heineken Nv · EURONEXT:HEIA
Heineken Nv — Q1 2023 Earnings Presentation
10 slides from Heineken Nv's earnings presentation, Apr 20, 2023
Slide 1: Heineken N.V. 2023 First Quarter Trading Update
Heineken N.V. 2023 First Quarter Trading Update Harold van den Broek, CFO
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with regard 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: Strong topline growth in 1Q23 despite external volatility
Strong topline growth in 1Q23 despite external volatility ▪ Strong revenue growth, driven by pricing and Growth disciplined revenue management, while we materially increase investment behind our brands ▪ Performance in Europe and Americas encouraging, Capital Profitability efficiency albeit early to
Slide 4: 2023 Q1 highlights
2023 Q1 highlights % OG vs LY Africa, Heineken N.V. Middle East & Eastern Europe Americas Asia Pacific Europe Net Revenue (beia) +8.9 +3.6 +14.8 -5.4 +13.5 Price Mix1 +12.1 +14.4 +13.6 +4.7 +13.6 Consolidated beer volume -3.0 -8.3 +3.4 -10.5 -2.3 Heineken® volume +2.3 -23.9 +10.3 +16.3 -4.3 1 Price
Slide 5: 2023 Q1 Heineken performance
2023 Q1 Heineken performance ® Heineken® Heineken® 0.0 +5.7% (Volume growth +6.9% (Volume growth excl. Russia) excl. Russia) Heineken® Silver Double-digit growth >25 +47% Markets Volume growth 5
Slide 6: We look forward to welcoming Distell and NBL colleagues
We look forward to welcoming Distell and NBL colleagues into our Southern African beverage champion* *Transaction expected to close next week, April 26th
Slide 7: Creating a Southern African total beverage champion
Creating a Southern African total beverage champion Strategic rationale Strengthen our #2 position in South Africa Acquire beer market leader in Namibia Operating Companies Diverse portfolio with Joint Venture / Associates innovation capability Licensed market Export Generate significant Newco1 mark
Slide 8: Consolidation focus
Consolidation focus 65% of Newco from 1st May 2023 1 Illustrative contribution2 €bn % Gross Revenue +1.6 +4.7 Net revenue +1.1 +3.9 Operating profit +0.16 +3.6 Net profit +0.05 +1.7 Diluted EPS (in €) +0.08 +1.7 1 New unlisted company incorporated and headquartered in South Africa. 2 Illustrative co
Slide 9: Full year expectations unchanged
Full year expectations unchanged What to navigate Momentum and focus areas • Temporary economic volatility leading to • Strong revenue growth continues, led by consumer softness in Vietnam and Nigeria pricing • Consumer disposable income remains under • Encouraging resilience of the European pressur
Slide 10: Q&A
Q&A 10