Molson Coors Beverage Company · NYSE:TAP
Molson Coors Beverage — Q3 2021 Earnings Presentation
22 slides from Molson Coors Beverage's earnings presentation, Oct 28, 2021
Slide 1: Q3 FY 2021 Results & Outlook
Q3 FY 2021 Results & Outlook October 28, 2021
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the U.S. federal securities laws. Generally, the words “believe,” "aims," “expect,” “intend,” “anticipate,” “project,” “will,” “outlook,” and similar expressions identify forward-looking statemen
Slide 3: Chief Executive Officer Gavin Hattersley
Chief Executive Officer Gavin Hattersley 3
Slide 4: Growing Our Biggest Brand In Our Largest Market
Growing Our Biggest Brand In Our Largest Market Coors Light is growing share of the total beer category in the United States. 4
Slide 5: Above Premium & Beyond Beer Segments
Globally, our Above Premium portfolio has surpassed 25% of total brand volume net sales revenue Molson Coors has grown share of the U.S. Above Premium segment for two straight quarters – for the first time in over five years Gaining traction in Sold nearly two million cases of Above Premium non-alco
Slide 6: Strengthening Presence In Canada & Europe
Strengthening Presence In Canada & Europe Growing share in Canada for the first time in 6 years and essentially returning to pre- pandemic revenue in the U.K. 6
Slide 7: Addressing Market Pressures
Challenge Response Addressing Inflation costs, including Cost savings programs; Long- higher transportation term contracts and a robust Market and input costs hedging program Pressures Global supply chain Expanding materials constraints impacting U.S. supplier base; Shipping shipments more beverages
Slide 8: On-Premise Recovery Driving Stronger Canada and Europe Performance
On-Premise Recovery Driving Stronger Canada and Europe Performance Canada Europe Improving share nationally for 8 months, Molson Ultra YTD national Our business has strongly bounced back with growth in Q3 behind Coors Light and volume up mid-single digits YOY UK margin surpasses pre-pandemic levels
Slide 9: Our Emerging Growth Portfolio Is Exceeding Expectations
Our Emerging Growth Portfolio is Exceeding Expectations ZOA La Colombe #1 new energy franchise in 2021 Early success with distribution and a Top 20 energy drink brand due to partnerships with large in the U.S. national retailers in the U.S. $1Billion* Revenue Ambition for our Emerging Growth busines
Slide 10: Our Above Premium Portfolio Is Gaining Share in the U.S.
Our Above Premium Portfolio Is Gaining Share in the U.S. Vizzy Topo Chico Hard Seltzer Yuengling Peroni Blue Moon LightSky Q3 volume grew 50% Holds #3 new product slot Our joint venture Up double-digits 96 percent and is now a Top in the general malt beverage launched in Texas this and gaining incre
Slide 11: Our Above Premium Share Is Growing Internationally
Our Above Premium Share Is Growing Internationally Vizzy & Six Pints Madri Pravha Coors Light Coors Seltzer Growing Doubled its distribution Performing above Growing with an Above Generating strong double-digits in goal for the year in expectations in Central Premium price point in market share in C
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Slide 13: Chief Financial Officer Tracey Joubert
Chief Financial Officer Tracey Joubert 13
Slide 14: Consolidated Third Quarter FY 2021 Results
Consolidated Third Quarter FY 2021 Results +1.0% * +3.6%* -10.9%* NSR NSR/HL – Underlying (constant currency) Brand Volume Basis EBITDA (constant currency) (constant currency) KEY TAKEAWAYS Underlying COGS/HL increased MG&A increased 3.5% in constant 8.9% in constant currency due to cost currency, d
Slide 15: North America Third Quarter FY 2021 Results
North America Third Quarter FY 2021 Results -2.1%* +2.4%* -14.3%* NSR NSR/HL – Underlying (constant currency) Brand Volume Basis EBITDA (constant currency) (constant currency) KEY TAKEAWAYS NSR/HL growth driven by net Underlying COGS/HL increased 7.3% pricing growth and favorable driven by inflation
Slide 16: Europe Third Quarter FY 2021 Results
Europe Third Quarter FY 2021 Results +14.7%* +11.0%* +2.7%* NSR NSR/HL – Underlying (constant currency) Brand Volume Basis EBITDA (constant currency) (constant currency) KEY TAKEAWAYS NSR/HL increased due to positive Underlying EBITDA increased brand, channel, geographic and with revenue growth part
Slide 17: Strengthening Our Balance Sheet
Strengthening 1. 2. 3. Our Lowered Repaid in full the Strong borrowing Balance Sheet our net debt to $1 billion 2.1% capacity with underlying senior notes approx. $1.5 EBITDA to 3.3x as maturing in July billion available of Q3 2021 2021 with a under our global quarter end vs. combination of credit f
Slide 18: Reaffirming Key Financial 2021 Guidance
Reaffirming Key Financial 2021 Guidance Full Year Outlook • Mid-single-digit net sales revenue growth, on a constant currency basis • Approximately flat underlying EBITDA compared to the prior year, on a constant currency basis ▪ Top-line growth to be offset by COGS inflationary headwinds, largely f
Slide 19: Capital Allocation Priorities
Capital Allocation Priorities Reduce Net Debt Reaffirm our target net debt to underlying EBITDA ratio to be approximately 3.25x by the end of 2021 and below 3.0x by the end of 2022 Invest in Return Cash to Our Business Shareholders Directed towards brewery Board of Directors reinstated a modernizati
Slide 20: Driving Toward Long-Term Revenue and Underlying EBITDA Growth
Driving Toward Long-Term Revenue and Underlying EBITDA Growth 20
Slide 21: Questions & Answers
Questions & Answers MOLSON COORS finvary
Slide 22: MOLSON -
MOLSON -
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