Anheuser-Busch InBev SA/NV · EURONEXT:ABI
Anheuser-Busch InBev SA/NV — Investor Day (2023)
15 slides from Anheuser-Busch InBev SA/NV's investor day presentation, 2023
Slide 1: David Almeida, Chief Strategy and Technology Officer
DAVID ALMEIDA C H I E F S T R AT E G Y A N D T E C H N O LO G Y O F F I C E R
Slide 2: Legal disclaimer
Legal disclaimer Certain statements contained in these materials are not statements of historical fact constitute forward-looking statements, notwithstanding that such statements are not specifically identified. Forward-looking statements are not guarantees of future performance. Rather, they are ba
Slide 3: My career in ABI
MY CAREER IN ABI 1998 2005- 2 0 0 6 2008- 2 0 1 5 2020- PR ES E NT J O I N E D C F O O F A P A C C F O C H I E F S T R A T E G Y & A B I T E C H N O L O G Y F A M I L Y V P , S A L E S O F F I C E R 1998- 2 0 0 5 2006- 2 0 0 8 2015- 2 0 2 0 R O L E S I N F I N A N C E V P , G L O B A L M & A C H I E
Slide 4: Our evolved and simplified strategy
Priority geographic Clusters Our evolved and simplified strategy Category Expansion Model 1 2 3 4 5 Category Core Occasions Beyond Premiumization Participation Superiority Development Beer
Slide 5: Beer + Beyond Beer Consumption: category expansion levers across clusters
Our category expansion levers apply across all geographic clusters… ACCEPT FORMALIZE SOCIALIZE ROUTINIZE SOPHISTICATE EMERGING DEVELOPING DEVELOPED Beyond Beer Beer + Beyond Beer Consumption Premiumization Occasions Development Core Superiority Category Participation Market Maturity Score Gray dots
Slide 6: Beer + Beyond Beer Consumption across market maturity stages
…and has enabled us to lead and grow the category across all stages of market maturity ACCEPT FORMALIZE SOCIALIZE ROUTINIZE SOPHISTICATE EMERGING DEVELOPING DEVELOPED Beer + Beyond Beer Consumption Market Maturity Score Gray dots indicate positioning of individual markets within ABI footprint
Slide 7: Each geographic cluster with clearly defined roles
Each geographic clusters with clearly defined roles Developing Developed Emerging Markets China Markets Markets % category 33% 22% 14% 32% growth % volume 53% 13% 25% 9% % EBITDA 54% 9% 30% 7% ABI share 70%+ ~45%(1) ~40% ~40%(2) Size of prize Growth projected across all Middle-income households 2X+
Slide 8: China
% volume % EBITDA China 13% 9% THE OPPORTUNITY OUR STRENGTHS Number of middle-income and higher Share of Prem & SP segment in households in China China 2x vs the US 172M 45% 43M 7M 2010 2019 2030 Source: Nielsen, Euromonitor and World Economic Forum (WEF), Source: Company data; financials as of June
Slide 9: Developed Markets
% volume % EBITDA Developed Markets 25% 30% THE OPPORTUNITY OUR STRENGTHS Developed Markets Cash Conversion Developed Markets ‘22-’27 CAGR Ratio(1) Above Core % volume ~70% ~40% 6% ~50% ~30% Beer Category ABI CPG 2017 2022 value growth Developed average(2) Markets Source: Euromonitor (includes Beer
Slide 10: Emerging Markets
% volume % EBITDA Emerging Markets 9% 7% THE OPPORTUNITY OUR STRENGTHS 3rd largest Budweiser Emerging Markets ‘22-’27 CAGR market outside of US by volume 4.4% 3X Share of Prem & SP segment in India 1.5% 67% Population Beer PCC 2017 LTM-23 Growth Growth Source: Euromonitor (includes Beer and Beyond B
Slide 11: Developing Markets
% volume % EBITDA Developing Markets 53% 54% THE OPPORTUNITY OUR STRENGTHS Developing Markets cluster Share in Developing Markets cluster $27 Bn ABI Net Revenue (LTM-Jun ‘23) 40% ABI EBITDA margin (LTM-Jun ‘23) ~70% 4%+ Beer category volume growth (’22-27 CAGR) Source: Euromonitor (includes Beer and
Slide 12: Maintaining leadership
% volume % EBITDA Developing Markets 53% 54% Maintaining resilience across key markets despite evolving competitive environment BRAZIL MEXICO SOUTH AFRICA Market Share Volume SHARE WINNING SHARE WINNING 2017 2018 2019 2020 2021 2022 LTM ’23 2017 2018 2019 2020 2021 2022 LTM ’23 2017 2018 2019 2020 2
Slide 13: Track record of consistent growth
% volume % EBITDA Developing Markets 53% 54% Track record of consistent growth NR/HL growth Org. EBITDA growth despite Consistent volume growth ahead of CPI cost escalations ~10% ~9% ~9% CAGR ~5% ~3% ABI volume Beer category ABI NR/HL CPI 2019 2020 2021 2022 ’19-’22 CAGR ’19-’22 CAGR ’19-’22 CAGR ’1
Slide 14: Results
% volume % EBITDA Developing Markets 53% 54% Consistent execution of replicable growth driver translates into consistent results Brazil Mexico South Africa Colombia Argentina Peru Ecuador Category expansion levers - Category Participation - Core Superiority L&G - Occasions Development - Premiumizati
Slide 15: Key takeaways
1 • CLEAR AND PROVEN STRATEGY Key 2 • EXECUTION AT SCALE 3 • ENABLED BY REPLICABLE TOOLKITS 4 • LARGE AND RESILIENT DEVELOPING MARKETS BUSINESS