Anheuser-busch Inbev Sa/nv · EURONEXT:ABI

Anheuser-busch Inbev Sa/nv — Q2 2020 Earnings Presentation

24 slides from Anheuser-busch Inbev Sa/nv's earnings presentation, Jul 30, 2020

Slide 2: Legal Disclaimers
LEGAL DISCLAIMERS 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
Slide 5: The safety and well-being of our people remains our top priority
THE SAFETY AND WELL-BEING OF OUR PEOPLE REMAINS OUR 2Q20 TOP KEY MARKET TAKEAWAYS PRIORITY WE IMPLEMENTED STRINGENT SAFETY MEASURES FOR ALL FRONTLINE EMPLOYEES AND FOR ANY EMPLOYEES GRADUALLY RETURNING TO THE WORKPLACE IN MARKETS WHERE RESTRICTIONS ARE BEING LIFTED © AB InBev 2020 – All rights reser
Slide 6: Being part of the solution: supporting our communities
BEING PART OF THE SOLUTION: SUPPORTING OUR COMMUNITIES 2Q20OUR AND KEYCUSTOMERS MARKET TAKEAWAYS PRODUCED AND DONATED MILLIONS OF UNITS EMPOWERING THE 20,000 DIRECT WORKING WITH OUR ON-PREMISE PARTNERS TO OF HAND SANITIZERS, FACE SHIELDS AND WATER FARMERS IN OUR GLOBAL SUPPLY CHAIN SUPPORT A SAFE AN
Slide 7: 2Q20 Financial Summary
2Q20 2Q20FINANCIAL SUMMARY KEY MARKET TAKEAWAYS 2Q20 VOLUME TRENDS TOTAL VOLUMES -17.1% 0.7% • Own beer -17.2%, non-beer -15.5% TOTAL REVENUE -17.7% -21.4% • Revenue per hl -0.6% -32.4% • Global brands -16.6% and -12.6% outside of their home markets April May June EBITDA -34.1% AND EBITDA MARGIN CON
Slide 8: As markets begin to re-open, we have seen a gradual recovery in consumption
2Q20 AS KEY MARKET MARKETS TAKEAWAYS BEGIN TO RE-OPEN, WE HAVE SEEN A GRADUAL RECOVERY IN CONSUMPTION Brazil US China Mexico Europe South Africa Colombia Argentina Peru South Korea BREW & APRIL DISTRIBUTE ON-PREMISE STATUS ~ ~ BREW & DISTRIBUTE ~ MAY ON-PREMISE STATUS ~ ~ BREW & JUNE DISTRIBUTE ~ ~
Slide 9: 2Q20 Key Market Takeaways
2Q20 2Q20KEY KEYMARKET MARKETTAKEAWAYS TAKEAWAYS US: Healthy performance with stable market share, led by the success of Bud Light Seltzer and Michelob Ultra Mexico: Strong recovery following shut down of operations, with beer volume growth of high teens in June Colombia: Volume impacted by continui
Slide 11: Well-positioned to capture significant consumption growth in emerging markets
WE ARE WELL-POSITIONED TO CAPTURE SIGNIFICANT CONSUMPTION GROWTH IN EMERGING MARKETS PCC GROWTH POTENTIAL IN EMERGING MARKETS OUR FOOTPRINT IS WELL-BALANCED BETWEEN PRESENTS A SIGNIFICANT OPPORTUNITY DEVELOPED AND EMERGING MARKETS 70 Per Capita Beer Consumption (liters per capita) FY19 VOLUME FY19 R
Slide 12: Premiumization is another critical growth driver for beer
PREMIUMIZATION IS ANOTHER CRITICAL GROWTH DRIVER FOR BEER, AND WE ARE LEADING THE WAY, SUPPORTED BY THE HIGH END COMPANY THE HIGH END COMPANY IS GAINING SHARE WE ARE THE LEADER IN PREMIUM IN KEY MARKETS OF THE PREMIUM SEGMENT GLOBALLY In the countries in which The High End Company operates*, it has
Slide 13: BEES: our B2B platform provides an end-to-end customer experience
OUR B2B PLATFORM PROVIDES A TRULY END-TO-END CUSTOMER EXPERIENCE OUR B2B JOURNEY Physical Sales Visit Telesales App-based ordering BEES DIGITAL COMMUNICATIONS DIGITAL LOGISTICS ALGORITHMIC SELLING DELIVER TIMELY AND PERSONALIZED VISIBILITY ON DELIVERY ROUTE PREDICTIVE ORDERS AND INFORMATION TO CUSTO
Slide 14: The e-commerce channel is accelerating and our investments have positioned us well
THE E-COMMERCE CHANNEL IS ACCELERATING AND OUR INVESTMENTS HAVE POSITIONED US WELL TO CAPTURE GROWTH DIRECT-TO-CONSUMER OWNED PLATFORMS ARE WE CONTINUE TO DEVELOP PARTNERSHIPS WITH PROVIDING US WITH A STRUCTURAL ADVANTAGE MAJOR GLOBAL ONLINE RETAILERS OUR ONLINE DELIVERY PLATFORMS IN CHINA, WE GREW
Slide 15: We developed innovative ways to stay connected to our consumers
WE DEVELOPED INNOVATIVE WAYS TO STAY CONNECTED TO OUR CONSUMERS BRAZIL UNITED KINGDOM “LIVES”: A SERIES OF LIVESTREAM ONLINE CONCERTS BUDWEISER IS GIVING FANS THE OPPORTUNITY TO CHEER THAT GENERATED >675 MILLION VIEWS FOR THEIR FAVORITE TEAMS FROM OUR BILLBOARDS © AB InBev 2020 – All rights reserved
Slide 16: Positioned for a strong recovery
POSITIONED FOR A STRONG RECOVERY • We are optimistic about the future of the beer category, given its historic resilience and long-term growth potential • We are well-positioned to capitalize on this growth with a diverse geographic footprint, a successful premiumization strategy supported by the Hi
Slide 18: Our 2Q20 profit was impacted by one-off items
OUR 2Q20 PROFIT WAS IMPACTED BY ONE-OFF ITEMS 1. 2.5 Billion USD non-cash goodwill impairment charge: In view of the economic uncertainties caused by the COVID-19 pandemic, we performed an impairment review considering different scenarios: a base case, a best case and a worst case. No impairment was
Slide 19: We took proactive actions to manage liquidity and upcoming liabilities
WE TOOK PROACTIVE ACTIONS TO MANAGE LIQUIDITY & UPCOMING LIABILITIES MARCH - APRIL MAY - JUNE JULY STRENGTHEN LIQUIDITY IN A MAINTAIN LIQUIDITY BUFFER REDUCE LIQUIDITY BUFFER AND PERIOD OF HIGH UNCERTAINTY AS SITUATION EVOLVES MANAGE UPCOMING LIABILITIES AS VOLATILITY EASES • Drew down our 9.0 billi
Slide 20: Our bond maturity profile is well-distributed
OUR BOND MATURITY PROFILE IS WELL-DISTRIBUTED, DUE TO OUR PROACTIVE LIABILITY MANAGEMENT Pro forma AB InBev Bond Maturity Profile* Recent redemption transactions will reduce gross debt by ~4.7 billion USD USD millions *Represents full bond portfolio, before hedging, valuing all bonds at par as of 30
Slide 21: Our bond portfolio remains largely protected against interest rate and currency volatility
OUR BOND PORTFOLIO REMAINS LARGELY PROTECTED AGAINST INTEREST RATE AND CURRENCY VOLATILITY, HAS A LONG WEIGHTED AVERAGE MATURITY AND HOLDS NO FINANCIAL COVENANTS ~95% OF OUR DIVERSE CURRENCY MIX ADDRESSED UPCOMING VERY MANAGEABLE BOND PORTFOLIO REDUCES RISK MATURITIES TO PRE-TAX COUPON IS FIXED RATE
Slide 22: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES Our optimal capital structure calls for a Net Debt/EBITDA ratio of approximately 2x. 1. Organic growth: Investing in the organic growth of our business 2. Deleveraging: Deleveraging to around the 2x level remains our commitment 3. Selective M&A: Non-organic, external gr

Anheuser-Busch InBev — Q2 2020 Earnings Presentation on 6ix

Anheuser-busch Inbev Sa/nv — Q2 2020 Earnings Presentation

Slide 1: Second Quarter 2020 Results

Slide 2: Legal Disclaimers

Slide 3: Bringing People Together for a Better World

Slide 4: Agenda

Slide 5: The safety and well-being of our people remains our top priority

Slide 6: Being part of the solution: supporting our communities

Slide 7: 2Q20 Financial Summary

Slide 8: As markets begin to re-open, we have seen a gradual recovery in consumption

Slide 9: 2Q20 Key Market Takeaways

Slide 10: Positioned for a Strong Recovery

Slide 11: Well-positioned to capture significant consumption growth in emerging markets

Slide 12: Premiumization is another critical growth driver for beer

Slide 13: BEES: our B2B platform provides an end-to-end customer experience

Slide 14: The e-commerce channel is accelerating and our investments have positioned us well

Slide 15: We developed innovative ways to stay connected to our consumers

Slide 16: Positioned for a strong recovery

Slide 17: Financials

Slide 18: Our 2Q20 profit was impacted by one-off items

Slide 19: We took proactive actions to manage liquidity and upcoming liabilities

Slide 20: Our bond maturity profile is well-distributed

Slide 21: Our bond portfolio remains largely protected against interest rate and currency volatility

Slide 22: Capital Allocation Priorities

Slide 23: Q&A

Slide 24: Thank You