Anheuser-busch Inbev Sa/nv · EURONEXT:ABI

Anheuser-busch Inbev Sa/nv — Q4 2021 Earnings Presentation

38 slides from Anheuser-busch Inbev Sa/nv's earnings presentation, Feb 24, 2022

Slide 1: 4Q21 Results
4Q21 Results February 24, 2021
Slide 2: Forward-looking statements 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 with the competent
Slide 3: Agenda
Agenda 01 Operating performance highlights 02 Update on our strategic pillars • Lead and grow the category New Picture, more clear • Digitize and monetize that it is our our ecosystem brand • Optimize our business 03 Meeting the moment in 2022 04 Q&A © AB InBev 2022 – All rights reserved | 3
Slide 5: 4Q21 operating performance
4Q21 operating performance Accelerating Revenue per hl Growth Total volumes +3.6 % with revenue management initiatives implemented across key markets Own beer +3.4 % and non-beer +3.8 % 8.1% Total revenue +12.1 % Revenue per hl +8.1 % 5.5% 4.5% EBITDA +5.0 % 3.1% EBITDA margin of 34.4 % Normalized E
Slide 6: FY21 operating performance
FY21 operating performance Total volumes +9.6 % Own beer +9.7 % and non-beer +8.7 % Total revenue +15.6 % Revenue per hl +5.5 % EBITDA +11.8 % EBITDA margin of 35.4 % Normalized EPS of $2.85 Underlying EPS of $2.88 Net debt to EBITDA ratio of 3.96x as of 31 Dec 2021 Proposed FY21 dividend of €0.50 p
Slide 7: FY21 key market takeaways
FY21 key market takeaways United States Europe Third consecutive year of top-line growth Top-line recovered to pre-pandemic levels South Africa Mexico Top-line growth and market share ahead of pre- Double-digit top- and bottom-line growth pandemic levels China Colombia Double digit top- and bottom-l
Slide 9: 3 themes 8 strategic ESG priorities
A strong ESG agenda is vital to our future 3 themes that capture the shared prosperity our company brings to the world 8 strategic ESG priorities that deliver on our strategy © AB InBev 2021 – All rights reserved | 9
Slide 10: Making meaningful progress on our ESG priorities
Making meaningful progress on our ESG priorities Climate Water Stewardship Smart Drinking & Moderation Announced our ambition to achieve Named to CDP’s Water A List for the Reached goal to put voluntary net zero across our value third year in a row guidance labels on 100% of our chain by 2040 primar
Slide 11: Making meaningful progress on our ESG priorities
Making meaningful progress on our ESG priorities Sustainable Agriculture & 2021 ESG report Diversity & Inclusion Entrepreneurship Recognized in the inaugural ranking of 2021 Reuters Events Responsible Learn more about our progress the Forbes World’s Top Female Friendly Business Award winners: in our
Slide 14: Lead and grow the category: all-time high volume
Lead and grow the category: all-time high volume Rolling twelve months volume, millions of hl 582 576 571 561 561 559 560 557 557 556 557 556 557 557 556 554 549 547 531 528 525 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 © AB InBev 2022 –
Slide 15: Lead and grow the category: 5 category expansion levers
Lead and grow the category: 5 category expansion levers 1 2 3 4 5 Inclusive Category Core Superiority Occasions Premiumization Beyond Beer Development Inclusive brands grew Mainstream portfolio Non-alcoholic beer grew Premium brands grew Beyond Beer portfolio revenue by double-digits delivered 10% r
Slide 16: Premiumization: Global brands delivered 22.9% revenue growth in FY21
4 Premiumization: Global brands delivered 22.9% revenue growth in FY21 Outside of their home markets, where they command a premium price vs. 4Q20 vs. FY20 vs. 4Q20 vs. FY20 vs. 4Q20 vs. FY20 +15.2% +20.0% +19.3% +20.0% +42.4% +30.4% 4Q21& FY21 revenue outside the US 4Q21 & FY21 revenue outside Belgi
Slide 17: Lead and grow the category: 5 category expansion levers
Lead and grow the category: 5 category expansion levers 1 2 3 4 5 Inclusive Category Core Superiority Occasions Premiumization Beyond Beer Development Inclusive brands grew Mainstream portfolio Non-alcoholic beer grew Premium brands grew Beyond Beer portfolio revenue by double-digits delivered 10% r
Slide 18: Innovation delivered 10% of revenue, supporting category expansion
Innovation delivered 10% of revenue, supporting category expansion Innovation contributed over $5B of revenue Inclusive Category Core Superiority Occasions Premiumization Beyond Beer © AB InBev 2022 – All rights reserved | 18
Slide 19: Growing share of innovation in key markets
Growing share of innovation in key markets US Brazil China Colombia Mexico UK Belgium Argentina 2020 R36 26% 67% 19% 82% 58% 37% 58% 68% 2021 R36 27% 74% 20% 84% 66% 39% 80% 62% USA: R36 2021 FY : IRI / Brazil: R36 2021 FY: Nielsen / China: R36 SEP 2021:Nielsen / Colombia: R36 2021 FY: Nielsen / Mex
Slide 20: Cannes Lions honored ABI as Creative Marketer of the Year
Cannes Lions honored ABI as Creative Marketer of the Year ABI won an all-time high 40 awards at 2021 Cannes Lions Festival 40 23 20 8 6 2016 2017 2018 2019 2020/21 © AB InBev 2022 – All rights reserved | 20
Slide 21: Digitize and monetize our ecosystem
3 1 Optimize our Lead and grow Digitize and business the category monetize our 2 ecosystem Digitize and monetize our ecosystem © AB InBev 2022 – All rights reserved | 21
Slide 22: Best-in-class platform of innovative technology products
Best-in-class platform of innovative technology products B2B Software & Fintech Services Direct to Consumer E-commerce Biotech Initiatives © AB InBev 2022 – All rights reserved | 22
Slide 23: BEES continues to invest in world-class digital service for our customers
BEES continues to invest in world-class digital service for our customers Live in 16 markets Flexible Delivery Retailer Insights Open Platform © AB InBev 2022 – All rights reserved | 23
Slide 24: BEES continues to expand and empower our customers
BEES continues to expand and empower our customers December 2020 December 2021 Monthly Active Users 1.0mio 2.5mio (“MAU”) Gross Merchandise Value ~$3B ~$20B FY 2020 FY2021 (“GMV”) Orders per week >1.0m >2.3m Minutes per week per buyer 30 31 Marketplace buyers 4% 30% % of current BEES buyers © AB InB
Slide 25: Scaling up data acquisition and insights with direct-to-consumer solutions
Scaling up data acquisition and insights with direct-to- consumer solutions $1.5B revenue (3% of total) across 20 countries 12K+ 62% 66M retail stores e-commerce online transactions revenue growth © AB InBev 2022 – All rights reserved | 25
Slide 26: Our DTC tech products are leading beer e-commerce growth
Our DTC tech products are leading beer e-commerce growth Expanding our international Leveraging our courier platform global ecosystem Delivering the ultimate beer experience at home Portfolio of brands consumers love Expanding to 45+ brands 10 Proprietary technology for consumers to enjoy countries
Slide 29: Underlying EPS grew by 15% to $2.88 in FY21
Underlying EPS grew by 15% to $2.88 in FY21 +$0.08 impact from FY21 Brazil +$0.16 impact tax credits from FY20 Brazil 0.03 0.00 tax credits 0.30 0.05 0.81 0.23 2.88 2.51 FY20 Normalized EBIT Hyperinflation Net Finance Cost Income Tax Associates Non-controlling FY21 Impact Expense Interest © AB InBev
Slide 30: Dynamically balancing capital allocation priorities to maximize value creation
Dynamically balancing capital allocation priorities to maximize value creation Deleveraging Invest behind organic growth Selective Return of M&A Capital © AB InBev 2022 – All rights reserved | 30
Slide 31: Creating value through deleveraging: net debt to EBITDA now below 4.0x
Creating value through deleveraging: net debt to EBITDA now below 4.0x Value Creation 2.0X <2.0X 3.0X n tio 3.96X ea FY21 Cr e lu Va 4.78x FY20 Net Debt / EBITDA Lower Leverage © AB InBev 2021 – All rights reserved | 31
Slide 32: 34 billion USD in gross debt reduction since 2016
34 billion USD in gross debt reduction since 2016 Gross Debt ($B) 1. Net Leverage (x) 1. 150 6.00 145 5.50x 2. 5.50 140 135 4.80x 3. 4.78x 5.00 4.61x 130 4.50 4.01x 4. 3.96x 125 122.6 4.00 120 116.4 115 3.50 111.6 ~$10B 110 gross debt reduction 3.00 105 103.0 100 98.6 2.50 95 2.00 90 88.8 1.50 85 80
Slide 33: Well-distributed bond maturity profile
Well-distributed bond maturity profile Eliminated short-term 11,000 refinancing pressure 10,000 9,000 8,000 ~16 yrs Principal ($B) 7,000 weighted average maturity 6,000 5,000 4,000 3,000 2,000 1,000 0 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041
Slide 34: Bond portfolio is mostly fixed rate with manageable coupon
Bond portfolio is mostly fixed rate with manageable coupon Diverse currency 94% of our bond Very manageable mix reduces risk portfolio is fixed rate pre-tax coupon Floating rate 6% CAD 4% Other 6% 5% GBP ~4.0% 33% pre-tax coupon 52% EUR USD 94% Fixed rate Note : Represents full bond portfolio as of
Slide 35: Optimizing our business
Optimizing our business ~10B USD 3.96x ~4% of gross debt net debt pre-tax reduction to EBITDA coupon in the last 12 months as of December 31, 2021 94% is fixed rate with no near-term refinancing needs © AB InBev 2022 – All rights reserved | 35
Slide 37: Building momentum as we deliver and transform
Building momentum as we deliver and transform Beer gaining Business Tech-first Proactive revenue Activating share of throat momentum FMCG management demand The beer Delivered strong Leading brands and Initiatives Unique category is: results in a dynamic accelerated digital implemented / opportunitie

Anheuser-Busch InBev — Q4 2021 Earnings Presentation on 6ix

Anheuser-busch Inbev Sa/nv — Q4 2021 Earnings Presentation

Slide 1: 4Q21 Results

Slide 2: Forward-looking statements disclaimer

Slide 3: Agenda

Slide 4: Operating performance highlights

Slide 5: 4Q21 operating performance

Slide 6: FY21 operating performance

Slide 7: FY21 key market takeaways

Slide 8: ESG highlights

Slide 9: 3 themes 8 strategic ESG priorities

Slide 10: Making meaningful progress on our ESG priorities

Slide 11: Making meaningful progress on our ESG priorities

Slide 12: Update on our strategic pillars

Slide 13: Lead and grow the category

Slide 14: Lead and grow the category: all-time high volume

Slide 15: Lead and grow the category: 5 category expansion levers

Slide 16: Premiumization: Global brands delivered 22.9% revenue growth in FY21

Slide 17: Lead and grow the category: 5 category expansion levers

Slide 18: Innovation delivered 10% of revenue, supporting category expansion

Slide 19: Growing share of innovation in key markets

Slide 20: Cannes Lions honored ABI as Creative Marketer of the Year

Slide 21: Digitize and monetize our ecosystem

Slide 22: Best-in-class platform of innovative technology products

Slide 23: BEES continues to invest in world-class digital service for our customers

Slide 24: BEES continues to expand and empower our customers

Slide 25: Scaling up data acquisition and insights with direct-to-consumer solutions

Slide 26: Our DTC tech products are leading beer e-commerce growth

Slide 27: Optimize our business

Slide 28: Maximizing value by focusing on:

Slide 29: Underlying EPS grew by 15% to $2.88 in FY21

Slide 30: Dynamically balancing capital allocation priorities to maximize value creation

Slide 31: Creating value through deleveraging: net debt to EBITDA now below 4.0x

Slide 32: 34 billion USD in gross debt reduction since 2016

Slide 33: Well-distributed bond maturity profile

Slide 34: Bond portfolio is mostly fixed rate with manageable coupon

Slide 35: Optimizing our business

Slide 36: Meeting the moment in 2022

Slide 37: Building momentum as we deliver and transform

Slide 38: Q&A