Heineken Nv · EURONEXT:HEIA
Heineken Nv — Shareholder Meeting (April 2021)
47 slides from Heineken Nv's shareholder meeting presentation, Apr 22, 2021
Slide 1: AGM 2021 Heineken N.V.
AGM 2021 Heineken N.V. Amsterdam | 22 April 2021 | Heineken N.V.
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements with regard to the financial position and results of HEINEKEN’s activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forwar
Slide 3: Opening: Attendees
Opening Attendees Executive Board Supervisory Board Heineken N.V. Heineken N.V. Other Jean-Marc José Antonio Maarten Huët Fernández Das1 Chairman Carbajal Vice-Chairman Harold van den Broek Executive Board Nominee2 Dolf Laurence van den Brink Debroux Chairman Member Mr. Albers Executive Board / CEO
Slide 4: Agenda
Agenda AGM 2021 Heineken N.V. 1. 2020 a. Report of the Executive Board for the financial year 2020 — Presented by Dolf van den Brink Chairman Executive Board / CEO b. Advisory vote on the 2020 remuneration report (voting item) c. Adoption of the 2020 financial statements of the Company (voting item)
Slide 5: FY 2020 performance
Agenda FY 2020 performance Strategic review 4
Slide 6: FY 2020 performance
Agenda FY 2020 performance Strategic review 5
Slide 7: A year of profound impact and transition
Our People Our Consumers A year of profound impact Top decile employee engagement #SocialiseResponsibly campaigns and transition People at the heart of our response Our Customers Our Communities c. €50m rental waivers for bars >€23m donations 6
Slide 8: FY 2020 Highlights
FY 2020 Highlights Net Revenue (beia) OG Net Revenue (beia) OG per hl Top-line performance materially impacted by government restrictions to contain -11.9% -2.4% COVID-19 Consolidated Beer Volume OG Heineken® Volume Strong competitive performance and Heineken® momentum -8.1% -0.4% Operating Profit (
Slide 9: Top-line impacted by COVID-19
Top-line impacted by COVID-19 Net Revenue (beia): 11.9% organic decline Organic decline €2,853m €m -9.8% -2.4% 5.3% Volume OG Net rev/hl OG €m 23,894 0.2% 19,724 FY 2019 Total Volume Net rev/hl Currency Consolidation FY 2020 Net Revenue Translation Impact Net Revenue (beia) (beia) 8
Slide 10: Diligent action on costs to mitigate the impact
Diligent action on costs to mitigate the impact Operating Profit (beia): 35.6% organic decline Organic decline €1,430m >90% - EUR, MX, SA & ID €m c. 2,055 c. 175 €m 129 40 c. 800 4,020 2,421 FY 2019 Net Revenue Cost Others3 Currency Consolidation FY 2020 Operating less Variable Mitigation2 Translati
Slide 11: Regional Review
Regional Review 2020 FY Organic Growth % Africa, Middle East Heineken NV & Eastern Europe Americas Asia Pacific Europe Beer volume OG -8.1 -9.2 -7.5 -7.9 -8.2 Price mix on a constant geographic basis -0.1 +2.2 +6.8 -2.4 -5.4 Net revenue (beia) OG -11.9 -9.5 -2.9% -11.5 -18.8 Operating profit (beia)
Slide 12: Heineken: The most trusted international brand
Heineken : The most ® trusted international brand Heineken® volume Excluding South Africa, Heineken® volume grew 2.8% -0.4% More than 40% growth in Brazil and impressive start of Heineken® 0.0, Double-digit growth markets now #3 globally 25 Heineken® Silver more than doubled its volume in Vietnam an
Slide 13: Heineken continues to stay close to our consumers
Heineken continues to stay close to our consumers! ® Going into the pandemic Early recovery Continued volatility 12
Slide 14: 2021 Q1 Highlights
2021 Q1 Highlights 2021 Q1 Organic Growth % Africa, Middle East & Heineken NV Eastern Europe Americas Asia Pacific Europe Consolidated beer volume 0.0 9.9 0.8 5.4 -9.7 Heineken volume 12.1 22.4 17.5 21.8 -4.6 13
Slide 15: Strategic review
Agenda FY 2020 performance Strategic review 14
Slide 16: Future proof HEINEKEN journey
Future proof HEINEKEN SUPERIOR & NURTURING OUR PROFITABLE BUILDING ON CULTURE WHILE GROWTH BOOSTING A MULTI-YEAR, IN A FAST- STRENGTHS, MULTI-DIMENSIONAL CHANGING WORLD ADDRESSING ADAPTABILITY VULNERABILITIES JOURNEY Invest in new sources of growth & restore operating leverage 15
Slide 17: HEINEKEN is a superior growth company
Enhance our PORTFOLIO and strengthen our DIGITAL ROUTE TO CONSUMER, with CONSUMERS and CUSTOMERS at the core Complement GROWTH with increased PRODUCTIVITY FOCUS HEINEKEN is a superior growth company, with Accelerate IT SIMPLIFICATION and capture full E-COMMERCE potential significant value creation p
Slide 18: The HEINEKEN growth algorithm
Our way forward: the HEINEKEN growth algorithm Top-line recovery Launch of S&R 2030 Superior growth Culture, capabilities and operating model Superior growth Deliver SUPERIOR top line growth RECOVERY to +/- 17% operating Raise the bar on Our unique strengths & opportunities Accelerated Sustainabilit
Slide 19: Brew a Better World 2030
Brew a Better World 2030 Path to zero impact Path to an inclusive, fair and equitable world Path to moderation and no harmful use
Slide 20: Agenda
Agenda AGM 2021 Heineken N.V. 1. 2020 a. Report of the Executive Board for the financial year 2020 — Presented by Dolf van den Brink Chairman Executive Board / CEO b. Advisory vote on the 2020 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. Adoption
Slide 21: Voting result: remuneration report
Voting result AGM 2021 Heineken N.V. 1. 2020 b. Advisory vote on the 2020 remuneration report For 473,820,722 For 91.66% Against 43,106,756 Against 8.34% Abstain 3,853,150 20
Slide 22: Agenda
Agenda AGM 2021 Heineken N.V. 1. 2020 a. Report of the Executive Board for the financial year 2020 — Presented by Dolf van den Brink Chairman Executive Board / CEO b. Advisory vote on the 2020 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. Adoption
Slide 23: The independent auditor's report
The independent auditor’s report REPORT OF THE SUSTAINABILITY EXECUTIVE BOARD • Provide limited assurance on 34 sustainability KPIs. • Prepared in accordance with Part 9 Book 2 of the Dutch Civil Code. • Nothing causes us to believe that the 34 sustainability KPIs are not prepared, in all material •
Slide 24: Voting result: financial statements
Voting result AGM 2021 Heineken N.V. 1. 2020 c. Adoption of the 2020 financial statements of the Company For 520,583,475 For 99.98% Against 121,287 Against 0.02% Abstain 75,866 23
Slide 25: Agenda
Agenda AGM 2021 Heineken N.V. 1. 2020 a. Report of the Executive Board for the financial year 2020 — Presented by Dolf van den Brink Chairman Executive Board / CEO b. Advisory vote on the 2020 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. Adoption
Slide 26: Agenda
Agenda AGM 2021 Heineken N.V. 1. 2020 a. Report of the Executive Board for the financial year 2020 — Presented by Dolf van den Brink Chairman Executive Board / CEO b. Advisory vote on the 2020 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. Adoption
Slide 27: Voting result: dividend proposal
Voting result AGM 2021 Heineken N.V. 1. 2020 e. Adoption of the dividend proposal 2020 For 519,586,240 For 99.78% Against 1,170,792 Against 0.22% Abstain 23,596 26
Slide 28: Agenda
Agenda AGM 2021 Heineken N.V. 1. 2020 a. Report of the Executive Board for the financial year 2020 — Presented by Dolf van den Brink Chairman Executive Board / CEO b. Advisory vote on the 2020 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. Adoption
Slide 29: Voting result: discharge of the members
Voting result AGM 2021 Heineken N.V. 1. 2020 f. Discharge of the members of the Executive Board For 517,054,439 For 99.57% Against 2,257,337 Against 0.43% Abstain 1,468,852 28
Slide 30: Agenda
Agenda AGM 2021 Heineken N.V. 1. 2020 a. Report of the Executive Board for the financial year 2020 — Presented by Dolf van den Brink Chairman Executive Board / CEO b. Advisory vote on the 2020 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. Adoption
Slide 31: Voting result: discharge of Supervisory Board
Voting result AGM 2021 Heineken N.V. 1. 2020 g. Discharge of the members of the Supervisory Board For 503,605,381 For 96.99% Against 15,646,258 Against 3.01% Abstain 1,528,989 30
Slide 32: Agenda: Authorisations
Agenda AGM 2021 Heineken N.V. 2. Authorisations a. Authorisation of the Executive Board to acquire own shares (voting item) b. Authorisation of the Executive Board to issue (rights to) shares (voting item) c. Authorisation of the Executive Board to restrict or exclude shareholders’ pre-emptive right
Slide 33: Agenda: Authorisations
Agenda AGM 2021 Heineken N.V. 2. Authorisations a. Authorisation of the Executive Board to acquire own shares (voting item) b. Authorisation of the Executive Board to issue (rights to) shares (voting item) c. Authorisation of the Executive Board to restrict or exclude shareholders’ pre-emptive right
Slide 34: Agenda: Authorisations
Agenda AGM 2021 Heineken N.V. 2. Authorisations a. Authorisation of the Executive Board to acquire own shares (voting item) b. Authorisation of the Executive Board to issue (rights to) shares (voting item) c. Authorisation of the Executive Board to restrict or exclude shareholders’ pre-emptive right
Slide 35: Voting result: authorisation to acquire own shares
Voting result AGM 2021 Heineken N.V. 2. Authorisations a. Authorisation of the Executive Board to acquire own shares For 519,153,129 For 99.70% Against 1,555,962 Against 0.30% Abstain 71,537 34
Slide 36: Voting result: authorisation to issue shares
Voting result AGM 2021 Heineken N.V. 2. Authorisations b. Authorisation of the Executive Board to issue (rights to) shares For 514,913,358 For 99.55% Against 2,341,152 Against 0.45% Abstain 3,526,118 35
Slide 37: Voting result: restrict pre-emptive rights
Voting result AGM 2021 Heineken N.V. 2. Authorisations c. Authorisation of the Executive Board to restrict or exclude shareholders’ pre-emptive rights For 506,668,825 For 97.95% Against 10,585,456 Against 2.05% Abstain 3,526,347 36
Slide 38: Agenda: Board composition
Agenda AGM 2021 Heineken N.V. 3. Composition Executive Board Appointment of Mr. H.P.J. van den Broek as member of the Executive Board (voting item) 4. Composition Supervisory Board a. Re-appointment of Mr. M. Das as member (and delegated member) of the Supervisory Board (voting item) b. Appointment
Slide 39: Voting result: Executive Board appointment
Voting result AGM 2021 Heineken N.V. 3. Composition Executive Board Appointment of Mr. H.P.J. van den Broek as member of the Executive Board For 519,801,022 For 99.98% Against 99,511 Against 0.02% Abstain 880,095 38
Slide 40: Agenda: Board composition
Agenda AGM 2021 Heineken N.V. 3. Composition Executive Board Appointment of Mr. H.P.J. van den Broek as member of the Executive Board (voting item) 4. Composition Supervisory Board a. Re-appointment of Mr. M. Das as member (and delegated member) of the Supervisory Board (voting item) b. Appointment
Slide 41: Voting result: Supervisory Board re-appointment
Voting result AGM 2021 Heineken N.V. 4. Composition Supervisory Board a. Re-appointment of Mr. M. Das as member (and delegated member) of the Supervisory Board For 469,406,499 For 90.29% Against 50,494,034 Against 9.71% Abstain 880,095 40
Slide 42: Agenda: Board composition
Agenda AGM 2021 Heineken N.V. 3. Composition Executive Board Appointment of Mr. H.P.J. van den Broek as member of the Executive Board (voting item) 4. Composition Supervisory Board a. Re-appointment of Mr. M. Das as member (and delegated member) of the Supervisory Board (voting item) b. Appointment
Slide 43: Voting result: Supervisory Board appointment
Voting result AGM 2021 Heineken N.V. 4. Composition Supervisory Board b. Appointment of Mr. N. Paranjpe as member of the Supervisory Board For 518,417,266 For 99.71% Against 1,483,267 Against 0.29% Abstain 880,095 42
Slide 44: Agenda: External Auditor and Closing
Agenda AGM 2021 Heineken N.V. 5. Re-appointment of the External Auditor for a period of one year (voting item) Closing 43
Slide 45: Voting result: external auditor
Voting result AGM 2021 Heineken N.V. 5. Re-appointment of the External Auditor for a period of one year For 520,367,408 For 99.95% Against 268,634 Against 0.05% Abstain 114,586 44
Slide 46: Closing
Closing Up Next: AGM Heineken Holding N.V. The Annual General Meeting of Shareholders of Heineken Holding N.V. will be held on Thursday 22 April 2021, 4:00 p.m. (CET) You can follow the AGM live via the webcast of Heineken Holding: https://www.heinekenholding.com/governance/agm 45
Slide 47: HEINEKEN
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