Slide 1: 2019 Full Year Earnings Release
Heineken N.V. 2019 Full Year Earnings Release Jean-François van Boxmeer, CEO Laurence Debroux, CFO Amsterdam | February 12, 2020 | 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: 2019 FY Key Highlights
2019 FY Key Highlights Net revenue (beia) OG +5.6% Net revenue (beia) OG per hectolitre +3.3% Consolidated beer volume OG +3.1% Heineken® volume +8.3% Operating profit (beia) OG +3.9% Operating profit (beia) margin 16.8% (-12 bps) Net profit (beia) €2,517 million, +4.3% organically D
Slide 4: Regional Review
Regional Review 2019 FY Organic Growth % Africa, Middle East Heineken NV & Eastern Europe Americas Asia Pacific Europe Consolidated beer volume 3.1 4.6 2.6 11.8 -0.2 Price mix on a constant geographic basis 3.4 2.9 7.1 0.8 1.8 Net revenue (beia) 5.6 8.9 7.5 10.9 2.0 Operating profit (beia) 3.9 -0.2
Slide 5: Heineken volume +8.3%
Heineken volume +8.3% ® Positive performance across all regions Double digit growth in over 40 markets including Brazil, Mexico, South Africa, Nigeria, the UK, Romania and Germany 12 markets sell more than 1 million hectolitres Successful roll-out of Heineken® 0.0 continues Official Beer P
Slide 6: Strong top line growth
Strong top line growth Developing our international brands Building international and local craft Leading low- and no-alcohol innovations High-single digit growth Mid-single digit growth High-single digit growth Double digit growth of Amstel and Tiger Lagunitas in more than 35 markets Do
Slide 7: Brewing a Better World
Brewing a Better World 3.4 hl per hl of water use on average, 3.1 hl per hl in water scarce areas. Ahead of 2020 targets, so launched water ambition ‘Every Drop’ in March 2019 19% of electric and thermal energy in production from renewables (2018: 15%; 2030 target: 70%) Aiming to reduce plasti
Slide 8: Financial Overview
Financial Overview Key Financials €m unless otherwise stated 2019 FY Total Growth (%) Organic Growth (%)* Revenue 28,521 6.4 Net revenue (beia) 23,894 6.3 5.6 Operating profit (beia) 4,020 5.5 3.9 Operating profit (beia) margin 16.8% -12 bps Net profit (beia) 2,517 5.5 4.3 Net profit 2,166 13.2 Dilu
Slide 9: Net Revenue: +5.6% Organic Growth
Net Revenue: +5.6% Organic Growth Organic growth +5.6% +3.3% €m +2.2% +1.2% €m -0.5% 23,894 22,471 2018 FY Net revenue Consolidation Currency Total volume Net rev/hl 2019 FY Net revenue (beia) impact translation (beia) 8
Slide 10: Operating Profit (beia): +3.9% Organic Growth
Operating Profit (beia): +3.9% Organic Growth +3.9% €m €m +2.1% -0.6% 3,808 4,020 2018 FY Operating profit Consolidation Currency Organic 2019 FY Operating profit (beia) impact translation growth (beia) 9
Slide 11: Diluted EPS (beia): €4.38, +4.9%
Diluted EPS (beia): €4.38, +4.9% +4.9% 4.3% 1.9% -0.7% -0.7% 4.38 €4.18 € 4.38 -€0.03 €0.08 €0.18 -€0.03 2018 FY Diluted EPS Consolidation Currency Organic Shares sold to CRE 2019 FY Diluted EPS (beia) impact translation growth (beia) 10
Slide 12: Free Operating Cash Flow of €2,228 million
Free Operating Cash Flow of €2,228 million €m unless otherwise stated 2019 FY 2018 FY¹ Vs. LY Cash flow from operations (before 5,669 4,858 811 changes in working capital) Change in inventories -257 -129 -128 Change in trade and other receivables -245 -66 -179 Change in trade and other payables and
Slide 13: Full Year Outlook
Full Year Outlook For 2020, we anticipate our business to deliver: A superior top-line growth driven by volume, price and premiumisation A low-single digit increase of input costs per hectolitre Continued cost management initiatives and productivity improvements to fuel investment behind our
Slide 14: HEINEKEN
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