Molson Coors Beverage Company · NYSE:TAP
Molson Coors Beverage — Investor Day (October 2023)
24 slides from Molson Coors Beverage's investor day presentation, Oct 3, 2023
Slide 1: Strategy Day
L M O S ON • C 2023 OO RS • S Y • 2023 A TR A T E GY D Strategy Day
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the U.S. federal securities laws. Generally, the words "expects", "intend," "goals," "plans," "believes," "continues," "may," "anticipate," "seek," "estimate," "outlook," "trends," "future benefi
Slide 3: Gavin Hattersley, President & Chief Executive Officer
L M O S ON • C 2023 OORS • S Y • A TR A T E GY D President & Chief Executive Officer GAVIN HATTERSLEY 3
Slide 4: We Changed Our Future
We Changed Our Future INVESTMENT MARKETING OPERATIONS 4
Slide 5: Built on the Strength of Our Core Brands
Built on the Strength of Our Core Brands +0.69 +0.57 +0.04 (0.15) (0.10) (0.32) (0.20) (0.27) (0.45) (0.46) 2019 2020 2021 2022 2023 YTD 5 Note: Represents YTD 2023 dollar share of U.S. industry percent change v ersus prior year as of W E 9/17, per Circana.
Slide 6: Premiumized Our Global Portfolio
Premiumized Our Global Portfolio ABOVE PREMIUM PORTFOLIO SIZE (ABOVE PREMIUM % OF TOTAL NET SALES REVENUE*) +5% 28% 23% 2019 2022 6 *Represents percentage of total consolidated net sales rev enue on a brand v olume basis; excludes contract brewing, factored brands and wholesaler non-owned brands (pe
Slide 7: Expanded Our Beyond Beer Business
Expanded Our Beyond Beer Business 07 7
Slide 8: Invested in Our Capabilities
Invested in Our Capabilities 2023 Top-line Performance Share Gains Bottom-line Performance 2019 8
Slide 9: This is the New Molson Coors
Built for growth, expect growth, delivering growth Our global business comes together to make this growth possible This is the New Molson Coors A portfolio that meets the needs and desires of today’s consumer An agile business that’s building new capabilities A strategy that is focused on making the
Slide 10: This is the New Molson Coors
Built for grow th, expect growth, delivering growth Our global business comes together This is the New to make this growth possible Molson Coors A portfolio that meets the needs and desires of today’s consumer An agile business that’s building new capabilities A strategy that is focused on making th
Slide 11: This is the New Molson Coors
Built for grow th, expect growth, delivering growth Our global business comes together to make this grow th possible This is the New A portfolio that meets the needs and desires of today’s consumer Molson Coors An agile business that’s building new capabilities A strategy that is focused on making t
Slide 12: This is the New Molson Coors
Built for grow th, expect growth, delivering growth Our global business comes together to make this grow th possible This is the New A portfolio that meets the needs and desires of today’s consumer Molson Coors An agile business that’s building new capabilities A strategy that is focused on making t
Slide 13: This is the New Molson Coors
Built for grow th, expect growth, delivering growth Our global business comes together to make this grow th possible This is the New A portfolio that meets the needs and desires of today’s consumer Molson Coors An agile business that’s building new capabilities A strategy that is focused on making t
Slide 14: This is the New Molson Coors
Built for grow th, expect growth, delivering growth Our global business comes together to make this grow th possible This is the New A portfolio that meets the needs and desires of today’s consumer Molson Coors An agile business that’s building new capabilities A strategy that is focused on making t
Slide 15: Deep Bench of Leaders with 145 Years+ of Global Beer Industry Experience
Deep Bench of Leaders with 145 Years+ of Global Beer Industry Experience Gavin Hattersley Tracey Joubert Michelle St. Jacques Brian Erhardt Sergey Yeskov President and Chief Executive Officer Chief Financial Officer Chief Commercial Officer Chief Supply Chain Officer President and CEO EMEA & APAC Ra
Slide 16: Who We Are and Where We Operate
Who We Are and Where We Operate ~100 19 15 4th 28% COUNTRIES MAJOR $100M BRANDS* largest BREWERIES brewer NSR FROM ABOVE in the world PREMIUM BRANDS** +82M +16,000 VOLUME (hl)*** EMPLOYEES Uniting People First Choice for Our People, OUR to Celebrate All OUR Our Consumers and Our PURPOSE: Life’s Mome
Slide 17: Our Global Footprint
Our Global Footprint EMEA&APAC represents 19% of Global Net Sales Rev enue Americas represents 81% of Global Net Sales Rev enue Top Brands include: Carling, Staropramen Top Brands include: Coors and Madri. EMEA&APAC represents 27% Light, Miller Lite and Blue Moon. of Total Global Brand Volume Americ
Slide 18: Acceleration Plan
STRATEGIC Grow core power brand net revenue STRATEGIC Aggressively premiumize our portfolio ACCELERATION STRATEGIC Scale and expand in PLAN beyond beer ORGANIZATIONAL Invest in our capabilities ORGANIZATIONAL Support our people, communities, and planet 18
Slide 19: Maintaining Momentum and Accelerating Growth
Maintaining Momentum and Accelerating Growth ➢ Gaining Shelf Space in the Off Premise ➢ Gaining Tap Handles in the On Premise 19
Slide 20: We have proof that we can grow and…
We have proof that L-T Annual Growth Algo we can grow and… Net Sales Revenue (in constant currency) +LSD% Underlying Income Before Income Taxes We believe we have the (in constant currency)* +MSD% people and the plans to Underlying Earnings per Share* +HSD% accelerate our growth 14 20 * See the Appe
Slide 21: Appendix
MOLSON COORS eanrery Appendix
Slide 22: Underlying Income (loss) Before Income Taxes Reconciliation
Underlying Income (loss) Before Income Taxes Reconciliation In millions 12/31/2022 12/31/2021 * 12/31/2020 * 12/31/2019* 12/31/2018* 12/31/2017* (U.S GAAP) Income (loss) before income taxes (62.5) 1,239.0 (643.9) 479.9 1,359.8 1,383.2 Adjustments to arriv e at underlying: Goodwill impairment 845.0 -
Slide 23: Net Debt to Underlying EBITDA Reconciliation
Net Debt to Underlying EBITDA Reconciliation In millions (except net debt to underlying EBITDA) 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016* Current portion of long-term debt and short-term borrowings 397.1 514.9 1,020.1 928.2 1,594.5 714.8 684.8 Add: Long-term debt
Slide 24: Non-GAAP guidance note
Our guidance for Underlying Income Before Income Taxes and Underlying Earnings per Share are also non-GAAP financial measures that exclude or otherwise hav e been adjusted for non-GAAP adjustment items from our U.S. GAAP financial statements. W hen we prov ide guidance for any of the v arious non-GA
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