Heineken Nv · EURONEXT:HEIA
Heineken Nv — Shareholder Meeting (2024)
25 slides from Heineken Nv's shareholder meeting presentation, 2024
Slide 1: Heineken N.V. AGM 2024
Heineken N.V. AGM 2024 Dolf van den Brink, CEO Harold van den Broek, CFO
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with regards to the financial position and results of HEINEKEN’s activities, anticipated developments and other factors. All statements other than statements of historical facts are, or may
Slide 3: Agenda
Agenda AGM 2024 Heineken N.V. 1 2023 a Report of the Executive Board for the financial year 2023 b Implementation of the revised Dutch Corporate Governance Code of 20 December 2022 c Advisory vote on the 2023 Remuneration Report (voting item) d Adoption of the 2023 financial statements of the compan
Slide 4: Dolf van den Brink
Dolf van den Brink CEO and Chairman of the Executive Board 4
Slide 5: Significant progress on EverGreen, despite a challenging external environment
Significant progress on EverGreen, despite a challenging external environment Strategic Priorities Growth Algorithm Green Diamond Growth ① SHAPE THE FUTURE OF BEER & BEYOND Capital Profitability ② DIGITAL efficiency ③ PRODUCTIVITY Sustainability & ④ SUSTAINABILITY Responsibility ⑤ PEOPLE What we foc
Slide 6: FY 2023 financial highlights
FY 2023 financial highlights +5.5% +10.8% Net revenue (beia) OG Net revenue (beia) OG per hl -4.7% +3.4% Total beer volume OG Heineken volume® (exc Russia) OG +1.7% +14.7% Operating profit (beia) OG -100bps Operating profit (beia) margin -4.3% 4.67 Net profit (beia) OG Diluted EPS (beia) EUR OG: Org
Slide 7: Volume trend normalising
Volume trend normalising Beer volume organic growth % vs LY Premium Beer (Excl. Vietnam and Nigeria) Beer 0% 2023 2024 Q1 Q2 Q3 Q4 Q1 % of markets in growth >40% >25% >35% >50% >65% (Beer volume OG% vs LY) markets holding or gaining c.60% >50% >50% c.50% >2/3 market share 7
Slide 8: Africa & Middle East
Africa & Middle East Nigeria. Revenue growth from pricing for inflation. Consumers purchasing power affected by structural reforms. +11.6% +17.4% Right-sized our cost base to adapt to Net revenue (beia) OG Price mix1 challenging environment. Ethiopia. Growth momentum significantly ahead of the marke
Slide 9: Americas
Americas Mexico. Outperforming the market in the last year of OXXO mixing. Six stores now 17k. New greenfield in +7.4% +8.4% Yucatán. Net revenue (beia) OG Price mix1 USA. Sales-to-retailers outperformed the market. Heineken® Silver launch promising. Heineken® 0.0 grew in the low-teens. -0.1% +6.2%
Slide 10: Asia Pacific
Asia Pacific Vietnam. Market continues to be impacted by external factors. -5.9% +4.0% Mainstream portfolio outperformed Net Revenue (beia) OG Price Mix1 the market with Bia Viet, Bivinia and La Rue gaining share. -10.4% -20.0% India. Improved in the second half Beer Volume OG Operating profit (beia
Slide 11: Europe
Europe The volume performance in the On Trade was better than in the Off +6.3% +11.7% Trade. Net revenue (beia) OG Price mix1 Premium beer volume outperformed, led by our next generation brands. -5.4% +11.9% Non-alcoholic beer and cider Beer volume OG Operating profit (beia) OG portfolio broadly sta
Slide 12: Heineken celebrates 150 years with continued outperformance
Heineken celebrates 150 years ® with continued outperformance FY’23 Snapshot Total Sales Volume has increased by c. 25mhl over the last 10 years +3.4% +6.7% Volume Growth CAGR 56.3 All Heineken® 54.4 47.5 +5.7% Volume Growth Heineken® 0.0 40.5 40.7 35.1 37.5 +38% 33.8 Volume Growth 32.5 31.4 Heineke
Slide 13: Building momentum on Brew a Better World
Building momentum on Brew a Better World Environmental Social Responsible 34% 28% 114 Absolute carbon reduction in Women in Senior Leadership, No. of markets with Heineken 0.0 production vs 2018 (2022: 18%)1 up 5 percentage points vs. 2019 available, continuing to expand globally -1% 28% 114 110 27%
Slide 14: Harold van den Broek
Harold van den Broek Chief Financial Officer 14
Slide 15: Our EverGreen growth algorithm
Our EverGreen growth algorithm Strengths & Long-term value opportunities Sustainability creation Responsibility People 15
Slide 16: Price-led topline growth
Price-led topline growth Net Revenue (beia): +5.5% organic increase Net Revenue (beia) €m Organic increase €1.591m -1,350 2,941 -4.7% -864 887 Volume OG Of which: +10.2% Price-Mix1 OG VN & Nig: -2.3% All others: -2.4% Of which: Price: +9.1% 30,308 Mix: +1.1% 28,694 FY 2022 Price-Mix Total Volume Cur
Slide 17: Operating profit (beia) returning to growth
Operating profit (beia) returning to growth Operating Profit (beia): +1.7% organic increase Operating Profit (beia) €m 78 -102 -35 Of which: Vietnam: -32% All others: +7.6% 4,502 4,443 FY 2022 Organic growth Currency translation Consolidation impact FY 2023 17
Slide 18: Productivity embedded in the organisation
Productivity embedded in the organisation €800m delivered in ’23 Via diversified initiatives Towards continuous productivity Procurement savings Incl. Brazil local sourcing +0.8bn >€240m €0.5bn €0.4bn €0.4bn €2.5 B European E2E supply €2 B Target chain transformation €1.7 B €1.3 B >€200m Design for
Slide 19: Our EverGreen Strategy into Action
Our EverGreen Strategy into Action Performance 2023 vs 2019 ✓✓ Revenue OG% Volume OG% Making Growth ✓ Capex as % Rev. progress FOCF (m€) whilst bringing Profitability Capital balance across efficiency ✓ OP OG (m€) all dimensions OP Margin % Sustainability & Responsibility ✓ % tons CO2 red. in prod.
Slide 20: CSRD implementation on track with focus on most material sustainability topics
CSRD implementation on track with focus on most material sustainability topics CSRD Topics HEINEKEN Annual Report 2024 KPIs over time with > 800 datapoints Phase-in KPIs Environment Social Governance 101 101 Climate Change Sustainable agriculture General Disclosures 75 (Mandatory) 65 65 Water securi
Slide 21: Outlook 2024
Outlook 2024 EverGreen strategy progressing. Fully committed to return to balanced growth with proportionate investments. Variable costs to increase by a low-single-digit on a per hectoliter basis, and higher than historical average wage inflation. Continuous productivity programme to deliver at lea
Slide 22: Encouraging start to 2024
Encouraging start to 2024 Continued focus on EverGreen priorities Sequential improvement in business performance, majority of markets holding or gaining share Quarter boosted by an earlier Easter and cycling negative one-off effects from last year Full year expectations unchanged 22
Slide 23: 2024 Q1 highlights
2024 Q1 highlights Net Revenue (beia) OG Net Revenue (beia) OG per hl +9.4% +4.9% Total Beer Volume OG Heineken® Volume OG +4.7% +12.9% 23 23
Slide 24: Heineken N.V. AGM 2024
"HEINEKEN Heineken NX. AGM 2024
Slide 25: 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 25 April 2024, 16:30 (CET) ▪ You can follow the AGM live via the webcast of Heineken Holding: https://www.heinekenholding.com/governance/agm 25