Heineken Nv · EURONEXT:HEIA

Heineken Nv — Shareholder Meeting (April 2020)

52 slides from Heineken Nv's shareholder meeting presentation, Apr 23, 2020

  1. Slide 1: AGM 2020 Heineken N.V.

    AGM 2020 Heineken N.V. Amsterdam | 23 April 2020 | Heineken N.V.

  2. 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

  3. Slide 3: Opening

    Opening Attendees Executive Board Supervisory Board Heineken N.V. Heineken N.V. Other Jean-Marc José Antonio Maarten Michel Christophe Huët Fernández Das de Carvalho Navarre Dolf van den Brink Chairman Carbajal Executive Board Nominee2 Vice-Chairman Jean-François Laurence van Boxmeer Debroux Chairma

  4. Slide 4: Agenda

    Agenda AGM 2020 Heineken N.V. 1. 2019 a. Report of the Executive Board for the financial year 2019 — Presented by Jean-François van Boxmeer Chairman Executive Board / CEO b. Advisory vote on the 2019 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. A

  5. Slide 5: 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

  6. Slide 6: 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) 5

  7. Slide 7: 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

  8. Slide 8: 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

  9. Slide 9: 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

  10. Slide 10: Brewing a Better World

    Brewing a Better World  Over 10% of Heineken® media spend on responsible consumption awareness campaigns in over 60 markets  Drop the C: 19% of electric and thermal energy in production from renewables in 2019 (2018: 15%; 2030 target: 70%)  3.4 hl per hl of water use on average, 3.1 hl per hl in

  11. Slide 11: Covid-19

    Covid-19 Origin and facts Government measures  Started in late 2019 in Wuhan, China  Nature and timing differ by country  First death outside of China on 2 February 2020  Restrictions on movement of populations  Declared pandemic by World Health Organisation  Outlet closures on 11 March 2020 

  12. Slide 12: 2020 Q1 Highlights

    2020 Q1 Highlights 2020 Q1 Organic Growth % Africa, Middle East & Heineken NV Eastern Europe Americas Asia Pacific Europe Consolidated beer volume – Q1 -2.1 -6.9 -2.5 4.4 -1.4 Consolidated beer volume – March -14.0 -14.5 -13.8 -10.6 -15.3 11

  13. Slide 13: Covid-19 guiding principles

    Covid-19 guiding principles People The health, safety and trust of our people is of paramount importance Business continuity We do everything we can to safeguard the continuity of our business and the appeal of our brands, including the business continuity of our customers and suppliers Communities

  14. Slide 14: Covid-19 and our people

    Covid-19 and our people Our actions  Global People & Health Covid-19 Task Force  Strict hygiene and social distancing guidelines  Majority of office employees working from home  Accelerated digital learning platforms  International travel ban Our commitments  No structural layoffs until the en

  15. Slide 15: Covid-19 and business continuity

    Covid-19 and business continuity Our actions Our commitments  Global actions:  Scaling up initiatives in support of on-  Suspension of travel, events and hiring trade customers  Suspension of all non-committed capex, unless business critical  Paying suppliers at agreed payment terms and will su

  16. Slide 16: Covid-19 and our communities

    Covid-19 and our communities Our actions  Local initiatives in support of those who are at the front line, approaching a value of €5m  HEINEKEN donation of €15 million to support IFRC relief efforts in Africa, Asia and Latin America  Heineken family donation of €10 million to eight charities supp

  17. Slide 17: Financing Update

    Financing Update  HEINEKEN has entered the crisis with a strong balance sheet:  Undrawn committed revolving credit facility of €3.5 billion  There are no financial covenants in the outstanding debt  In Q1, HEINEKEN secured extra financing, including bonds for a total of €1.5 billion  HEINEKEN i

  18. Slide 18: Agenda

    Agenda AGM 2020 Heineken N.V. 1. 2019 a. Report of the Executive Board for the financial year 2019 — Presented by Jean-François van Boxmeer Chairman Executive Board / CEO b. Advisory vote on the 2019 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. A

  19. Slide 19: 1b. Advisory vote on the 2019 remuneration report

    1b. Advisory vote on the 2019 remuneration report 18

  20. Slide 20: Agenda

    Agenda AGM 2020 Heineken N.V. 1. 2019 a. Report of the Executive Board for the financial year 2019 — Presented by Jean-François van Boxmeer Chairman Executive Board / CEO b. Advisory vote on the 2019 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. A

  21. Slide 21: The independent auditor’s report

    The independent auditor’s report REPORT OF THE COVID-19 EXECUTIVE BOARD • Considered the impact of COVID-19 (as • Prepared in accordance with Part 9 Book a subsequent event) on the going 2 of the Dutch Civil Code. concern assumption of HEINEKEN. • Consistent with consolidated financial • We will add

  22. Slide 22: 1c. Adoption of the 2019 financial statements of the Company

    1c. Adoption of the 2019 financial statements of the Company 21

  23. Slide 23: Agenda

    Agenda AGM 2020 Heineken N.V. 1. 2019 a. Report of the Executive Board for the financial year 2019 — Presented by Jean-François van Boxmeer Chairman Executive Board / CEO b. Advisory vote on the 2019 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. A

  24. Slide 24: Agenda

    Agenda AGM 2020 Heineken N.V. 1. 2019 a. Report of the Executive Board for the financial year 2019 — Presented by Jean-François van Boxmeer Chairman Executive Board / CEO b. Advisory vote on the 2019 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. A

  25. Slide 25: 1e. Adoption of the dividend proposal for 2019

    1e. Adoption of the dividend proposal for 2019 24

  26. Slide 26: Agenda

    Agenda AGM 2020 Heineken N.V. 1. 2019 a. Report of the Executive Board for the financial year 2019 — Presented by Jean-François van Boxmeer Chairman Executive Board / CEO b. Advisory vote on the 2019 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. A

  27. Slide 27: 1f. Discharge of the members of the Executive Board

    1f. Discharge of the members of the Executive Board 26

  28. Slide 28: Agenda

    Agenda AGM 2020 Heineken N.V. 1. 2019 a. Report of the Executive Board for the financial year 2019 — Presented by Jean-François van Boxmeer Chairman Executive Board / CEO b. Advisory vote on the 2019 remuneration report (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee c. A

  29. Slide 29: 1g. Discharge of the members of the Supervisory Board

    1g. Discharge of the members of the Supervisory Board 28

  30. Slide 30: Agenda

    Agenda AGM 2020 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

  31. Slide 31: 2a. Authorisation to acquire own shares

    2a. Authorisation of the Executive Board to acquire own shares 30

  32. Slide 32: Agenda

    Agenda AGM 2020 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

  33. Slide 33: 2b. Authorisation to issue (rights to) shares

    2b. Authorisation of the Executive Board to issue (rights to) shares 32

  34. Slide 34: Agenda

    Agenda AGM 2020 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

  35. Slide 35: 2c. Authorisation to restrict or exclude shareholders’ pre-emptive rights

    2c. Authorisation of the Executive Board to restrict or exclude shareholders’ pre-emptive rights 34

  36. Slide 36: Agenda

    Agenda AGM 2020 Heineken N.V. 3. Remuneration Executive Board Adjustments to the remuneration policy for the Executive Board (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee 4. Remuneration Supervisory Board Adoption of a remuneration policy for the Supervisory Board (voti

  37. Slide 37: 3. Adjustments to the remuneration policy for the Executive Board

    3. Adjustments to the remuneration policy for the Executive Board 36

  38. Slide 38: Agenda

    Agenda AGM 2020 Heineken N.V. 3. Remuneration Executive Board Adjustments to the remuneration policy for the Executive Board (voting item) — Explanation by Maarten Das, Chairman Remuneration Committee 4. Remuneration Supervisory Board Adoption of a remuneration policy for the Supervisory Board (voti

  39. Slide 39: 4. Adoption of a remuneration policy for the Supervisory Board

    4. Adoption of a remuneration policy for the Supervisory Board 38

  40. Slide 40: Agenda

    Agenda AGM 2020 Heineken N.V. 5. Re-appointment of the External Auditor for a period of one year (voting item) 39

  41. Slide 41: 5. Re-appointment of the External Auditor for a period of one year

    5. Re-appointment of the External Auditor for a period of one year 40

  42. Slide 42: Agenda

    Agenda AGM 2020 Heineken N.V. 6. Amendments to the Articles of Association a. Amendments to the Articles 7, 9, 10, 12, 13 paragraph 1 and Article 18 (voting item) b. Amendment to Article 13 paragraph 10 (voting item) 41

  43. Slide 43: 6a. Amendments to Articles 7, 9, 10, 12, 13 paragraph 1 and Article 18

    6a. Amendments to Articles 7, 9, 10, 12, 13 paragraph 1 and Article 18 42

  44. Slide 44: Agenda

    Agenda AGM 2020 Heineken N.V. 6. Amendments to the Articles of Association a. Amendments to the Articles 7, 9, 10, 12, 13 paragraph 1 and Article 18 (voting item) b. Amendment to Article 13 paragraph 10 (voting item) 43

  45. Slide 45: 6b. Amendment to Article 13 paragraph 10

    6b. Amendment to Article 13 paragraph 10 44

  46. Slide 46: Agenda

    Agenda AGM 2020 Heineken N.V. 7. Composition Executive Board Appointment of Mr. D. van den Brink as member of the Executive Board (voting item) 8. Composition Supervisory Board Re-appointment of Mrs. P. Mars Wright as member of the Supervisory Board (voting item) Closing 45

  47. Slide 47: 7. Appointment of Mr. D. van den Brink as member of the Executive Board

    7. Appointment of Mr. D. van den Brink as member of the Executive Board 46

  48. Slide 48: Agenda

    Agenda AGM 2020 Heineken N.V. 7. Composition Executive Board Appointment of Mr. D. van den Brink as member of the Executive Board (voting item) 8. Composition Supervisory Board Re-appointment of Mrs. P. Mars Wright as member of the Supervisory Board (voting item) Closing 47

  49. Slide 49: 8. Re-appointment of Mrs. P. Mars Wright as member of the Supervisory Board

    8. Re-appointment of Mrs. P. Mars Wright as member of the Supervisory Board 48

  50. Slide 50: Agenda

    Agenda AGM 2020 Heineken N.V. 7. Composition Executive Board Appointment of Mr. D. van den Brink as member of the Executive Board (voting item) 8. Composition Supervisory Board Re-appointment of Mrs. P. Mars Wright as member of the Supervisory Board (voting item) Closing 49

  51. Slide 51: 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 23 April 2020, 4:00 p.m. (CET)  You can follow the AGM live via the webcast of Heineken Holding: https://www.heinekenholding.com/governance/agm 50

  52. Slide 52: HEINEKEN

    "HEINEKEN

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