Heineken Nv · EURONEXT:HEIA
Heineken Nv — Investor Presentation (May 2025)
100 slides from Heineken Nv's investor presentation, May 2025
Slide 1: Heineken N.V. Investor Presentation May 2025
Heineken N.V. Investor Presentation May, 2025
Slide 2: Mobilising the organisation and deploying EverGreen at scale
We’re mobilising the organisation and deploying EverGreen at scale as we pursue our dream to shape the future of beer and beyond. 2
Slide 3: 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 4: Group Overview, Our Strategy
Group Our Strategy Supporting Overview — Evergreen Brew a Better Strategy Progress World Targets, Information Brew a Better World Targets, Latest Results Outlook Strategy & Progress Leverage Financial Policy Latest Results & Outlook Our Markets Leverage & Financial Policy Governance, Ownership Share
Slide 5: Group Overview
Group Overview Beer has been bringing people together for thousands of years. Since 1864, HEINEKEN has been doing its part to put a smile on consumers’ faces while continuously renewing and adapting. Our best days are ahead of us as we continue to deliver superior and balanced growth with beer and b
Slide 6: At a Glance
At a Glance “ We delivered strong top and bottom-line performance while investing in the future. I’m proud of our 85,000 employees: volatility remains, but we’re navigating it with agility and resilience. #1 Brewer in Europe >190 Beer volume grew organically in all regions, with net revenue (beia) i
Slide 7: Building on our strengths to deliver superior growth
Building on our strengths to deliver superior growth Advantaged for growth Diversified footprint Powerful portfolio > 40% 71 Revenues from premium # 1 & 2 Positions1 > 20% Heineken® % total volume Strong brands 45% vs 55% Brand Power 100 – 150 bps Developed vs Emerging markets Market Share Ahead of
Slide 8: A balanced footprint, skewed towards growth
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Operating Companies Joint Venture / Associates Licenses A balanced footprint, skewed towards growth Export Europe Americas AMEE APAC Improve profitability Progressivel
Slide 9: Heineken: Shaping the category since 1864
Heineken : Shaping the category since 1864 ® Heineken® Ambition Beer Brand #1 by RSV 2019 Heineken Silver launch drives success in Asia >190 Countries Be the most 1970s meaningful Drives growth 2017 of lager in UK Heineken 0.0 reframes beer brand with non-alcoholic beer 1950’s young adult 2010 ‘Beer
Slide 10: Global leader in 0.0
Global leader in 0.0 Leading the 0.0 category, delivering growth, profitability and moderation #1 0.0 portfolio Global leader in 0.0 beer1 expanding +10% Double-digit Volume growth of Heineken® 0.0 in FY24 growth In 28 markets during FY24 117 Markets where Heineken® 0.0 is available >40% of the glob
Slide 11: Our dream is to shape the future of beer and beyond
Our dream is to shape the future of beer and beyond Beyond beer Expand beer Core beer Expand beer Beyond beer Lager Energy Cider Specialty LAGER ABV ABV % HIGH ABV 0.0% % NONE % NONE Craft Flavoured Malt Seltzer & RTDs Note: Innovation revenue excludes packaging Source: Internal data 14 Group Overvi
Slide 12: Our Strategy — EverGreen
Our Strategy — EverGreen EverGreen is a bold strategy to deliver superior and balanced growth and the next evolution of our HEINEKEN business. As a 161-year-old company, we think in generations and deliver long-term, sustainable value creation. 15 Group Overview Our Strategy — Evergreen Supporting I
Slide 13: HEINEKEN has successfully navigated evolving seasons
HEINEKEN has successfully navigated evolving SEASONS Industrial International Mass Global Shape the Future of Revolution Expansion Marketing Consolidation Beer & Beyond 16 Group Overview Our Strategy — Evergreen Supporting Information
Slide 14: Our next Growth Chapter
Our next Growth Chapter | Renewal inspired by nature’s resilience Future proof HEINEKEN BUILDING ON SUSTAINING STRENGTHS A MULTI-YEAR, GROWTH ADDRESSING MULTI-DIMENSIONAL IN A FAST CHALLENGES CHANGING WORLD JOURNEY Speed, Agility & External Orientation 17 Group Overview Our Strategy — Evergreen Supp
Slide 15: Key EverGreen shifts
Key EverGreen shifts Superior Top-line Growth Company Superior & Balanced Growth Company M&A driven, footprint expansion AND Accelerate Organic Growth Premium leadership & market leader in Cider Scale Premiumisation & Consumer-centric innovation Excellent execution & customer relations AND Data Driv
Slide 16: Five Strategic Priorities
Five Strategic Priorities ① SHAPE THE FUTURE OF BEER & BEYOND • Advantaged footprint • Scale premiumisation • Pioneer Lo/No • Explore beyond beer ② DIGITAL Become the best connected brewer ③ PRODUCTIVITY Fund the growth, fuel the profit ④ SUSTAINABILITY Raise the bar on sustainability & responsibili
Slide 17: EverGreen | Our Ambition
EverGreen | Our Ambition 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 focus on How we create value How we measure success 20 G
Slide 18: Beer is a great category
Beer is a great category Consumers love Beer Big Opportunities Accessible / Inclusive Big Emerging markets Under-served consumers Moderate Growing share of Premium throat Under-represented Natural occasions Profitable Local 21 Group Overview Our Strategy — Evergreen Supporting Information
Slide 19: Big opportunities for growth
Big opportunities for growth Under-represented Under-served Narrow taste Super occasions consumers profile Premium Beer share of high Beer penetration energy occasions with men >90% x 2.5 1.2x +20pp of beer category Spirits category value vs share of low energy higher than with is lager Beer in Supe
Slide 20: Beer is a growing & profitable category, recovering post-pandemic
Beer is a growing & profitable category, recovering post-pandemic Beer volume growth 1999-20231, mhl Beer as % Total Alcohol Beverage2 +2% CAGR +1% +0% CAGR Volume1 Value CAGR 39% 50% Beer 1999 2019 2023e Cider RTD Covid Spirits 1. Converted to servings -19 Wine Source: 1: GlobalData, 2: IWSR 2023 2
Slide 21: Premium Beer is a significant opportunity for growth
Premium Beer is a significant opportunity for growth In both Developed & Emerging Markets Premium Beer Premium Beer Premium Beer >50% is has grown c.25% >2x gross profit/hl higher of total beer market volume faster than mainstream than category beer in last 20 years 24 Group Overview Our Strategy —
Slide 22: Shape the future of beer & beyond to win the hearts of consumers
Our Dream Shape the future of beer & beyond to win the hearts of consumers 25 Group Overview Our Strategy — Evergreen Supporting Information
Slide 23: Shape the future of beer & beyond
Shape the future of beer & beyond Priorities for segments and categories 1 2 3 4 Advantaged Scale Pioneer Explore Footprint Premiumisation Lo/No Beyond Beer 26 Group Overview Our Strategy — Evergreen Supporting Information
Slide 24: Each region has a clearly defined role
Each region has a clearly defined role Europe Americas AMEE APAC Improve profitability Progressively capture Create more value Seize a larger share and value creation a larger share of the from the large long- of the expected by winning in premium profit pool by term growth potential growth at attra
Slide 25: Scale Premiumisation
Scale Premiumisation Led category premiumisation Drive premiumisation with Heineken® at scale >40% Revenues from premium Launch Heineken® Silver Heineken® #1 beer brand by value Scale International brands [e.g. Tiger 12 markets where Heineken® >1mhl & Desperados] & replicate success Local premium ch
Slide 26: Pioneer Lo/No
Pioneer Lo/No First mover with Heineken® 0.0 Widen portfolio to accelerate Heineken® 0.0 #1 non-alcoholic beer globally Extend 0.0 options across entire portfolio Heineken® 0.0 > 100 countries Innovate in flavoured, local & craft 0.0s Build on #1 in malts with 20 non-alcoholic malt brands, into ener
Slide 27: Explore Beyond Beer
Explore Beyond Beer Cider & Desperados Broaden & scale through led portfolio Innovation #1 Cider portfolio globally Consumer centric innovation, scaled through innovation hubs #1 Spirit Beer brand: Desperados - expanded into flavoured beers Build on capabilities & experience from cider #1 in Beyond
Slide 28: Digital | become the best connected brewer
Digital | become the best connected brewer Digitally transforming …whilst modernizing & our business “front-end”... simplifying the “back-end” Digitise our Data Driven Secure Digitally Simplification Route to Insights & Digital Enabled & Automation Consumer Foresights Backbone Organisation Deliverin
Slide 29: Productivity | to fund the growth and fuel the profit
Productivity | to fund the growth and fuel the profit Deliver productivity Build cost conscious culture Rigorous capital & resource savings capabilities allocation Consistent value Strategy creation from >€3 Billion operations Gross savings by end 2024 +€0.5 Billion Capability Culture Ahead of targe
Slide 30: Sustainability | raise the bar on sustainability & responsibility
Sustainability | raise the bar on sustainability & responsibility Clear ambition 2030 Making good progress Operationalising -34% absolute carbon reduction in production* vs 2022 *scope 1&2 New Circularity strategy with targets on resuse, recycled content and recyclability design 19% → 30% Females in
Slide 31: People | unlock the full potential of our people & organisation
People | unlock the full potential of our people & organisation “By empowering leaders and fostering inclusion, we’re not just building a future-ready organisation – we’re creating a culture where innovation and collaboration drive impact. Our goal is to be a true enabler of our EverGreen strategy,
Slide 32: EverGreen 2025
EverGreen 2025 2020 - 2021 2022 - 2023 2024 Set EverGreen direction Mobilise organisation & Accelerate EverGreen transformation & Build Team deliver EverGreen priorities & deliver long-term value creation Growth Capital Profitability efficiency Sustainability & Responsibility Navigating Building the
Slide 33: Delivering long term value creation across the Green Diamond
Delivering long term value creation l across the Green Diamond Superior & balanced growth Step up investment Capex <9% net revenue (beia) Growth Improve capital efficiency Capital Profitability efficiency €400 Million p.a. Gross Savings Sustainability & Responsibility Over time, operating profit gro
Slide 34: Capital allocation priorities
Capital allocation priorities 1 Invest for growth Organic growth and business expansion Net Debt / EBITDA (beia) <2.5x 2 Strict financial discipline Maintain long-term target 3 Consistent dividend policy Pay-out ratio 30-40% of net profit (beia) 4 Inorganic expansion Value-enhancing acquisitions Fur
Slide 35: Share buyback programme
Share buyback programme €1.5bn programme over 2 years announced • Repurchases €1.5 billion of our own shares over 2 years • Heineken Holding participating pro-rata to its shareholding • Heineken Holding simultaneously repurchasing up to €750 million of own shares over 2 years, using proceeds of its
Slide 36: Supporting Information
Supporting Brew a Better World Targets, Information Latest Results Outlook Strategy & Progress Latest Results & Outlook We are building execution and operational Leverage Financial Policy momentum to bring our Brew a Better World 2030 Leverage & Financial Policy ambitions to life. This means weaving
Slide 37: Brew a Better World 2030
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Brew a Better World 2030 Path to zero impact Path to an inclusive, fair and equitable world Path to moderation and no harmful use 40 Group Overview Our Strategy — Ever
Slide 38: Building momentum on Brew a Better World
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Building momentum on Brew a Better World Environmental Carbon emissions in scope 1&2 Kt CO21 Water Consumption hl/hl -34% 3.4 3.4 1,582 3.3 3.2 1,281 1,047 3.1 Social
Slide 39: More information on Brew a Better World
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information More information on Brew a Better World Our Policies Our Benchmarks & Ratings Our Brew a Better Our 2024 World Strategy Annual Report 42 Group Overview Our Strategy —
Slide 40: Supporting Information
Supporting Brew a Better Strategy Progress World Targets, Brew a Better World Targets, Information Strategy & Progress Latest Results & Outlook FY 2024 Results Leverage Financial Policy Outlook 2025 Leverage & Financial Policy Our Markets Our Markets Governance, Ownership Shareholder Information Gov
Slide 41: FY 2024 financial highlights
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information FY 2024 financial highlights +5.0% +3.5% Net revenue (beia) OG Net revenue (beia) OG per hl +1.6% +8.8% Total beer volume OG Heineken volume® (exc Russia) OG +8.3% +40
Slide 42: Africa & Middle East
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Africa & Middle East Nigeria • Successfully navigating a volatile environment • Solid volume with Heineken®, Goldberg, and Desperados +24.5% +20.6% • Growth in malts,
Slide 43: Americas
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Americas Mexico • Strong operating performance • Dos Equis, Tecate Original growing MSD to HSD +3.1% +2.8% • Mexican heritage underpinning DD Indio growth Net revenue
Slide 44: Asia Pacific
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Asia Pacific Vietnam • Market growth in both channels by Q4 • Very strong Heineken® Silver performance +5.3% +1.3% • Accelerating mainstream double digits, led by Bia
Slide 45: Europe
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Europe UK • Innovation-led share gains • Birra Moretti leading on-premise performance -1.5% +0.2% • Driving mainstream beer with Cruzcampo Net revenue (beia) OG Price
Slide 46: Heineken leading premium growth
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Heineken leading premium growth ® Expanding and innovating with Heineken® Volume, kHl Volume growth Heineken® 0.0 1 +8.8% +10.0% +75% (excl. Russia) Heineken® Silver 2
Slide 47: Restored balanced growth
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Restored balanced growth Net Revenue (beia): +5.0% organic increase Net Revenue (beia) €m Organic increase €1.505m 424 +1.4% -1,656 1,081 Volume OG -193 +4.1% Price-Mi
Slide 48: Delivered operating leverage
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Delivered operating leverage Operating Profit (beia): +8.3% organic increase, +40bps margin Operating Profit (beia) €m -236 367 -62 4,443 4,512 FY 2023 Organic growth
Slide 49: Additional key financial metrics
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Additional key financial metrics €m unless otherwise stated - Beia FY 2024 FY 2023 vs LY1 Operating Profit 4,512 4,443 +8.3% Share of Profit 312 270 +16.7% Net Interes
Slide 50: Strong cash flow generation
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Strong cash flow generation Free Operating Cash Flow €m 119 226 997 -43 3,058 1,759 FY 2023 Cash flow from Working capital Capex2 Interest, dividend FY 2024 operations
Slide 51: Outlook 2025
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Outlook 2025 Expect continued macro-economic challenges, reflected in outlook Subdued European consumer sentiment, EM volatility, and geopolitical fluctuations Continu
Slide 52: Supporting Information
Supporting Brew a Better Strategy Progress World Targets, Brew a Better World Targets, Information Latest Results Outlook Strategy & Progress Latest Results & Outlook Our ambition is to deliver superior, balanced growth to consistently create long-term shareholder value. Leverage & Financial Policy
Slide 53: Overview of financial debt position
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Overview of financial debt position (per 31 Dec 2024) Total Interest Bearing Debt1 of €17 billion Funding Sources € 13.8 8% 9% Heineken NV Subsidiaries Bank financing
Slide 54: A well-balanced bond maturity profile
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information A well-balanced bond maturity profile Optimise debt repayments via well balanced maturity profile Bond maturity profile per 31 December 2024* (in €m) incl. the currenc
Slide 55: Committed to long term target <2.5x
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Committed to long term target <2.5x Net Debt/EBITDA (beia) ratio APB Punch, Kirin Brasil CR Beer Covid-19 Distell Acquisition acquisitions Acquisition pandemic Acquisi
Slide 56: Conservative risk management policy
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Conservative risk management policy In both currencies and interest rates Currency split of Net Debt (per 31 Dec 2024) 5% 6% • HEINEKEN hedges up to 90% of its net US
Slide 57: Supporting Information
Supporting Brew a Better Strategy Progress World Targets, Brew a Better World Targets, Information Latest Results Outlook Strategy & Progress Latest Results & Outlook We take great pride in how balanced and diversified Leverage Financial Policy our footprint is, advantaged for growth, with a broad L
Slide 58: A balanced footprint, skewed towards growth
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information A balanced footprint, skewed towards growth Operating Companies Joint Venture / Associates Licenses Export Europe Americas AME APAC Glenn Caton Marc Busain Roland Pirm
Slide 59: Europe
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Europe 62 Group Overview Our Strategy — Evergreen Supporting Information
Slide 60: Leadership in Europe
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Leadership in Europe Improve profitability and value creation by winning in premium and leveraging our scale advantage 33% of Total 40% of Net Revenue 30% of Operating
Slide 61: Our E2E Supply Chain Transformation in Europe
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Our E2E Supply Chain Transformation in Europe From an Opco-focused supply chain... ...to a Customer-focused Network Operating Profit Margin - % of Revenue Netwo ms rk
Slide 62: Americas
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Americas USA Mexico Brazil 65 Group Overview Our Strategy — Evergreen Supporting Information
Slide 63: A strong presence in the most valuable global beer market
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information A strong presence in the most valuable global beer market Progressively capture a larger share of the profit pool by capitalising on our momentum 33% of Total 35% of N
Slide 64: Built through acquisitions, partnerships, and accelerated organic growth
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Built through successful acquisitions, winning partnerships, and accelerated organic growth Beer Volume 1 1999-2023 Brazil c.14x In 20 years 1% > 15% HEINEKEN share of
Slide 65: USA
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information USA #4 Market Position €103bn Beer Market Retail Sales Value 234 mhl Beer Market Volume +0.2% Source: Global data volume & retail sales value FY22; Beer Market Volume
Slide 66: Our priorities on our three Premium propositions
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Our priorities on our three Premium propositions Heineken® Dos Equis Lagunitas • Heineken® Original • Top 10 position in draught • #3 IPA • Heineken® 0.0 leadership in
Slide 67: Mexico
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Mexico #2 Market Position €20bn Beer Market Retail Sales Value 91 mhl Beer Market Volume +2.7% Source: Global data volume & retail sales value FY22; Beer Market Volume
Slide 68: Building a winning portfolio
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Building a winning portfolio … Premiumisation Tecate: #2 brand nationally remains a BIG opportunity Tecate volume growth Volume of premium portfolio in Mexico 1% 11% 1
Slide 69: Accelerating Six as a key driver of profitable share gain
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Accelerating Six as a key driver of profitable share gain The second largest retail chain in Mexico Our most profitable channel >1,200 new stores per year since 2018 c
Slide 70: Brazil
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Brazil #2 Market Position €31bn Beer Market Retail Sales Value 154 mhl Beer Market Volume +13% Source: Global data volume & retail sales value FY22; Beer Market Volume
Slide 71: Our business in Brazil has undergone a massive transformation
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Our business in Brazil has undergone a massive transformation From Economy to Premium-led Our ambition is to transform the market Share of Beer Volume by Price Segment
Slide 72: Winning in Premium and Pure Malt Mainstream in Brazil
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Winning in Premium and Pure Malt Mainstream in Brazil Heineken® and Amstel Brazil Volume Evolution, 2013-23 (mHL) #1 #1 Off trade brand Pure Malt by value1 +31% +68% M
Slide 73: Africa, Middle East and Eastern Europe
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Africa, Middle East and Eastern Europe Nigeria Ethiopia CC South Africa 76 Group Overview Our Strategy — Evergreen Supporting Information
Slide 74: A strong position in Africa's largest profit pools
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information A strong position in Africa’s largest profit pools Create more value from the large long-term growth potential by delivering balanced and profitable growth 17% of Tota
Slide 75: Africa is the fastest growing region in global beer
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Africa is the fastest growing region in global beer HEINEKEN volume evolution Africa drives global beer growth Growth over decades 5.9x 79% Africa’s share of global be
Slide 76: Nigeria
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Nigeria #1 Market Position €2.6bn Beer Market Retail Sales Value 16 mhl Beer Market Volume +2.8% Source: Global data volume & retail sales value; FY22 Beer Market Volu
Slide 77: A profound portfolio transformation in Nigeria
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information A profound portfolio transformation in Nigeria Completely reshaping our …And more than doubling Mainstream portfolio… the size of Premium Brand share of beer volumes1
Slide 78: Ethiopia
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Ethiopia #1 Market Position €2.6bn Beer Market Retail Sales Value 16 mhl Beer Market Volume +16% Source: Global data volume & retail sales value FY22; Beer Market Volu
Slide 79: From entry to market leadership in a decade
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information From entry to market leadership in a decade We have captured With a unique, broad, the growth potential in the market national portfolio of brands Volume1 Portfolio by
Slide 80: South Africa
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information South Africa #2 Market Position €5.3bn Beer Market Retail Sales Value 41 mhl Beer Market Volume +3.2% Source: Global data volume & retail sales value; Beer Market Volu
Slide 81: Distell acquisition transforming our Route to Consumer
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Distell acquisition transforming our Route to Consumer… To unlock the expansion Deepening our distribution Creating a new opportunity across penetration Southern Afric
Slide 82: Add significant scale and unlock synergies
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information …add significant scale and unlock synergies A larger scale #2 player With significant synergies in Total Alcohol Beverage to drive value Share of Total Alcohol Beverag
Slide 83: Asia Pacific
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Asia Pacific South East Asia South Asia China JV Oceania North Asia Continue growth Drive long-term category Lead market premium Expand the category Evolve our existin
Slide 84: HEINEKEN has a broad presence in the Asia Pacific region
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information HEINEKEN has a broad presence in the Asia Pacific region… Seize a larger share of the expected growth at attractive profit margins by premiumising our portfolio 17% of
Slide 85: Capturing the growth opportunity
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information …capturing the growth opportunity Volume evolution1 India UBL 1% > 6% 10x Vietnam China (Licensed volume) 3% > 17% exc China Others HEINEKEN share of beer in APAC2, In
Slide 86: Our strategy is adapted to best capture future growth
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information … and our strategy is adapted to best capture future growth Beer-led Sophisticated Maintain beer Expand beer relevance and and selectively premiumise Domestic beer-led
Slide 87: Vietnam
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Vietnam #1 Market Position €11bn Beer Market Retail Sales Value 46 mhl Beer Market Volume +3.6% Source: Global data volume & retail sales value FY22; Beer Market Volum
Slide 88: Vietnam: from entry to market leadership in 30 years
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Vietnam: from entry to market leadership in 30 years… #1 Uncaging the full potential of Vietnam 25% Volume CAGR* 1 Strengthen our leadership in premium Drivers for fut
Slide 89: Evolving our portfolio for broad market leadership
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Evolving our portfolio for broad market leadership We will continue While strengthening our Regional brands growing >3X to drive premium position in mainstream in size
Slide 90: Geographic, coverage and portfolio expansion opportunities
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Geographic, coverage and portfolio expansion opportunities Asymmetric penetration To accelerate coverage Continued represents an opportunity expansion via eB2B portfol
Slide 91: India
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information India #1 Market Position €10bn Beer Market Retail Sales Value 28 mhl Beer Market Volume +3.7% Source: Global data volume & retail sales value FY22; Beer Market Volume
Slide 92: India is the last frontier of beer growth
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information India is the last frontier of beer growth, yet to be unlocked Strategy and market profile to unlock future growth Obstacles to overcome 1.4 Billion Improve beer 10% Po
Slide 93: China
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information China #1 Market Position €65bn Beer Market Retail Sales Value 488 mhl Beer Market Volume +6.2% Source: Global data volume & retail sales value FY22; Beer Market Volume
Slide 94: A strong growth partnership in China
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information A strong growth partnership in China Now our second largest Heineken® market globally Volume growth momentum Generating meaningful contribution Significant distributio
Slide 95: Supporting Information
Supporting Brew a Better Strategy Progress World Targets, Brew a Better World Targets, Information Latest Results Outlook Strategy & Progress Latest Results & Outlook Leverage Financial Policy Leverage & Financial Policy Our Markets Our Markets Governance, Ownership & Shareholder Information 102 Gro
Slide 96: HEINEKEN's Executive Team
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information HEINEKEN’s Executive Team Dolf van den Brink Harold van den Broek Chief Executive Officer & Chief Financial Officer & Chairman of the Executive Board Member of the Exe
Slide 97: Ownership structure based on issued shares
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Ownership structure based on issued shares L’Arche Green N.V. Public 53.171% Heineken Holding N.V. 46.829%* 50.005% Heineken N.V. 49.995% *Including the 0.03% stake he
Slide 98: Sponsored Level 1 ADR Programmes
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Sponsored Level 1 ADR Programmes Heineken N.V. Heineken Holding N.V. Bloomberg ticker: HEINY Bloomberg ticker: HKHHY ISIN: US4230123014 ISIN: US4230081014 Cusip: 42301
Slide 99: Contact Us
Brew a Better World Latest Results & Outlook Leverage & Financial Policy Our Markets Governance, Ownership & Shareholder Information Contact Us E-mail: investors@heineken.com Tel: +31-20-5239590 Tristan van Strien Lennart Scholtus Investor Relations Investor Relations Director Manager Chris Steyn Mi
Slide 100: HEINEKEN
HEINEKEN