Heineken Nv · EURONEXT:HEIA

Heineken Nv — H1 2019 Earnings Presentation

15 slides from Heineken Nv's earnings presentation, Jul 29, 2019

  1. Slide 1: 2019 Half Year Earnings Release

    Heineken N.V. 2019 Half Year Earnings Release Jean-François van Boxmeer, CEO Laurence Debroux, CFO Amsterdam | July 29, 2019 | 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: 2019 HY Key Highlights

    2019 HY Key Highlights  Net revenue (beia) OG +5.6%  Net revenue (beia) OG per hectolitre +3.0%  Consolidated beer volume OG +3.1%  Heineken® volume +6.9%  Operating profit (beia) OG +0.3%, full year expectations unchanged  Operating profit (beia) margin 15.6% (-47 bps)*  Net profit (beia) €1

  4. Slide 4: Regional Review

    Regional Review 2019 HY Organic Growth % Africa, Middle East Heineken NV & Eastern Europe Americas Asia Pacific Europe Consolidated beer volume 3.1 7.1 2.9 10.4 -1.5 Price mix on a constant 3.5 2.0 6.6 1.9 2.4 geographic basis Net revenue (beia) 5.6 10.0 7.2 11.0 1.4 Operating profit (beia) 0.3 1.9

  5. Slide 5: Heineken volume +6.9%

    Heineken volume +6.9% ®  Positive performance in all regions, double digit in Africa, Middle East & Eastern Europe and Americas  Double digit growth in Brazil, Mexico, South Africa, Russia, Nigeria, UK, Portugal, Germany and Romania  Heineken® 0.0, now available in 51 markets, continues to gain t

  6. Slide 6: Strong top-line growth

    Strong top-line growth Developing our international brands Building Craft & Variety Leading Low- and no-alcohol innovations  High-single digit growth  Low-single digit growth  High-single digit growth  Double digit growth of Tiger and Amstel  Affligem grew double digit  Zero Zone deployed in 2

  7. Slide 7: Brewing a Better World

    Brewing a Better World  Steady progress towards our targets  Launched ‘Every Drop’ water vision for 2030  Completed projects at the Itu brewery in Brazil and the Schladming brewery in Austria for a total of 12 biomass facilities operational  New projects to increase local sourcing in Burundi, th

  8. Slide 8: Financial Overview

    Financial Overview Key Financials €m unless otherwise stated 2019 HY Total growth Organic growth* Revenue 13,597 5.9% Net revenue (beia) 11,446 6.2% 5.6% Operating profit (beia) 1,781 3.1% 0.3% Operating profit (beia) margin 15.6% -47 bps Net profit (beia) 1,054 -0.4% -1.2% Net profit 936 -1.4% Dilu

  9. Slide 9: Net revenue (beia): +5.6% organic growth

    Net revenue (beia): +5.6% organic growth Organic growth +5.6% +3.0% €m +2.5% +1.0% €m -0.3% 11,446 10,777 2018 2018 HY NetHYrevenue Consolidation impact Currency translation Total volume Net Rev/hl 2019 HY NetHY 2019 revenue (beia) restated* Net revenue Net(beia) revenue (beia) restated* (beia) * Re

  10. Slide 10: Operating profit (beia): +0.3% organic growth

    Operating profit (beia): +0.3% organic growth +2.5% +0.3% €m +0.2% €m 1,728 1,781 2018 HY2018 Operating HY profit Consolidation impact Currency translation Organic growth 2019 HY2019 Operating HY profit (beia) restated* Operating profit (beia)profit Operating (beia) restated* (beia) * Restated for I

  11. Slide 11: Diluted EPS (beia): €1.84, -0.8%

    Diluted EPS (beia): €1.84, -0.8% -0.8% 2.3% -1.2% -0.3% -1.6% €1.89 €1.86 €1.84 -€0.03 €0.04 -€0.02 -€0.01 2018 HY 2018Diluted HY EPS 20182018 HY Diluted HY EPS Consolidation impact Currency translation Organic growth Shares sold to CRE 2019 HY 2019Diluted HY EPS (beia)EPS Diluted (beia) restated* D

  12. Slide 12: Free Operating Cash Flow of €578 million

    Free Operating Cash Flow of €578 million 2018 HY €m unless otherwise stated 2019 HY (RESTATED)¹ Vs. LY Cash flow from operations (before 2,633 2,232 401 changes in working capital) Change in inventories -332 -231 -101 Change in trade and other receivables -769 -628 -141 Change in trade and other pay

  13. Slide 13: Net debt/EBITDA (beia)

    Net debt/EBITDA (beia) 0.1x 0.4x • Committed to long 0.1x term target <2.5x • BBB+/Baa1 ratings 2.9x reconfirmed by S&P/ 2.3x Moody’s with stable outlooks Net debt/EBITDA IFRS 16 Acquisitions & Other** Net debt/EBITDA (beia) 2018* disposals (beia) HY 2019* Net debt (€ billion): 12.1 1.2 2.4 0.3 16.0

  14. Slide 14: Full Year Outlook

    Full Year Outlook  For 2019, we expect :  Continued volatility in economic conditions  Superior top-line growth driven by volume growth, price increases and premiumisation  Mid-single digit increase of input and logistic costs per hectolitre  Continued cost management initiatives and productivi

  15. Slide 15: HEINEKEN

    "HEINEKEN

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