Anheuser-busch Inbev Sa/nv · EURONEXT:ABI

Anheuser-busch Inbev Sa/nv — Q1 2021 Earnings Presentation

26 slides from Anheuser-busch Inbev Sa/nv's earnings presentation, May 6, 2021

Slide 1: 1Q21 results
6 MAY 2021 ADE WITH REAL AWAR-ONNING SPARS, \ ee CUTWATER’ BRUTAL PGALTHAL BUD RUT | hey RUM LIGHT SELTZER MANGO EPG|A8S NAH Hetetob ULTRA ORGANIC SELTZER MIXED BERRY
Slide 2: Legal disclaimer
Legal disclaimer Certain statements contained in this report that are not statements of historical fact constitute forward-looking statements, notwithstanding that such statements are not specifically identified. In addition, certain statements may be contained in the future filings of the Company w
Slide 5: Beer is an engine of economic recovery, with an inherently local value chain
DOING OUR PART FOR THE RECOVERY Beer is an engine of economic recovery, with an inherently local value chain Extensive value chain Engine for job creation with tens of thousands of for every brewery job in the partners upstream US, >30 jobs are created in (farmers, brewers, bottling) the supply chai
Slide 6: We are investing in the economic recovery across our markets
DOING OUR PART FOR THE RECOVERY We are investing in the economic recovery across our markets US Investing $1B China Investing in our brewing in manufacturing & footprint and capabilities sustainability across in China with our latest 26 states over the smart, green brewery next two years in Wenzhou
Slide 7: Supporting vaccination efforts to bring people together again
DOING OUR PART FOR THE RECOVERY Supporting vaccination efforts to bring people together again • At the global level, we developed a toolkit in partnership with UNITAR to create successful vaccination campaigns • In the US, Budweiser did not advertise during the Superbowl for the first time in 37 yea
Slide 9: 1Q21 operating performance
1Q21 RESULTS 1Q21 operating performance Total volumes +13.3% Own beer +14.9 % and non-beer +4.0 % Total revenue +17.2 % Revenue per hl +3.7 % Strong EBITDA +14.2% momentum with EBITDA margin contracted by 91 bps to 34.7 % beer volumes Normalized EPS increased from -$0.42 to $0.51 Underlying EPS incr
Slide 10: 1Q21 commercial highlights
1Q21 RESULTS 1Q21 commercial highlights Reaching more consumers with a diverse portfolio: • Share gains in core and value segments • Premium and Beyond Beer grew revenue by double-digits Digital platforms gaining scale across our markets: • BEES delivered $3B in gross merchandise value (GMV) & 1.5M
Slide 11: 1Q21 key market takeaways
1Q21 RESULTS 1Q21 key market takeaways US Europe Consistent execution of our commercial strategy Strong growth in off-premise volumes powered by driving top and bottom-line growth premiumization Mexico South Africa Strong and balanced top-line growth, ahead of the January alcohol ban impacted top-li
Slide 12: Our premiumization strategy is working
1Q21 RESULTS Our premiumization strategy is working • Premium now represents >30% of our revenue (up from ~24% in 2017) • Our premium portfolio grew revenue by 28% in 1Q21 • This growth is also accretive to our bottom-line, as our premium brands carry a higher dollar profit per hl than our core bran
Slide 13: Our global brands are leading the way in premiumization
1Q21 RESULTS Our global brands are leading the way in premiumization Global brands in 1Q21 grew revenue by +29.5% and by 46.4% outside of home markets vs. 1Q20 vs. 1Q20 vs. 1Q20 vs. 1Q20 +62% +19% +43% vs. 1Q19 vs. 1Q19 vs. 1Q19 +16% +33% +35% 1Q21 revenue 1Q21 revenue 1Q21 revenue outside the US ou
Slide 15: Beyond Beer emerging as a 4th category with significant potential
BEYOND BEER Beyond Beer emerging as a 4th category with significant potential Beyond Beer has emerged as the 4th category, at Beyond Beer is expected to grow to a $58B the intersection of traditional alcohol categories category by 2024 (45% absolute growth) Beyond Beer Beyond Beer (ready-to-drink be
Slide 16: Building a superior portfolio with the category expansion framework
BEYOND BEER Building a superior portfolio with the category expansion framework Premiumization Beyond Beer Wheat & Lager Other beer Beyond Beer Seltzer, RTD, Flavored Beer Styles Mixed Spirits Cider, Wine Classic Lager Neat Spirits Easy Drinking Smart Affordability © AB InBev 2021 – All rights reser
Slide 17: We have established a Beyond Beer innovation funnel that works
BEYOND BEER We have established a Beyond Beer innovation funnel that works PRE-SEED SEED LAUNCH GROW SCALE Organic innovation: agile, learn, pivot quickly, prepare for scale Leverage the power of AB InBev’s global scale and Inorganic innovation: investing in promising emerging companies distribution
Slide 18: We have a strong portfolio of Beyond Beer products across the globe
BEYOND BEER We have a strong portfolio of Beyond Beer products across the globe Hard Seltzer We have ~90 total brands in ~40 countries © AB InBev 2021 – All rights reserved | 18
Slide 19: Our Beyond Beer portfolio is growing fast, at a higher gross profit per hl
BEYOND BEER Our Beyond Beer portfolio is growing fast, at a higher gross profit per hl Beyond Beer delivered 1.2B USD in On average, our Beyond Beer products are ~20% revenue in 2020 and grew >40% in 1Q21 more profitable than our traditional beer portfolio Revenue (USD) Gross profit per hl 1.2B ~20%
Slide 21: Underlying EPS increased from $0.51 in 1Q20 to $0.55 in 1Q21
FINANCIALS Underlying EPS increased from $0.51 in 1Q20 to $0.55 in 1Q21 0.06 -0.07 0.01 -0.09 0.55 0.15 0.51 1Q20 Normalized EBIT Net finance cost Income tax expense Associates Non-controlling 1Q21 interest © AB InBev 2021 – All rights reserved | 21
Slide 22: Bond maturity profile
FINANCIALS Bond maturity profile Well-distributed due to our proactive liability management 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 20 20 20 20 20 20 20 20 20 20 20 20 20 20
Slide 23: Our bond portfolio is largely protected against interest rate volatility
FINANCIALS Our bond portfolio is largely protected against interest rate volatility, with long-weighted average maturity and no financial covenants Addressed upcoming 96% of our bond Diverse currency mix Very manageable maturities to eliminate near-term portfolio is fixed rate reduces risk pre-tax c
Slide 24: Capital allocation priorities
FINANCIALS Capital allocation priorities Our optimal capital structure calls for a Net Debt/EBITDA ratio of approximately 2x Organic growth 1 Investing in the organic growth of our business 2 Deleveraging Deleveraging to around the 2x level remains our commitment Selective M&A 3 Non-organic, externa
Slide 26: Thank you
Thank you

Anheuser-Busch InBev — Q1 2021 Earnings Presentation on 6ix

Anheuser-busch Inbev Sa/nv — Q1 2021 Earnings Presentation

Slide 1: 1Q21 results

Slide 2: Legal disclaimer

Slide 3: Agenda

Slide 4: Doing our part for the recovery

Slide 5: Beer is an engine of economic recovery, with an inherently local value chain

Slide 6: We are investing in the economic recovery across our markets

Slide 7: Supporting vaccination efforts to bring people together again

Slide 8: 1Q21 results

Slide 9: 1Q21 operating performance

Slide 10: 1Q21 commercial highlights

Slide 11: 1Q21 key market takeaways

Slide 12: Our premiumization strategy is working

Slide 13: Our global brands are leading the way in premiumization

Slide 14: Beyond Beer

Slide 15: Beyond Beer emerging as a 4th category with significant potential

Slide 16: Building a superior portfolio with the category expansion framework

Slide 17: We have established a Beyond Beer innovation funnel that works

Slide 18: We have a strong portfolio of Beyond Beer products across the globe

Slide 19: Our Beyond Beer portfolio is growing fast, at a higher gross profit per hl

Slide 20: Financials

Slide 21: Underlying EPS increased from $0.51 in 1Q20 to $0.55 in 1Q21

Slide 22: Bond maturity profile

Slide 23: Our bond portfolio is largely protected against interest rate volatility

Slide 24: Capital allocation priorities

Slide 25: Q&A

Slide 26: Thank you