Molson Coors Beverage Company · NYSE:TAP
Molson Coors Beverage — Q4 2021 Earnings Presentation
20 slides from Molson Coors Beverage's earnings presentation, Feb 23, 2022
Slide 1: Fourth Quarter & Fiscal Year 2021
Fourth Quarter & Fiscal Year 2021 February 23, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the U.S. federal securities laws. Generally, the words “believe,” "aims," “expect,” “intend,” “anticipate,” “project,” “will,” “outlook,” and similar expressions identify forward-looking statemen
Slide 3: Chief Executive Officer Gavin Hattersley
Chief Executive Officer Gavin Hattersley 3
Slide 4: Growing Our Two Biggest Brands in the U.S. & Globally
Growing Our Two Biggest Brands in the U.S. & Globally Coors Light and Miller Lite each grew net sales revenue in 2021 4
Slide 5: Above Premium & Beyond Beer Segments
A larger global Above Premium portfolio than ever before – with our hard seltzer portfolio growing at the fastest rate of any major beverage company in the U.S. Moving to scale Beyond the Beer aisle – on the back of the fastest-growing energy drink in the U.S. per IRI Gaining traction in Above Premi
Slide 6: Strengthening Global Presence
Executing Against the Pillars of Our Revitalization Plan Strengthening Global Building on the strength of our core Presence Premiumizing our portfolio Expanding beyond beer 6
Slide 7: Core Brands Deliver Revenue Growth
Core Brands Deliver Revenue Growth United States Net sales revenue improved +4.4% +7.6% nationally in 2021, with growth Coors Miller from Coors Light and Miller Lite. Light Lite Canada Coors Light grew net sales revenue in the fourth quarter, while Miller Lite net sales revenue was up double digits
Slide 8: Above Premium Continues to Grow Within Total Portfolio
Above Premium Continues to Grow Within Total Portfolio Topo Chico Vizzy Blue Moon Peroni Madri & Pravha Simply Spiked Hard Seltzer Top 5 U.S. hard seltzer Belgian White Achieved In EMEA & APAC, Madri is Lemonade Jumped to the second brand and gaining Grew net sales revenue in double-digit delivering
Slide 9: Emerging Growth Business Tracking Ahead of Annual Revenue Goal
Emerging Growth Business Tracking Ahead of Annual Revenue Goal Fuelled by ZOA and Latin America $1B* Latin America ZOA The fastest-growing energy drink in the U.S. per IRI Beer license and export business generating double- digit brand volume #2 Revenue Ambition growth and record sales in many of ou
Slide 10: Investing in Our Capabilities
In Canada, we will soon turn on a new hard seltzer and spirit production line in Toronto and have our new state-of-the-art In the U.K., we are adding brewery online in Montreal new canning and production capabilities In the U.S., new hard seltzer production capabilities will be coming online Investi
Slide 11: The foundation is laid for sustainable, long-term growth
The foundation is laid for sustainable, long-term, top- and bottom-line growth In 2022, Molson Coors plans to deliver the highest top- and bottom- Core brands Global Above Moving to Stronger line growth in over a are growing Premium, on a scale capabilities decade dollar sales brand volume Beyond th
Slide 12: Chief Financial Officer Tracey Joubert
Chief Financial Officer Tracey Joubert 12
Slide 13: Consolidated Fourth Quarter 2021 Results
Consolidated Fourth Quarter 2021 Results +13.7% +3.8% +21.9% NSR NSR/HL – Underlying (constant currency) Brand Volume Basis EBITDA (constant currency) (constant currency) KEY TAKEAWAYS NSR increased 13.7% driven by EMEA & APAC Underlying COGS/HL increased Underlying MG&A increased 2.4% 5.2% due to c
Slide 14: Consolidated Full Year 2021 Results
Consolidated Full Year 2021 Results +4.7% +3.8% -3.5% NSR NSR/HL – Underlying (constant currency) Brand Volume Basis EBITDA (constant currency) (constant currency) KEY TAKEAWAYS NSR increased 4.7%, with Americas up 2.0% NSR/HL growth of 3.8% driven by Underlying COGS/HL increased 6.9% and EMEA & APA
Slide 15: Strengthening Our Balance Sheet by Reducing Net Debt by Nearly $1B in 2021
Strengthening Our Balance Sheet by Reducing Net Debt by Nearly $1B in 2021 Net Debt to 4.8X Underlying 4.4X 3.8X 3.6X EBITDA 3.5X 3.1X 2016 2017 2018 2019 2020 2021 Notes: Represents Net Debt/ Underlying EBITDA utilizing publicly reported financial statements. Ratios under the Company’s debt covenan
Slide 16: 2022 Financial Outlook
2022 Financial Outlook Full Year Outlook • Mid single-digit Net Sales Revenue growth, on a constant currency basis • High single-digit Underlying Income before Income Tax growth, on a constant currency basis • Underlying Free Cash Flow of $1 billon, +/- 10% • Underlying Depreciation & Amortization o
Slide 17: Capital Allocation Priorities
Capital Allocation Priorities Reduce Net Debt Reaffirmed our target net debt to underlying EBITDA ratio to be below 3.0x by the end of 2022 Invest in Return Cash to Our Business Shareholders Directed towards brewery Board of Directors declared a modernization and production quarterly dividend of $0.
Slide 18: Driving Toward Sustainable Long-Term Top and Bottom-Line Growth
Driving Toward Sustainable Long-Term Top and Bottom- Line Growth 18 18
Slide 19: Questions & Answers
Questions & Answers MOLSON COORS finvary
Slide 20: MOLSON -
MOLSON -
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