Heineken Nv · EURONEXT:HEIA
Heineken Nv — Q3 2023 Earnings Presentation
10 slides from Heineken Nv's earnings presentation, Oct 25, 2023
Slide 1: Heineken N.V. 2023 Q3 Results
Heineken N.V. 2023 Q3 Results Harold van den Broek, CFO 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with regard 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 3: Gradual improvement in our business performance
Gradual improvement in our business performance Continued focus on EverGreen priorities Volume trends are improving in half of our markets. Just over half are gaining or holding market share Slowdown of consumer demand in various markets facing challenging macro-economic conditions Productivity prog
Slide 4: 2023 Q3 highlights
2023 Q3 highlights Net Revenue (beia) OG Net Revenue (beia) OG per hl +4.5% +9.7% Total Beer Volume OG Heineken® Volume OG -4.2% +2.3% 4
Slide 5: Pricing-led growth continues
Pricing-led growth continues Net Revenue (beia): +5.8% organic increase Net Revenue (beia) €m Organic increase €1,236m (1,106) 2,342 (488) 507 -5.2% Volume OG -2.6% Vietnam & Nigeria +10.9% -2.6% All others Price-Mix OG 22,529 21,273 +10.0% Price +0.9% Mix YTD 2022 Price-Mix1 Total volume Currency C
Slide 6: Pricing tapering, improving volume trends
Pricing tapering, improving volume trends Organic growth versus last year Price-Mix1 Consolidated Beer Volume 12.1 11.8 11.7 9.5 -3.0 -4.2 -5.6 -7.6 Q1 ’23 Q2 ’23 HY1 ’23 Q3 ’23 Q1 ’23 Q2 ’23 HY1 ’23 Q3 ’23 1. Price Mix on a constant geographic basis 6
Slide 7: 2023 Q3 highlights % OG vs LY
2023 Q3 highlights % OG vs LY Africa, Heineken N.V. Middle East & Eastern Europe Americas Asia Pacific Europe Net Revenue (beia) +4.5 +9.6 +5.5 -0.9 +3.9 Price Mix1 +9.5 +17.9 +5.2 +4.0 +12.1 Consolidated beer volume -4.2 -10.1 +2.2 -4.6 -7.6 1 Price mix on a constant geographic basis 7
Slide 8: 2023 Q3 Heineken performance
2023 Q3 Heineken performance ® Heineken® Heineken® 0.0 +2.3% +3.5% Volume growth Volume growth Heineken® Silver Double-digit growth 28 +40% markets Volume growth 8
Slide 9: Full year profit outlook guidance unchanged
Full year profit outlook guidance unchanged Volume improving trend Pricing tapering Investments balanced Inflation subsiding Productivity Increasing 9
Slide 10: Q&A
Q&A 10