Molson Coors Beverage Company · NYSE:TAP
Molson Coors Beverage — Investor Day (October 2023)
22 slides from Molson Coors Beverage's investor day presentation, Oct 3, 2023
Slide 1: Strategy Day 2023
L M O S ON • C 2023 OO RS • S Y • 2023 A TR A T E GY D Strategy Day
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 "expects", "intend," "goals," "plans," "believes," "continues," "may," "anticipate," "seek," "estimate," "outlook," "trends," "future benefi
Slide 3: Sergey Yeskov, President and CEO EMEA & APAC
L M O S ON • C 2023 OORS • S Y • A TR A T E GY D President and CEO EMEA & APAC SERGEY YESKOV 3
Slide 4: Achieve faster top and bottom-line growth
STRATEGIC Grow core power brand net revenue STRATEGIC Aggressively premiumize our portfolio Achieve faster top and STRATEGIC bottom-line growth Scale and expand in beyond beer STRATEGIC Geographic expansion Accelerate our conversion from the ORGANIZATIONAL top to the bottom-line Invest in our capabi
Slide 5: Consistent Revenue Growth Led By Above Premium
2023E Consistent Revenue 2022 +25% Growth Led By 2019 2021 Above Premium +20% 2020 2023 vs. 2019 NSR CAGR +MSD% Above Premium NSR CAGR +LDD% Over 50% of NSR* from Above Premium v s. 41% in 2019 EMEA & APAC Net Sales Revenue (NSR) Growth in constant currency * Net Sales Revenue Brand Volume Basis (ex
Slide 6: Top Three Player in Our Key Markets in Europe
Top Three Player in Our Key Markets in Europe UK SLOVAKIA Beer Vol: 45mhL Beer Vol: 4.4mHL No.3 Brewer No.3 Brewer Breweries: 3 Breweries: 0 ROMANIA MONTENEGRO Beer Vol: 17.4mhL Beer Vol: 0.5mhL No.3 Brewer No.1 Brewer Breweries: 1 Breweries: 1 CZECH REPUBLIC BOSNIA & HERZEGOVINA Beer Vol: 16.2mhL B
Slide 7: Growing Geography Presents Vast Opportunity
Growing Geography Presents Vast Opportunity Region Share of Global Beer Volumes 2022 2023E 2026E West Europe 13.5% EMEA & APAC Population 6.8bn 7bn East Europe 11% Beer Consumption (HL) 1.4bn 1.5bn Asia 36% MENA 0.5% Beverage Consumption* APAC 8.5bn 9.3bn (HL) EMEA Africa 7.5% EMEA & APAC represents
Slide 8: How We Will Achieve Our Ambition
STRATEGIC Grow core power brand net revenue STRATEGIC Aggressively premiumize our portfolio HOW WE WILL STRATEGIC Scale and expand in beyond beer ACHIEVE OUR STRATEGIC AMBITION… Geographic expansion ORGANIZATIONAL Invest in our capabilities ORGANIZATIONAL Support our people, communities, and planet
Slide 9: Strong Core Power Brand Portfolio
OUR PLAN Strong Core Power Brand Portfolio #3 #2 #1 #1 #4 beer brand in beer brand in the UK beer brand in Croatia beer brand in Romania Bosnia & Herzegovina #4 #4 #4 #2 #5 core brand in Czech Republic beer brand in Hungary beer brand in Bulgaria beer brand in Serbia (Bur gasko No.5) Source: Ranking
Slide 10: Carling Is the No.1 Beer in the UK
MADE FOR BRINGING MATES TOGETHER CARLING IS THE NO.1 BEER IN THE UK BEING “CORE” IS ABOUT BEING BIG & TRUSTED…WE ARE THE BIGGEST AND MOST TRUSTED. 45 million more pints sold a year than no. 2 and no. 3 core brand combined 36% First official beer partner to both the men’s Emirates FA Cup and Vitality
Slide 11: Croatia's Favourite Beer Brand
CROATIA’S FAVOURITE BEER BRAND >50% Value Share of Core Effie Grand #1 >30% Value Share of Beer 4 Prix Awards Years as the official sponsor of the 26 Croatian National Football Team 49.0% 50.4% 48.6% 48.5% 46.4% 46.6% 46.1% 45.8% 46.1% 44.1% 44.3% FMCG brand with the 43.7% 42.5% MOST MARKETING 42.0%
Slide 12: Premiumizing Our Portfolio
OUR PLAN Premiumizing Our Portfolio Selling our brands in more than 50 countries in EMEA & APAC 12
Slide 13: Staropramen Sold Across 36 Countries
STAROP RAMEN SOLD ACROSS 36 COU NTRIES I R EL AN D S W ED EN F I N L AN D N O R W AY ES TO N I A L ATVI A D EN M AR K L I TH U AN I A P O L AN D UK B EL AR U S G ER M AN Y C Z EC H R EP U B L I C U K R AN I E F R AN C E S L O VAK I A H U N G AR Y K AZ AK H S TAN C R O ATI A R O M AN I A G EO R G I A
Slide 14: Madri Exceptional
MADRÍ EXCEPCIONAL ‘THE MOST SUCCESSFUL ON TRADE ALCOHOL LAUNCH SINCE RECORDS BEGAN’1. ‣ SEGMENT GROWTH OF 75% IN THE LAST 5 YEARS 2 ‣ WE EXPECT DOUBLE-DIGIT GROWTH OVER THE NEXT 5 YEARS FROM 2022 ‣ MADRI IS NOW THE #3 ABOVE PREMIUM LAGER 3 YEARS AFTER LAUNCH IN 2021 ‣ MOST SUCCESSFUL GROCERY NPD IN
Slide 15: Scale and Expand in Beyond Beer
OUR PLAN Scale and Expand in Beyond Beer HARD CIDER SPIRITS NON-ALC UK Premium Cider UK Spirits UK Soft Drinks ’22-’27e CAGR FC +7.2% $2.3bn Retail Dollar Sales +16% $20bn Retail Dollar Sales (‘22) CEE Soft Drinks ‘22-’27e CAGR FC +8.6% YOY +6% YOY Source: Circana & CGA 52 W eeks t o 8/12/23 Source:
Slide 16: Focused on Geographic Expansion
OUR PLAN Focused on Geographic Expansion MCBC EMEA & APAC SALES FOOTPRINT Sweden E&L SALES WE & CEE Japan Ukraine Kazakhstan South Korea Germany Turkey Taiwan India Poland Australia Spain South Africa 16
Slide 17: Investing in Our Capabilities
OUR PLAN Investing in Our Supporting Our People, Capabilities Communities and Planet Supply Chain Excellence Commercial Excellence Digital Transformation 17
Slide 18: Molson Coors
MOLSON COORS carey
Slide 19: Appendix
MOLSON COORS eanrery Appendix
Slide 20: Underlying Income Before Income Taxes Reconciliation
Underlying Income (loss) Before Income Taxes Reconciliation In millions 12/31/2022 12/31/2021 * 12/31/2020 * 12/31/2019* 12/31/2018* 12/31/2017* (U.S GAAP) Income (loss) before income taxes (62.5) 1,239.0 (643.9) 479.9 1,359.8 1,383.2 Adjustments to arriv e at underlying: Goodwill impairment 845.0 -
Slide 21: Net Debt to Underlying EBITDA Reconciliation
Net Debt to Underlying EBITDA Reconciliation In millions (except net debt to underlying EBITDA) 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016* Current portion of long-term debt and short-term borrowings 397.1 514.9 1,020.1 928.2 1,594.5 714.8 684.8 Add: Long-term debt
Slide 22: Our Guidance for Underlying Income and EPS
Our guidance for Underlying Income Before Income Taxes and Underlying Earnings per Share are also non-GAAP financial measures that exclude or otherwise hav e been adjusted for non-GAAP adjustment items from our U.S. GAAP financial statements. W hen we prov ide guidance for any of the v arious non-GA
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