Heineken Holding N.v. · EURONEXT:HEIO
Heineken — H1 2021 Earnings Presentation
22 slides from Heineken's earnings presentation, Aug 2, 2021
Slide 1: Heineken Holding N.V. reports 2021 half year results
MEDIA RELEASE Heineken Holding N.V. reports 2021 half year results Amsterdam, 2 August 2021 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces: KEY HIGHLIGHTS ▪ The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half year of 2021 amounts to
Slide 2: Outlook Statements
MEDIA RELEASE OUTLOOK STATEMENTS The COVID-19 pandemic continues to present challenges for the world with the biggest impact for HEINEKEN's business currently in Asia. HEINEKEN expects the rest of the year will continue to be volatile, with some markets gradually recovering while others continue to
Slide 3: Investor Calendar and Conference Call Details
MEDIA RELEASE INVESTOR CALENDAR HEINEKEN N.V. (events also accessible for Heineken Holding N.V. shareholders) Trading Update for Q3 2021 27 October 2021 Full Year 2021 Results 16 February 2022 CONFERENCE CALL DETAILS HEINEKEN will host an analyst and investor conference call in relation to its 2021
Slide 4: Report of the Board of Directors
MEDIA RELEASE INTRODUCTION This report contains the interim financial report of Heineken Holding N.V., headquartered in Amsterdam, the Netherlands. The interim financial report for the six months ending 30 June 2021 consists of the report of the Board of Directors, the statement of the Board and the
Slide 5: Statement of the Board of Directors
MEDIA RELEASE STATEMENT OF THE BOARD OF DIRECTORS Statement ex Article 5:25d Paragraph 2 sub c Dutch Financial Markets Supervision Act (“Wet op het financieel toezicht”). To our knowledge: 1. The condensed consolidated interim financial statements for the six-month period ended 30 June 2021, which h
Slide 6: Condensed Consolidated Interim Financial Statements for the Six-Month Period Ended 30 June 2021
MEDIA RELEASE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2021 Contents Page Condensed Consolidated Interim Income Statement 7 Condensed Consolidated Interim Statement of Comprehensive Income 7 Condensed Consolidated Interim Statement of Financial Posit
Slide 7: Condensed Consolidated Interim Income Statement
MEDIA RELEASE CONDENSED CONSOLIDATED INTERIM CONDENSED CONSOLIDATED INTERIM INCOME STATEMENT STATEMENT OF COMPREHENSIVE INCOME For the six-month period ended 30 June For the six-month period ended 30 June In millions of € Note 2021 2020 In millions of € 2021 2020 Revenue 7 11,970 11,156 Profit/(loss
Slide 8: Condensed Consolidated Interim Statement of Financial Position
MEDIA RELEASE CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION As at As at 30 June 31 December 30 June 31 December In millions of € Note 2021 2020 In millions of € Note 2021 2020 Intangible assets 10 16,112 15,767 Heineken Holding N.V. shareholders' equity 12 7,178 6,604 Property, plan
Slide 9: Condensed Consolidated Interim Statement of Cash Flows
MEDIA RELEASE CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS For the six-month period ended 30 June For the six-month period ended 30 June In millions of € Note 2021 2020 In millions of € 2021 2020 Operating activities Investing activities Profit/(loss) 1,169 (272) Proceeds from sale of prop
Slide 10: Condensed Consolidated Interim Statement of Changes in Equity
MEDIA RELEASE CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY Non- Non- controlling controlling interests in Cost of Other Shareholders interests in Heineken N.V. Share Share Translation Hedging hedging Fair value legal Retained of Heineken Heineken group Total In millions of € capital
Slide 11: Consolidated Statement of Changes in Equity (continued)
MEDIA RELEASE CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONTINUED) Non- Non- controlling controlling interests in Cost of Other Shareholders interests in Heineken N.V. Share Share Translation Hedging hedging Fair value legal Retained of Heineken Heineken group Total In millions of € capital premi
Slide 12: Notes to the Condensed Consolidated Interim Financial Statements
MEDIA RELEASE NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 1. REPORTING ENTITY ▪ Presented in Euro, which is the Company’s functional currency. ▪ Rounded to the nearest million unless stated otherwise. Heineken Holding N.V. (the ‘Company’) is a public company domiciled in the Net
Slide 13: Seasonality and Significant Accounting Policies
MEDIA RELEASE The areas that involve significant estimates and judgements are 6. SEASONALITY described in the consolidated financial statements of HEINEKEN for the As a result of the continued impact of COVID-19, HEINEKEN's usual year ended 31 December 2020. There has been no material change to seas
Slide 14: Operating Segments
MEDIA RELEASE 7. OPERATING SEGMENTS For the six-month period ended 30 June Heineken N.V. Head Africa, Middle East & Office & Europe Americas Eastern Europe Asia Pacific Other/eliminations Consolidated In millions of € 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Third party revenue 5,
Slide 15: Reconciliation of segment profit or loss
MEDIA RELEASE Reconciliation of segment profit or loss For the six-month period ended 30 June Operating segments are reported consistently with the internal reporting provided to the Executive Board of Heineken N.V., which is In millions of € 2021 2020 considered to be HEINEKEN’s chief operating dec
Slide 16: Other Income
MEDIA RELEASE The exceptional items and amortisation of acquisition-related intangibles in net profit for the six-month period ended 30 June 2021 ▪ Total amount of eia allocated to non-controlling interest amounts to amounts to €138 million benefit (2020: €524 million, expense). This €14 million (20
Slide 17: Acquisition of Additional Shares in United Breweries; Impairments
MEDIA RELEASE 9. ACQUISITION OF ADDITIONAL SHARES IN (b) Credit risk UNITED BREWERIES Due to the impact of COVID-19, the exposure of credit risk on financial assets remains high. The below table shows the financial assets on the On 23 June 2021, HEINEKEN acquired an additional 39,644,346 balance she
Slide 18: Equity
MEDIA RELEASE a request for extended payment terms or a request for waived payment (b) Weighted average number of shares terms. For the six-month period ended 30 June 2021 2020 (c) Liquidity risk Total number of shares issued 288,030,168 288,030,168 Centrally available cash and the undrawn committed
Slide 19: Borrowings, Tax and Subsequent Events
MEDIA RELEASE 13. BORROWINGS For the six months ended 30 June 2021, the change in the reported effective tax rate is mainly driven by the increase in the profit before As at 30 June 31 December tax basis. As a result, the impact of permanent differences is lower and In millions of € 2021 2020 there
Slide 20: Glossary
MEDIA RELEASE GLOSSARY Net profit divided by the weighted average number of shares – basic – during the year. Acquisition-related intangible assets Diluted Acquisition-related intangible assets are assets that HEINEKEN only Net profit/(loss) divided by the weighted average number of shares – recogni
Slide 21: Glossary (continued)
MEDIA RELEASE Group net revenue (beia) Organic growth Consolidated net revenue (beia) plus attributable share of net revenue Growth excluding the effect of foreign currency translational effects, (beia) from joint ventures and associates. consolidation changes, exceptional items and amortisation of
Slide 22: Glossary (continued)
MEDIA RELEASE Non-beer volume Cider, soft drinks and other non-beer volume produced and sold by consolidated companies. Third party products volume Volume of third party products (beer and non-beer) resold by consolidated companies. Total consolidated volume The sum of beer volume, non-beer volume a