Molson Coors Beverage Company · NYSE:TAP
Molson Coors Beverage — Q4 2019 Earnings Presentation
14 slides from Molson Coors Beverage's earnings presentation, Feb 12, 2020
Slide 1: Molson Coors Beverage Company Q4 and Full Year '19 Results & Outlook
Molson Coors Beverage Company Q4 and Full Year ’19 Results & Outlook February 12, 2020
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,” “expect,” “intend,” “anticipate,” “project,” “will,” “outlook,” and similar expressions identify forward-looking statements, whic
Slide 3: Chief Executive Officer Gavin Hattersley
Chief Executive Officer Gavin Hattersley
Slide 4: Our Revitalization Plan
Our Revitalization Plan Strategic Organizational Invest in our Aggressively Grow Strengthen our Streamline our iconic brands grow our above beyond beer capabilities company premium business - in beer and flavored beverages 4
Slide 5: Invest in our Iconic brands
Invest in our Iconic brands U.S. Coors Light Sales Volume % Change (1) U.S. Miller Lite Volume % Change (1) 0.5% 0.0% (2.1%) (3.6%) (1.9%) 2018 2019 L13W (6.3%) 2018 2019 L13W ____________________ 5 (1) Nielsen US xAOC + Conv. Data through week ending of January 25, 2020
Slide 6: Grow Above Premium Beer
Grow Above Premium Beer MORE FUEL IN U.S. CELEBRATING 150 NATIONAL MARKETING CONTINUED YEARS WITH DOUBLE-DIGIT GROWTH CAMPAIGN GROWTH IN CANADA LOW-CAL, LOW-CARB BETTER TASTING(1) 4TH LARGEST EXTENSION OF BLUE ALTERNATIVE TO CRAFT BREWERY IN MOON FAMILY MICHELOB ULTRA MICHIGAN ____________________ 6
Slide 7: Grow Above Premium Flavored Beverages
Grow Above Premium Flavored Beverages FMBs w/ differentiated, better-for-you angle Full-flavor, low-sugar The first hard seltzer Hard coffee with FMB Growth in sparkling cocktail with the antioxidant partner La Colombe Canada vitamin C 7
Slide 8: Grow Beyond Beer
Grow Beyond Beer Equity Stake in Nonalcoholic Incubator A Modern Take on Vino 8
Slide 9: Reorganizing to Simplify & Fuel Investment
Reorganizing to Simplify & Fuel Investment What we said… …Where things stand Two business units: North America and Europe North America organization is set: teams selected and office transitions underway Consolidating and reorganizing North America office locations Europe leadership changes
Slide 10: Chief Financial Officer Tracey Joubert
Chief Financial Officer Tracey Joubert
Slide 11: Fourth Quarter 2019
Fourth Quarter 2019 KEY TAKEAWAYS NSR NSR/HL - Brand Volume Basis UNDERLYING EBITDA • Positive global pricing & mix (constant currency) (constant currency) ( c o n s t a n t c u r r e n c y) • Positive global financial volume, including expected timing benefit in US +3.0% +1.1% +15.8% • Sequentially
Slide 12: Full Year 2019
Full Year 2019 KEY TAKEAWAYS NSR NSR/HL - Brand Volume Basis UNDERLYING EBITDA • Positive global pricing and mix (constant currency) (constant currency) ( c o n s t a n t c u r r e n c y) • Offset by brand volume declines -0.6% +2.9% -2.6% • COGS/HL increase driven by inflation, volume deleverage an
Slide 13: Outlook And Capital Allocation
Outlook And Capital Allocation 2020 Guidance • Net Sales Revenue expected to be flat to down low-single-digits on a constant currency basis (A Transition Year) • Underlying EBITDA expected to be down high-single-digits on a constant currency basis from FY 2019 (1) • Expected Underlying Effective Tax
Slide 14: Questions & Answers
Questions & Answers
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