Molson Coors Beverage Company · NYSE:TAP
Molson Coors Beverage — Q1 2021 Earnings Presentation
20 slides from Molson Coors Beverage's earnings presentation, Apr 29, 2021
Slide 1: Q1 FY 2021 Results & Outlook
Q1 FY 2021 Results & Outlook April 29, 2021
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: Revitalization Plan Continues To Deliver Results
Revitalization Plan Continues To Deliver Results STRATEGIC ORGANIZATIONAL Build on the Aggressively Expand in Invest Support our strength of grow Above Beyond Beer in our people and our iconic Premium capabilities communities brands 4
Slide 5: Our Iconic Core Brands Combined to Grow US Off-Premise and Improve Market Share
Our Iconic Core Brands Combined to Grow US Off-Premise and Improve Market Share Best Combined Best Quarterly Launched Our Industry Share Trend Since Volume First USDA Certified Q2 2017 Since Q4 2016 Organic Beer Brand 5
Slide 6: Our Hard Seltzer Portfolio Remains On-Track to Achieve Double-Digit US Share Goal
Our Hard Seltzer Portfolio Remains On-Track to Achieve Double-Digit US Share Goal by End of 2021 Topo Chico Hard Seltzer Jumped to a 3.2% Share of the US Hard Seltzer Category in One Week Vizzy IRI Top Ten Industry Growth Brand in Q1 2021 in the US and Recently Launched in Canada Coors Seltzer & Viz
Slide 7: Our Above Premium Brands Grow Share Within Our Total Portfolio in Q1 2021
Our Above Premium Brands Grow Share Within Our Total Portfolio in Q1 2021 Blue Moon LightSky #1 Share Gainer in US Craft Beer in 2021 Hop Valley Official Debut in US & Canada Our First US National IPA 7
Slide 8: Aggressive Expansion into New Growth Categories Beyond Beer Beginning to Show Results
Aggressive Expansion into New Growth Categories Beyond Beer Beginning to Show Results $1Billion Building Our Emerging Growth Division into a One Billion Dollar Revenue Business by 2023 8
Slide 9: We are Investing in Our Capabilities, Our People and Our Communities to Drive Growth
We are Investing in Our Capabilities, Our People and Our Communities to Drive Growth • Became first major UK brewer to operate entirely with 100% renewable energy • Eliminated plastic rings in all of our major packs in the UK. • Announced our investment in TRU Colors, a North Carolina brewery that a
Slide 10: Delivering Against Our Revitalization Plan and Building a Bright Future
Delivering Against Our Revitalization Plan and Building a Bright Future 10
Slide 11: Chief Financial Officer Tracey Joubert
Chief Financial Officer Tracey Joubert 11
Slide 12: Consolidated First Quarter FY 2021 Results
Consolidated First Quarter FY 2021 Results -11.1%* +1.8%* -20.2%* NSR NSR/HL – UNDERLYING EBITDA (constant currency) Brand Volume Basis (constant currency) (constant currency) * YOY Q1 2021 vs. Q1 2020 KEY TAKEAWAYS NSR declined due to lower financial volumes related Underlying COGS/HL increased MG&
Slide 13: North America First Quarter FY 2021 Results
North America First Quarter FY 2021 Results -6.3%* +2.4%* -13.3%* NSR NSR/HL – UNDERLYING EBITDA (constant currency) Brand Volume Basis (constant currency) (constant currency) * YOY Q1 2021 vs. Q1 2020 KEY TAKEAWAYS NSR declined due to lower financial NSR/HL growth driven by net pricing MG&A decline
Slide 14: Europe First Quarter FY 2021 Results
Europe First Quarter FY 2021 Results -39.5%* -10.4%* -$38M NSR NSR/HL – UNDERLYING EBITDA (constant currency) Brand Volume Basis (constant currency) * YOY Q1 2021 vs. Q1 2020 KEY TAKEAWAYS NSR declined due to lower volumes and NSR/HL decreased as a result of Underlying EBITDA declined due unfavorabl
Slide 15: Strengthening Our Balance Sheet
Strengthening • Net debt was $7.7 billion at quarter end, down $1.1 billion Our Balance from a year ago Sheet • No borrowings on our $1.5 billion revolving credit facility 15
Slide 16: Reaffirming 2021 Guidance, Focused on Top-Line Growth and Strong Investment
Reaffirming 2021 Guidance, Focused on Top-Line Growth and Strong Investment Full Year 2021 Guidance • Mid single-digit net sales revenue growth, on a constant currency basis • Flat underlying EBITDA compared to the prior year, on a constant currency basis o Driven by significant year-over-year incre
Slide 17: Capital Allocation Priorities
Capital Allocation Priorities Invest in Pay Down Return Cash to Our Business Debt Shareholders Directed towards Reaffirm our target Anticipate that our brewery modernization net debt to underlying Board of Directors will and production capacity EBITDA ratio of be in a position to to support innovati
Slide 18: Driving Toward Long-Term Revenue Growth and Margin Expansion
Driving Toward Long-Term Revenue Growth and Margin Expansion 18
Slide 19: Questions & Answers
Questions & Answers MOLSON COORS enccy
Slide 20: Slide 20
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