Molson Coors Beverage Company · NYSE:TAP
Molson Coors Beverage — Q2 2022 Earnings Presentation
18 slides from Molson Coors Beverage's earnings presentation, Aug 2, 2022
Slide 1: Q2 FY 2022 Results & Outlook
Q2 FY 2022 Results & Outlook AUGUST 2, 2022
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: Gavin Hattersley, Chief Executive Officer
Chief Executive Officer Gavin Hattersley 3
Slide 4: Growing Our Top Line Globally
Molson Coors grew volume and share in Canada in Q2 outside of Quebec. Molson Coors grew share and achieved the highest trailing twelve- month average share of the U.K. beer Molson Coors grew dollar share industry in over a decade. in the U.S. in the 13-week quarter for the first time in over a decad
Slide 5: Core Brands Strong and Outpacing the Beer Industry
Core Brands Strong and Outpacing the Beer Industry United States Coors Light, Miller Lite and Coors Banquet combined to grow total industry share. Coors Banquet, one of our fastest growing brands up double digits in dollar sales, is also gaining industry share fueled by a new generation of drinkers.
Slide 6: Continue to Gain Traction in Above Premium & Beyond Beer Segments
Largest global Above Premium portfolio since the Miller Coors Acquisition in 2016 – with the fastest-growing hard seltzer portfolio of any major beverage company in the U.S. Changing the shape of our portfolio – for the Q2 trailing twelve-month period, net sales revenue of our U.S. Above Premium por
Slide 7: Above Premium Growth Drives Global Premiumization
Above Premium Growth Drives Global Premiumization Blue Moon and Peroni Vizzy Topo Chico Simply Spiked Madri Six Pints Hard Seltzer Lemonade Brand volumes for Blue Moon Grew U.S. hard The brand has sold >200K Craft Beer Division - Fastest-growing hard Has achieved 3.5 share were up high single digits
Slide 8: Economy Brands Growing Segment Share
Economy Brands Growing Segment Share Economy beer segment is strengthening in the U.S. • 3 of our 4 key economy brands grew segment share in Q2 • Our Economy portfolio grew share of industry in Q2 when excluding discontinued brands • Economy portfolio has had its best quarterly performance versus th
Slide 9: Another Quarter Of Continued Progress
Another Quarter Of Continued Progress In 2022, Molson Coors plans to deliver the highest We generated net sales We grew dollar We are managing revenue growth on a share in the U.S. our costs amid a top- and bottom-line constant currency basis over the quarter for challenging inflationary growth in o
Slide 10: Tracey Joubert, Chief Financial Officer
Chief Financial Officer Tracey Joubert 10
Slide 11: Consolidated Second Quarter 2022 Results
Consolidated Second Quarter 2022 Results +2.2% +7.1% -22.8% NSR NSR/HL – Underlying Income (constant currency) Brand Volume Basis before Income Tax (constant currency) (constant currency) KEY TAKEAWAYS NSR increased driven by strong global Underlying COGS/HL increased 11.5% Underlying MG&A increased
Slide 12: Americas Second Quarter 2022 Results
Americas Second Quarter 2022 Results -1.7% +6.2% -20.0% NSR NSR/HL – Underlying Income (constant currency) Brand Volume Basis before Income Tax (constant currency) (constant currency) KEY TAKEAWAYS NSR decreased as lower NSR/HL increased, driven by net pricing Underlying MG&A increased due to financ
Slide 13: EMEA & APAC Second Quarter 2022 Results
EMEA & APAC Second Quarter 2022 Results +20.5% +15.5% -22.7% NSR NSR/HL – Underlying Income (constant currency) Brand Volume Basis before Income Tax (constant currency) (constant currency) KEY TAKEAWAYS NSR increased due to higher financial NSR/HL increased due to positive Underlying COGS increased
Slide 14: Capital Allocation Priorities
Capital Allocation Priorities Reduce Net Debt Reaffirmed our target net debt to underlying EBITDA ratio to be below 3.0x by the end of 2022; Ended Q2 with a net debt of $6.4 billion and repaid our $500 million 3.5% USD notes upon maturity on May 1, 2022 Return Cash to Invest in Our Business Sharehol
Slide 15: Reaffirming Our 2022 Financial Guidance
High-single-digit Mid-single-digit Underlying Income Net Sales Revenue before Income Tax growth, on a constant Reaffirming growth, on a constant currency basis currency basis Our 2022 Financial Guidance Underlying Free Cash Flow Net Interest Expense of $1 billon, +/- 10% of approximately $265 millio
Slide 16: Confident in Our Strategy and Pleased with Our Progress
CONFIDENT in our Strategy and Pleased with our Progress DRIVING Toward Sustainable Long-Term Top- and Bottom-Line Growth 16
Slide 17: MOLSON ©
MOLSON ©
Slide 18: Questions & Answers
Questions & Answers MOLSON COORS ancy
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