Anheuser-Busch InBev SA/NV · EURONEXT:ABI
Anheuser-Busch InBev SA/NV — Shareholder Meeting (June 2020)
20 slides from Anheuser-Busch InBev SA/NV's shareholder meeting presentation, Jun 3, 2020
Slide 1: Annual Shareholders' Meeting
Annual Shareholders’ Meeting 03 June 2020 © AB InBev 2020 – All rights reserved
Slide 2: Legal Disclaimers
LEGAL DISCLAIMERS Certain statements contained in this report that are not statements of historical fact constitute forward-looking statements, notwithstanding that such statements are not specifically identified. In addition, certain statements may be contained in the future filings of the Company
Slide 3: Agenda
AGENDA Ø FY19 TAKEAWAYS & FINANCIALS Ø 1Q20 PERFORMANCE Ø COVID-19 © AB InBev 2020 – All rights reserved 3
Slide 4: FY19 Key Takeaways
FY19 KEY TAKEAWAYS POSITIVES NEGATIVES • Strong and balanced top-line growth, • Highest cost of sales headwind in the with our third consecutive year of past decade volume growth • Challenging macroeconomic • Improved performance in the US, our environments in many relevant markets largest market •
Slide 5: FY19 Financial Summary
FY19 FINANCIAL SUMMARY TOTAL REVENUE +4.3% • Revenue per hl +3.1% TOTAL VOLUMES +1.1% • Own beer +0.8%, non-beer +4.8% EBITDA +2.7% and EBITDA MARGIN contracted by 65 bps to 40.3% NORMALIZED EPS increased by $0.92 to $4.08 UNDERLYING EPS decreased by $0.47 to $3.63 NET DEBT TO EBITDA RATIO of 4.0x a
Slide 6: Global Brand Portfolio
Global Brand Portfolio FY19 Revenue +5.2% +8.0% outside of home markets +3.3% +6.5% +21.0% FY19 Revenue Growth FY19 Revenue Growth FY19 Revenue Growth outside of the US outside of Belgium outside of Mexico Fastest growing brand in Europe; Growth led by the Corona grew by double-digits in the challen
Slide 7: Capital Allocation Objectives
CAPITAL ALLOCATION OBJECTIVES Our optimal capital structure calls for a Net Debt/EBITDA ratio of approximately 2x. 1. Organic growth: Investing in the organic growth of our business 2. Deleveraging: Deleveraging to around the 2x level remains our commitment 3. Selective M&A: Non-organic, external gr
Slide 8: Final Proposed Dividend of €0.50 per Share
FINAL PROPOSED DIVIDEND OF €0.50 PER SHARE • On 14 April, announced a revised proposal to pay a final 2019 dividend of 0.50 Euro per share. • Prudent and in the best interests of the company, 2.00 2.00 consistent with financial discipline, deleveraging commitments and other actions taken. 1.45 • Com
Slide 9: 2025 Sustainability Goals
2025 Sustainability Goals Smart Water Circular Climate Agriculture Stewardship Packaging Action We work with over 20,000 We are investing in Over 40% of our volume is 61% of our global farmers in 13 countries, impactful, in returnable purchased electricity providing training, long-term solutions to
Slide 10: 1Q20 Financial Summary
1Q20 FINANCIAL SUMMARY COVID-19 PANDEMIC IMPACTED OUR BUSINESS IN 1Q20 TOTAL VOLUMES -9.3% • Own beer -10.5%, non-beer -0.2% • Total volumes +1.9% in January and February excluding China, -3.6% in 1Q20 excluding China TOTAL REVENUE -5.8% • Revenue per hl +3.9% • Global brands -11.0% and -17.5% outsi
Slide 11: Business Update in Light of the Global COVID-19 Pandemic
BUSINESS UPDATE IN LIGHT OF THE GLOBAL COVID-19 PANDEMIC 11 ©©AB ABInBev InBev2020 2020––All Allrights rightsreserved reserved 11
Slide 12: We Implemented a COVID-19 Task Force
WE IMPLEMENTED A COVID-19 TASK FORCE • Cross-functional team with key functional leaders • Daily meetings and regular touchpoints with the senior leadership team • Key priorities include the safety of our people, support of our communities and our partners, safeguard business continuity (including p
Slide 13: We Are Leveraging Learnings from Recovering Markets
WE ARE LEVERAGING LEARNINGS FROM RECOVERING MARKETS Our People’s Supporting Our Communities Adjusting commercial strategy Health & Safety is #1 Priority & Partners and preparing for recovery Leveraging best practices regarding the Donating masks, disinfectant Consumers shifting to off-trade health &
Slide 14: The Safety of Our People Is Our Top Priority
THE SAFETY OF OUR PEOPLE IS OUR TOP PRIORITY SAFETY PROTOCOLS TEMPERATURE CHECKS HAND SANITIZING STATIONS © AB InBev 2020 – All rights reserved 14
Slide 15: Supporting Our Community & Customers
SUPPORTING OUR COMMUNITY & CUSTOMERS COMMUNITY INITIATIVES CUSTOMER INITIATIVES • Production and donation of over 3 million bottles of Tailored initiatives in support of our customers hand sanitizer in over 25 countries and the hospitality industry across 20 of our markets, including: • Packaging an
Slide 16: Actions We Are Taking to Position Ourselves for a Strong Recovery
ACTIONS WE ARE TAKING TO POSITION OURSELVES FOR A STRONG RECOVERY 16 © AB InBev 2020 – All rights reserved
Slide 17: Finding New Ways to Connect with Our Consumers
FINDING NEW WAYS TO CONNECT WITH OUR CONSUMERS CHINA BRAZIL US Budweiser’s E-Clubbing Brahma’s Virtual Country Michelob Ultra’s Livestream Platform Music Concert Series At-Home Workouts © AB InBev 2020 – All rights reserved 17
Slide 18: We Have Been Investing Behind Emerging Trends
WE HAVE BEEN INVESTING BEHIND EMERGING TRENDS THAT ARE NOW MORE RELEVANT THAN EVER © AB InBev 2020 – All rights reserved 18
Slide 19: We Are Exercising Financial Discipline in Light of the Crisis
WE ARE EXERCISING FINANCIAL DISCIPLINE IN LIGHT OF THE CRISIS Efficient utilization of Revision of final Maintaining a strong our resources 2019 dividend proposal liquidity position • Suspension or cancellation of any • Revision to our proposal of a final 2019 • Drawdown on our 9 billion USD non-com
Slide 20: Our Fundamental Strengths Have Not Changed
OUR FUNDAMENTAL STRENGTHS HAVE NOT CHANGED, POSITIONING US FOR A STRONG RECOVERY CLEAR COMMERCIAL STRATEGY MOST VALUABLE BEER BRANDS 3. Close gap 2. Growth 4. Toolkits champions Plan 1. Bench- marking DIVERSE GEOGRAPHIC FOOTPRINT INDUSTRY-LEADING PROFITABILITY DEEP TALENT POOL 40.1% 2019 EBITDA MARG
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