Molson Coors Beverage Company · NYSE:TAP
Molson Coors Beverage — Q3 2020 Earnings Presentation
21 slides from Molson Coors Beverage's earnings presentation, Oct 29, 2020
Slide 1: Q3 2020 Results & Outlook
Q3 2020 Results & Outlook October 29, 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,” "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: Driving Toward Top-Line Growth
Driving Toward Top-Line Growth PERSISTANCE PERSEVERANCE PROGRESS 4
Slide 5: Our Revitalization Plan
Our Revitalization Plan 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 5
Slide 6: Improving U.S. Packaging Inventory
Improving U.S. Packaging Inventory Unprecedented Demand Our Response • Sold 300 million more cans • Approaching historical levels of of beer YTD20 vs. YTD19 paperboard supply • At times during the past few • 12 oz can supply is stabilizing and months, demand for tall cans expect will continue to inc
Slide 7: Successfully Executing Our Revitalization Plan
Successfully Executing Our Revitalization Plan Build on the Aggressively grow Expand in Investing in our Support our people strength of our Above Premium Beyond Beer capabilities and communities iconic brands to enable growth 7
Slide 8: Building on the Strength of Our Core and Capturing Greater Share
Building on the Strength of Our Core and Capturing Greater Share 8
Slide 9: Above Premium Products Reach Record High
Above Premium Products Reach Record High* Portion of Portfolio Driven by Innovation * Since the business formed in 2008 9
Slide 10: Targeting Our Emerging Growth Division to Become a Billion Dollar Business by 2023
Targeting Our Emerging Growth Division to Become a Billion Dollar Business by 2023 10
Slide 11: Investing in Our Capabilities, Powering Our Business Forward
Investing in Our Capabilities, Powering Our Business Forward • Expanding hard seltzer capacity by over 400% and Blue Moon LightSky capacity by approximately 400% • Investments to modernize brewery footprint and supply chain efficiency • Addition of sleek new can production line at our Rocky Mountain
Slide 12: Supporting Our People and Our Communities
Supporting Our People and Our Communities Week of Redirected Inclusion Social Media Driving Positive Change Tenth and Blake Increase Scholarship Diversity at All Program Levels 12
Slide 13: CEO quote on third quarter performance
"We are very pleased with our performance in the third quarter, as we beat top and bottom- line expectations and made tangible progress on our revitalization plan. We had bold plans for our business at the beginning of 2020: to build on the strength of our iconic core brands, aggressively grow our a
Slide 14: Chief Financial Officer Tracey Joubert
Chief Financial Officer Tracey Joubert 14
Slide 15: Resilient Consolidated Q3 2020 Results
Resilient Consolidated Q3 2020 Results -3.6%* +2.1%* +0.5%* NSR NSR/HL – UNDERLYING EBITDA (constant currency) Brand Volume Basis (constant currency) (constant currency) * YOY Q3 2020 vs. Q3 2019 KEY TAKEAWAYS NSR declined due to lower financial volumes Underlying COGS/HL MG&A declined due to relate
Slide 16: Solid North America Q3 2020 Results
Solid North America Q3 2020 Results -0.8%* +3.6%* +2.5%* NSR NSR/HL – UNDERLYING EBITDA (constant currency) Brand Volume Basis (constant currency) (constant currency) * YOY Q3 2020 vs. Q3 2019 KEY TAKEAWAYS NSR declined due to lower financial NSR/HL growth driven by net pricing MG&A declined due to
Slide 17: Europe Q3 2020 Results Reflect Cost Mitigation
Europe Q3 2020 Results Reflect Cost Mitigation -15.3%* -5.9%* -8.0%* NSR NSR/HL – UNDERLYING EBITDA (constant currency) Brand Volume Basis (constant currency) (constant currency) * YOY Q3 2020 vs. Q3 2019 KEY TAKEAWAYS NSR declined due to lower financial Underlying EBITDA decline volumes and lower N
Slide 18: Remaining Agile Amidst Uncertainty
Remaining Agile Amidst Uncertainty OUTLOOK NSR & Volume: Marketing • While supply constraints related to YoY increase in Q4 2020 to support increased off-premise demand are core brands and innovation anticipated to largely alleviate in Q4 2020, expect continued supply constraints in the G&A quarter,
Slide 19: Improving Liquidity and Focusing on Maintaining Investment Grade Rating
Improving Liquidity and Focusing on Maintaining Investment Grade Rating OUTLOOK • Reduced net debt position by over $1.2 billion since the beginning of the revitalization plan in October 2019, including payment of C$500 million in principal debt due in Q3 2020 • Strong borrowing capacity with $1.4 b
Slide 20: Questions & Answers
Questions & Answers MOLSON COORS enccy
Slide 21: Molson Coors
MOLSON
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