Anheuser-busch Inbev Sa/nv · EURONEXT:ABI
Anheuser-busch Inbev Sa/nv — Q3 2021 Earnings Presentation
22 slides from Anheuser-busch Inbev Sa/nv's earnings presentation, Oct 28, 2021
Slide 1: 3Q21 Results
3Q21 Results October 28, 2021 1
Slide 2: Legal disclaimer
Legal disclaimer 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 w
Slide 3: Agenda
Agenda 1 Operating performance 2 Commercial and sustainability highlights 3 Financials 4 Q&A © AB InBev 2021 – All rights reserved | 3
Slide 4: Operating Performance
OPERATING PERFORMANCE © AB InBev 2021 – All rights reserved | 4
Slide 5: 3Q21 operating performance
3Q21 RESULTS 3Q21 operating performance Total volumes +3.4 % Own beer +2.8 % and non-beer +7.8 % Total revenue +7.9 % Revenue per hl +4.3 % EBITDA +3.0 % EBITDA margin of 36.5 % Normalized EPS of $0.50 Continued Underlying EPS of $0.85 momentum with top- and bottom-line ahead of pre- pandemic levels
Slide 6: 3Q21 key market takeaways
3Q21 RESULTS 3Q21 key market takeaways US Europe Premium brands and innovations outperform but Continued top- and bottom-line growth ahead of 3Q20 industry comparable and cost headwinds pressure and pre-pandemic levels, supported by premiumization top- and bottom-line and on-premise recovery Mexico
Slide 7: 3Q21 Commercial & Sustainability Highlights
3Q21 COMMERCIAL & SUSTAINABILITY HIGHLIGHTS © AB InBev 2021 – All rights reserved | 7
Slide 8: Unique and diverse portfolio of brands
3Q21 COMMERCIAL HIGHLIGHTS Unique and diverse portfolio of brands Reaching more consumers in more occasions • Mainstream brands grew revenue by 4%, gaining share of segment across most of our main markets • Premium portfolio leading the way with revenue growth of 11% • Beyond Beer is adding profitab
Slide 9: Global brands leading the way in premiumization
3Q21 COMMERCIAL HIGHLIGHTS Global brands leading the way in premiumization In 3Q21, global brands grew revenue by 5.0% and by 9.3% outside of home markets vs. 3Q20 vs. 3Q20 vs. 3Q20 +2% +18% +17% 3Q21 revenue 3Q21 revenue 3Q21 revenue outside the US outside Belgium outside Mexico Growth led by Brazi
Slide 10: Strong innovation capabilities to address consumer trends
3Q21 COMMERCIAL HIGHLIGHTS Strong innovation capabilities to address consumer trends Scaling innovation using our “prove & move” approach Double Malt Health & Wellness Lifestyle Beyond Beer Following Brahma Duplo Malte’s success in Addressing health and wellness and • Michelob Ultra Hard Seltzer lea
Slide 11: Empowering customers with BEES
3Q21 COMMERCIAL HIGHLIGHTS Empowering customers with BEES BEES captured $5.5B in gross merchandise value (“GMV”) in 3Q21 and reached 2.1M monthly active users (“MAU”) Accelerated growth in GMV and MAU in the last 12 months GMV annualized by month ($B)* Monthly active users (M) 25 2.1 4 0.4 Sep Sep S
Slide 12: Pilot Market Case Study: Dominican Republic
3Q21 COMMERCIAL HIGHLIGHTS Pilot Market Case Study: Dominican Republic ✓ Meaningful in size (>6M hl, ~50K points of sale) ✓ Significant presence ✓ High % of direct distribution ✓ Low digital penetration ✓ High % of traditional trade © AB InBev 2021 – All rights reserved | 12
Slide 13: BEES is unlocking growth in the DR for AB InBev and our customers
3Q21 COMMERCIAL HIGHLIGHTS BEES is unlocking growth in the DR for AB InBev and our customers Digitizing our route-to-market is Our fully engaged digital customers are seeing accelerated accelerating our commercial strategy performance across several key metrics # of unique beer SKUs NR $ per deliver
Slide 14: Direct-to-Consumer (DTC) driving beer e-commerce growth
3Q21 COMMERCIAL HIGHLIGHTS Direct-to-Consumer (DTC) driving beer e-commerce growth Building a connected ecosystem driving deep consumer relationships and profitable growth Owned DTC revenues surpassed $1B YTD. E-commerce is the largest contributor, growing at +90% and reaching ~50Mio orders 1 Buildi
Slide 15: Advancing sustainability around the world
3Q21 SUSTAINABILITY HIGHLIGHTS Advancing sustainability around the world Achieving carbon neutrality at our second Recognized as 1 of only 37 brewery globally and our first malthouse in Brazil Global Compact LEAD companies For our ongoing commitment to the UN Global Compact, its Ten Principles and t
Slide 16: Financials
FINANCIALS © AB InBev 2021 – All rights reserved | 16
Slide 17: Underlying EPS increased from $0.80 in 3Q20 to $0.85 in 3Q21
FINANCIALS Underlying EPS increased from $0.80 in 3Q20 to $0.85 in 3Q21 © AB InBev 2021 – All rights reserved | 17
Slide 18: Bond maturity profile
FINANCIALS Bond maturity profile Well-distributed due to our proactive liability management Outstanding debt Note: Represents full bond portfolio, after hedging, valuing all bonds at par as of 30 September 2021. © AB InBev 2021 – All rights reserved | 18
Slide 19: Bond portfolio protected against interest rate volatility
FINANCIALS Our bond portfolio is largely protected against interest rate volatility, with long-weighted average maturity and no financial covenants 95% of our bond Diverse currency mix Addressed upcoming Very manageable portfolio is fixed rate reduces risk maturities to eliminate pre-tax coupon near
Slide 20: Capital allocation priorities to maximize long-term value creation
FINANCIALS Capital allocation priorities to maximize long-term value creation Organic growth Investing in the organic growth of our business Deleveraging Deleveraging to around the 2x level remains our commitment Selective M&A Non-organic, external growth is a core competency and we will continue to
Slide 21: Q&A
Q&A © AB InBev 2021 – All rights reserved | 21
Slide 22: Thank you
THANK YOU © AB InBev 2021 – All rights reserved | 22