Heineken Nv · EURONEXT:HEIA
Heineken Nv — Q3 2024 Earnings Presentation
13 slides from Heineken Nv's earnings presentation, Oct 23, 2024
Slide 1: Heineken N.V. 2024 Q3 Trading Update
Heineken N.V. 2024 Q3 Trading Update Harold van den Broek, CFO
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with regards to the financial position and results of HEINEKEN’s activities, anticipated developments and other factors. All statements other than statements of historical facts are, or may
Slide 3: 2024 Q3 highlights
2024 Q3 highlights A quarter of solid, balanced growth Delivering on plan Continued strong premium growth Full year guidance confirmed and reiterated 3
Slide 4: 2024 highlights
2024 highlights Net Revenue (beia) OG Net Revenue (beia) OG per hl 3.3% 5.1% 2.6% 3.7% Q3 YTD Q3 YTD Total Beer Volume OG Heineken® Volume OG 0.7% 1.6% 8.7% 9.0% Q3 YTD Q3 YTD 4 4
Slide 5: Balanced organic top-line growth
Balanced organic top-line growth Net Revenue (beia): +3.3% organic increase Net Revenue (beia) €m Organic increase €268m 212 56 -471 +0.7% +3.0% Volume OG Price Mix1 OG -132 8,015 7,679 Q3 2023 Total Volume Price-Mix Currency translation Consolidation impact Q3 2024 5 1. Price Mix on a constant geog
Slide 6: Continued premium growth, led by Heineken
Continued premium growth, led by Heineken® Q3’24 organic growth vs Q3’23 11.0% 8.7% 5.2% 3.3% 0.7% 0.7% Total Beer Volume Premium Heineken® 0.0 Beer & Cider Net Revenue Consolidated Volume Volume Volume beia Volume 6
Slide 7: Africa & Middle East
Africa & Middle East Successfully adapting our business to a more volatile environment Nigeria 23.1% • Solid volume growth and high inflation-led pricing Net revenue (beia) OG • Rights issue closed on 18 October • Hyperinflation in Nigeria (and Egypt) anticipated 14.5% Price Mix1 South Africa 6.4% •
Slide 8: Americas
Americas Soft industry trends, leading continued premiumisation Mexico • Market impacted by recent economic slowdown 1.8% Net revenue (beia) OG • Dos Equis, Tecate Original, and Indio growing Brazil 3.2% Price Mix1 • Heineken® and Amstel continue double-digit growth • Launch of Sol Zero, containing
Slide 9: Asia Pacific
Asia Pacific Unlocking India, stabilising Vietnam Vietnam • Beer market further stabilizing -0.4% Net revenue (beia) OG • Balancing portfolio with strong growth from Heineken® and mainstream brands Larue and Bia Viet 1.5% Price Mix1 India • Growth momentum in beer market continues -1.2% • Premium ac
Slide 10: Europe
Europe Gaining share and growing volume in a subdued consumer environment Stable pricing offset by channel mix -1.1% • Off-Trade performing better than On-Trade Net revenue (beia) OG • Responding to consumer affordability challenges Premium beer outperforming -0.5% Price Mix1 • Growth led by Heineke
Slide 11: 2024 Heineken performance
2024 Heineken performance ® Heineken® volume growth Heineken® 0.0 volume growth 8.7% 9.0% 3.4% 10.4% Q3 YTD Q3 YTD Heineken® Silver volume growth Markets growing double digits 27.4% 35.5% 30 27 Q3 YTD Q3 YTD 11 11
Slide 12: Outlook 2024 confirmed
Outlook 2024 confirmed All elements of our previously communicated outlook confirmed and reiterated Operating profit (beia) to grow organically 4% to 8% Net profit (beia) organic growth to be more closely in line with the expected operating profit (beia) organic growth 12
Slide 13: Thank you Q & A
Thank you Q&A 13