Heineken Nv · EURONEXT:HEIA

Heineken Nv — H1 2018 Earnings Presentation

15 slides from Heineken Nv's earnings presentation, Jul 30, 2018

  1. Slide 1: 2018 Half Year Earnings Release

    Heineken N.V. 2018 Half Year Earnings Release Jean-François van Boxmeer, CEO Laurence Debroux, CFO Amsterdam | July 30, 2018 | Heineken N.V. 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements with regard to the financial position and results of HEINEKEN’s activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forwar

  3. Slide 3: 2018 HY Key Highlights

    2018 HY Key Highlights  Organic net revenue +5.6% with net revenue per hectolitre +1.1%  Consolidated beer volume +4.5%  Heineken® volume +7.5%  Operating profit (beia) organic growth +1.3% and operating profit margin -118 bps (-76 bps excluding Kirin)  Net profit (beia) of €1,076 million, up 8

  4. Slide 4: Regional Review

    Regional Review 2018 HY Organic Growth % AFRICA, MIDDLE EAST HEINEKEN NV AMERICAS ASIA PACIFIC EUROPE & EASTERN EUROPE Consolidated beer volume 4.5 5.6 6.1 13.0 -0.1 Net revenue per hl 1.1 5.2 1.7 -4.4 1.4 Net revenue 5.6 12.2 8.6 8.1 1.1 Operating profit (beia) 1.3 4.3 8.1 2.7 -6.5 4

  5. Slide 5: Heineken volume +7.5%

    Heineken volume +7.5% ®  Positive momentum in all regions particularly in AMEE and the Americas  Double digit growth in Brazil, South Africa, Russia, UK, Nigeria, Mexico, Poland and Romania  Heineken® 0.0 is now available in 33 markets and performing strongly  Continued benefit from global spons

  6. Slide 6: Strong top line growth

    Strong top line growth Developing our international brands Building Craft & Variety Leading Low- and no-alcohol innovations  Portfolio grew high single digit  Craft & Variety volume was up  Double digit growth in Poland,  Volume up double digit for Tiger, double digit. Strong performance of Neth

  7. Slide 7: Brewing a Better World

    Brewing a Better World  Launched a new global Heineken® campaign “When You Drive, Never Drink”  Focus on social pressure around drinking and driving  Empowering people to make the right decisions  “Drop the C” program ambition to grow renewable energy usage to 70% by 2030  Initiated several pro

  8. Slide 8: Financial Overview

    Financial Overview Key Financials 2018 HY 2017 HY Total Change (%) Organic Change (%) €m unless otherwise stated (RESTATED) Net revenue 10,777 10,342 4.2 5.6 Operating profit (beia) 1,754 1,805 -2.9 1.3 Operating profit (beia) margin 16.3% 17.5% -118bps Net profit (beia) 1,076 1,036 3.8 8.9 Net prof

  9. Slide 9: Net Revenue: +5.6% Organic Growth

    Net Revenue: +5.6% Organic Growth Organic growth +5.6% +5.1% +1.1% €m +4.4% €m -6.6% 10,777 10,342 2017 HY Net Revenue Consolidation impact Currency translation Total volume Rev/hl 2018 HY Net Revenue restated 9

  10. Slide 10: Operating Profit (beia): +1.3% Organic Growth

    Operating Profit (beia): +1.3% Organic Growth +2.9% €m +1.3% €m -7.1% 1,805 1,754 2017 HY Operating profit Consolidation impact Currency translation Organic growth 2018 HY Operating profit (beia) (beia) 10

  11. Slide 11: HY2018 Operating Profit (beia) margin

    HY2018 Operating Profit (beia) margin -118 bps Main drivers of variation -42 bps  Consolidation of Kirin Brasil with stronger 17.5% growth than expected -76 bps 16.3%  Input costs per hl increase +3.0% organically, mainly due to adverse transactional currency movements impacting packaging costs 

  12. Slide 12: FY2018 Operating Profit (beia) Margin update

    FY2018 Operating Profit (beia) Margin update -20 bps  Revenue growth is expected to continue and operating profit growth to accelerate in the +25 bps second half on an organic basis  Strong performance in Brazil with two effects: In the first five months, the dilutive impact of the consolidation o

  13. Slide 13: Diluted EPS (beia) €1.89, +3.8%

    Diluted EPS (beia) €1.89, +3.8% +3.8% €0.04 +€0.16 €1.89 €1.82 -€0.14 2017 HY Diluted EPS (beia) Consolidation impact Currency translation Organic growth 2018 HY Diluted EPS (beia) 13

  14. Slide 14: Full Year Outlook

    Full Year Outlook  Economic conditions are expected to remain volatile and we assume a negative impact from currency comparable to 2017  Revenue growth is expected to continue and operating profit growth to accelerate in the second half on an organic basis  We are updating our operating profit ma

  15. Slide 15: HEINEKEN

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