Anheuser-Busch InBev SA/NV · EURONEXT:ABI

Anheuser-Busch InBev SA/NV — MillerCoors — Q2 2016 Earnings Presentation

13 slides from Anheuser-Busch InBev SA/NV's earnings presentation, 2016

  1. Slide 1: MillerCoors Q2 2016

    oe oeee “@ee0e ) - : ® in ce a. MillerCoahe 02 2016 * @ MillerCoors:

  2. Slide 2: American Light Lagers

    American Light Lagers Miller Lite and Coors Light • Combined to delivered flat sales-to-retail volume for the second consecutive quarter 2

  3. Slide 3: Premium Regular

    Premium Regular Coors Banquet • Gained segment share • Low-single-digit growth • On target for 10th consecutive year of growth 3

  4. Slide 4: Above Premium

    Above Premium • STRs finished down low-single digits 4

  5. Slide 5: Above Premium—Innovations

    Above Premium—Innovations • Henry’s was the number-one Hard Soda franchise in the quarter • Redd’s declined mid-single digits 5

  6. Slide 6: Tenth and Blake

    Tenth and Blake Finished Q2 with mid-single-digit decline 6

  7. Slide 7: Below Premium

    Below Premium • Decreased mid-single digits for Q2 7

  8. Slide 8: MillerCoors Q2 2016

    oe oeee “@ee0e ) - : ® in ce a. MillerCoahe 02 2016 * @ MillerCoors:

  9. Slide 9: Second Quarter Underlying Net Income

    Second Quarter Underlying Net Income $487.2M $468.8M COGS/bbl Pricing Sales Mix Cost Savings STW Volume Q2 2015 Q2 2016 MG&A 9

  10. Slide 10: Domestic Net Revenue Per Barrel

    Domestic Net Revenue Per Barrel 1.6% 1.7% 1.2% 1.5% 1.5% 0.7% 1.80% 1.60% 1.40% % Change vs. PY 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Increase due to favorable net pricing and positive sales mix. 10

  11. Slide 11: Performance Results

    Performance Results Underlying Net Net Sales STR Volume STW Volume Income -3.8% -3.5% -1.7% -4.4% 11

  12. Slide 12: Financial Highlights

    Financial Highlights Total cost of goods sold (COGS) per barrel decreased 1.3 percent for Q2. Marketing, General and Administrative costs increased 1.8 percent for Q2. Depreciation and amortization expenses were $116.0 million for Q2. 12

  13. Slide 13: MillerCoors Q2 2016

    oe oeee “@ee0e ) - : ® in ce a. MillerCoahe 02 2016 * @ MillerCoors:

MillerCoors — Q2 2016 Earnings Presentation on 6ix