INTERIM FINANCIAL STATEMENT 2020 13 August 2020 1 Disclaimer FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, including statements about the Group's sales, revenues, earnings, spending, margins, cash flow, inventory, products, actions, plans, strategies, objectives and guidance with respect to the Group's future operating results. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or ...

Carlsberg A/S (OTCPK:CABGY) Q4 2019 Earnings Conference Call February 4, 2020 3:00 AM ET Company Participants Cees Â't Hart - President & Chief Executive Officer Heine Dalsgaard - Chief Financial Officer Conference Call Participants Jonas Guldborg - Danske Bank Simon Hales - Citi Søren Samsøe - SEB James Edwardes Jones – RBC Trevor Stirling - Bernstein Laurence Whyatt - Barclays Richard Withagen - Kepler Cheuvreux Frans Høyer - Handelsbanken Fintan Ryan - JPMorgan Toby McCullagh - Societe Generale Andrea Pi ...

Financial Performance - The company experienced revenue growth of 3.2% organically[6, 23] - Operating profit increased by 10.5%[6, 24] - Free cash flow reached DKK 10 billion[8, 30] - Dividends and buybacks amounted to DKK 7.2 billion[8] - Net profit increased by 23.7% to DKK 6569 million[27] - Adjusted EPS increased by 16.5% to DKK 41.0[27] Segment Performance - Core Beer organic revenue and gross brand contribution grew by 3%[10] - Craft & Speciality organic volume grew by 16%[10] - Alcohol-free brews organic volume grew by 7%[10] - Asia organic volume grew by 6%[10] - Western Europe operating margin increased by 200bp[12] - Asia revenue increased by 12.3% and operating profit increased by 23.4%[15] - Eastern Europe total volumes decreased by 5.2% and revenue decreased by 0.4%, with operating profit decreasing by 17.9%[18] Strategic Priorities and Outlook - The company reduced relative carbon emissions by 13%[11] - The company reduced relative water usage by 3%[11] - The company expects mid-single-digit percentage organic growth in operating profit for 2020[43]

Carlsberg A/S (OTCPK:CABGY) Q3 2019 Results Conference Call October 31, 2019 4:00 AM ET Company Participants Cees Â't Hart - President and CEO Heine Dalsgaard - CFO Conference Call Participants Soren Samsoe - SEB Jonas Guldborg - Danske Bank Laurence Whyatt - Barclays Edward Mundy - Jefferies Simon Hales - Citi Nadine Sarwat - Bernstein Frans Høyer - Handelsbanken Cees Â't Hart Good morning, everybody, and welcome to CarlsbergÂ's Q3 2019 Conference Call. My name is Cees Â't Hart and I have with me, CFO, Hei ...

TRADING STATEMENT Q3 2019 31 October 2019 Carlsberg Group | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------|-----------|-----------------|--------------------|-------|-----------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Solid top-line growth | | | | | | | | | | | | | | | | | | | | | | | | | | | | NET REVENUE | | (DKKm) | | | 18,526 | | | | | | | | | PRICE/M ...

Carlsberg A/S (OTCPK:CABGY) Q2 2019 Results Conference Call August 15, 2019 3:00 AM ET Company Participants Cees 't Hart - President and Chief Executive Officer Heine Dalsgaard - Chief Financial Officer Peter Kondrup - Vice President of Investor Relations Conference Call Participants Trevor Stirling - Bernstein Jonas Hansen - Danske Bank Sanjeet Aujla - Credit Suisse Andrea Pistacchi - Deutsche Bank Simon Hales - Citi Søren Samsøe - SEB Nico Von Stackelberg - Liberum Edward Mundy - Jefferies Cees 't Hart Go ...

H1 2019 INTERIM FINANCIAL STATEMENT INTERIM FINANCIAL STATEMENT H1 2019 15 August 2019 1 laberg H1 2019 INTERIM FINANCIAL STATEMENT A strong set of numbers GROWING TOP- AND BOTTOM-LINE • Net revenue +4.2%* • Operating profit +17.7%* DELIVERING STRONG CASH FLOW • Free cash flow of DKK 5.2bn IMPROVING ROIC • +110bp to 8.7% SIGNIFICANT CASH RETURNS • Dividends and buybacks of DKK 5.2bn (YTD) organic growth Volume GOLDEN TRIANGLE margin GPaL DKK FCF organic growth EBIT 2 * Organic numbers H1 2019 INTERIM FINANC ...

Carlsberg A/S (OTCPK:CABGY) Q1 2019 Earnings Conference Call May 2, 2019 3:00 AM ET Company Participants Cees 't Hart - President & Chief Executive Officer Heine Dalsgaard - Chief Financial Officer Peter Kondrup - Vice President of Investor Relations Conference Call Participants Jonas Guldborg - Danske Bank Søren Samsøe - SEB Andrea Pistacchi - Deutsche Bank Hans Gregersen - Nordea Michael Rasmussen - ABG Ed Mundy - Jefferies Tristan Van Strien - Redburn Partners Simon Hales - Citi Trevor Stirling - Bernste ...

| --- | --- | --- | --- | |---------------------------|-------|-------|-----------| | | | | | | Q1 2019 TRADING STATEMENT | | | | | | | | | | | | | | | | | | | | | | | | | TRADING | | | | | | | | STATEMENT | 1 Q1 2019 TRADING STATEMENT A good start to the year NET REVENUE* PRICE/MIX +6.4% +3% +3.4% TOTAL VOLUME* | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|----------------------------|--------|-------------|-------------|-------|--------|--------------| | | | Q1 2019 \n(m.hl / DK ...

Carlsberg AS ADR B (OTCPK:CABGY) Q4 2018 Results Earnings Conference Call February 6, 2019 3:00 AM ET Company Participants Cees 't Hart - President, Chief Executive Officer Heine Dalsgaard - Chief Financial Officer Conference Call Participants Simon Hales - Citi Jonas Guldborg - Danske Bank Ed Mundy - Jefferies Mitch Collett - Goldman Sachs Hans Gregersen - Nordea Søren Samsøe - SEB Andrea Pistacchi - Deutsche Bank Richard Withagen - Kepler Cheuvreux Trevor Stirling - Bernstein Fernando Ferreira - Bank of A ...