HEINEKEN Dolf van den Brink, CEO Harold van den Broek, CFO 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 be deemed to be, forward-looking statements. Forward-looking statements also include, but are not limited to, statements and information in HEINEKEN's sustainabili ...

Financial Data and Key Metrics Changes - The company reported a net revenue growth of 5.5% organically, reaching €30.3 billion, with net revenue per hectoliter increasing by 10.8% while total beer volume declined by 4.7% [29][48] - Operating profit before interest and tax (beia) grew by 1.7% to €4.4 billion, with three out of four regions delivering profit growth [3][78] - Net profit beia declined by 4.3% to €2.63 billion, impacted by higher interest and financing expenses [30][83] - The diluted EPS ended at €4.67, with a stable dividend per share proposed at €1.73 [55][30] Business Line Data and Key Metrics Changes - The Heineken brand achieved a volume growth of 3.4%, excluding Russia, with operating profit beia margin at 14.7%, down 100 basis points from the previous year [3][25] - In Africa and the Middle East, net revenue grew organically by 11.6%, despite a beer volume decline of 6.3%, offset by a strong price/mix growth of 17.4% [6][7] - The Americas saw a net revenue growth of 7.4%, with stable beer volume and an operating profit beia growth of 6.2% [9][51] - APAC faced challenges with a net revenue decline of nearly 6% and a beer volume decrease of 10.4%, primarily due to Vietnam [12][24] Market Data and Key Metrics Changes - In Europe, net revenue grew by 6.3%, with a price/mix increase of 11.7%, while beer volume declined by 5.4% [15][16] - Brazil demonstrated strong growth momentum, with beer volume increasing by low single digits, outperforming the market [37][38] - China became the second-largest market for the Heineken brand globally, with a volume increase of 4.5 times since 2019 [40][41] Company Strategy and Development Direction - The company aims for superior balanced growth, focusing on volume and value growth, continuous productivity, better capital efficiency, and sustainability [2][28] - The EverGreen strategy emphasizes long-term value creation through digital transformation, productivity improvements, and sustainability initiatives [28][90] - The company plans to invest significantly in marketing and sales to restore growth momentum in 2024 [68][76] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that 2023 was a pause year but expressed confidence in restoring growth momentum in 2024 [93][66] - The macroeconomic environment and geopolitical developments are expected to remain uncertain, impacting business operations [62][91] - The company anticipates a low to high single-digit organic growth in operating profit for 2024, depending on external factors [92][90] Other Important Information - The company achieved cumulative gross savings of €2.5 billion since the start of the EverGreen strategy, exceeding the initial target [52][134] - A noncash impairment charge of approximately 16% of the carrying amount of Heineken Beverages was recorded due to external factors [58][87] - The company is committed to sustainability, aiming for 43% of volumes sold in reusable formats by 2030 [20][46] Q&A Session Summary Question: What are the biggest milestones passed in 2023? - Management highlighted the successful integration of Distell and operational improvements in challenging markets like India and Nigeria [72][125] Question: What is the outlook for volume growth in Europe? - Management expressed cautious optimism, noting that while there are positive indicators, significant recovery in key markets like Nigeria and Vietnam is still needed [130][131] Question: What is holding back share buybacks despite a favorable net debt-to-EBITDA ratio? - The company prioritizes maintaining its dividend policy and investing in organic growth before considering share buybacks [107][130] Question: How will the company manage pricing in a lower cost environment? - Management indicated that they have concluded most pricing negotiations for 2024 and are confident in maintaining competitiveness [115][116] Question: What are the expectations for gross margin recovery? - Management believes that with a more stable inflationary environment, gross margin recovery is possible, but it is too early to make firm commitments [99][100]

Heineken’s policy of putting up prices last year has come back to bite it with volumes down by 5% in 2023 compared to the year before. The Dutch brewer’s pricing policies helped it keep revenues moving forward at €36.4bn, up from €31bn, but profits felt the impact falling 4.3% to €2.3bn. In a statement, Dolf van den Brink, chairman, said it has had to prioritise pricing to offset unprecedented levels of commodity and energy inflation. As a result, drinkers had switched to cheaper rivals, he said. In the UK ...

Heineken shares fell on Wednesday after the Dutch brewer reported a slump in the volumes of beer it sold, caused by customers balking at higher prices.  The Amsterdam headquartered company, which makes beer brands including Red Stripe and Birra Moretti as well as its namesake lager, saw its volumes drop 4.7% year-on-year, to 242.6 million hectoliters (mhl), following a series of hikes that saw its average prices increase by 10.2% worldwide. “Strong... Master your money. Subscribe to MarketWatch. Get ...

Heineken® launches "Cheers To The Real Hardcore Fans", a campaign that subverts expectations and redefines what it means to be a "real hardcore fan" in an effort to tackle the negative hardcore fan stereotypes to help make football more inclusive.Heineken® teams up with new ambassador, Dutch team captain Virgil van Dijk alongside former Lioness Jill Scott MBE, to celebrate the modern face of football fandom. To announce their ambassador roles Jill and Virgil took part in a challenge to spot the ‘real hardco ...

Investors interested in Consumer Staples stocks should always be looking to find the best-performing companies in the group. Heineken NV (HEINY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Heineken NV is one of 193 companies in the Consumer Staples group. The Consumer ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------|-------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Heineken N.V. 2023 Q3 Results | | | | | | | | | | | | | | | | | | | | Harold van den Broek, CFO | | | | | | | | | | | | | | | | | | | | | 1 2 Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with re ...

Heineken N.V. (OTCQX:HEINY) Q3 2023 Trading Update Call October 25, 2023 8:00 AM ET Company Participants Federico Castillo Martinez - Director of Investor Relations Harold van den Broek - Chief Financial Officer Conference Call Participants Olivier Nicolai - Goldman Sachs Laurence Whyatt - Barclays Edward Mundy - Jefferies Mitchell Collett - Deutsche Bank Andrea Pistacchi - Bank of America Simon Hales - Citi Trevor Stirling - Bernstein Federico Castillo Martinez Good afternoon, everyone. Thank you for joini ...

Heineken NV (OTCQX:HEINY) Q2 2023 Earnings Conference Call July 31, 2023 7:00 AM ET Company Participants Federico Castillo Martinez - Director, IR Dolf van den Brink - Chairman & CEO Harold van den Broek - CFO Conference Call Participants Edward Mundy - Jefferies Trevor Stirling - Bernstein Simon Hales - Citigroup Richard Withagen - Kepler Cheuvreux Laurence Whyatt - Barclays Bank Carlos Laboy - HSBC Sanjeet Aujla - Crédit Suisse Nik Oliver - UBS Robert Ottenstein - Evercore ISI Operator Hello, everyone, an ...

Heineken N.V. 2023 First Quarter Trading Update Harold van den Broek, CFO *HEINEKEN Disclaimer This presentation contains forward-looking statements based on current expectations and assumptions with regard 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 be deemed to be, forward-looking statements. Forward-looking statements also include, but are not limited to, statements and inf ...