Financial Data and Key Metrics - Group revenue increased by 8.9% organically to EUR 6.4 billion, driven by a 12.1% increase in price mix on a constant geographic basis, offsetting a 3% organic decline in beer volume [7] - Operating profit beia is expected to grow organically in the mid to high-single digits for the full year, with growth likely to be more concentrated in the second half [25] Business Line Performance - **Heineken Brand**: Volume grew 5.7% excluding Russia, with over 25 markets growing double digits, particularly in Brazil and China [15] - **Heineken Silver**: Grew 47% organically, with strong momentum in Vietnam and China, and launched in the U.S. with rapid distribution build-up [16] - **Heineken 0.0**: Grew 6.9% organically excluding Russia, with strong performance in Brazil, the U.S., UK, Spain, and the Netherlands [16] Regional Performance - **Africa, Middle East, and Eastern Europe**: Net revenue beia grew 3.6% organically, but beer volume declined 8.3%, with significant declines in Nigeria and South Africa partially offset by growth in Ethiopia [8] - **Americas**: Net revenue beia grew 14.8% organically, with beer volume up 3.4%, led by strong performance in Brazil and Mexico [10] - **Asia Pacific**: Net revenue beia declined 5.4% organically, with total volume down 10.5%, driven by declines in Vietnam and Cambodia [11] - **Europe**: Net revenue beia grew 13.5% organically, with total volume down 1.3%, outperforming expectations due to resilient consumer spending [13] Strategic Developments and Industry Competition - The company is on track to close the Distell transaction, which is expected to add EUR 1.6 billion in gross revenue and EUR 160 million in operating profit, with synergies of EUR 75 million to EBITDA [17][21][22] - The company is focused on premiumization, digital route-to-consumer, and sustainability under its EverGreen strategy [6][24] Management Commentary on Operating Environment and Future Outlook - The company remains cautious about the impact of a volatile global economy on consumer demand, particularly in Asia Pacific, but sees resilience in Europe [24][25] - Management reiterated full-year guidance, expecting mid to high-single-digit organic growth in operating profit beia, with growth likely to be more concentrated in the second half [25] Other Important Information - The company has submitted an application for approval regarding the transfer of ownership of its Russian business, with limited details available due to ongoing processes [26] Q&A Session Summary Question: Investment behind brands - The company has materially increased investment behind its brands, focusing on premiumization and growth markets, with timing and focus on markets like Mexico, Brazil, and Vietnam [27][28] Question: Confidence in full-year guidance - The company is confident in its EverGreen strategy and ability to adapt to market conditions, with a focus on controllables and agility [32][33] - Vietnam's market grew 6% in volume according to Nielsen, with the company performing broadly in line, but overstocking in Q4 2022 led to inventory challenges [38][39] Question: Distell integration and pricing strategy - The priority for Distell integration is to focus on people, governance, and winning the season, with growth and synergies to be discussed in the coming months [44][45][46] - Pricing strategy will be market-by-market, with the company comfortable with Q1 pricing and taking a step-by-step approach to further pricing later in the year [49][50] Question: U.S. and Europe performance - Heineken Silver's U.S. launch is in early stages, with positive distributor feedback and strong consumer taste profiles [55] - Europe's performance is balanced between on-trade and off-trade, with on-trade still below 2019 levels but showing resilience [57] Question: Vietnam and Nigeria - Vietnam's destocking is ongoing, with industry-wide overstocking due to misread signals in Q4 2022 [61][62] - Nigeria's volume decline is expected to improve, with a focus on premiumization and market share retention [64][65] Question: Brazil and commodities - Brazil continues to perform strongly, with Heineken and Amstel driving growth, though the company cautions against expecting perpetual high growth [77][78] - Commodity prices are trending down, but it is too early to provide guidance for 2024 [80]

Heineken N.V. 2022 Full Year Results Dolf van den Brink, CEO Harold van den Broek, CFO THEINEKEN 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, state ...

Heineken N.V. Full Year 2022 Earnings Conference Call Summary Company Overview - **Company**: Heineken N.V. (OTCQX: HEINY) - **Date of Call**: February 15, 2023 - **Participants**: - José Federico Castillo Martinez – Director-Investor Relations - Dolf van den Brink – Chief Executive Officer - Harold van den Broek – Chief Financial Officer Key Financial Highlights - **Net Revenue**: Grew 21.2% organically to €28.7 billion, driven by volume and value growth [7][34] - **Operating Profit**: Increased by 24% to €4.5 billion, with a margin of 15.7% [7][37] - **Net Profit**: Grew 30.7% year-over-year, with EPS increasing by 39% to €4.92 [48][49] - **Volume Growth**: Total volume grew 6.4% organically, with beer volume up 2.7% compared to 2019 [8][34] - **Gross Savings**: Achieved €1.7 billion in gross savings from productivity programs, on track to exceed €2 billion target by 2023 [6][49] Strategic Focus and Performance - **EverGreen Strategy**: Focus on balanced growth through five priorities: top line growth, digitization, productivity, sustainability, and unlocking potential of people [4][5] - **Premiumization**: Strong performance in premium brands, with Heineken brand growing 14.5% and premium portfolio up 15% [18][19] - **Regional Performance**: - **AMEEE**: Net revenue grew 21.8%, driven by strong growth in Nigeria and South Africa [9][10] - **Americas**: Net revenue increased 15.2%, with strong performance in Mexico and Brazil [11][12] - **APAC**: Beer volume increased 29.3%, with net revenue up 37.4% [13][14] - **Europe**: Net revenue grew 19.2%, with a focus on premiumization and responsible pricing [15][16] Sustainability and Corporate Responsibility - **Brew a Better World Strategy**: Aiming for Net Zero carbon emissions by 2030, with a reduction of 18% in absolute carbon emissions since 2018 [28][29] - **Gender Diversity**: Increased percentage of senior management positions held by women from 19% to 27% over five years [30] Future Outlook - **2023 Expectations**: Operating profit expected to grow mid to high-single digit, with stable to modestly growing volume in developing markets and declining in Europe [59][60] - **Input Costs**: Anticipated high teens input cost inflation, particularly in Europe [60] - **Capital Allocation**: Focus on maintaining net debt-to-EBITDA ratio below 2.5 times while investing in growth [82][83] Additional Insights - **Digital Transformation**: Introduction of a standardized eB2B platform named eazle, aiming to improve customer experience and efficiency [25][26] - **Market Share**: Heineken is growing market share in two-thirds of its markets, with a focus on balancing volume and price mix [71][72] - **Pricing Strategy**: Confidence in passing on cost pressures to consumers, with ongoing negotiations with European retailers [89][93] This summary encapsulates the key points from Heineken's earnings call, highlighting financial performance, strategic initiatives, sustainability efforts, and future outlook.

Heineken NV (OTCQX:HEINY) Q2 2022 Earnings Conference Call August 1, 2022 8:00 AM ET Company Participants Federico Martinez - Director, IR Rudolf van den Brink - Chairman & CEO Harold van-den Broek - CFO Conference Call Participants Simon Hales - Citigroup Edward Mundy - Jefferies Trevor Stirling - Sanford C. Bernstein & Co. Tristan Van Strien - Redburn Pinar Ergun - Morgan Stanley Nik Oliver - UBS Operator Hello, and welcome to the Heineken N.V. Half Year 2022 Results. My name is Harry, and I'll be coordin ...

Heineken N.V. 2021 Full Year Results Dolf van den Brink, CEO Harold van den Broek, CFO Amsterdam | February 16, 2022 | Heineken N.V. Disclaimer 2 | --- | --- | |------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------| | | | | activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to | | | differ materially f ...

Heineken N.V. (OTCQX:HEINY) Q4 2021 Earnings Conference Call February 16, 2022 8:00 AM ET Company Participants Dolf van den Brink – Chief Executive Officer Harold van den Broek – Chief Financial Officer Federico Martinez – Investor Relations Conference Call Participants Trevor Stirling – Alliance Bernstein Simon Hales – Citi Olivia Nikolai – Goldman Sachs Celine Pannuti – JPMorgan Andrea Pistacchi – Bank of America Sanjeet Aujla – Credit Suisse Edward Mundy – Jefferies Operator HNV 2021 Full Year's Results ...

Financial Data and Key Metrics Changes - The company reported a net revenue growth of 14.1% organically, amounting to €1.3 billion, driven by strong volume growth and revenue per hectolitre growth [15][43] - Beer volume grew by 9.6%, with Heineken brand volume increasing by 19.6% [15][32] - Operating profit more than doubled, reaching €1.6 billion, with a margin of 16.3% [15][54] - Net profit tripled compared to the previous year, with EPS growing to €1.56 per share, although still 15% below 2019 levels [64][65] Performance by Business Lines - In the AMEE region, net revenue grew organically by 30.4%, and operating profit increased by 190.2%, with strong growth in South Africa and Nigeria [17] - The Americas saw net revenue and operating profit grow by 25.7% and 85.7% respectively, driven by Mexico and Brazil [19] - Asia Pacific experienced a beer volume decline of 1% organically, with net revenue increasing by 5.4% [23] - Europe reported a net revenue growth of 3%, with a beer volume decline of 9.7% in Q1, but a recovery to 13% growth in Q2 [29] Market Data and Key Metrics Changes - In Nigeria, beer volume grew 16.8% organically, with a premium portfolio growth close to 60% [18] - Mexico's beer volume fully recovered with growth in the mid-30s, while Brazil's price mix grew in the high 20s [20][21] - In Europe, on-trade volume was down by a low single digit for the first half, with off-trade growing ahead of 2019 [30][31] Company Strategy and Industry Competition - The company launched the EverGreen strategy aimed at delivering superior and profitable growth while navigating the ongoing pandemic [7][10] - The acquisition of United Breweries in India is seen as a significant opportunity for long-term growth, leveraging the large population and low per capita beer consumption [27][28] - The company is focusing on premiumization and expanding its portfolio, with new product launches in various markets [12][32] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the ongoing impact of COVID-19 and rising commodity costs, expecting full-year financial results to remain below 2019 levels [16][73] - The company anticipates margin pressure to intensify in the second half of the year due to input cost inflation [73] - Despite uncertainties, management is confident in the progress made towards the EverGreen strategy and the commitment of its workforce [75] Other Important Information - The company reported a significant currency translation impact of €567 million, decreasing net revenue by 6.1% [47] - The organizational redesign has been largely completed, with a target of delivering €2 billion in gross savings by 2023 [58][59] - Free operating cash flow improved to €650 million, a significant increase from the previous year [68] Q&A Session Summary Question: Early signs of EverGreen strategy evolution - Management highlighted the need for consumer-centric innovation and the positive momentum in brand Heineken's growth [80] Question: Confidence in delivering €2 billion cost savings - Management expressed confidence in the progress made and the programmatic approach to cost savings [88] Question: Excitement about India integration - Management is optimistic about the long-term growth potential in India, citing favorable demographics and the strength of the Kingfisher brand [82][84] Question: Input cost headwinds outlook - Management indicated that input costs have risen significantly and expect pressures to continue into the second half of the year [106] Question: Recovery of the on-premise channel in Europe - Management noted a slower recovery in Europe compared to the U.S., with ongoing uncertainties regarding the full return of on-trade volumes [100] Question: Clarification on €1 billion savings - Management clarified that the €1 billion savings is an annualized figure, not a gross number for 2021 [103]

Heineken N.V. 2021 Half Year Results Dolf van den Brink, CEO Harold van den Broek, CFO Amsterdam | August 2, 2021 | Heineken N.V. Disclaimer 1 | --- | --- | |------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------| | | | | activities. These forward-looking statements are subject to risks and uncertainties that could cause actual results to | | | differ materially from ...

Heineken N.V. (OTCQX:HEINY) Q4 2020 Results Conference Call February 10, 2021 8:00 AM ET Company Participants Federico Martinez - IR Dolf van den Brink - CEO Laurence Debroux - CFO Conference Call Participants Trevor Stirling - Bernstein Sanjeet Aujla - Credit Suisse Simon Hales - Citi Richard Withagen - Kepler Ed Mundy - Jefferies Olivier Nicolai - Goldman Sachs Andrea Pistacchi - Bank of America Nik Oliver - UBS Celine Pannuti - JP Morgan Mitch Collett - Deutsche Bank Robert Vos - ABN AMRO Laurence Whyatt ...

THEINEKEN 1 Superior & profitable growth in a fast-changing world February 2021 Disclaimer 2 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 forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond HEINEKEN's ability to control or est ...