Molson Coors(US:TAP)2022-02-23 18:50Financial Performance - Q4 2021 - Net Sales Revenue (NSR) increased by 13.7% due to EMEA & APAC growth of 56.5% and Americas growth of 7.1%[29] - Underlying EBITDA increased by 21.9%[28] - Underlying COGS/HL increased by 5.2% due to cost inflation and mix impacts from premiumization[30] Financial Performance - Full Year 2021 - NSR increased by 4.7%, with Americas up 2.0% and EMEA & APAC up 19.6%[38] - NSR/HL grew by 3.8%, with the U S showing a 4.4% increase due to net pricing growth and success in Above Premium products[38] - Underlying EBITDA decreased by 3.5%[37] Brand Performance - Coors Light net sales revenue increased by 4.4% in the U S [11] - Miller Lite net sales revenue increased by 7.6% in the U S [11] - Emerging Growth business aims for $1 billion in revenue by 2023[17] Strategic Initiatives and Outlook - Molson Coors plans to deliver the highest top- and bottom-line growth in over a decade in 2022[21] - The company reduced net debt by nearly $1 billion in 2021[42] - The company is targeting a net debt to underlying EBITDA ratio below 3.0x by the end of 2022[45] - The company anticipates mid single-digit Net Sales Revenue growth and high single-digit Underlying Income before Income Tax growth in 2022, on a constant currency basis[44]