Anheuser-Busch InBev SA/NV · EURONEXT:ABI

Anheuser-Busch InBev SA/NV — Q1 2013 Earnings Presentation

24 slides from Anheuser-Busch InBev SA/NV's earnings presentation, Apr 30, 2013

  1. Slide 1: First Quarter 2013 Results

    First Quarter 2013 Results 30 April 2013 © AB InBev 2013 – All rights reserved

  2. Slide 2: Forward looking statements

    Forward looking statements Certain statements contained in this report that are not statements of historical fact constitute forward-looking statements, notwithstanding that such statements are not specifically identified. In addition, certain statements may be contained in the future filings of the

  3. Slide 3: 1Q13 summary

    1Q13 summary • Revenue +1.5% • Revenue per hl +5.8%  US +4.0%  Brazil +8.6%  China +11.6% • Total volumes -4.1%, beer -4.0%  Global Brands +4.7% and Focus Brands -2.9% • EBITDA +0.9% with EBITDA margin -22 bps to 37.4% • EPS of $1.16, growth of 12.6% © AB InBev 2013 – All rights reserved Note: E

  4. Slide 4: Global brands volume +4.7%, led by Budweiser

    Global brands volume +4.7%, led by Budweiser © AB InBev 2013 – All rights reserved 3

  5. Slide 5: Beer Brazil results – 1Q13 Summary

    Beer Brazil results –1Q13 Summary Industry  Volumes declined by ~7% in 1Q13 AB InBev  Beer volumes -8.2% in 1Q13  Beer market share -90 bps to 68.1% • Tough 1Q12 comp • 2012 Price increase • 20 bps improvement in share over 4Q12  Beer revenue / hl growth of +8.6% in 1Q13(1)  Strong consumer pre

  6. Slide 6: Beer Brazil 1Q13 – Drivers of Volume

    Beer Brazil 1Q13 – Drivers of Volume Drivers  Earlier timing of Carnival  Poor weather  High food inflation  Slowdown in disposable income growth  Real price increase following October 2012 excise tax increase Industry volume outlook for 2013  Flat or down low single digits © AB InBev 2013 – A

  7. Slide 7: Brazil – fundamentals remain strong

    Brazil – fundamentals remain strong Macro: • Demographics: young and growing population • Government stimulation: measures underway and expected to continue • Sports events: FIFA World Cup 2014 & Olympics 2016 Beer industry: • Per capita: room for growth in north and northeast • Disposable income: g

  8. Slide 8: US results – 1Q13 summary

    US results – 1Q13 summary Industry  STRs (Selling Day Adjusted) -3.0% in 1Q13 AB InBev  STRs (Selling Day Adjusted) -4.1% in 1Q13  Shipments -5.2% in 1Q13 (One less selling day)  Market share decline of 50 bps in 1Q13  Focus brand families growing share  Decline primarily attributable to sub-p

  9. Slide 9: Bud Light family – 1Q13 highlights

    Bud Light family – 1Q13 highlights Bud Light Platinum • Share stable at 0.8% since summer 2012 • Cycling exceptionally strong 1Q12 launch volumes Lime-A-Rita • Continued strong performance, helped to drive brand mix Straw-ber-Rita • Launched in March, off to a very strong start • Lime-A-Rita and Str

  10. Slide 10: Budweiser family – share stable in 1Q13

    Budweiser family – share stable in 1Q13 • Successful launch of Budweiser Black Crown in January 2013 • Bowtie can coming to market in May 2013 • Made in America – Labor Day weekend, 2013 © AB InBev 2013 – All rights reserved 9

  11. Slide 11: Ultra and High end performing well

    Ultra and High end performing well • Good share performances by Michelob Ultra and high end portfolio • Shock Top continues to perform well, especially latest flavor – Honeycrisp Apple Wheat • Goose Island national rollout has been well received. Volumes nearly doubled in the quarter © AB InBev 2013

  12. Slide 12: Innovation pipeline remains healthy

    Innovation pipeline remains healthy New 25 oz. can Bowtie can .. and more to Stella come… Artois Cidre Shock Top Summer Pack © AB InBev 2013 – All rights reserved 11

  13. Slide 13: China results – 1Q13 Summary

    China results – 1Q13 Summary • Beer Volume +15.5% in 1Q13 following strong industry recovery • Focus Brands +21.8%, Harbin and Budweiser delivered very strong growth • Estimated market share gain in 1Q13 (1) • Revenue/hl +11.6% mainly due to premiumization strategy (1) Internal estimate © AB InBev 2

  14. Slide 14: Successful Chinese New Year Campaign driving Budweiser Growth

    Successful Chinese New Year Campaign driving Budweiser Growth Launch of seasonal Year of the Snake aluminum bottle and can ©© ABAB InBev 2013 InBev – All 2013 rights – All reserved rights reserved 13

  15. Slide 15: Harbin – NBA Activation Chinese New Year 2013

    Harbin –NBA Activation Chinese New Year 2013 NBA sponsorship is the key theme for Harbin Double during Chinese New Year digit season growth in 1Q13 Packaging • Launch of themed cans and multipacks Connectivity Retail activation © AB InBev 2013 – All rights reserved

  16. Slide 16: Mexico is the World's Fourth Largest Beer Profit Pool

    Mexico is the World’s Fourth Largest Beer Profit Pool The combined company will hold the #1 position in 4 of the top 5 profit pools globally 20.8% 13.7% 12.6% 6.8% 6.4% 5.3% 4.1% 3.0% 3.5% 1.2% United States Brazil Japan Mexico Canada AB InBev Position #1 #1 - #1 #1 % of World Volume Pool % of World

  17. Slide 17: Canada highlights – 1Q13 Summary

    Canada highlights – 1Q13 Summary • Beer volumes -2.9% • Strong volume and share performance by Bud Light Family, following launch of Bud Light Platinum © AB InBev 2013 – All rights reserved 16

  18. Slide 18: Latin America South – 1Q13 Summary

    Latin America South – 1Q13 Summary • Total volumes -10.2%  Beer volumes -9%  Non-beer -12% • Argentina beer volumes -10.7% due to poor industry performance, weak consumer confidence and colder weather • Good market share result with gains % organic growth 1Q13 from Quilmes brand family Beer volume

  19. Slide 19: Western Europe – 1Q13 Summary

    Western Europe – 1Q13 Summary • Own beer volumes -7.0%  Belgium -9.1% fully driven by weak industry  Germany -4.4% due to weak trading environment  UK own products -4.6%  Share gains in on-trade % organic growth 1Q13  Share pressure in off-trade Own beer volumes -7.0% Revenue -5.4% • EBITDA -7.

  20. Slide 20: Central & Eastern Europe – 1Q13 Summary

    Central & Eastern Europe – 1Q13 Summary • Total volumes -16.4% • Russia -17%  Challenging industry due to sales restrictions, media ban, excise taxes  Bud growth of over +25% • Focus on balancing profitability % organic growth 1Q13 and share Beer volumes -16.4% • Revenue/hl +6.9% Revenue -10.6% Re

  21. Slide 21: Normalized EPS grew by 12.6% to $1.16 in 1Q13

    Normalized EPS grew by 12.6% to $1.16 in 1Q13 0.03 0.02 0.12 0.00 USD per share -0.04 1.16 1.03 EPS 1Q12 Scope and EBIT Net finance Income from Taxes and EPS 1Q13 currency cost associates others © AB InBev 2013 – All rights reserved 20

  22. Slide 22: 1Q13 below EBIT results

    1Q13 below EBIT results Net finance costs decrease of 167 million USD • Other financial results includes gains of 402 million USD linked to the hedging of our share based payment programs in 1Q13 Non-recurring net finance income of 223 million USD • Mainly from mark-to market adjustments on hedges r

  23. Slide 23: 1Q13 summary

    1Q13 summary • Challenging quarter for volumes in most markets, with the exception of China • Continuing expansion of Budweiser globally • Strong Revenue per hectoliter performance • Focused on what we can impact and influence • Actions are being taken to improve volume performance while maintaining

  24. Slide 24: © AB InBev 2013 – All rights reserved

    © AB InBev 2013 – All rights reserved

Anheuser-Busch InBev — Q1 2013 Earnings Presentation on 6ix