Anheuser-Busch InBev SA/NV · EURONEXT:ABI

Anheuser-Busch InBev SA/NV — MillerCoors — Q1 2015 Earnings Presentation

14 slides from Anheuser-Busch InBev SA/NV's earnings presentation, May 7, 2015

  1. Slide 1: First Quarter Earnings Announcement

    FIRST QUARTER EARNINGS ANNOUNCEMENT MAY 7, 2015 ®

  2. Slide 2: American Light Lagers

    American Light Lagers Miller Lite Coors Light • Declined low-single digits • Declined low-single digits but gained segment share but achieved 90 basis point trend improvement 2

  3. Slide 3: Premium Regular

    Premium Regular Coors Banquet • Entered 9th straight year of growth • Up mid-single digits in Q1 3

  4. Slide 4: Winning in Above Premium

    Winning in Above Premium • STRs in the Above Premium segment grew low-single digits, excluding Miller Fortune 4

  5. Slide 5: Above Premium – Innovations

    Above Premium – Innovations 5

  6. Slide 6: Above Premium – Craft

    Above Premium – Craft 6

  7. Slide 7: Below Premium

    CURIOUS IS Ge Cha YAY, of g CCS. oy SERIES CALLING pad UNLEASH A BURST OF LIMEFLAVOR = #lamRich RESERVE ALLOY SERIES ee AMERICAN ARTIST SERIES w® COLLECT ALL 5 DESIGNS illerCoors

  8. Slide 8: Winning with Quality: America's Best Beer Company

    Winning with Quality America’s Best Beer Company 8

  9. Slide 9: © MillerCoors:

    © MillerCoors:

  10. Slide 10: First Quarter Underlying Net Income

    First Quarter Underlying Net Income $291.9M $304.6M Pricing Sales Mix Cost Savings MG&A COGS Volume Q1 2014 Q1 2015 ® 10

  11. Slide 11: Domestic Net Revenue Per Barrel

    Domestic Net Revenue Per Barrel 4.00% 3.3% 3.6% 2.5% 2.0% 1.6% 3.50% 3.00% % Change vs. PY 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q1 increase due to favorable net pricing and positive sales mix. 11

  12. Slide 12: Performance Results

    Performance Results Domestic Net STR STW Profit Revenue Volume Volume 0.9% 2.7% 2.5% 4.4% $304.6M $1.775B 12

  13. Slide 13: Financial Highlights

    Financial Highlights • Total cost of goods sold (COGS) per barrel increased 0.7 percent. • Marketing General and Administrative costs decreased 2.3 percent. • Depreciation and amortization expenses were $76.7 million, and additions to tangible and intangible assets totaled $76.3 million. 13

  14. Slide 14: © MillerCoors:

    © MillerCoors:

MillerCoors — Q1 2015 Earnings Presentation on 6ix