• Read more about Heineken Holding N.V. Annual General Meeting of Shareholders adopts all proposals

Amsterdam, 21 April 2022 - Heineken Holding N.V. announced today that its Annual General Meeting of Shareholders (AGM) has adopted all proposals on the agenda of the AGM. The most important resolutions and announcements are listed below.

Dividend
The Board of Directors announced the distribution of a dividend for the year 2021 of EUR 1.24 per share. As an interim dividend of EUR 0.28 was paid on 11 August 2021, the final dividend will be EUR 0.96 per share. The final dividend will be made payable on 3 May 2022. Heineken Holding N.V. shares will be quoted ex-dividend on 25 April 2022.

Reappointment of Mr J.A. Fernández Carbajal as non-executive member of the Board of Directors
The AGM reappointed Mr J.A. Fernández Carbajal as non-executive member of the Board of Directors with effect from 21 April 2022, for the maximum period of four years.

Reappointment of Mrs A.M. Fentener van Vlissingen as non-executive member of the Board of Directors
The AGM reappointed Mrs A.M. Fentener van Vlissingen as non-executive member of the Board of Directors with effect from 21 April 2022, for the maximum period of four years.

Reappointment of Mrs L.L.H. Brassey as non-executive member of the Board of Directors
The AGM reappointed Mrs L.L.H. Brassey as non-executive member of the Board of Directors with effect from 21 April 2022, for the maximum period of four years.

Appointment of Mr C.A.G. de Carvalho as non-executive member of the Board of Directors
The AGM appointed Mr C.A.G. de Carvalho as non-executive member of the Board of Directors with effect from 21 April 2022, for the maximum period of four years.

Reappointment of External Auditor
The AGM reappointed Deloitte Accountants B.V. as external auditor for the financial year 2023.

The voting results per agenda item of the AGM of Heineken Holding N.V. of 21 April 2022 can be found on the website www.heinekenholding.com as of close of business on 22 April 2022.

-ENDS-
Media Heineken Holding N.V.                                        
Kees Jongsma
Tel: +31 6 54 79 82 53
Email: [email protected]

Press enquiries
Sarah Backhouse / Michael Fuchs                                                         
E-mail: [email protected]                        
Tel: +31-20-5239-355                

Investor and analyst enquiries
Federico Castillo Martinez/ Robin Achten / Anna Nawrocka
E-mail: [email protected]
Tel: +31-20-5239-590

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 82,000 employees, we brew the joy of true togetherness to inspire a better world. Our dream is to shape the future of beer and beyond to win the hearts of consumers. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership
positions in both developed and developing markets. We operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on the websites: www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on LinkedIn, Twitter and Instagram.

 

Attachment

• Heineken Holding N.V. Press release AGM 2022

• Read more about Heineken Holding N.V. Annual General Meeting of Shareholders adopts all proposals

Amsterdam, 20 April 2023 - Heineken Holding N.V. announced today that its Annual General Meeting of Shareholders (AGM) has adopted all proposals on the agenda of the AGM. The most important resolutions and announcements are listed below.

Dividend
The Board of Directors announced the distribution of a dividend for the year 2022 of EUR 1.73 per share. As an interim dividend of EUR 0.50 was paid on 11 August 2022, the final dividend will be EUR 1.23 per share. The final dividend will be made payable on 2 May 2023. Heineken Holding N.V. shares will be quoted ex-dividend on 24 April 2023.

Reappointment of Mrs C.L. de Carvalho-Heineken as executive member of the Board of Directors
The AGM reappointed Mrs C.L. de Carvalho-Heineken as executive member of the Board of Directors with effect from 20 April 2023, for the maximum period of four years.

Reappointment of Mr M.R. de Carvalho as executive member of the Board of Directors
The AGM reappointed Mr M.R. de Carvalho as executive member of the Board of Directors with effect from 20 April 2023, for the maximum period of four years.

Reappointment of Mrs C.M. Kwist as non-executive member of the Board of Directors
The AGM reappointed Mrs C.M. Kwist as non-executive member of the Board of Directors with effect from 20 April 2023, for the maximum period of four years.

Reappointment of External Auditor
The AGM reappointed Deloitte Accountants B.V. as external auditor for the financial year 2024.

At the end of the AGM, Mr C.A.G. de Carvalho stepped down from the Board of Directors.

The voting results per agenda item of the AGM of Heineken Holding N.V. of 20 April 2023 can be found on the website www.heinekenholding.com as of close of business on 21 April 2023.

-ENDS-
Media Heineken Holding N.V.                                        
Kees Jongsma
Tel: +31 6 54 79 82 53
Email: [email protected]

Press enquiries
Sarah Backhouse / Michael Fuchs                                                         
E-mail: [email protected]                        
Tel: +31-20-5239-355                
  
Investor and analyst enquiries
Federico Castillo Martinez/ Robin Achten / Anna Nawrocka
E-mail: [email protected]
Tel: +31-20-5239-590

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 85,000 employees, HEINEKEN brews the joy of true togetherness to inspire a better world. HEINEKEN's dream is to shape the future of beer and beyond to win the hearts of consumers. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on the websites: www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on LinkedIn, Twitter and Instagram.

 

Attachment

• Heineken Holding N.V. Press release AGM 2023 (20_4_2023)

• Read more about Heineken Holding N.V. reports on 2021 third-quarter trading

Amsterdam, 27 October 2021 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) today publishes its trading update for the third quarter of 2021.

KEY HIGHLIGHTS

• Beer volume -5.1% organically for the quarter; +4.0% for the first nine months
• Heineken® volume +8.0% in the quarter; +15.1% for the first nine months
• Full year expectations unchanged
  

Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

THIRD QUARTER VOLUME BREAKDOWN

Beer volume1 (in mhl or %)	3Q21		Organic growth		Total growth		YTD 3Q21		Organic growth		Total growth
Consolidated beer volume	60.2		-5.1	%	-4.3	%	170.1		4.0	%	2.8	%

Heineken® volume1 (in mhl or %)	3Q21		Organic growth		YTD 3Q21		Organic growth
Heineken N.V.	12.8		8.0	%	35.5		15.1	%

¹ Refer to the Definitions section for an explanation of organic growth and volume metrics.

Heineken® brand

• Heineken® continued its strong momentum and grew volume by 8.0% in the quarter and 15.1% for the first nine months of the year. Volume grew double-digits year to date in more than 50 markets, including Brazil, China, South Africa, Nigeria, Italy, Spain, Vietnam, and Mexico. Relative to 2019, volume grew by 15.6% in the third quarter and by 16.3% in the first nine months.
• Heineken® 0.0 grew in the low-twenties, with a particularly strong performance in Brazil, Mexico, the USA and the UK.
• Heineken® Silver continued its strong growth momentum in China.

REPORTED NET PROFIT OF HEINEKEN N.V.

The reported net profit of Heineken N.V. for the first nine months was €3,082 million (2020: €396 million; 2019: €1,667 million). This includes an exceptional gain of €1.3 billion from the remeasurement to fair value of the previously held equity interest in United Breweries in India, which was recognised on 29 July 2021 when HEINEKEN obtained control.

TRANSLATIONAL CURRENCY CALCULATED IMPACT

Based on the impact to date, and applying spot rates of 25 October 2021 to the 2020 financial results as a baseline for the remainder of the year, the calculated negative translational impact for the full year would be approximately €450 million in net revenue (beia), €90 million at consolidated operating profit (beia), and €40 million at net profit (beia).

ENQUIRIES

Media Heineken Holding N.V.
Kees Jongsma
E-mail: [email protected]
tel. +31 6 54 79 82 53
Media Heineken N.V.	Investors
Sarah Backhouse	José Federico Castillo Martinez
Director of Global Communication	Director of Investor Relations
Michael Fuchs	Janine Ackermann / Robin Achten
Corporate & Financial Communication Manager	Investor Relations Manager / Senior Analyst
E-mail: [email protected]	E-mail: [email protected]
Tel: +31-20-5239355	Tel: +31-20-5239590

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.
HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brewing a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN employs over 80,000 employees and operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken Holding N.V. and Heineken N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIO NA and HEIA NA and on Reuters under HEIO.AS and HEIN.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken Holding N.V. (OTCQX: HKHHY) and Heineken N.V. (OTCQX: HEINY). Most recent information is available on the websites: www.HeinekenHolding.com and www.theHEINEKENcompany.com and follow HEINEKEN on Twitter via @HEINEKENCorp.

Market Abuse Regulation
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer:
This press release 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 estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN’s publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.

Attachment

• Heineken Holding Q3 2021 Trading Update (27_10_2021).pdf

• Read more about Heineken Holding N.V. reports 2021 full year results

Amsterdam, 16 February 2022 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces:

		Key Highlights

• The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for 2021 amounts to €1.663 million
• Net revenue (beia) organic growth 12.2%; per hectolitre 8.3%
• Consolidated beer volume 4.6% organic growth
• Heineken® volume growth 17.4%, well ahead of 2019
• Gross savings close to €1.3 billion, on-track to deliver €2 billion by 2023
• Operating profit (beia) organic growth 43.8%, margin 15.6% (+331 bps)
• Net profit (beia) €2,041 million, 80.2% organic growth
• Diluted EPS (beia) €3.54 (2020: €2.00)

		Financial Summary1

IFRS Measures	€ million	Total growth		BEIA Measures	€ million	Organic growth2
Revenue	26,583	11.8%		Revenue (beia)	26,583	11.4%
Net revenue	21,941	11.3%		Net revenue (beia)	21,901	12.2%
Operating profit	4,483	476.2%		Operating profit (beia)	3,414	43.8%
				Operating profit (beia) margin (%)	15.6%
Net profit of Heineken Holding N.V.	1,663			Net profit (beia)	2,041	80.2%
Diluted EPS (in €)	5.77			Diluted EPS (beia) (in €)	3.54	76.8%
				Free operating cash flow	2,514
				Net debt / EBITDA (beia)3	2.6x

¹ Consolidated figures are used throughout this report, unless otherwise stated. Please refer to the Glossary for an explanation of non-GAAP measures and other terms. Page 13 includes a reconciliation versus IFRS metrics. These non-GAAP measures are included in internal management reports that are reviewed by the Executive Board of Heineken N.V., as they believe that this measurement is the most relevant in evaluating the results.
² Organic growth shown, except for Diluted EPS (beia), which is total growth.
³ Includes acquisitions and excludes disposals on a 12-month pro-forma basis

Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

During 2021, HEINEKEN deployed its EverGreen strategy across the business, designed to emerge stronger from the COVID-19 crisis and adapt to new external dynamics for superior and balanced growth with enhanced profitability, whilst simultaneously raising the bar on sustainability and responsibility.  

HEINEKEN's superior growth ambition is grounded in building a favourable geographic footprint, its strong premium beer brands, including non-alcoholic variants and developing winning beverage propositions in fast-growing segments.

Net revenue (beia) for the full year 2021 increased by 12.2% organically, with total consolidated volume growing by 3.6% and net revenue (beia) per hectolitre up 8.3%. The underlying price-mix on a constant geographic basis was up 7.1%, driven by assertive pricing and premiumisation, with the regions Americas and Africa, Middle East and Eastern Europe (AMEE) growing double-digits. Currency translation negatively impacted net revenue (beia) by €515 million or 2.6%, mainly driven by the Brazilian Real and the Nigerian Naira. The consolidation of United Breweries Limited (UBL) in India positively impacted net revenue (beia) by €280 million or 1.4%.

In the second half of the year, net revenue (beia) grew 10.6% organically. HEINEKEN took further pricing actions and accelerated net revenue (beia) per hectolitre growth to 11.0%. Underlying price-mix in the second half was up 8.8% primarily driven by Nigeria, Brazil, Mexico and Europe, the latter benefiting from an improved channel mix. Total consolidated volume declined slightly by 0.3%, mainly impacted by the restrictions in the Asia Pacific region.

Beer volume grew 4.6% organically for the full year. In the fourth quarter, beer volume grew 6.2%, benefiting from fewer restrictions in Europe relative to last year, continued momentum in the Americas and AMEE, and a sequential recovery in Asia Pacific (APAC) relative to the third quarter.

Beer volume1		4Q21		4Q20		Organic growth		FY21		FY20		Organic growth
(in mhl)
Heineken N.V.		61.1		56.2		6.2%		231.2		221.6		4.6%

1 2021 volume reflects the shift of malt-based, unfermented, non-alcoholic drinks from Beer to Non-Beer Volume. Organic growth has been corrected.

Premium beer volume grew 10.0%, outperforming the portfolio in the majority of HEINEKEN's markets, and accounts for more than 60% of the total organic growth in beer volume in 2021. HEINEKEN's growth in premium is led by Heineken®, up 17.4%, significantly outperforming the total beer market and well ahead of 2019. The growth was broad-based with more than 60 markets growing double-digits in 2021.

The outstanding growth of Heineken® Original was further supported by the strong performance of its line extensions. Heineken® Silver more than doubled its volume, driven by excellent performances in China and Vietnam. Building on this success, HEINEKEN will roll-out Heineken® Silver internationally to reach more than 20 markets in 2022.

Heineken® volume		4Q21		Organic growth		FY21		Organic growth
(in mhl)
Total Heineken N.V.		13.3		24.1%		48.8		17.4%

		Outlook Statements

HEINEKEN launched its EverGreen strategy in February 2021 to future-proof its business and deliver superior, balanced growth for sustainable, long-term value creation. It requires HEINEKEN to constantly navigate the long-term transformation with the short-term financial delivery under fast-changing external circumstances. HEINEKEN is encouraged by the progress made, witnessed by the strong performance of its business in 2021 and how EverGreen is taking shape.

In 2022, HEINEKEN will continue to navigate an uncertain environment and expect COVID-19 to still have an impact on revenues. HEINEKEN's plans assume markets in APAC to progressively bounce back during the year, yet full recovery of the on-trade in Europe may take longer.

HEINEKEN also expects to be significantly impacted by inflation and supply chain resilience pressures. More specifically, HEINEKEN expects its input cost per hectolitre (beia) to increase in the mid-teens, given its hedged positions and the sharp increase in the prices of commodities, energy and freight. HEINEKEN will offset these input cost increases through pricing in absolute terms, which may lead to softer beer consumption.

Reflecting HEINEKEN's confidence in the long-term, it intends to reverse the cost mitigation actions undertaken in 2021 and to further step up its investments in brand support and its digital and sustainability initiatives. This investment will be partially offset by further delivery of gross savings from our productivity programme. These changes are expected to have a greater impact in the first half of the year.

Overall, HEINEKEN expects a stable to modest sequential improvement in operating profit margin (beia) in 2022. Whilst continuing to target 17% operating margin (beia) in 2023 and operating leverage beyond, there is increased uncertainty given current and evolving economic and input cost circumstances. Therefore, HEINEKEN will update the 2023 guidance later in the year.

HEINEKEN also anticipates:

• An average effective interest rate (beia) broadly in line with 2021 (2021: 2.7%)
• Capital expenditure related to property, plant and equipment and intangible assets of around €2 billion (2021: €1.6 billion)
• An effective tax rate (beia) of around 28% (2021: 29.9%), back to the level of 2019

		Total Dividend For 2021

The Heineken N.V. dividend policy is to pay a ratio of 30% to 40% of full year net profit (beia). For 2021, a total cash dividend of €1.24 per share, representing an increase of 77.1% (2020: €0.70), and a payout ratio of 35.0%, in the middle of the range of the policy, will be proposed to the Annual General Meeting of Shareholders of Heineken N.V. on 21 April 2022 ("2022 AGM"). If approved, a final dividend of €0.96 per share will be paid on 3 May 2022, as an interim dividend of €0.28 per share was paid on 11 August 2021.

If Heineken N.V. shareholders approve the proposed dividend, Heineken Holding N.V. will, according to its Articles of Association, pay an identical dividend per share. A final dividend of €0.96 per share of €1.60 nominal value will be payable as of 3 May 2022.

Both the Heineken Holding N.V. shares and the Heineken N.V. shares will trade ex-dividend on 25 April 2022. The dividend payment will be subject to a 15% Dutch withholding tax.

		Translational Calculated Currency Impact

The translational currency impact for 2021 was negative, amounting to €515 million on net revenue (beia), €98 million at operating profit (beia) and €43 million at net profit (beia).

Applying spot rates as of 14 February 2022 to the 2021 financial results as a base, the calculated currency translational impact would be positive, approximately €465 million in net revenue (beia), €65 million at operating profit (beia), and €45 million at net profit (beia).

		Board of Directors Composition

Mr J.A. Fernández Carbajal will have completed his four-year appointment term upon conclusion of the Annual General Meeting of Shareholders of Heineken Holding N.V. on 21 April 2022 ('2022 AGM'). A non-binding nomination for the reappointment of Mr Fernández Carbajal shall be submitted to the 2022 AGM. He is a representative of FEMSA (that (in)directly holds a 14.76% economic interest in the HEINEKEN group), and his (re)appointment is based on the Corporate Governance Agreement, which was concluded between (among others) the Company and FEMSA on 30 April 2010 and which was approved by the Annual General Meeting of Shareholders on 22 April 2010 (in connection with the acquisition by Heineken N.V. of FEMSA’s beer activities). Mr Fernández Carbajal has been a member of the Board of Directors since 2010. The proposed reappointment is a deviation of the maximum number of terms for reappointment set out in the Dutch Corporate Governance Code, but is in accordance with the Articles of Association of the Company.

Mrs A.M. Fentener van Vlissingen and Mrs L.L.H. Brassey will have completed their four-year appointment term upon conclusion of the 2022 AGM. Mrs A.M. Fentener van Vlissingen and Mrs L.L.H. Brassey are eligible for reappointment as non-executive member of the Board of Directors of Heineken Holding N.V. for a period of four years and a non-binding recommendation shall be submitted to the 2022 AGM in this respect.

A non-binding recommendation, drawn up by the Board of Directors, will be submitted to the 2022 AGM to appoint Mr C.A.G. de Carvalho as non-executive member of the Board of Directors, for the maximum period of four years (i.e. until the end of the Annual General Meeting of Shareholders to be held in 2026). The proposed appointment of Mr C.A.G. de Carvalho, the youngest son of Mrs C.L. de Carvalho-Heineken, would continue the tradition of personal involvement in HEINEKEN by successive generations of the Heineken family. Mr C.A.G. de Carvalho (1991) is a national of the Netherlands and the United Kingdom. After graduating from Princeton University, Mr C.A.G. de Carvalho lived and worked in Asia. He worked in e-commerce for Lazada Group and gained experience with the beer sector while working for Schmatz Beer Dining, a German restaurant chain and beer brand. Mr C.A.G. de Carvalho is currently completing his Master of Business Administration at the Wharton School of the University of Pennsylvania.

		Enquiries

 

Media Heineken Holding N.V.
Kees Jongsma
tel. +31 6 54 79 82 53
E-mail: [email protected]
Media		Investors
Sarah Backhouse		José Federico Castillo Martinez
Director of Global Communication		Investor Relations Director
Michael Fuchs		Robin Achten / Anna Nawrocka
Corporate & Financial Communications Manager		Investor Relations Senior Analysts
E-mail: [email protected]		E-mail: [email protected]
Tel: +31-20-5239355		Tel: +31-20-5239590

		Investor Calendar Heineken N.V.

(events also accessible for Heineken Holding N.V. shareholders)

Combined financial and sustainability annual report publication	25 February 2022
Trading Update for Q1 2022	20 April 2022
Annual General Meeting of Shareholders	21 April 2022
Quotation ex-final dividend 2021	25 April 2022
Final dividend 2021payable	3 May 2022
Half Year 2022 Results	01 August 2022
Quotation ex-interim dividend 2022	03 August 2022
Interim dividend payable	11 August 2022
Trading Update for Q3 2022	26 October 2022

		Conference Call Details

HEINEKEN will host an analyst and investor video webcast about its 2021 FY results combined with an update on the on-going strategic review at 14:00 CET/ 13:00 GMT/ 08.00 EST. This call will also be accessible for Heineken Holding N.V. shareholders. The live video webcast will be accessible via the Heineken N.V.’s website: https://www.theheinekencompany.com/investors/results-reports-webcasts-and-presentations.

An audio replay service will also be made available after the webcast at the above web address. Analysts and investors can dial-in using the following telephone numbers:

United Kingdom (Local): 020 3936 2999

Netherlands: 085 888 7233

USA: 1 646 664 1960

All other locations: +44 20 3936 2999

Participation password for all countries: 589454

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN employs over 82,000 employees and operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken Holding N.V. and Heineken N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIO NA and HEIA NA and on Reuters under HEIO.AS and HEIN.AS . HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken Holding N.V. (OTCQX: HKHHY) and Heineken N.V. (OTCQX: HEINY). Most recent information is available on the websites: www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on Twitter via @HEINEKENCorp.

Market Abuse Regulation:
This press release may contain price-sensitive information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer:
This press release 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 estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, prices of commodities and other goods and services, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN’s publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.

Attachment

• Heineken Holding NV 2021 Full Year results press release (16_2_2022).pdf

• Read more about Heineken Holding N.V. reports 2021 half year results

Amsterdam, 2 August 2021 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces:

KEY HIGHLIGHTS

• The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half year of 2021 amounts to €517 million
• Net revenue (beia) €9,971 million, +14.1% organic growth
• Net revenue (beia) organic growth per hectolitre +5.5%
• Consolidated beer volume organic growth +9.6%
• Heineken® volume +19.6%
• Operating profit (beia) organic growth +109.3%
• Net profit (beia) €896 million, +320.3% organic growth
• EverGreen strategy deployment at HEINEKEN has started
• Full year expectations unchanged: financial results to remain below 2019.
   
  

FINANCIAL SUMMARY¹

IFRS Measures	€ million		Total growth			BEIA Measures	€ million	Organic growth2
Revenue	11,970		7.3	%		Revenue (beia)	11,970	13.1	%
Net revenue	10,010		8.3	%		Net revenue (beia)	9,971	14.1	%
Operating profit	1,717		1,920.0	%		Operating profit (beia)	1,628	109.3	%
						Operating profit (beia) margin	16.3%
Net profit of Heineken Holding N.V.	517		448.1	%		Net profit (beia)	896	320.3	%
Diluted EPS (in €)	1.80		446.2	%		Diluted EPS (beia) (in €)	1.56	295.5	%
						Free operating cash flow	650
						Net debt / EBITDA (beia)3	3.0x

¹ Consolidated figures are used throughout this report unless otherwise stated; please refer to the Glossary for an explanation of non-GAAP measures and other terms used throughout this report.

² Organic growth shown, except for Diluted EPS (beia) which is total growth.

³ Includes acquisitions and excludes disposals on a 12 month pro-forma basis.

Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

INTERIM DIVIDEND

According to the Articles of Association of Heineken Holding N.V. both Heineken Holding N.V. and Heineken N.V. pay an identical dividend per share. In accordance with its dividend policy, HEINEKEN fixes the interim dividend at 40% of the total dividend of the previous year. In 2020, HEINEKEN by exception deviated from this policy, as no interim dividend was paid in August 2020.

For 2021, HEINEKEN will apply its regular policy and pay an interim dividend of €0.28 per share (2020: nil) on 11 August 2021. Both the Heineken Holding N.V. shares and the Heineken N.V. shares will trade ex-dividend on 4 August 2021.

OUTLOOK STATEMENTS

The COVID-19 pandemic continues to present challenges for the world with the biggest impact for HEINEKEN's business currently in Asia. HEINEKEN expects the rest of the year will continue to be volatile, with some markets gradually recovering while others continue to implement restrictions until vaccinations are more broadly rolled out.

Furthermore, HEINEKEN expects headwinds in input costs in the second half of 2021 and a material impact from commodity costs in 2022. HEINEKEN will be assertive on pricing and drive revenue and cost management to face this challenge; however HEINEKEN expects margin pressure to intensify in the second half. In addition, HEINEKEN will increase its marketing and sales expenses investment behind growth initiatives versus last year, fully in line with HEINEKEN's original full year brand plans.

As a consequence, HEINEKEN expects operating profit margin (beia) to be lower in the second half compared with the second half of last year, and as indicated before, full year financial results are expected to remain below 2019.

HEINEKEN also anticipates:

• An average effective interest rate (beia) of around 2.7% (2020: 3.0%)
• Capital expenditure related to property, plant and equipment and intangible assets of around €1.8 billion (2020: €1.6 billion)
• The effective tax rate (beia) to stay above 2019 level due to the effect of fixed cost components in the tax line.

TRANSLATIONAL CURRENCY CALCULATED IMPACT

Based on the impact to date, and applying spot rates of 28 July 2021 to the 2020 financial results as a baseline for the remainder of the year, the calculated negative currency translational impact would be approximately €450 million in net revenue (beia), €90 million at consolidated operating profit (beia), and €40 million at net profit (beia).

ENQUIRIES

Media Heineken Holding N.V.
Kees Jongsma
Tel. +31-6-54798253
E-mail: [email protected]
Media	Investors
Sarah Backhouse	José Federico Castillo Martinez
Director of Global Communication	Investor Relations Director
Michael Fuchs	Janine Ackermann / Robin Achten
Global Corporate and Financial Communications Manager	Investor Relations Manager / Senior Analyst
E-mail: [email protected]	E-mail: [email protected]
Tel: +31-20-5239355	Tel: +31-20-5239590

INVESTOR CALENDAR HEINEKEN N.V.

(events also accessible for Heineken Holding N.V. shareholders)

Trading Update for Q3 2021	27 October 2021
Full Year 2021 Results	16 February 2022

CONFERENCE CALL DETAILS

HEINEKEN will host an analyst and investor conference call in relation to its 2021 HY results today at 14:00 CET/ 13:00 GMT. This call will also be accessible for Heineken Holding N.V. shareholders. The call will be audio cast live via the website: www.theheinekencompany.com. An audio replay service will also be made available after the conference call at the above web address. Analysts and investors can dial-in using the following telephone numbers:

United Kingdom (Local): 020 3936 2999
Netherlands (Local): 085 888 7233
USA: 1 646 664 1960
All other locations: +44 203 936 2999
Participation password for all countries: 241538

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brewing a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN employs over 80,000 employees and operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken Holding N.V. and Heineken N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIO NA and HEIA NA and on Reuters under HEIO.AS and HEIN.AS . HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken Holding N.V. (OTCQX: HKHHY) and Heineken N.V. (OTCQX: HEINY). Most recent information is available on the websites: www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on Twitter via @HEINEKENCorp.

Market Abuse Regulation:
This press release contains price-sensitive information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer:
This press release 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 estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN’s publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates. 

Attachment

• Heineken Holding NV 2021 Half Year results (02_08_2021).pdf

• Read more about Heineken Holding N.V. reports on 2022 first-quarter trading

Amsterdam, 20 April 2022 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) publishes its trading update for the first quarter of 2022.

Key Highlights

• Revenue growth 35.9%
• Net revenue (beia) organic growth 24.9%; per hectolitre 18.3%
• Beer volume 5.2% organic growth; premium volume 6.3% organically
• Heineken® volume growth 12.9%
• Outlook for full year 2022 unchanged

Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

Financial Summary

Revenue for the first quarter of 2022 was €6,989 million (2021: €5,145 million). Net revenue (beia) was €5,753 million and increased by 24.9% organically, with total consolidated volume growing by 5.7% and net revenue (beia) per hectolitre up 18.3%. The latter was driven by assertive pricing and premiumisation across all regions, as well as a positive channel mix effect, particularly in Europe. Currency translation positively impacted net revenue (beia) by €186 million or 4.3%, mainly driven by the Brazilian Real, the Mexican Peso and the Vietnamese Dong. The consolidation of United Breweries Limited (UBL) in India positively impacted net revenue (beia) by €200 million or 4.6%.

Revenue1
(in € million or %)		1Q22		Total growth		Organic growth		1Q21
Revenue (IFRS)		6,989		35.9%				5,145
Net revenue (beia)		5,753				24.9%		4,307

Beer volume grew 5.2% organically versus last year and came 2.8% ahead of 2019 on an organic basis. All regions contributed to the growth, especially Europe, given the low base last year due to the COVID-related restrictions in the on-trade. Asia Pacific returned to growth following the lockdown in the second part of last year. The Americas region recorded modest growth whilst Africa, Middle East & Eastern Europe continued its positive momentum.

Beer volume
(in mhl or %)		1Q22		Organic growth		1Q21
Heineken N.V.		56.4		5.2%		50.3

Premium beer volume grew 6.3%, outperforming the portfolio in the majority of HEINEKEN's markets in the first three months of 2022. HEINEKEN's growth in premium is driven by Heineken®, which grew 12.9% in volume, significantly outperforming the total beer market and ahead of 2019 by close to one-third. Volume grew double-digits across all regions and in more than 45 markets. Growth was mainly driven by Brazil, China, the Netherlands, Spain, Ireland, Italy, the UK, Portugal, Nigeria, and the United Arab Emirates. Heineken® 0.0 grew in the twenties with strong momentum in Brazil, Mexico, the USA, Chile and South Korea. Heineken® Silver continued its strong growth in Vietnam and China.

HEINEKEN also launched Heineken® Silver in Europe, reflecting its increased focus on consumers who are looking for more differentiated taste profiles and to drive further premiumisation. HEINEKEN kicked off in March with the first virtual beer launch in the Metaverse and in April HEINEKEN entered the next phase with the real launch, making Heineken® Silver available all over Europe. Overall, Heineken® Silver grew more than eighty percent.

Heineken® volume
(in mhl or %)		1Q22		Organic growth
Heineken N.V.		11.9		12.9%

Reported Net Profit of Heineken N.V.

The reported net profit of Heineken N.V. for the first three months of 2022 was €417 million (2021: €168 million). The net profit growth was driven by the top-line growth, with the partial recovery of the on-trade in Europe as the main factor. The reported net profit does not include the announced impairment and other non-cash exceptional charges of approximately €0.4 billion related to the decision to transfer the ownership of the business in Russia. A further update will follow with the half-year results.

Business Outlook

The war in Ukraine has brought additional uncertainty to the global economic outlook and commodity markets. HEINEKEN expects mounting inflationary pressures to impact household disposable income and a consequent risk to beer consumption later in the year. While HEINEKEN benefits from hedges taken in 2021, further cost pressures are emerging from rising input costs, supply chain challenges, and from the decision to leave Russia. HEINEKEN will take additional actions and maintain its guidance of a stable to modest sequential improvement in operating profit margin (beia) in 2022.

Translational Currency Calculated Impact

Based on the impact to date, and applying spot rates of 14 April 2022 to the 2021 financial results as a baseline for the remainder of the year, HEINEKEN calculates a positive currency translational impact of approximately €1,150 million in net revenue (beia), €160 million at operating profit (beia) and €100 million at net profit (beia).

Reconciliation of non-GAAP measures

In the internal management reports, HEINEKEN uses the measure of net revenue (beia).

Reconciliation net revenue (beia)
In millions of €		1Q22		1Q21
Revenue (IFRS)		6,989		5,145
Excise tax expense		(1,236)		(837)
Net revenue		5,753		4,307
Exceptional items included in net revenue		—		(1)
Net revenue (beia)		5,753		4,307

Note: due to rounding, this table will not always cast

Enquiries

Media Heineken Holding N.V.
Kees Jongsma
tel. +31 6 54 79 82 53
E-mail: [email protected]
Media		Investors
Sarah Backhouse		José Federico Castillo Martinez
Director of Global Communication		Director of Investor Relations
Michael Fuchs		Robin Achten / Anna Nawrocka
Corporate & Financial Communication Manager		Senior Investor Relations Analysts
E-mail: [email protected]		E-mail: [email protected]
Tel: +31-20-5239355		Tel: +31-20-5239590

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 82,000 employees, HEINEKEN brews the joy of true togetherness to inspire a better world. HEINEKEN's dream is to shape the future of beer and beyond to win the hearts of consumers. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on the websites: www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on LinkedIn, Twitter and Instagram.

Market Abuse Regulation

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer:

This press release 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 estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN's publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.
  

^{________________________
1} Refer to the Glossary for an explanation of organic growth and other terms used throughout this report.

Attachment

• Please click here to read the full Heineken Holding NV Q1 2022 Trading Update (20_4_2022)

• Read more about Heineken Holding N.V. reports 2022 half year results

Amsterdam, 1 August 2022 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces:

	Key Highlights

• The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half year of 2022 amounts to €633 million
• Revenue growth 37.0%
• Net revenue (beia) 24.3% organic growth; per hectolitre 15.6%
• Beer volume organic growth 7.6%; premium beer volume 10.2% organically
• Heineken^® volume 13.8% growth
• Operating profit growth 20.6%; operating profit (beia) organic growth 24.6%
• Net profit growth 22.3%; net profit (beia) organic growth 40.2%
• Full year 2022 expectations unchanged. 2023 guidance revised

	Financial Summary1

IFRS Measures	€ million		Total growth		BEIA Measures	€ million		Organic growth2
Revenue	16,401		37.0%		Revenue (beia)	16,401		22.4%
Net revenue	13,485		34.7%		Net revenue (beia)	13,485		24.3%
Operating profit	2,070		20.6%		Operating profit (beia)	2,155		24.6%
					Operating profit (beia) margin	16.0%
Net profit of Heineken Holding N.V.	633		22.3%		Net profit (beia)	1,326		40.2%
Diluted EPS (in €)	2.20		22.2%		Diluted EPS (beia) (in €)	2.30		48.0%
					Free operating cash flow	1,122
					Net debt / EBITDA (beia)3	2.4x

1 Consolidated figures are used throughout this report unless otherwise stated; please refer to the Glossary for an explanation of non-GAAP measures and other terms used throughout this report. Heineken Holding N.V.’s half year report has not been audited nor reviewed by its external auditor.
2 Organic growth shown, except for Diluted EPS (beia), which is total growth.
3 Includes acquisitions and excludes disposals on a 12 month pro-forma basis.

Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

HEINEKEN's ambition is to deliver superior growth with a good balance between volume- and value-driven revenue expansion, positioning HEINEKEN among the fastest growing global beverage companies. HEINEKEN aims to achieve this by sharp consumer and customer orientation, leveraging its leading premium brands, developing winning consumer propositions in fast-growing segments and continuously shaping its geographic and portfolio footprint.

Revenue for the first half of 2022 was 16,401 million (2021: 11,970 million). Net revenue (beia) increased 24.3% organically, driven by a 7.7% increase in total consolidated volume and a 15.6% increase in net revenue (beia) per hectolitre. The underlying price-mix on a constant geographic basis was up 15.3%, driven by pricing across all markets, covering input cost inflation on a euro-for-euro basis, a positive channel mix and premiumisation. Compared to 2019, total consolidated volume increased organically by 0.8% and net revenue (beia) is 14.4% ahead, excluding consolidation changes, driven by post-COVID volume recovery, growth of HEINEKEN's premium brands and the impact of inflation-led pricing.

Beer volume increased 7.6% organically versus last year and came 4.2% ahead of 2019 on an organic basis. The growth was faster in the second quarter as beer volume grew 9.7%, led by strong growth in the Americas, the continued recovery of Asia Pacific and the on-trade in Europe and modest growth in the Africa, Middle East and Eastern Europe (AMEE) region. HEINEKEN gained or held market share in more than half of its markets.

Beer volume	2Q22		2Q21		Organic growth		HY22		HY21		Organic growth
(in mhl)
Heineken N.V.	70.4		59.6		9.7 %		126.9		109.9		7.6 %

Premium beer volume grew by 10.2%, driving close to half of HEINEKEN's organic growth in beer volume, led by Heineken^®.

Heineken^® continued its strong performance and grew volume by 14.6% in the second quarter to close the first half with a 13.8% increase, up 32.9% versus 2019. The brand grew double-digits in more than 50 markets, notably in Brazil, China, Vietnam, South Africa, the Netherlands, Spain, Italy, Laos and the United Arab Emirates. Heineken^® Silver, now present in 22 markets, has nearly doubled its volume, driven by strong growth in Vietnam and China and its rollout across Europe and Asia. As the next step of its global roll-out, HEINEKEN introduced Heineken^® Silver in Mexico this month.

As per the Kantar BrandZ 2022 global survey, Heineken^® was the fastest growing in 'Brand Value' among top alcohol brands, driven by its strong growth momentum, innovations and creativity. The latter was further recognised at this year's Cannes Lions, the prestigious Festival of Creativity, as the most awarded alcohol brand. The brand's most recent campaign, "The Closer", aims to spark conversation on work-life imbalance, with a smile. Heineken^® supports inclusion in the bar and on the football field and is a proud sponsor of the UEFA Women's EURO football tournament.

Heineken® volume		2Q22		Organic growth		HY22		Organic growth
(in mhl)
Heineken N.V.		14.0		14.6%		25.9		13.8%

	Outlook Statements

HEINEKEN's multi-year EverGreen strategy aims to deliver superior, balanced growth for sustainable, long-term value creation. HEINEKEN is encouraged by the speed and progress made so far on its key strategic programmes, and by the strong post-COVID recovery of its business.

At the same time, HEINEKEN continues to observe a challenging global environment and an uncertain economic outlook. Whilst consumer demand in aggregate has been resilient in the first half, there is increasing risk that mounting pressure on consumer purchasing power will affect beer consumption.

HEINEKEN expects significant inflationary pressures on its cost base and ongoing investment in its business to continue and impact the second half of 2022 and into 2023. The recent softening in some commodities is being offset by the unprecedented price levels and availability risk of natural gas, most notably affecting Europe, our biggest region. HEINEKEN's pricing and revenue management actions have effectively offset these inflationary pressures so far in absolute terms, and HEINEKEN remains committed to continuing to do so. In addition, HEINEKEN's productivity programme continues at pace, lifting the aggregate gross savings contribution to €1.7 billion by end of 2022 compared to the cost base of 2019. This will continue to offset cost pressures and enable increased investments in brand support, digital transformation and sustainability initiatives.

For 2022, HEINEKEN keeps its outlook unchanged and expect a stable to modest sequential improvement in operating profit margin (beia) versus last year. HEINEKEN is changing its previous guidance for 2023. HEINEKEN will move from an operating profit margin objective towards delivering operating profit (beia) organic growth, in the range of a mid- to high-single digit, excluding any major unforeseen macroeconomic and political developments. Over the medium term, HEINEKEN reconfirms its aspiration to deliver superior, balanced growth with operating leverage over time.

	Translational Calculated Currency Impact

Based on the impact to date, and applying spot rates of 28 July 2022 to the 2021 financial results as a baseline for the remainder of the year, the calculated positive currency translational impact would be approximately €1.5 billion in net revenue (beia), €210 million at consolidated operating profit (beia), and €140 million at net profit (beia).

	Interim Dividend 2022

According to the Articles of Association of Heineken Holding N.V. both Heineken Holding N.V. and Heineken N.V. pay an identical dividend per share. HEINEKEN's dividends are paid in the form of an interim dividend and a final dividend. In accordance with its dividend policy, HEINEKEN fixes the interim dividend at 40% of the total dividend of the previous year. As a result, an interim dividend of €0.50 per share (2021: €0.28) will be paid on 11 August 2022. Both the Heineken Holding N.V. shares and the Heineken N.V. shares will trade ex-dividend on 3 August 2022.

	Enquiries

Media Heineken Holding N.V.
Kees Jongsma
Tel. +31-6-54798253
E-mail: [email protected]
Media		Investors
Sarah Backhouse		José Federico Castillo Martinez
Director of Global Communication		Investor Relations Director
Michael Fuchs		Mark Matthews / Robin Achten
Global Corporate and Financial Communications Manager		Investor Relations Manager / Senior Analyst
E-mail: [email protected]		E-mail: [email protected]
Tel: +31-20-5239355		Tel: +31-20-5239590

	Investor Calendar Heineken N.V.

(events also accessible for Heineken Holding N.V. shareholders)

Trading Update for Q3 2022		26 October 2022
Capital Markets Event in Amsterdam		1-2 December 2022
Full Year 2022 Results		15 February 2023

	Conference Call Details

HEINEKEN will host an analyst and investor conference call in relation to its 2022 Half Year results today at 14:00 CET/ 13:00 GMT. This call will also be accessible for Heineken Holding N.V. shareholders. The call will be audio cast live via the website: www.theheinekencompany.com. An audio replay service will also be made available after the conference call at the above web address. Analysts and investors can dial-in using the following telephone numbers:

United Kingdom (Local): 020 3936 2999

Netherlands (Local): 085 888 7233

USA: 1 646 664 1960

All other locations: +44 203 936 2999

Participation password for all countries: 810785

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken^® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 85,000 employees, HEINEKEN brews the joy of true togetherness to inspire a better world. HEINEKEN's dream is to shape the future of beer and beyond to win the hearts of consumers. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on LinkedIn, Twitter and Instagram.

Market Abuse Regulation:
This press release contains price-sensitive information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer:
This press release 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 estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN’s publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.

Attachment

• Click here for the full press release: Heineken Holding NV 2022 Half Year press release (1 August 2022)

• Read more about Heineken Holding N.V. reports on 2022 third-quarter trading

Amsterdam, 26 October 2022 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) publishes its trading update for the third quarter of 2022.

Key Quarterly Highlights

• Revenue growth 27.5%
• Net revenue (beia) organic growth 19.8%; net revenue (beia) per hectolitre organic growth 11.1%
• Beer volume organic growth 8.9%; premium volume organic growth 15.0%
• Heineken® volume growth 11.3%
• 2022 full year expectations unchanged

Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company. 

Financial Summary

For the first nine months of the year, revenue was €25,816 million (2021: €19,354 million). Net revenue (beia) was €21,273 million (2021: €16,000 million), increasing organically by 22.6%. Currency translation positively impacted net revenue (beia) by €1,168 million or 7.3%, mainly driven by the Brazilian Real, the Mexican Peso and the Vietnamese Dong. The consolidation of United Breweries Limited (UBL) in India positively impacted net revenue (beia) by €564 million or 3.5%.

In the third quarter, revenue was €9,415 million (2021: €7,383 million). Net revenue (beia) grew organically by 19.8% and came to €7,788 million (2021: €6,029 million), benefitting from the sharp post-COVID recovery in Asia Pacific. Total consolidated volume grew 7.6% and net revenue (beia) per hectolitre was up 11.1%. Price mix on a constant geographic basis was up 13.2%, driven by pricing to mitigate inflationary pressure and premiumisation effects. Throughout the rest of this report, figures refer to quarterly performance unless otherwise indicated.

Revenue1
(in € million or %)	3Q22	Total growth	Organic growth	YTD 3Q22	Total growth	Organic growth
Revenue (IFRS)	9,415	27.5 %		25,816	33.4 %
Net revenue (beia)	7,788		19.8 %	21,273		22.6 %

Beer volume grew 8.9% organically versus last year and came 1.4% ahead of 2019 on an organic basis. The year on year growth was mainly driven by the strong recovery in Asia Pacific from the COVID-related restrictions of last year. Europe, the Americas and Africa, Middle East & Eastern Europe saw a low-single digit growth.

Beer volume
(in mhl or %)	3Q22	Total growth	Organic growth	YTD 3Q22	Total growth	Organic growth
Heineken N.V.	66.8	10.9 %	8.9 %	193.6	13.9 %	8.1 %

Premium beer volume grew 15.0% (18.1% excluding Russia), outperforming the portfolio and boosted by the strong recovery of Tiger in Vietnam. Heineken® continued its strong momentum and grew 11.3% in volume (14.9% excluding Russia), significantly outperforming the total beer market and ahead of 2019 by 29%. Volume grew double-digits in close to 50 markets. The growth was mainly driven by Brazil, China, South Africa, Vietnam, the Netherlands, Poland, Germany and Nigeria. Heineken® 0.0 grew 7.9% excluding Russia, driven by the Americas and Europe. Heineken® Silver is now launched in 28 markets, including Mexico, Chile and India. Overall, Heineken® Silver more than doubled its volume, driven by the recovery of Vietnam, continued strong growth in China and its global roll-out.

Heineken® volume
(in mhl or %)	3Q22	Organic growth	YTD 3Q22	Organic growth
Heineken N.V.	14.2	11.3 %	40.1	12.9 %

 

Reported Net Profit of Heineken N.V.

The reported net profit of Heineken N.V. for the first nine months of 2022 was €2,199 million (2021: €3,083 million). Last year included an exceptional gain of €1.270 million from the remeasurement to fair value of the previously held equity interest in United Breweries in India.

Translational Currency Calculated Impact

Based on the impact to date, and applying spot rates of 24 October 2022 to the 2021 financial results as a baseline for the remainder of the year, HEINEKEN calculates a positive currency translational impact of approximately €1,680 million in net revenue (beia), €250 million at operating profit (beia) and €180 million at net profit (beia).

Reconciliation of non-GAAP measures

In the internal management reports, HEINEKEN uses the measure of net revenue (beia).

Reconciliation net revenue (beia)
In millions of €	3Q22	3Q21	YTD 3Q22	YTD 3Q21
Revenue (IFRS)	9,415	7,383	25,816	19,354
Excise tax expense	(1,627)	(1,353)	(4,543)	(3,313)
Net revenue	7,788	6,030	21,273	16,041
Exceptional items included in net revenue	—	(1)	—	(41)
Net revenue (beia)	7,788	6,029	21,273	16,000

Note: due to rounding, this table will not always cast

Enquiries

Media Heineken Holding N.V.
Kees Jongsma
tel. +31 6 54 79 82 53
E-mail: [email protected]
Media		Investors
Sarah Backhouse		José Federico Castillo Martinez
Director of Global Communication		Director of Investor Relations
Michael Fuchs		Mark Matthews / Robin Achten
Corporate & Financial Communication Manager		Investor Relations Manager / Senior Analyst
E-mail: [email protected]		E-mail: [email protected]
Tel: +31-20-5239355		Tel: +31-20-5239590

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 82,000 employees, HEINEKEN brews the joy of true togetherness to inspire a better world. HEINEKEN's dream is to shape the future of beer and beyond to win the hearts of consumers. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on the websites: www.heinekenholding.com and www.theHEINEKENcompany.com and follow HEINEKEN on LinkedIn, Twitter and Instagram.

Market Abuse Regulation

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer:

This press release 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 estimate precisely, such as future market and economic conditions, developments in the ongoing COVID-19 pandemic and related government measures, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN's publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.

GLOSSARY

®

All brand names mentioned in this report, including those brand names not marked by an ®, represent registered trademarks and are legally protected.

Beia

Before exceptional items and amortisation of acquisition-related intangible assets.   

Brand specific volume (Heineken® Volume, Amstel Volume, etc.)

Brand volume produced and sold by consolidated companies plus 100% of brand volume sold under licence agreements by joint ventures, associates and third parties.

Beer Volume

Beer volume produced and sold by consolidated companies.

Premium beer

Beer sold at a price index equal or greater than 115 relative to the average market price of beer.

Consolidation changes

Changes as a result of acquisitions, disposals, internal transfer of businesses or other reclassifications.

Licensed Beer Volume

100% of volume from HEINEKEN's beer brands sold under licence agreements by joint ventures, associates and third parties.  

Group Beer Volume

The sum of Beer Volume, Licensed Beer Volume and attributable share of beer volume from joint ventures and associates.

Digital sales value

Value of the digital transactions with our customers for our products via our eB2B platforms at outlet level, including our net revenue and the margins captured by third party distributors.

Gross merchandise value

Value of all products sold via our eB2B platforms. This includes our own and third-party products, including all duties.

Eia

Exceptional items and amortisation of acquisition-related intangible assets.

Exceptional items

Items of income and expense of such size, nature or incidence, that in the view of management their disclosure is relevant to explain the performance of HEINEKEN for the period.

Net revenue

Revenue as defined in IFRS 15 (after discounts) minus the excise tax expense for those countries where the excise is borne by HEINEKEN.

Net revenue per hectolitre

Net revenue divided by total consolidated volume.

Non-Beer Volume

Cider, soft drinks and other non-beer volume produced and sold by consolidated companies.

Organic Growth

Organic growth in volume excludes the effect of consolidation changes.

Third-Party Products Volume

Volume of third-party products (beer and non-beer) resold by consolidated companies.

Total Consolidated Volume

The sum of Beer Volume, Non-Beer Volume and Third-Party Products Volume.

---

¹ Refer to the Glossary for an explanation of organic growth and other terms used throughout this report.

Attachment

• Heineken Holding NV Q3 2022 Trading Update (26_10_2022)

• Read more about Heineken Holding N.V. reports 2022 full year results

Amsterdam, 15 February 2023 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces:

 

Key Highlights

• The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for 2022 amounts to €1,343 million
• Revenue growth 30.4%
• Net revenue (beia) 21.2% organic growth; per hectolitre 13.9%
• Beer volume 6.9% organic growth; premium beer volume 11.4%; Heineken® volume 12.5%
• Gross savings at €1.7 billion, on-track to deliver ahead of €2 billion by 2023
• Operating profit €4,283 million; operating profit (beia) 24.0% organic growth
• Operating profit (beia) margin 15.7%
• Net profit €2,682 million; net profit (beia) 30.7% organic growth
• Full year 2023 outlook unchanged, operating profit (beia) expected to grow organically mid- to high-single-digit

 

Financial Summary1

IFRS Measures	€ million	Total growth		BEIA Measures	€ million	Organic growth2
Revenue	34,676	30.4 %		Revenue (beia)	34,643	19.1 %
Net revenue	28,719	30.9 %		Net revenue (beia)	28,694	21.2 %
Operating profit	4,283	-4.5%		Operating profit (beia)	4,502	24.0 %
				Operating profit (beia) margin (%)	15.7 %
Net profit of Heineken Holding N.V.	1,343			Net profit (beia)	2,836	30.7 %
Diluted EPS (in €)	4.66			Diluted EPS (beia) (in €)	4.92	38.9 %
				Free operating cash flow	2,409
				Net debt / EBITDA (beia)3	2.1x

¹ Consolidated figures are used throughout this report, unless otherwise stated. Please refer to the Glossary for an explanation of non-GAAP measures and other terms. Page 13 includes a reconciliation versus IFRS metrics. These non-GAAP measures are included in internal management reports that are reviewed by the Executive Board of HEINEKEN, as management believes that this measurement is the most relevant in evaluating the results.
² Organic growth shown, except for Diluted EPS (beia), which is total growth. 
³ Includes acquisitions and excludes disposals on a 12-month pro-forma basis.

Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

During 2022 HEINEKEN accelerated the deployment of its EverGreen strategy, designed to future-proof HEINEKEN and deliver superior, balanced growth in a fast-changing world. HEINEKEN's dream is to shape the future of beer and beyond to win the hearts of consumers. HEINEKEN is also shaping the future with its ambition to become the best digitally connected brewer, raising the bar on sustainability and responsibility and evolving its culture, operating model and capabilities. At the same time, we are stepping up on productivity to fund the investments required and improve profitability and capital efficiency.

HEINEKEN's superior and balanced growth ambition is grounded in its advantaged geographic footprint, its ability to scale strong premium beer brands, including non-alcoholic variants, and in developing winning beverage propositions in fast-growing segments. 

Revenue for the full year 2022 was €34,676 million (2021: 26,583 million). Net revenue (beia) increased by 21.2% organically, with total consolidated volume growing by 6.4% and net revenue (beia) per hectolitre up 13.9%. The underlying price-mix on a constant geographic basis was up 14.3%, driven by pricing for inflation and by premiumisation. All regions contributed with double-digit organic growth. Currency translation positively impacted net revenue (beia) by €1,582 million or 7.2%, mainly driven by the Mexican Peso, Brazilian Real, Vietnamese Dong and the US Dollar. Consolidation changes positively impacted net revenue (beia) by €570 million or 2.6%, mainly from the consolidation of United Breweries Limited (UBL) in India.

Beer volume grew 6.9% organically for the full year and was ahead of 2019 by 2.7% on an organic basis. The growth was led by the sharp recovery of Asia Pacific in the second half of the year, the reopening of the on-trade in Europe in the first half following the COVID-related restrictions of last year and continued growth in the Americas and Africa, Middle East & Eastern Europe regions.

Beer volume		4Q22				Organic  growth		FY22				Organic  growth
(in mhl)				4Q21						FY21
Heineken N.V.		63.3		61.1		3.5 %		256.9		231.2		6.9 %

In the fourth quarter, net revenue (beia) grew organically by 17.4%, with double-digit growth across all regions. Total consolidated volume grew 3.0% and net revenue (beia) per hectolitre was up 14.0%. Price-mix on a constant geographic basis was up 14.5%, again driven by pricing and premiumisation. Beer volume grew 3.5%, driven by Asia Pacific and continued growth in Europe, more than offsetting lower volume in other regions.

Premium beer volume grew 11.4% versus last year and came 15.6% ahead of 2019, organically. HEINEKEN's premium brands outperformed the total portfolio in the majority of its markets and accounted for more than half of our total organic growth in beer volume in 2022.

This growth is led by Heineken®, up 12.5% versus last year (14.5% excluding Russia) and 31.5% relative to 2019, significantly outperforming the total beer market. The growth was broad-based with more than 50 markets growing double-digits in 2022. The strong growth was led by Heineken® Original, bolstered by the remarkable performance of its line extensions. Heineken® Silver more than doubled its volume, driven by excellent performances in Vietnam and China and its global rollout, reaching 28 markets in total by the end of 2022.

Heineken® volume		4Q22		Organic growth		FY22		Organic growth
(in mhl)
Total		14.8		11.2 %		54.9		12.5 %

Outlook 2023

For 2023, HEINEKEN expects operating profit (beia) to grow organically mid- to high-single-digit, subject to any significant unforeseen macroeconomic and geopolitical developments. This outlook is based on continued progress on HEINEKEN's EverGreen strategy, a challenging global economic environment and lower consumer confidence in certain markets.

HEINEKEN expects further progress towards building great brands, its digital route to consumer, strategic capabilities and HEINEKEN's Brew a Better World activities with commensurate investments. HEINEKEN also expects stable to modestly growing volume, increasing in developing markets and declining in Europe. HEINEKEN will continue the discipline to price responsibly as per local market conditions, aiming to cover most of the absolute impact of inflation in its cost base. HEINEKEN anticipates an increase in its input costs in the high teens per hectolitre and significantly higher energy costs, particularly in Europe. HEINEKEN will deliver on its gross savings ahead of the €2 billion target relative to the cost base of 2019, including an increased ambition of savings in Europe. Overall as a result, net revenue (beia) will grow organically ahead of operating profit (beia). Due to the phasing of marketing and selling expenses and input cost pressures, the operating profit (beia) organic growth will be skewed towards the second half.

HEINEKEN also expects in 2023 an average effective interest rate (beia) of around 3.1% (2022: 2.8%); an effective tax rate (beia) of around 27% (2022: 27.7%) and a significant increase in other net finance expenses, driven by the expected impact from foreign currencies in some emerging markets. As a result, net profit (beia) is expected to grow organically in line or below the operating profit (beia).

Finally, HEINEKEN expects investments in capital expenditure related to property, plant and equipment and intangible assets to amount to c.9% of net revenue (beia) (2022: c.7%)

Total Dividend For 2022

The Heineken N.V. dividend policy is to pay a ratio of 30% to 40% of full year net profit (beia). For 2022, a total cash dividend of €1.73 per share, representing an increase of 40% (2021: €1.24), and a payout ratio of 35.1%, in the middle of the range of Heineken N.V.'s policy, will be proposed to the Heineken N.V. Annual General Meeting on 20 April 2023. If approved, a final dividend of €1.23 per share will be paid on 2 May 2023, as an interim dividend of €0.50 per share was paid on 11 August 2022.

If Heineken N.V. shareholders approve the proposed dividend, Heineken Holding N.V. will, according to its Articles of Association, pay an identical dividend per share. A final dividend of €1.23 per share of €1.60 nominal value will be payable as of 2 May 2023.

Both the Heineken Holding N.V. shares and the Heineken N.V. shares will trade ex-dividend on 24 April 2023. The dividend payment will be subject to a 15% Dutch withholding tax.

Translational Calculated Currency Impact

The translational currency impact for 2022 was positive, amounting to €1,582 million on net revenue (beia), €258 million at operating profit (beia) and €198 million at net profit (beia).

Applying spot rates as of 13 February 2023 to the 2022 financial results as a base, the calculated currency translational impact would be negative, approximately €560 million in net revenue (beia), €80 million at operating profit (beia), and €40 million at net profit (beia).

Board of Directors Composition

Mrs C.L. de Carvalho-Heineken and Mr M.R. de Carvalho will have completed their four-year appointment term upon conclusion of the Heineken Holding N.V. Annual General Meeting on 20 April 2023 ('2023 AGM'). Mrs C.L. de Carvalho-Heineken and Mr M.R. de Carvalho are eligible for reappointment as executive member of the Board of Directors of Heineken Holding N.V. for a period of four years and non-binding recommendations shall be submitted to the 2023 AGM in this respect.

Mrs C.M. Kwist will have completed her four-year appointment term upon conclusion of the 2023 AGM. Mrs Kwist is eligible for reappointment as non-executive member of the Board of Directors of Heineken Holding N.V. for a period of four years and a non-binding recommendation shall be submitted to the 2023 AGM in this respect.

Mr C.A.G. de Carvalho has informed the Company that he will step down as a non-executive member of the Board of Directors at the end of the 2023 AGM. Mr de Carvalho accepted a job offer at McKinsey that is incompatible with a board position at Heineken Holding N.V. due to potential conflicts of interest with clients that McKinsey serves. The Board of Directors would like to thank Mr de Carvalho for his contribution to the Board of Directors over the past year and wishes him the best in his future business endeavours.

Enquiries

Media Heineken Holding N.V.
Kees Jongsma
tel. +31 6 54 79 82 53
E-mail: [email protected]
Media		Investors
Sarah Backhouse		José Federico Castillo Martinez
Director of Global Communication		Investor Relations Director
Michael Fuchs		Mark Matthews / Chris Steyn
Corporate & Financial Communications Manager		Investor Relations Manager / Senior Analyst
E-mail: [email protected]		E-mail: [email protected]
Tel: +31-20-5239355		Tel: +31-20-5239590

Investor Calendar Heineken N.V.

(events also accessible for Heineken Holding N.V. shareholders)

Combined financial and sustainability annual report publication	23 February 2023
Trading Update for Q1 2023	19 April 2023
Annual General Meeting of Shareholders	20 April 2023
Quotation ex-final dividend 2022	24 April 2023
Final dividend 2022 payable	2 May 2023
Half Year 2023 Results	31 July 2023
Quotation ex-interim dividend 2023	2 August 2023
Interim dividend payable	10 August 2023
Trading Update for Q3 2023	25 October 2023

Conference Call Details

HEINEKEN will host an analyst and investor video webcast about its 2022 FY results at 14:00 CET/ 13:00 GMT/ 08.00 EST. This call will also be accessible for Heineken Holding N.V. shareholders. The live video webcast will be accessible via the Heineken N.V.’s website: https://www.theheinekencompany.com/investors/results-reports-webcasts-and-presentations. 

An audio replay service will also be made available after the webcast at the above web address. Analysts and investors can dial-in using the following telephone numbers:

United Kingdom (Local): 020 3936 2999

Netherlands: 085 888 7233

USA: 1 646 664 1960

All other locations: +44 20 3936 2999

Participation password for all countries: 589454

Editorial information:
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company. HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 85,000 employees, we brew the joy of true togetherness to inspire a better world. HEINEKEN's dream is to shape the future of beer and beyond to win the hearts of consumers. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on www.heinekenholding.com and www.theheinekencompany.com and follow HEINEKEN on LinkedIn, Twitter and Instagram.

Market Abuse Regulation:
This press release may contain price-sensitive information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Disclaimer:
This press release 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 information in HEINEKEN’s non-financial reporting, such as HEINEKEN’s emissions reduction and other climate change related matters (including actions, potential impacts and risks associated therewith). These forward-looking statements are identified by their use of terms and phrases such as “aim”, “ambition”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “goals”, “intend”, “may”, “milestones”, “objectives”, “outlook”, “plan”, “probably”, “project”, “risks”, “schedule”, “seek”, “should”, “target”, “will” and similar terms and phrases. These forward-looking statements, while based on management's current expectations and assumptions, are not guarantees of future performance since they are subject to numerous assumptions, known and unknown risks and uncertainties, which may change over time, that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond HEINEKEN’s ability to control or estimate precisely, such as but not limited to future market and economic conditions, the behaviour of other market participants, changes in consumer preferences, the ability to successfully integrate acquired businesses and achieve anticipated synergies, costs of raw materials and other goods and services, interest-rate and exchange-rate fluctuations, changes in tax rates, changes in law, environmental and physical risks, change in pension costs, the actions of government regulators and weather conditions. These and other risk factors are detailed in HEINEKEN’s publicly filed annual reports. You are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date of this press release. HEINEKEN assumes no duty to and does not undertake any obligation to update these forward-looking statements contained in this press release. Market share estimates contained in this press release are based on outside sources, such as specialised research institutes, in combination with management estimates.

 

Attachment

• Click here for the full press release: Heineken Holding NV 2022 Full Year results press release (15_02_2023)

• Read more about Heineken Holding N.V. notes FEMSA’s intention to divest its shareholding in Heineken Holding N.V. and Heineken N.V.

Amsterdam, 16 February 2023 – Heineken Holding N.V. notes the announcement by FEMSA on the outcome of its strategic review. FEMSA announced that it has decided to focus solely on retail, Coca-Cola FEMSA and digital going forward. FEMSA intends to divest its full shareholding in Heineken Holding N.V. and Heineken N.V. and FEMSA’s representatives will resign from Heineken Holding N.V.’s Board of Directors and Heineken N.V.’s Supervisory Board with immediate effect.

Heineken Holding N.V. respects FEMSA's decision to refocus its strategic priorities and would like to thank FEMSA for its contribution and support in growing the business over the past thirteen years.

Charlene de Carvalho-Heineken and Michel de Carvalho, Executive Directors of the Board of Directors of Heineken Holding N.V., commented: “We are grateful for the commitment and support of José Antonio Fernández Carbajal on the Board of Directors over the last thirteen years. We will miss him for his valuable contributions, guidance and collaboration. 

-END-

Press enquiries Heineken Holding N.V.                                           
Kees Jongsma
E-mail: [email protected]                             
Tel: +31-6-5479-8253                                              

Press enquiries                                            
Sarah Backhouse / Michael Fuchs
E-mail: [email protected]
Tel: +31-20-5239-355                                              

Investor and analyst enquiries
Federico Castillo Martinez / Mark Matthews / Chris Steyn
E-mail: [email protected]
Tel: +31-20-5239-590

About HEINEKEN
Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company. HEINEKEN is the world's most international brewer. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN employs over 85,000 employees and operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Heineken Holding N.V. and Heineken N.V. shares trade on the Euronext in Amsterdam. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIO NA and HEIA NA and on Reuters under HEIO.AS and HEIN.AS. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken Holding N.V. (OTCQX: HKHHY) and Heineken N.V. (OTCQX: HEINY). Most recent information is available on Heineken Holding N.V.’s website or Heineken N.V.'s website and follow HEINEKEN on LinkedIn, Twitter and Instagram.

Market Abuse Regulation
This press release may contain price-sensitive information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Attachment

• Heineken Holding NV press release FEMSA strategic review (16_02_2023)