millercoors q1 trading update presentation may 2016 · q1 2015 q2 2015 q3 2015 q4 2015 q1 2016....
TRANSCRIPT
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MillerCoors Q1 2016
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American Light Lagers
Miller Lite and Coors Light• Improved volume performance• Both delivered flat volume for the
first time since the joint venture
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Premium Regular
Coors Banquet• Gained segment share• Low-single-digit growth
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Winning in Above Premium
• STRs finished up low-single digits
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Above Premium—Innovations
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• Henry’s Hard Orange has the best velocity in the Hard Soda category since the fourth week of the brand’s launch
• Henry’s Hard Ginger Ale is the number-one ginger ale
• Redd’s declined low-single digits
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Above Premium—Tenth and Blake
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Finished Q1 with low-single-digit decline
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Below Premium
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• Decreased mid-single-digits for Q1• Steel Reserve Alloy Series grew double digits
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MillerCoors Q1 2016
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First Quarter Underlying Net Income
COGS/bbl
Pricing
Sales Mix
Cost
Savings
STW Volume
MG&A
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Q1 2015 Q1 2016
$304.6M $372.1M
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Domestic Net Revenue Per Barrel
Increase due to favorable net pricingand positive sales mix.
% C
ha
ng
e v
s. P
Y
1.5%1.6% 1.7%
10
1.2% 1.5%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
1.40%
1.60%
1.80%
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
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Performance Results
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2.3%-1.3%
1.3%22.2%
Profit Net Sales STR Volume STW Volume
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Financial Highlights
Total cost of goods sold (COGS) per barrel decreased 5.0 percent for Q1.
Marketing, General and Administrative costs increased 5.3 percent for Q1.
Depreciation and amortization expenses were $117.1 million for Q1.
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MillerCoors Q1 2016