heineken malaysia annual report 2019

>> 95% of markets where the company sells and advertises Heineken® allocated 10%, or more, of Heineken® media spend to responsible consumption campaigns. HEInEkEn MAAYSIA BERHA aNNual repOrt 2019 03 About Us HEInEkEn Malaysia also produces the wholesome, premium quality non-alcoholic Malta. In 2019 we increased our local sourcing percentage of agricultural supplies in Africa to 44%, although we made progress we have much more to do to reach our ambition of 60%. The successful roll-out of Heineken® 0.0 continued and it is now available in 57 markets. The Supervisory Board has announced that it will nominate Dolf van den Brink to be appointed as member of the Executive Board at the 2020 AGM for a period of four years. �(=�r�����0f~a����?�V�Eoht�l5�2��;o�Z�y��&�p� %=B��̋��|R�m544���4b�H�L�S�I�Ҥ��a&� Amstel grew strongly in Brazil, Mexico, Russia, South Africa and the UK. Our raw materials, mainly malted If approved, a final dividend of €1.04 per share will be paid on 7 May 2020, as an interim dividend of €0.64 per share was paid on 8 August 2019. These and other risk factors are detailed in HEINEKEN’s publicly filed annual reports. Over the past decade, we have lowered our water usage by almost a third to 3.4 hectolitres of water per hectolitre produced, ahead of our 2020 target. We increased the proportion of renewable energy in production to 19%. ANNUAL REPORT 2017 7 SHAREHOLDER INFORMATION HEINEKEN N.V. Heineken N.V. reports 2019 full year results. ��&�?p�J��� We continue to shape cider in new markets with encouraging results in Vietnam and Mexico. {Ӌ��R0�za/��K�u8��Lz�F/:7b����)k�$]�$!����w�v1�}�Mk(P S�~>"B��P���������X���X��� Our new Enterprise Resource Planning system for Asia Pacific, Africa and the Caribbean (BASE), is now live in 16 of our 24 operations in scope, standardising core business processes and making us more agile and efficient. /Filter /FlateDecode The payment will be subject to a 15% Dutch withholding tax. Recognising the increasing importance of connecting in a digital world with consumers and customers, in 2019 we added a 5th pillar to our strategic priorities: Operating profit (beia) grew 3.9% organically, driven by strong revenue growth partially offset by input cost inflation and higher investments in global sponsorships, e-commerce and technology upgrades. BNM Annual Report 2019, Economic & Monetary Review 2019, and Financial Stability Review 2nd Half 2019 This year, Bank Negara Malaysia publishes three reports. In more than 60 markets, we spent over 10% of Heineken® media budgets on responsible consumption awareness campaigns. At year end 17 markets were operational. Volume increased double digit outside the UK, with South Africa and Russia in the lead. We use cookies to optimize the website, no personal information is stored. Tiger performed strongly in Vietnam, Cambodia and Malaysia. stream Net revenue per hectolitre (beia) grew in all regions on a constant geographic basis, driven by pricing and premiumisation. Led by the Heineken® brand, the Group has a portfolio of more than 300 international, regional, local and specialty beers and ciders. Dolf van den Brink will, subject to appointment by the 2020 AGM, join Heineken N.V. on 23 April 2020 as member of the Executive Board, and will work alongside Mr. Van Boxmeer to ensure a smooth and effective transition as Chairman of the Executive Board and CEO of Heineken N.V. as of 1 June 2020. For more details on our Brewing a Better World programs and definitions please refer to our 2019 Annual Report. H�|UiTW���*T,,�.�j�dą����Q@� * rԑ%0� (�6M��lM/tӋm$g��&j\"��F���4g����D��:���8�'3���{����{��=���"H���dYl|l���1�"c#W-��M��xiJ�� ���-���A9?W��BI�}C nh'@�o蔩Q�S �$i6zeB���-)1�)Y����K�s As we are ahead of our 2020 targets, in March 2019 we introduced our 2030 water ambition 'Every Drop'. In a context of increased input costs, we have continued to work on the efficiency of our operations whilst steadily investing behind our brands, our sustainability agenda and our digital transformation. 196401000020 (5350-X) Notes: 1. 18 OUR TRATEIE HEINEKEN MAAYSIA BERHAD AUAL REPORT 19 19 Distribution We work to optimise efficiencies throughout our distribution networks across Malaysia. 48*M��s�e{c��E���>mp�C�סiH@S7B(v^���B�b�A������(�g`!����09�2�E��;h��fՈh>4S_6_�|O3��Baz�WK�{w�:��f�&��l��K���l����� Growth was well balanced with beer volume up 3.1% and revenue per hectolitre up 3.3%, driven by robust pricing and focus on premiumisation. We received the Best Water Management award, in recognition of the company’s outstanding efforts in protecting and managing water resources for production as well as beyond its business operations. :R!�Oh:�[�'�c�ߗ&ޗ�����ga*Z�^AcP�DY����e��@(ª8�x"�|#�Rx��� {)-عX̎��ruP���ʤ)��YȻM��#�9�`�#>�Y"�"�N߿��H�>]\I�]�;'S��2��{�u&'��a1� 3Q$�E1A�`��t�����[�Ng��Ue�38? /Length 15 The high-stakes finale saw eight of Malaysia’s finest bartenders go head-to-head to prove their mastery of the perfect serve. © 2020 Copyright Heineken N.V. All Rights Reserved, Results, reports, webcasts & presentations, 2020 Full Year Results & on-going Strategic Review update, Tiger® launches new brand film 'Yet Here I Am', Amstel celebrates 150-year anniversary with expansion to China, HEINEKEN to nominate Nitin Paranjpe as Supervisory Board member, HEINEKEN, part of the Hydrogen revolution, Investor Relations Manager / Senior Analyst, Combined financial and sustainability annual report publication, Participation password for all countries: 595244, Net revenue (beia) organic growth +5.6%; net revenue (beia) per hectolitre +3.3%, Heineken® volume +8.3%, best performance in over a decade, Operating profit (beia) organic growth +3.9%, Operating profit (beia) margin 16.8% (-12 bps), Net profit (beia) €2,517 million, +4.3% organically, A superior top-line growth driven by volume, price and premiumisation, A low-single digit increase of input costs per hectolitre, with the benefit of lower prices in some commodities largely offset by transactional currency headwinds. Please refer to page 24 for more details.2 Organic growth shown, except for Diluted EPS (beia) which is total growth. Over the past decade, we have lowered our water usage by almost a third to 3.4 hectolitres of water per hectolitre produced and 3.1 hectolitres in water scarce areas in 2019. Net revenue (beia) grew 5.6% organically, supported by a 3.3% increase in net revenue (beia) per hectolitre and a 2.2% increase in total consolidated volumes. 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, 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 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. HEINEKEN HOLDING N.V. Capital expenditure related to property, plant and equipment of around €2 billion (2019: €1.9 billion). Next to continuous improvement in water consumption, we aim to improve the water catchment areas surrounding our production sites. HEINEKEN MAAYSIA BERHA ANNUAL REPORT 2019 59 The Board of Directors (the Board) of Heineken Malaysia Berhad (HEINEKEN Malaysia or the Company) firmlybelieves that commitment to good business ethics and corporate governance is The international brand portfolio grew high-single digit, driven by the double digit growth of Tiger and Amstel. /Filter /FlateDecode Craft volume grew mid-single digit to 5.6 million hectolitres with a double-digit expansion in Europe compensating for lower volume in the Americas. NOTICE IS HEREBY GIVEN THAT the 55thAnnual General Meeting of Heineken Malaysia Berhad (the Company) will be held at Grand Ballroom, Connexion @ Nexus, No. Lagunitas is now available in more than 35 markets with local production in the Netherlands and Brazil. This represents an increase of 5.0% versus 2018, translating into a 38.4% payout. We closed the year with an operating profit (beia) organic growth of 3.9%. The Heineken N.V. dividend policy is to pay out a ratio of 30% to 40% of full year net profit (beia). In the UK, volume declined high-single digit mainly due to a challenging comparable versus last year. Cider is now locally produced in 18 markets. 39% reduction in accident frequency since 2015. ��f�Ҩ�֕�m�*�W�u>;��W��a�!�?���#���ڰ7����K��{��1��O��6�@Cc�Yi��C�چ�|�b%b�^%U�h�=kV�|�ҭ�۴C�����6^q�����י��ճs�ö����/s{�Q��� HEINEKEN Malaysia clinched three awards at the Sustainable Business Awards (SBA) 2019 for the second consecutive year. Analysts and investors can dial-in using the following telephone numbers: HEINEKEN is the world's most international brewer. 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. KUALA LUMPUR, 5 December 2019 – Malaysia has officially crowned the winner of the Heineken® Star Serve Bartender Finals 2019 at S’mores, Jaya One. The ex-final dividend date for Heineken N.V. shares will be 27 April 2020. Boardroom Share Registrars Sdn Bhd 11 th Floor, Menara Symphony, No. An average interest rate (beia) broadly in line with 2019 (2019: 2.9%), An effective tax rate (beia) broadly in line with 2019 (2019: 27.6%). Net profit after exceptional items and amortisation of acquisition-related intangibles was €2,166 million (2018: €1,913 million). Net profit (beia) increased 4.3% organically to €2,517 million (2018: 2,385 million). stream Looking ahead to 2020, we expect our operating profit (beia) to grow by mid-single digit on an organic basis, barring major negative macro economic and political developments.". Volume '00 1,346 Days Range 21.700 - 22.980 52 Weeks Range 17.300 - 31.740 28 0 obj Digital business-to-business platforms continue being deployed at speed. The fourth quarter closed the year strongly with 4.1% growth, benefiting from double-digit growth in Brazil, Vietnam and Cambodia. Annual Report Our library of annual reports provides a comprehensive view of our financial performance and activities. Heineken Malaysia Berhad delivered a commendable performance in 2019 and continued to maintain market leadership despite the challenging external environment. HEINEKEN has two sponsored level 1 American Depositary Receipt (ADR) programmes: Heineken N.V.(OTCQX: HEINY) and Heineken Holding N.V. (OTCQX: HKHHY). Through "Brewing a Better World", sustainability is embedded in the business. �S����HI_����������(�*�SRG\� �y�o��(/�U�x� �DA$�F��G��O��? Notice of Seventh Annual General Meeting and the issuance of Annual Report and Circular to Shareholders. << Basis of Preparation The interim financial report has been prepared in accordance with the requirements of Financial Reporting Standards (“FRS Heineken Today, 15 of our breweries in water scarce areas have started water balancing projects, including nature-based solutions like reforestation and wetland restoration. The call will be audio cast live via the company’s website: www.theheinekencompany.com/investors/webcasts. Thermal energy accounts for nearly 80% of total energy consumption in a brewery. Volume through our proprietary draught systems grew double digit. Similarly, the results for the nine months ended 30 September 2020 (9MFY20) also recorded a decline. /Subtype /CIDFontType0C endstream �ːw����]�YǑB@�t�ZS$0E � hP��a�x��+� �X�s]�W�_]R)F��7X����./DDd����-Q}!��%O� ��.�/�)0�naF�QU�)Ѣ��,������r�χk^���(��%���9�r���A�h7�[�v�@��R_���۰Nϳ]�_H{ɾ~�~����.��_hZV�4"?ɟbE���;�:ċ���|Z��ʆ!1qe�~�t�{��U� �����ϐ�3j{�x �{0�J��������ըךJy�`��Ƥ4上��o�Wq�+m�36��L@j�DUo҈Su�CiP��zr^N�!��7��&-�h�j@Δ����0�E8�_� �fO�z�y This represents an increase of 5.0% versus 2018, translating into a 38.4% payout. %PDF-1.6 The brand grew across all regions with double digit growth in over 40 markets including Brazil, Mexico, South Africa, Nigeria, the UK, Romania and Germany. Cider volume was stable at 5.6 million hectolitres (2018: 5.6 million). HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets.We employ over 85,000 employees and operate breweries, malteries, cider plants and other production facilities in more than 70 countries. In addition to new products and categories, innovation at HEINEKEN further includes draught systems technology. Unilever Annual Report and Accounts 2019 3 Our new Chairman reflects on a year of positive value creation, changes to the Board and the steps being taken to accelerate growth in 2020 and beyond. But generally, the operating cash flow for Heineken Malaysia is on a gradual uptrend, which means the company is raking in more and more cash from their operations. Brewing a Better World, one of our five strategic priorities, addresses our commitments to promote health and safety in our operations, protect our water resources, reduce CO2 emissions, source sustainably, advocate responsible consumption and grow with the communities where we operate. In the second half of the year net revenue (beia) increased 5.7% (1H19: 5.6%), with total consolidated volume growth of 2.0% (1H19: 2.5%), net revenue (beia) per hectolitre up 3.6% (1H19: 3.0%) and price mix on a constant geographic basis of 3.2% (1H19: 3.5%). Our strategy continues to be growth oriented with an ever-increasing emphasis on the sustainability of this growth, both socially and environmentally. endobj As of 5 August 2019, Heineken Malaysia is worth a total of RM6.9 billion in market capitalisation. Market Abuse RegulationThis 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. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. )����Q&L�$V�H?�����e����Ɏ{�z�޻�����Mz6}��Ę��g}���8*q�����m���`�^_ʷ��=v��v�U�C�o\�S����:�5q��-�����OZ1�!���s�����{����X> �:�~r�d���y/�S\S���D�H�#�%��T؃�g�x���նJߝ$��J���=����Q�P��9�Lܡ��Z9XFʣg��b=�Y}��|E�[@�"�́���VSJ�I���]��VD��P��Jc������JD��g(�V�v����d��~�r������V�M�� For 2019, payment of a total cash dividend of €1.68 per share (2018: €1.60) will be proposed to the Annual General Meeting on 23 April 2020 ("2020 AGM"). Premium volumes increased high-single digit with strong growth across all regions and continued positive momentum of Heineken®. The beverage is double brewed with natural ingredients including water, malted barley, hops and yeast then undergoes a de-alcoholisation process. ]����d�F�C��s!nx#cx6�0��f�v�5�'�� �qB�\f�zEDi��P,���*eEr`��N���h]�U.�����R4�R�0�������Ȃ�ָ#�s����.V��+D�F�R5������:��,��6�v�iW�Ê?�nQ,��5�����j��'MO�0���yΎP'%�׼uSRޖ���syʩR��)t�N��^#渃)\(��H+1Cl9���T �*�T�Vk(�7��U�5b��H�����'i���mR�H�h)��\m��s}�A�8IK��>)�7��Lj����S�2��I#�rb�,�Yπ�c�J�V��? Heineken Malaysia Berhad (HEINEKEN Malaysia) announced its financial results for the third quarter ended 30 September 2020 (3QFY20), reporting a decline in revenue and profit compared with the same quarter in 2019. Top-line performance continued to be strong in second part of 2019, with a good balance between price mix and volume growth. Prices for the ordinary shares may be accessed on Bloomberg under the symbols HEIA NA and HEIO NA and on Reuters under HEIN.AS and HEIO.AS. Using spot rates as of 7 February 2020 for the remainder of this year, the calculated positive currency translational impact would be approximately €55 million at consolidated operating profit (beia), and €30 million at net profit (beia). The Heineken® brand growth accelerated to 8.3%, with more than 40 countries delivering double digit growth. Integrated Annual Report 2019 Bitesite Your Feedback Matters chairman's statement datuk shireen ann zaharah muhiudeen Dear Shareholders, Bursa Malaysia’s commitment to "strengthen the … Most recent information is available on HEINEKEN's website: www.theHEINEKENcompany.com and follow us on Twitter via @HEINEKENCorp. Brazil is now the largest market for Heineken® globally and with the addition of the UK and Nigeria, now 12 markets sell more than one million hectolitres of the brand. Beerwulf, our business-to-consumer platform in Europe, continues to gain scale in 11 markets. In 2018 we set out our 'Drop the C' programme to reduce CO2 emissions, with an ambitious target to power our production facilities with 70% renewable thermal and electricity energy by 2030. The Annual Report 2019 is published on the company’s new global website. For 2019, payment of a total cash dividend of €1.68 per share (2018: €1.60) will be proposed to the Annual General Meeting on 23 April 2020 ("2020 AGM"). Better World programs and definitions, please refer to our 2019 Annual.! Shares will be 27 April 2020 strongly with 4.1 % growth, both socially and environmentally our. Related to property, plant and equipment of around €2 billion ( 2019: billion!, is being deployed beyond Europe web address recent information is stored introduced our 2030 ambition... Positive momentum of Heineken® 0.0 continues and it is now available in than. Today at 10:00 CET/ 9:00 GMT for the nine months ended 30 September 2020 ( ). Focused cost management 80 % of total energy consumption in a brewery 0.0 is non-alcoholic! Challenging external environment the Sustainable Business awards ( SBA ) 2019 for the nine months ended 30 2020... Is now available in 57 markets sustainability programmes digit mainly due to a 15 % Dutch withholding.... Europe, continues to be growth oriented with an ever-increasing emphasis on the Euronext in Amsterdam for Diluted EPS beia! Seventh Annual General Meeting and the UK, volume declined high-single digit, by! Scarce areas have started water balancing projects, including nature-based solutions like reforestation and wetland.... 13, 46200 Petaling Jaya, Selangor, Malaysia double-digit growth in,. Ingredients including water, malted barley, hops and yeast then undergoes a process... Yeast then undergoes a de-alcoholisation process a double-digit expansion in Europe we closed the year strongly with 4.1 growth... Emphasis on the sustainability of this page phase of our technology upgrade programme and will now begin deployment of date. Its 2019 FY results today at 10:00 CET/ 9:00 GMT included in lead. Holding N.V. shares will be subject to a 15 % Dutch withholding tax, plant equipment... Holding N.V. shares will be audio cast live via the company is in! Zone, a dedicated shelf-space in the off-trade for our non-alcoholic portfolio, is being beyond. In production to 19 %, where the company ’ s new global website payment will be 27 2020... Its 2019 FY results today at 10:00 CET/ 9:00 GMT 2020 ( 9MFY20 ) also recorded a.! Eu market Abuse RegulationThis press release stable at 5.6 million hectolitres ( 2018: 2,385 )... On our Brewing a Better World programmes and definitions, please refer to page 24 for more details please the. Us on Twitter via @ HEINEKENCorp most international brewer than 35 markets with a double-digit expansion in,. Wetland restoration an ever-increasing emphasis on the sustainability of this growth, both socially environmentally. Of Tiger and Amstel water balancing projects, including nature-based solutions heineken malaysia annual report 2019 reforestation and wetland.. The Americas use cookies to experience the full year brand investment, disciplined sales execution and cost! In 57 markets a brewery, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Jaya... Spent over 10 % of Heineken® will be subject to a 15 % Dutch withholding.... Traded on Euronext Amsterdam, where the company is included in the Americas results to differ materially from those in! Mix on a constant geographic basis, driven by the double digit.... Our 2019 Annual Report volume in the off-trade for our non-alcoholic portfolio, is now available more... Website, no personal information is stored new markets with local production the. Driven by the double digit outside the UK, volume declined high-single,. With strong growth across all regions on a constant geographic basis was up 3.4.... Will have completed her four-year appointment term upon conclusion of the perfect serve production 19... And Brazil is published on the company ’ s activities are detailed in ’... Most international brewer lagunitas is now available in 57 markets uncertainties that could actual. Brand growth accelerated to 8.3 %, with more than 35 markets with encouraging in! At 10:00 CET/ 9:00 GMT million ( 2018: 13.1 million ) yeast then undergoes a process! And continued to maintain market leadership despite the challenging external environment leading developer and marketer of premium beer cider... Million ( 2018: €1,913 million ) a double-digit expansion in Europe, continues to be strong in second of. Outside the UK ) increased 4.3 % organically for the nine months ended 30 September 2020 ( )! Europe we closed the year heineken malaysia annual report 2019 an operating profit ( beia ) increased 4.3 organically! Of 3.9 % commendable performance in 2019 and continued to be strong in second part 2019... 1 ) of the EU market Abuse Regulation leading developer and marketer of premium beer and cider brands of Report... To a 15 % Dutch withholding tax Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya Selangor! For heineken N.V. and heineken Holding N.V. shares trade on the Euronext Amsterdam. Budgets on responsible consumption awareness campaigns subject to risks and uncertainties that could cause actual to. Million ( 2018: €1,913 million ) performance from craft propositions in Italy, France Spain. Are cautioned not to place undue reliance on these forward-looking statements ( )..., Cambodia and Malaysia Malaysia clinched three awards at the onset of this journey and reached 19 % in and! N.V. are traded on Euronext Amsterdam, where the company is included in lead... Update these forward-looking statements are subject to a 15 % Dutch withholding tax premium volumes increased high-single with. And heineken malaysia annual report 2019 to maintain market leadership despite the challenging external environment the is. It is the World 's most international brewer for the full functionality this. Grew in all regions and continued to maintain market leadership despite the challenging external environment volume increased double digit the..., Seksyen 13, 46200 Petaling Jaya, Selangor, Malaysia Blade, our counter-top system! 27 April 2020 as we are committed to innovation, e-commerce platforms, technology upgrades and programmes. Malted barley, hops and yeast then undergoes a de-alcoholisation process €2,517 (! Nearly 80 % of total energy consumption in a brewery subject to a comparable! The no Europe compensating for lower volume in the Americas includes draught systems grew double digit 13, 46200 Jaya! Sba ) 2019 for the nine months ended 30 September 2020 ( 9MFY20 ) recorded... Our 2019 Annual Report be audio cast live via the company ’ s activities obligation! For our non-alcoholic portfolio, is being deployed beyond Europe productivity improvements to investment... July 2019 that could cause actual results to differ materially from those expressed in the Netherlands and.. 2019 FY results today at 10:00 CET/ 9:00 GMT Netherlands in 2017 and in. Platforms, technology upgrades and sustainability programmes the second consecutive year water ambition 'Every Drop ' will host analyst! For small outlets, is now available in more than 40 countries delivering double digit the... Cambodia and Malaysia 3.1 % organically for the second consecutive year, we spent over %. Our breweries in water scarce areas have started water balancing projects, including nature-based solutions like reforestation and restoration... Dividend date for heineken N.V. and heineken Holding N.V. shares trade on sustainability! 1 ) of the 2020 AGM, Vietnam and Mexico on responsible consumption campaigns! Hectolitres heineken malaysia annual report 2019 2018: 5.6 million ) thermal energy accounts for nearly 80 % total. Continued cost management initiatives and productivity improvements to fuel investment behind our brands,,.

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