millercoors q2 trading update presentation august 2016 ... · cogs/bbl pricing sales mix cost...
TRANSCRIPT
MillerCoors Q2 2016
American Light Lagers
Miller Lite and Coors Light• Combined to delivered flat sales-to-retail volume for the
second consecutive quarter
2
Premium Regular
Coors Banquet• Gained segment share• Low-single-digit growth• On target for 10th consecutive year of growth
3
Above Premium
• STRs finished down low-single digits
4
Above Premium—Innovations
5
• Henry’s was the number-one Hard Soda franchise in the quarter
• Redd’s declined mid-single digits
Tenth and Blake
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Finished Q2 with mid-single-digit decline
Below Premium
7
• Decreased mid-single digits for Q2
MillerCoors Q2 2016
Second Quarter Underlying Net Income
COGS/bbl
Pricing
Sales Mix
Cost
Savings
STW Volume
MG&A
9
Q2 2015 Q2 2016
$487.2M $468.8M
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%
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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 Q2 2016
0.7%
Performance Results
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-1.7%
Underlying Net Income
Net Sales STR Volume STW Volume
-3.8% -3.5% -4.4%
Financial Highlights
Total cost of goods sold (COGS) per barrel decreased 1.3 percent for Q2.
Marketing, General and Administrative costs increased 1.8 percent for Q2.
Depreciation and amortization expenses were $116.0 million for Q2.
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MillerCoors Q2 2016