百威英博2012年第一季度报.pdf

Brussels, 30 April 2012 – 1 / 18 The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market. Anheuser-Busch InBev reports First Quarter 2012 Results Except where otherwise stated, the comments below are based on organic figures and refer to 1Q12 versus the same period of last year. For important disclaimers please refer to page 2. HIGHLIGHTS • Revenue growth: AB InBev delivered strong revenue growth in the quarter of 6.2%, with revenue per hl up 4.9%. On a constant geographic basis (i.e. eliminating the impact of faster growth in countries with lower revenue per hl) revenue growth per hl reached 5.0%, driven by our revenue management initiatives and benefits from the premiumization of our portfolio • Volume performance: Total volumes in 1Q12 grew 1.8%, with own beer volumes growing by 1.4% and non-beer volumes growing by 6.3%. Third party volumes decreased 31.1% due to the termination of legacy commercial products contracts in Western Europe in March 2011 • Focus Brands: In 1Q12, our three global brands of Budweiser, Stella Artois and Beck’s grew by 4.8%. Total Focus Brands volumes grew by 3.5%, led by the Bud Light brand family and Stella Artois in the United States, Budweiser and Harbin in China, Antarctica, Brahma and Budweiser in Brazil and Quilmes in Argentina • Cost of Sales: Cost of Sales (CoS) increased by 3.1%, or 2.2% on a per hl basis. On a constant geographic basis, CoS per hl increased 2.8% • EBITDA: EBITDA grew 7.4% organically to 3 552 million USD, with an EBITDA margin of 38.1% in 1Q12 compared to 37.9% in 1Q11, an increase of 43 bp • Net finance co