Key figures1
Overview
Results
In millions of EUR
2009
2008
Change in
Revenue
14,701
14,319
2.7
EBIP
1,757
1,080
62.7
EBIT (beia)3
2,095
1,932
8.4
Net profit
1,018
209
387.1
Net profit (beia)3
1,055
1,013
4.1
EBITDA3
2,840
2,286
24.2
EBITDA (beia)3
2,938
2,720
8.0
Dividend (proposed)
318
304
4.6
1,741
550
216.5
Balance sheet
In millions of EUR
Total assets
20,180
20,5872
(2.0)
Equity attributable to equity
holders of the Company
5,351
4,471
19.7
Net debt
7,704
8,932
(13.7)
Market capitalisation
16,299
10,708
52.2
Results and balance sheet per share of EUR 1.60
Weighed average number
of shares-basic
488,666,607 488,930,340
(0.1)
Net profit
2.08
0.43
383.7
Net profit (beia)
2.16
2.07
4.3
Dividend (proposed)
0.65
0.62
4.8
Free operating cash flow
3.56
1.12
217.9
Equity attributable to equity
holders of the Company
10.95
9.14
19.8
33.27
21.90
51.9
Employees
In numbers
55,301
(5.4)
Ratios
EBIT as of revenue
12.0%
7.5%
60.0
EBIT as of total assets
8.7%
5.2%
67.3
Net profit as of average equity
attributable to equity holders of the Company
Net debt/EBITDA (beia)
Dividend payout
20.7%
2.62
30.1%
4.2%
3.28
30.0%
392.9
(20.1)
0.3
Cash conversion rate
147.7%
47.8%
209.0
5.2
(13.3)
Please refer to the 'Glossary'
for definitions.
2 Comparatives have been
adjusted due to the finalisation
of the purchase price
accounting of the Scottish
Newcastle acquisition.
3 'EBIT, EBIT (beia), net profit
(beia), EBITDA. EBITDA (beia)
and free operating cash flow'
are not financial measures
calculated in accordance with
IFRS. Accordingly, it should not
be considered as an alternative
to 'results from operating
activities' or 'profit' as
indicators of our performance,
or as an alternative to 'cash
flow from operating activities'
as a measure of our liquidity.
However, we believe that
'EBIT, EBIT (beia), net profit
(beia), EBITDA, EBITDA (beia)
and free operating cash flow'
are measures commonly used
by investors and as such useful
for disclosure. The presentation
on these financial measures
may not be comparable to
similarly titled measures
reported by other companies
due to differences in the ways
the measures are calculated.
For a reconciliation of'results
from operating activities',
'profit' and 'cash flow from
operating activities' to 'EBIT,
EBIT (beia), net profit (beia),
EBITDA, EBITDA (beia) and
free operating cash flow' we
refer to the financial review
on pages 49 to 53.
4 As at 31 December.
Annual Report 2009 - Heineken N.V.
