Historical Summary Reportofthe Reportofthe Financial Other Contents Overview Executive Board Supervisory Board Statements Information 2015 2014 2013 20121 2011 Revenue and profit In millions of EUR Revenue 20,511 19,257 19,203 18,383 17,123 Results from operating activities 3,075 2,780 2,554 3,697 2,215 Results from operating activities (beia) 3,381 3,129 2,941 2,666 2,458 as of revenue 16.5 16.2 15.3 14.5 14.4 as of total assets 9.0 9.0 8.8 7.4 9.1 Net profit 1,892 1,516 1,364 2,914 1,430 Net profit (beia) 2,048 1,758 1,585 1,661 1,584 as of equity attributable to equity holders of the Company 15.1 14.2 13.9 14.2 16.2 Dividend proposed 741 632 512 512 477 as of net profit (beia) 36.2 35.9 32.3 30.8 30.1 Per share In millions of EUR Cash flow from operating activities 6.10 5.32 5.07 4.69 5.05 Net profit (beia) basic 3.58 3.06 2.76 2.89 2.71 Net profit (beia) diluted 3.57 3.05 2.75 2.88 2.7 Dividend proposed 1.30 1.10 0.89 0.89 0.83 Equity attributable to equity holders of the Company 23.65 21.58 19.83 20.41 16.702 Cash flow statement In millions of EUR Cash flow from operations 4,486 4,140 3,983 3,518 3,720 Cash flow related to interest, dividend and income tax (997) (1,082) (1,069) (823) (809) Cash flow from operating activities 3,489 3,058 2,914 2,695 2,911 Cash flow (used in)/from operational investing activities (1,797) (1,484) (1,396) (1,210) (818) Free operating cash flow 1,692 1,574 1,518 1,485 2,093 Cash flow (used in)/from acquisitions and disposals (267) (189) 555 (4,415) (937) Dividend paid (909) (723) (710) (604) (580) Cash flow (used in)/from financing activities, excluding dividend (264) (1,730) (1,042) 3,660 (454) Net cash flow 252 (1,068) 321 126 122 Cash conversion rate 73.3% 78.9% 84.0% 81.5% 122.1% Financing ratios Net debt/EBITDA (beia) 2.44 2.503 2.58 3.09 2.27 1 Restated for the revised IAS 19 as implemented in 2013 and finalisation of the purchase price allocation for APB. 2 Including the effect of the Allotted Share Delivery Instrument (ASDI) as included in the Annual Report 2011 3 Revised for the change in definition of net debt in 2015. 151 Heineken N.V. Annual Report 2015

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2015 | | pagina 152