g Historical Summary O Q, Introduction Report of the Executive Board Report of the Supervisory Board 2018 2017 2016 2015 2014 Revenue and profit In millions of Revenue1 26,811 25,843 20,792 20,511 19,257 Net revenue2 22,471 21,609 N/A N/A N/A Operating profit 3,137 3,352 2,755 3,075 2,780 Operating profit (beia) 3,868 3,759 3,540 3,381 3,129 as of net revenue2 17.2 17.4 17.0 16.5 16.2 as of total assets 9.2 9.2 9.0 00 !r> 9.0 Net profit 1,903 1,935 1,540 1,892 1,516 Net profit (beia) 2,424 2,247 2,098 2,048 1,758 as of shareholders' equity 16.9 16.9 15.8 15.1 14.2 Dividend (proposed) 912 838 763 741 632 as of net profit (beia) 37.6 37.3 36.4 36.2 35.9 Per share In Cash flow from operating activities 7.70 6.81 6.53 6.10 5.32 Net profit (beia) - basic 4.25 3.94 3.68 3.58 3.06 Net profit (beia) - diluted 4.25 3.94 3.68 3.57 3.05 Dividend (proposed) 1.60 1.47 1.34 1.30 1.10 Shareholders' equity 25.18 23.37 23.24 23.65 21.58 Heineken N.V. Annual Report 2018 Financial Statements Sustainability Review Other Information 2018 2017 2016 2015 2014 Cash flow statement In millions of Cash flow from operations 5,540 4,924 4,720 4,486 4,140 Cash flow related to interest, dividend and income tax (1,152) (1,042) (1,002) (997) (1,082) Cash flow from operating activities 4,388 3,882 3,718 3,489 3,058 Cash flow (used in)/from operational investing activities (2,142) (1,851) (1,945) (1,797) (1,484) Free operating cash flow 2,246 2,031 1,773 1,692 1,574 Cash flow (used in)/from acquisitions and disposals (213) (1,114) (62) (267) (189) Dividends paid (1,090) (1,011) (1,031) (909) (723) Cash flow (used in)/from financing activities, excluding dividend 123 45 359 (264) (1,730) Net cash flow 1,066 (49) 1,039 252 (1,068) Cash conversion ratio 84.2% 81.1% 75.0% 73.3% 78.9% Financing ratios Net debt/EBITDA (beia) 2.3 2.5 2.3 2.4 2.54 1 2017 revenue has been restated due to changes in accounting policy on revenue (IFRS 15). 2 'Net revenue' was introduced in 2017 due to changes in accounting policy on revenue (IFRS 15). 3 Comparative figure for 2015 has been revised to reflect the change in accounting policy on netting cash and overdraft balances in cash pooling arrangements with legally enforceable rights to offset. 4 Revised for the change in definition of net debt in 2015.

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2018 | | pagina 168