Glossary
Acquisition-related intangible assets
Beia
Cash conversion ratio
Cash flow (used in)/from operational investing activities
Consolidation changes
Depletions
Dividend payout
Earnings per share ('EPS')
EBITDA
Effective tax rate
Eia
Exceptional items
Free operating cash flow
Net debt
Net profit
Net revenue
Organic growth
Organic volume growth
Profit
Region
O Q,
Introduction Report of the Executive Board Report of the Supervisory Board
Acquisition-related intangible assets are assets that HEINEKEN only recognises as part of a purchase price
allocation following an acquisition. This includes, among others, brands, customer-related and certain
contract-based intangibles.
Before exceptional items and amortisation of acquisition-related intangible assets.
Free operating cash flow/net profit (beia) before deduction of non-controlling interests.
This represents the total of cash flow from sale and purchase of property, plant and equipment and
intangible assets, proceeds and receipts of loans to customers and other investments.
Changes as a result of business combinations or disposals.
Sales by distributors to the retail trade.
Proposed dividend as percentage of net profit (beia).
Basic
Net profit divided by the weighted average number of shares - basic - during the year.
Diluted
Net profit divided by the weighted average number of shares - diluted - during the year.
Earnings before interest, taxes, net finance expenses, depreciation and amortisation. EBITDA includes
HEINEKEN's share in net profit of joint ventures and associates.
Income tax expense expressed as a percentage of the profit before income tax, adjusted for share of profit
of associates and joi nt ventures.
Financial Statements
Heineken N.V. Annual Report 2018
Sustainability Review
Other Information
Exceptional items and amortisation of acquisition-related intangible assets.
Items of income and expense of such size, nature or incidence, that in the view of management their
disclosure is relevant to explain the performance of HEINEKEN for the period.
This represents the total of cash flow from operating activities and cash flow from operational
investing activities.
Non-current and current interest bearing borrowings, bank overdrafts and commercial paper and market
value of cross-currency interest rate swaps less cash and cash equivalents.
Profit after deduction of non-controlling interests (profit attributable to shareholders' of the Company).
Revenue as defined in IFRS 15 (after discounts) minus the excise tax expense for those countries where the
excise is borne by HEINEKEN.
Growth excluding the effect of foreign currency translational effects, consolidation changes, exceptional
items and amortisation of acquisition-related intangible assets.
Growth in volume, excluding the effect of consolidation changes.
Total profit of HEINEKEN before deduction of non-controlling interests.
All brand names mentioned in this report, including those brand names not marked by an represent
registered trademarks and are legally protected.
A region is defined as HEINEKEN's managerial classification of countries into geographical units.
