O A Key figures1 Consolidated results Balance sheet Per share Employees Ratios Report of the Executive Board Report of the Supervisory Board In millions of 2018 2017 Change in Revenue2 26,811 25,843 3.7% Revenue (beia)2 26,811 25,863 3.7% Net Revenue3 22,471 21,609 4.0% Net Revenue (beia)3 22,471 21,629 3.9% Operating profit 3,137 3,352 (6.4)% Operating profit (beia) 3,868 3,759 2.9% Net profit 1,903 1,935 (1.6)% Net profit (beia) 2,424 2,247 7.9% EBITDA 5,040 4,949 1.8% EBITDA (beia) 5,235 5,115 2.3% Dividend (proposed) 912 838 8.8% Free operating cash flow 2,246 2,031 10.6% In millions of 2018 2017 Change in Total assets 41,956 41,034 2.2% Shareholders' equity 14,358 13,321 7.8% Net debt position 12,081 12,879 (6.2)% Market capitalisation 44,055 49,607 (11.2)% 1 (beia) is before exceptional items and amortisation of acquisition-related intangible assets. Please refer to the Glossary section for an explanation of non-GAAP measures and other terms used throughout this report. 2 2017 revenue has been restated due to changes in accounting policy on revenue (IFRS 15). 3 Net revenue was introduced in 2017 due to changes in accounting policy on revenue (IFRS 15). Financial Statements Sustainability Review Heineken N.V. Annual Report 2018^ 0 Other Information 2018 2017 Change in Weighted average number of shares - basic 570,146,069 570,074,335 0% Net profit 3.34 3.39 (1.5)% Net profit (beia) 4.25 3.94 7.9% Dividend (proposed) 1.60 1.47 8.8% Free operating cash flow 3.94 3.56 10.7% Shareholders' equity 25.18 23.37 7.7% Share price 77.20 86.93 (11.2)% Weighted average number of shares - diluted 570,663,632 570,652,111 0% Net profit (beia) - diluted 4.25 3.94 7.8% 2018 2017 Change in Average number of employees (FTE) 85,610 80,425 6.4% 2018 2017 Change in Operating profit (beia) as a of net revenue3 17.2% 17.4% -17 bps Net profit as of average equity attributable to equity holders of the Company 13.8% 14.6% (5.5)% Net debt/EBITDA (beia) 2.3 2.5 (8.3)% Dividend payout 37.6% 37.3% 0.9% Cash conversion ratio 84.2% 81.1% 3.7%

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2018 | | pagina 6