Q2 2024 Anheuser-Busch Inbev SA Earnings Call Transcript
Key Points
- EBITDA increased by 10.2% with margin expansion in all five operating regions.
- Underlying dollar EPS grew by 25%, indicating strong profitability.
- Revenue grew by 2.7% this quarter, with revenue per hectoliter increasing by 3.6%.
- Net leverage improved year-over-year to 3.42 times, showing better financial health.
- Strong performance in key markets like North America, Middle Americas, South America, Europe, and Africa, with record high volumes in some regions.
- Overall volume declined by 0.8%, primarily due to performance in Argentina and China.
- Revenue in China declined by 15.2% this quarter, impacted by a soft industry and adverse weather.
- Negative revenue per hectoliter in Europe due to geographic mix and phasing of promotional activities.
- Concerns about the weakening of the Brazilian real and the Mexican peso, which could impact future financial performance.
- Continued economic pressure and challenging consumer sentiment in China, affecting overall performance.
Welcome to AB InBev's second quarter 2024 earnings conference call and webcast. Hosting the call today from AB InBev are Mr. Michel Doukeris, Chief Executive Officer; and Mr. Fernando Tennenbaum, Chief Financial Officer.
To access the slides accompanying today's call, please visit AB InBev's website at www.ab-inbev.com and click on the Investors tab and the Reports and Results centers page. Today's webcast will be available for on-demand playback later today. (operator instructions)
Some of the information provided during the conference call may contain statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties.
It is possible that AB InBev's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. For discussion of some of the risks and important factors that
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