Our Key Figures
| Million USD, |
2005 | 2006 | 2007 | 2008 reported | 2008 combined | 2009 |
|---|---|---|---|---|---|---|
| Volumes (million hls) | 224 | 247 | 271 | 285 | 416 | 409 |
| Revenue | 14 577 | 16 692 | 19 735 | 23 507 | 39 158 | 36 758 |
| Normalized EBITDA | 4 175 | 5 313 | 6 826 | 7 811 | 12 067 | 13 037 |
| EBITDA | 3 916 | 5 296 | 7 280 | 7 252 | - | 14 387 |
| Normalized profit from operations | 3 050 | 4 043 | 5 361 | 5 898 | 9 122 | 10 248 |
| Normalized profit attributable to equity holders of Anheuser-Busch InBev | 1 281 | 1 909 | 2 547 | 2 511 | - | 3 927 |
| Profit attributable to equity holders of Anheuser-Busch InBev | 1 131 | 1 770 | 3 005 | 1 927 | - | 4 613 |
| Net financial debt | 5 741 | 7 326 | 7 497 | 56 660 | n.a. | 45 174 |
| Cash flow from operating activities | 3 008 | 4 122 | 5 557 | 5 533 | n.a. | 9 124 |
| Normalized earnings per share (USD)1 | 1.33 | 1.96 | 2.61 | 2.51 | - | 2.48 |
| Dividend per share (USD) | 0.57 | 0.95 | 3.67 | 0.35 | - | 0.55 |
| Dividend per share (euro) | 0.48 | 0.72 | 2.44 | 0.28 | - | 0.38 |
| Pay out ratio (%) | 28.5 | 29.0 | 79.3 | 26.3 | - | 21.34 |
| Weighted average number of ordinary shares (million shares)1 | 960 | 972 | 976 | 999 | - | 1 584 |
| Share price high (euro) | 23.4 | 31.2 | 43.1 | 39.1 | - | 36.8 |
| Share price low (euro) | 15.4 | 21.9 | 29.8 | 10.0 | - | 16.3 |
| Year-end share price (euro) | 23.0 | 31.2 | 35.6 | 16.6 | - | 36.4 |
| Market capitalization (million USD) | 26 482 | 40 285 | 51 552 | 36 965 | - | 84 110 |
| Market capitalization (million euro) | 22 448 | 30 589 | 35 019 | 26 561 | - | 58 386 |
1) In accordance with IAS 33, historical data per share has been adjusted for each of the years ended 31 December 2007, 2006 and 2005 by an adjustment ratio of 0.6252 as a result of the capital increase pursuant to the rights offering we completed in December 2008.
To facilitate the understanding of Anheuser-Busch InBev’s underlying performance, the comments in this management report, unless otherwise indicated, are based on organic and normalized numbers. Given the transformational nature of the transaction with Anheuser-Busch we are presenting in this management report the 2008 consolidated volumes and results up to EBIT on a combined basis (including financials of Anheuser-Busch for the 12 months of 2008 in the comparative base) and as such these financials are included in the organic growth calculations. The profit, cash flow and balance sheet are presented on a reported basis. Whenever used in this report, the term “normalized” refers to performance measures (EBITDA, EBIT, Profit, EPS) before non-recurring items. Non-recurring items are either income or expenses which do not occur regularly as part of the normal activities of the company. They are presented separately because they are important for the understanding of the underlying sustainable performance of the company due to their size or nature. Normalized measures are additional measures used by management and should not replace the measures determined in accordance with IFRS as an indicator of the company’s performance.
To facilitate the understanding of Anheuser-Busch InBev’s underlying performance, the comments in this management report, unless otherwise indicated, are based on organic and normalized numbers. Given the transformational nature of the transaction with Anheuser-Busch we are presenting in this management report the 2008 consolidated volumes and results up to EBIT on a combined basis (including financials of Anheuser-Busch for the 12 months of 2008 in the comparative base) and as such these financials are included in the organic growth calculations. The profit, cash flow and balance sheet are presented on a reported basis. Whenever used in this report, the term “normalized” refers to performance measures (EBITDA, EBIT, Profit, EPS) before non-recurring items. Non-recurring items are either income or expenses which do not occur regularly as part of the normal activities of the company. They are presented separately because they are important for the understanding of the underlying sustainable performance of the company due to their size or nature. Normalized measures are additional measures used by management and should not replace the measures determined in accordance with IFRS as an indicator of the company’s performance.