Amsterdam, 24 October 2018 - Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) today publishes its trading update for the third quarter of 2018.

KEY HIGHLIGHTS
Consolidated beer volume +4.6% organically, with growth in all regions.
Heineken® volume +9.2% with double digit growth in Africa, Middle East & Eastern Europe and the Americas.
CEO STATEMENT

Jean-François van Boxmeer, Chairman of the Executive Board & CEO, commented:

"Volume growth continued in the third quarter, benefiting from good weather in Europe and strong growth in Brazil, Mexico, Vietnam and South Africa. The Heineken® brand continued to outperform, driven by Brazil, South Africa, France and Russia. In August, we announced the signing of non-binding agreements with China Resources to join forces to win in China. Our expectations for the full year 2018 remain unchanged."

THIRD QUARTER AND NINE MONTHS VOLUME BREAKDOWN
Consolidated beer volume 1)
(in mhl or %)
3Q18 Total growth % Organic growth % YTD 3Q18 Total growth % Organic growth %
Heineken N.V. 62.6 4.4 4.6 175.3 8.7 4.5
Africa, Middle East & Eastern Europe 10.4 2.3 3.1 30.5 3.3 4.7
Americas 21.6 8.1 8.1 61.2 21.5 6.9
Asia Pacific 7.1 3.7 4.8 21.2 9.0 10.1
Europe 23.5 2.2 2.2 62.4 0.7 0.7

Heineken®(in mhl or %)
3Q18 Organic growth % YTD 3Q18 Organic growth %
Heineken® 10.3 9.2 28.8 8.1
Africa, Middle East & Eastern Europe 1.6 17.1 4.5 26.0
Americas 3.0 14.7 8.5 10.7
Asia Pacific 1.5 -6.4 4.6 -1.5
Europe 4.1 9.0 11.2 4.3

Heineken® volume grew by 9.2%. Key markets contributing with double digit growth included Brazil, South Africa, France, Russia, the UK, Poland, Canada and Mexico. Volume in Asia Pacific declined mainly due to Vietnam, Thailand and Taiwan.

1 Refer to the Definitions section for an explanation of organic growth.

REGIONAL REVIEW
Africa, Middle East & Eastern Europe

Consolidated beer volume grew organically by 3.1%.
In Nigeria beer volume declined high-single digit, driven by increased competitive pressure.
In Russia beer volume was up mid-single digit, driven by the continued strong growth of our economy brands portfolio and Heineken®.
In South Africa total volume showed strong double digit growth, driven by Heineken® and Strongbow brand momentum and an increase in promotional activity.
Ethiopia delivered high-single digit beer volume growth despite increased competitive pressure and some social unrest in parts of the country.
In Egypt beer volume was up double digit, driven by increased tourism and a more stable economic environment.
In the DRC the decline in beer volume moderated to mid-single digit as the business laps prior year price increases.
Americas

Consolidated beer volume grew organically by 8.1%.
In Mexico beer volume was up high-single digit, driven by increased promotional activity. Heineken® and Dos Equis continued to grow double digit.
Brazil sustained its double digit beer volume growth, driven by the premium portfolio led by Heineken®, and the mainstream portfolio with both Amstel and Devassa.
Beer volume in the USA was broadly flat, with Heineken® and Lagunitas growing low-single digit. Heineken® benefited from shipments phasing between June and July.
Asia Pacific

Consolidated beer volume was up organically by 4.8%.
In Vietnam beer volume continued to grow double digit, driven by Tiger and Larue.
In Indonesia beer volume was up high-single digit driven by sustained economic growth.
In Cambodia beer volume declined mid-single digit due to intensified market competition through price promotion.
Europe

Consolidated beer volume grew organically by 2.2%.
In the UK total volumes were up mid-single digit driven by Heineken® and our international brands portfolio.
In France and the Netherlands beer volumes were up double digit, benefiting from warmer temperatures.
Performance in Italy continued to be strong with beer volume up high-single digit, led by Heineken® and Ichnusa.
In Poland and Spain beer volumes declined low-single digit.

REPORTED NET PROFIT

Reported net profit for the nine months was €1,606 million (2017: €1,486 million).

TRANSLATIONAL CURRENCY UPDATE

Using spot rates as at 16 October 2018 for the remainder of this year, the calculated negative currency translational impact would be approximately €175 million (vs €179m on 24 July) at consolidated operating profit level (beia), and negative €110 million (vs €112m on 24 July) at net profit level (beia).

PROPOSED STRATEGIC PARTNERSHIP WITH CHINA RESOURCES

On 3 August 2018, HEINEKEN announced that it had signed non-binding agreements with China Resources Enterprise, Limited ('CRE') and China Resources Beer (Holdings) Co. Ltd. ('CR Beer') to create a long-term strategic partnership for Mainland China, Hong Kong and Macau. All parties continue to work towards signing definitive agreements and will share further updates as they develop.

FINANCING UPDATE
On 3 September 2018, HEINEKEN placed €600 million of 8.5-year Notes with a coupon of 1.25% and €650 million of 12.5-year Notes with a coupon of 1.75%. The Notes have been issued under the Company's Euro Medium Term Note Programme and are listed on the Luxembourg Stock Exchange.

The proceeds from the Notes issuance are to be used for general corporate purposes, which may include repayment of debt and/or acquisitions.

DEFINITIONS
Organic growth in volume excludes the effect of consolidation changes. For a full list of definitions see the Heineken N.V. HY2018 results published on 30 July 2018.


Heineken Holding N.V. reports on 2018 third quarter trading


Amsterdam, 24 October 2018 - Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) today publishes its trading update for the third quarter of 2018.
KEY HIGHLIGHTS
Consolidated beer volume +4.6% organically, with growth in all regions.
Heineken® volume +9.2% with double digit growth in Africa, Middle East & Eastern Europe and the Americas.
Expectations for the full year 2018 remain unchanged.

Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.

THIRD QUARTER AND NINE MONTHS VOLUME BREAKDOWN

Consolidated beer volume1
(in mhl or %)
3Q18 Total growth % Organic growth % YTD 3Q18 Total growth % Organic growth %
Consolidated beer volume 62.6 4.4 4.6 175.3 8.7 4.5

Heineken® (in mhl or %)
3Q18 Organic growth % YTD 3Q18 Organic growth %
Heineken® 10.3 9.2 28.8 8.1

Heineken® volume grew by 9.2%. Key markets contributing with double digit growth included Brazil, South Africa, France, Russia, the UK, Poland, Canada and Mexico. Volume in Asia Pacific declined mainly due to Vietnam, Thailand and Taiwan.

1 Refer to the Definitions section for an explanation of organic growth.

REPORTED NET PROFIT OF HEINEKEN N.V.
Reported net profit of Heineken N.V. for the nine months was €1,606 million (2017: €1,486 million).

TRANSLATIONAL CURRENCY UPDATE
Using spot rates as at 16 October 2018 for the remainder of this year, the calculated negative currency translational impact would be approximately €175 million (vs €179m on 24 July) at consolidated operating profit level (beia), and negative €110 million (vs €112m on 24 July) at net profit level (beia).

PROPOSED STRATEGIC PARTNERSHIP WITH CHINA RESOURCES
On 3 August 2018, HEINEKEN announced that it had signed non-binding agreements with China Resources Enterprise, Limited ('CRE') and China Resources Beer (Holdings) Co. Ltd. ('CR Beer') to create a long-term strategic partnership for Mainland China, Hong Kong and Macau. All parties continue to work towards signing definitive agreements and will share further updates as they develop.


FINANCING UPDATE
On 3 September 2018, HEINEKEN placed €600 million of 8.5-year Notes with a coupon of 1.25% and €650 million of 12.5-year Notes with a coupon of 1.75%. The Notes have been issued under the Company's Euro Medium Term Note Programme and are listed on the Luxembourg Stock Exchange.

The proceeds from the Notes issuance are to be used for general corporate purposes, which may include repayment of debt and/or acquisitions.

DEFINITIONS
Organic growth in volume excludes the effect of consolidation changes.

HEINEKEN means Heineken Holding N.V., Heineken N.V., its subsidiaries and interests in joint ventures and associates.

For a full list of definitions see the Heineken Holding N.V. HY2018 results published on 30 July 2018.


tijd 09.05
Heineken EUR 77,98 -44ct vol. 34.134