Heineken Holding NV, Q1 2013 Sales/ Trading Statement Call, Apr 24, 2013

Heineken Holding NV's Russian division is planning to complete negotiations with the potential buyer for Pivovarni Ivana Taranova PJSC by July 2013, said Heineken's spokesman to Interfax. The spokesman said, "This property will be divested in a direct sale, without an auction." The spokesman added that an auction on sale of the asset had been scheduled for March 29, 2013; however, the auction was preempted after Heineken found a potential buyer with whom it is now discussing the terms of sale.

Heineken Holding NV reported consolidated earnings results for the year ended December 31, 2012. For the period, the company reported revenue was €18,383 million against €17,123 million a year ago. Results from operating activities was €3,691 million against €2,215 million a year ago. Profit before income tax was €3,634 million against €2,025 million a year ago. Profit attributable to equity holders of the company was €1,477 million against €717 million a year ago. Diluted earnings per ordinary share were €5.13 against €2.49 a year ago. Cash flow from operating activities was €2,695 million against €2,911 million a year ago. Purchase of property, plant & equipment was €1,170 million against €800 million a year ago. Purchase of intangible assets was €78 million against €56 million a year ago. EBIT was €3,904 million against €2,455 million a year ago. Heineken expects the effective tax rate (beia) in 2013 to be in the range of 27% to 29% compared to 26.5% in 2012. The higher tax rate can be primarily explained by the result of favourable outcomes with tax authorities in 2012 and the full year consolidation of APB and APIPL in 2013 which is subject to a higher effective tax rate. Cash flow generation is expected to remain strong, further reducing the level of net debt. In 2013, capital expenditure related to property, plant and equipment is forecast to be €1.5 billion (2012: €1.2 billion) primarily reflecting the consolidation of APB and continued investment in higher growth markets to capture anticipated top-line growth. Heineken Holding N.V. proposes according to its articles of association, dividend per ordinary share. A final dividend of €0.56 per ordinary share of €1.60 nominal value will be payable on May 8, 2013. The ex-final dividend date for Heineken Holding N.V. shares will be April 29, 2013.