Heineken N.V. publishes combined pro forma financial information for APB and APIPL
(Thomson Reuters ONE) -
Amsterdam, 8 February 2013 - Heineken N.V. ('HEINEKEN') today announced that it
has substantially completed the provisional purchase price allocation of Asia
Pacific Breweries Limited ('APB') and the non-APB assets held by Asia Pacific
Investment Private Limited ('APIPL') (together 'the Acquired Businesses'), the
sole control of which was acquired on 15 November 2012 ('the Acquisition'):
· An unaudited provisional condensed opening balance sheet has been prepared as
at 15 November 2012. In addition, HEINEKEN has compiled unaudited, pro forma
condensed income information excluding exceptional items for the 12-month period
ended June 2012;
· Pro forma revenue of ?1,534 million and EBIT (beia) of ?419 million of the
Acquired Businesses for the 12-month period ending June 2012;
· The Acquisition is slightly EPS accretive to HEINEKEN in year 1;
· Recurring pre-tax cost synergies of approximately ?25 million have been
identified, phased broadly evenly in 2013 and 2014;
· Average acquisition financing costs are approximately 2.3%;
· The revaluation of HEINEKEN's previously held equity interest (PHEI) in the
Acquired Businesses, results in a pre-tax ?1.5 billion exceptional gain. This
non-cash item will be recognised in HEINEKEN's full year 2012 results;
· The acquisition of the 4.7% share in APB after 15 November 2012 will result in
an estimated negative impact on equity of ?246 million, of which ?151 million
will be reflected in HEINEKEN's 2012 balance sheet;
· Following closing of the Mandatory General Offer ('MGO') on 31 January 2013,
trading in APB shares has been suspended from 1 February 2013;
· On 8 February 2013, HEINEKEN owns 100% of APIPL and directly and indirectly
owns 99.6% of APB. The process of acquiring the remaining APB shares not already
owned by HEINEKEN by way of compulsory acquisition is expected to complete on or
around 18 February 2013. APB will then be delisted from the Singapore Stock
Exchange; and
· The integration of the Acquired Businesses into the HEINEKEN organisation is
progressing well and in line with management plans.
HEINEKEN will hold an analyst and investor conference call in relation to this
announcement today at 10:00 am CET. The call will be audio cast live via the
company's website at www.heinekeninternational.com/web+casts+ir.aspx, and will
be available for download afterwards. Analysts and investors can dial-in using
the following telephone numbers:
Netherlands: +31 45 6316902
United Kingdom: +44 207 153 2027
United States: +1 480 629 9726
Press enquiries
John Clarke
E-mail: john.g.clarke(at)heineken.com
Tel: +31-20-5239-355
John-Paul Schuirink
E-mail: john-paul.schuirink(at)heineken.com
Tel: +31-20-5239-355
Investor and analyst enquiries
George Toulantas
E-mail: investors(at)heineken.com
Tel: +31-20-5239-590
Lucia Bergamini
E-mail: investors(at)heineken.com
Tel: +31-20-5239-590
Editorial information:
HEINEKEN is a proud, independent global brewer committed to surprise and excite
consumers with its brands and products everywhere. The brand that bears the
founder's family name - Heineken® - is available in almost every country on the
globe and is the world's most valuable international premium beer brand. The
Company's aim is to be a leading brewer in each of the markets in which it
operates and to have the world's most valuable brand portfolio. HEINEKEN wants
to win in all markets with Heineken® and with a full brand portfolio in markets
of choice. The Company is present in over 70 countries and operates more than
160 breweries with volume of 214 million hectolitres of group beer sold.
HEINEKEN is Europe's largest brewer and the world's third largest by volume.
HEINEKEN is committed to the responsible marketing and consumption of its more
than 250 international premium, regional, local and specialty beers and ciders.
These include Heineken®, Amstel, Anchor, Biere Larue, Bintang, Birra Moretti,
Cruzcampo, Desperados, Dos Equis, Foster's, Newcastle Brown Ale, Ochota, Primus,
Sagres, Sol, Star, Strongbow, Tecate, Tiger and Zywiec. Our leading joint
venture brands include Cristal and Kingfisher. The number of people employed is
around 78,000. Heineken N.V. and Heineken Holding N.V. shares are listed on the
Amsterdam stock exchange. Prices for the ordinary shares may be accessed on
Bloomberg under the symbols HEIA NA and HEIO NA and on the Reuter Equities 2000
Service under HEIN.AS and HEIO.AS. Most recent information is available on
HEINEKEN's website: www.theHEINEKENcompany.com.
Disclaimer:
This press release contains forward-looking statements with regard to the
financial position and results of HEINEKEN's activities. These forward-looking
statements are subject to risks and uncertainties that could cause actual
results to differ materially from those expressed in the forward-looking
statements. Many of these risks and uncertainties relate to factors that are
beyond HEINEKEN's ability to control or estimate precisely, such as future
market and economic conditions, the behaviour of other market participants,
changes in consumer preferences, the ability to successfully integrate acquired
businesses and achieve anticipated synergies, costs of raw materials, interest-
rate and exchange-rate fluctuations, changes in tax rates, changes in law,
pension costs, the actions of government regulators and weather conditions.
These and other risk factors are detailed in HEINEKEN's publicly filed annual
reports. You are cautioned not to place undue reliance on these forward-looking
statements, which are only relevant as of the date of this press release.
HEINEKEN does not undertake any obligation to release publicly any revisions to
these forward-looking statements to reflect events or circumstances after the
date of these statements. Market share estimates contained in this press release
are based on outside sources, such as specialised research institutes, in
combination with management estimates.
Click here for the release incl. pro forma financial information:
http://hugin.info/130667/R/1676468/546433.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: HEINEKEN NV via Thomson Reuters ONE
[HUG#1676468]
Unternehmensinformation / Kurzprofil:
Datum: 08.02.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 227628
Anzahl Zeichen: 7422
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"Heineken N.V. publishes combined pro forma financial information for APB and APIPL"
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