Acceleration Plan
or weakening of, economic, social and other conditions in the markets in which we do business; loss,
operational disruptions or closure of a major brewery or other key facility; cybersecurity incidents impacting
our information systems, and violations of data privacy laws and regulations; our reliance on brand image,
reputation, product quality and protection of intellectual property; constant evolution of the global beer industry
and the broader alcohol industry, and our position within the global beer industry and success of our product in
our markets; competition in our markets; our ability to successfully and timely innovate beyond beer; changes
in the social acceptability, perceptions and the political view of the beverage categories in which we operate;
labor strikes, work stoppages or other employee-related issues; ESG issues; climate change and other weather
events; inadequate supply or availability of quality water; our dependence on key personnel; our reliance on
third party service providers and internal and outsourced systems; impacts related to the coronavirus pandemic;
our significant debt level subjects us to financial and operating risks, and the agreements governing such debt,
which subject us to financial and operating covenants and restrictions; deterioration in our credit rating;
impairments of the carrying value of our goodwill and other intangible assets; the estimates and assumptions on
which our financial projections are based may prove to be inaccurate; our reliance on a small number of
suppliers to obtain the input materials we need to operate our business; termination or changes of one or more
manufacturer, distribution or production agreements, or issues caused by our dependence on the parties to these
agreements; unfavorable outcomes of legal or regulatory matters; our operations in developing and emerging
markets; changes to the regulation of the distribution systems for our products; our consolidated financial
statements are subject to fluctuations in foreign exchange rates; changes in tax, environmental, trade or other
regulations or failure to comply with existing licensing, trade and other regulations; risks associated with
operating our joint ventures; failure to successfully identify, complete or integrate attractive acquisitions and
joint ventures into our existing operations; and other risks discussed in our filings with the SEC, including our
most recent Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. All forward-looking
statements in this press release are expressly qualified by such cautionary statements and by reference to the
underlying assumptions. You should not place undue reliance on forward-looking statements, which speak only
as of the date they are made. We do not undertake to update forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.
NON-GAAP MEASURES
In addition to financial measures presented on the basis of accounting principles generally accepted in the U.S.
("U.S. GAAP"), we also use non-GAAP financial measures, as listed and defined below, for operational and
financial decision making and to assess Company and segment business performance. These non-GAAP
measures should be viewed as supplements to (not substitutes for) our results of operations presented under U.S.
GAAP. We have provided reconciliations of all historical non-GAAP measures to their nearest U.S. GAAP
measure and have consistently applied the adjustments within our reconciliations in arriving at each non-GAAP
measure.
Our management uses these metrics to assist in comparing performance from period to period on a consistent
basis; as a measure for planning and forecasting overall expectations and for evaluating actual results against
such expectations; in communications with the board of directors, stockholders, analysts and investors
concerning our financial performance; as useful comparisons to the performance of our competitors; and as
metrics of certain management incentive compensation calculations. We believe these measures are used by,
and are useful to, investors and other users of our financial statements in evaluating our operating performance.View entire presentation