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HEINEKEN MEDIA RELEASE Heineken N.V. reports 2021 half year results Amsterdam , 2 August 2021 KEY HIGHLIGHTS • " ■ - Heineken N.V. ( EURONEXT : HEIA ; OTCQX : HEINY ) announces : Net revenue ( beia ) € 9,971 million , + 14.1 % organic growth Net revenue ( beia ) organic growth per hectolitre + 5.5 % Consolidated beer volume organic growth + 9.6 % HeinekenⓇ volume + 19.6 % Operating profit ( beia ) organic growth + 109.3 % Net profit ( beia ) € 896 million , + 320.3 % organic growth Diluted EPS ( beia ) € 1.56 ( 2020 : € 0.39 ) EverGreen strategy deployment has started Full year expectations unchanged : financial results to remain below 2019 . CEO STATEMENT Dolf van den Brink , CEO and Chairman of the Executive Board , commented : " We are pleased to report a strong set of results for the first half year , whilst the pandemic continues to impact the world and our business . I would like to thank our teams for their resilience and continued focus on safety . They were fast to service our customers and consumers when markets reopened , yet remained agile where restrictions were reintroduced . Beer volume grew + 9.6 % , led by strong growth in HeinekenⓇ of 19.6 % with over 50 markets in double - digit growth . Our operating profit ( beia ) more than doubled driven by top - line leverage , continued cost mitigations and structural cost savings , further helped by the phasing of marketing and sales expenses into the second half . There is early momentum building towards EverGreen : we are strengthening our ability to drive consumer - centric innovation , building traction on our productivity programme and shaping our path to meet our Brew a Better World commitments . Yet there is reason for caution too . Firstly , COVID - 19 remains a factor , with the biggest impact currently in key markets in Asia and Africa . Secondly , we see a rise in commodity costs , which , at current levels , will start affecting us in the second half of this year and have a material effect in 2022. Overall , we expect full year financial results to remain below 2019. " FINANCIAL SUMMARY ' Total IFRS Measures BEIA Measures € million growth € million Organic growth² Revenue 11,970 7.3 % Revenue ( beia ) 11,970 13.1 % Net revenue 10,010 8.3 % Net revenue ( beia ) 9,971 14.1 % Operating profit 1,717 1,920.0 % Operating profit ( beia ) 1,628 109.3 % Operating profit ( beia ) margin 16.3 % Net profit 1,034 448.1 % Net profit ( beia ) 896 320.3 % Diluted EPS ( in € ) 1.80 446.2 % Diluted EPS ( beia ) ( in € ) 1.56 295.5 % Free operating cash flow 650 Net debt / EBITDA ( beia ) ³ 3.0x Consolidated figures are used throughout this report unless otherwise stated ; please refer to the Glossary for an explanation of non - GAAP measures and other terms used throughout this report . 3 Organic growth shown , except for Diluted EPS ( beia ) which is total growth . Includes acquisitions and excludes disposals on a 12 month pro - forma basis . P.O. Box 28- 1000 AA Amsterdam - The Netherlands Office address - Tweede Weteringplantsoen 21-1017 ZD Amsterdam Heineken N.V. - Registered Office at Amsterdam - Trade Register Amsterdam No. 33011433 Page 1 of 41