Anheuser-Busch InBev SA/NV (NYSE:BUD) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 09:00 am ET


Anheuser-Busch InBev SA/NV (NYSE:BUD) Q2 2020 Earnings Conference Call - Final Transcript


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Welcome to the Anheuser-Busch InBev's Second Quarter 2020 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr. Carlos Brito, Chief Executive Officer; and Mr. Fernando Tennenbaum, Chief Financial Officer. To access the slides accompanying today's call, please visit AB InBev's website at and click on the Investors tab and the Reports and Results Center page.

Today's webcast will be available for on-demand playback later today. At this time all participants have been placed in a listen-only mode, and the floor will be open for your questions following the presentation. [Operator Instructions]. Some of the information provided during the conference call may contain statements of future expectations and other forward-looking statements. These expectations are based on management's current views and assumptions and involve known and unknown risks and uncertainties. It is possible that AB InBev's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements.

For a discussion of some of the risks and important factors that could affect AB InBev's future results, see risk factors in the Company's latest annual report on Form 20-F filed with the Securities and Exchange Commission on the 23rd of March 2020. AB InBev assumes no obligation to update or revise any forward-looking information provided during the conference call and shall not be liable for any action taken in reliance upon such information.

It is now my pleasure to turn the floor over to Mr. Carlos Brito. Sir, you may begin.

Carlos Brito

Thank you, Maria, and good morning, good afternoon, everyone. Welcome to our second quarter and half year 2020 earnings call. I hope you and your families are safe and well. First and foremost, I'd like to extend our deepest sympathies to everyone who has been affected by COVID-19. I want to express our sincere gratitude to those on the front lines for their commitment to keeping us safe, particularly health care workers.

I'd like also to personally thank all of our colleagues for their dedication and efforts to ensure business continuity and a strong recovery. The COVID-19 pandemic has altered life as we know it. However, it has not changed our purpose at AB InBev, to bring people together for a better world, even if being together looks much different now.

Today, I will start by discussing initiatives we have implemented to ensure the health and safety of our people and support the communities in which we operate. Next, I will review the results of the second quarter and discuss the ways in which we're positioned for a strong recovery. I will then hand it over to Fernando to talk about our financials. We'll then be happy to answer your questions.

The health and safety of our people has been, and always will be our top priority. As more of our colleagues return to the workplace in markets where restrictions are being lifted, we have implemented rigorous safety measures such as strict sanitation practices, workplace capacity and social