XML 88 R74.htm IDEA: XBRL DOCUMENT v3.22.4
SEGMENT REPORTING - Reportable Segments (Details) - BRL (R$)
R$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
IfrsStatementLineItems [Line Items]      
Net sales R$ 79,708.8 R$ 72,854.3 R$ 58,379.0
Cost of sales (40,422.1) (35,659.7) (27,066.1)
Gross profit 39,286.7 37,194.6 31,312.9
Distribution expenses (11,395.3) (9,932.7) (8,245.0)
Sales and marketing expenses (7,337.4) (7,035.5) (6,374.6)
Administrative expenses (5,236.8) (4,877.4) (2,948.5)
Other operating income/(expenses) 2,513.9 2,124.1 2,679.4
Exceptional items (143.3) (392.8) (452.0)
Income from operations 17,687.8 17,080.3 15,972.2
Net finance costs (3,423.1) (3,205.4) (2,434.5)
Share of results of joint ventures (29.1) (115.7) (43.3)
Income before income tax 14,235.6 13,759.2 13,494.4
Income tax expense 655.6 (636.6) (1,762.5)
Net income 14,891.2 13,122.6 11,731.9
EBITDA  [1] 23,615.0 22,361.3 21,096.1
Depreciation, amortization and impairment R$ (5,956.3) R$ (5,396.7) R$ (5,167.4)
EBITDA margin as a % [1] 29.60% 30.70% 36.10%
Acquisition of property, plant and equipment R$ 6,533.1 R$ 7,677.1 R$ 4,692.7
Total assets 137,958.0 138,602.5 125,196.3
Total liabilities 137,958.0 138,602.5 125,196.3
Operating segments [member]      
IfrsStatementLineItems [Line Items]      
Total assets 110,877.2 109,560.9 96,190.7
Total liabilities 46,148.5 47,025.7 40,559.8
Elimination of intersegment amounts [member]      
IfrsStatementLineItems [Line Items]      
Total assets (2,533.0) (2,868.5) (2,187.6)
Total liabilities (2,534.2) (2,869.1) (2,187.4)
Unallocated amounts [member]      
IfrsStatementLineItems [Line Items]      
Total assets 29,613.8 31,910.1 31,193.2
Total liabilities 94,343.7 94,445.9 86,823.9
Brazil 1 [Member]      
IfrsStatementLineItems [Line Items]      
Net sales 42,635.8 35,586.5 30,196.5
Cost of sales (22,736.8) (18,309.1) (14,112.9)
Gross profit 19,899.0 17,277.4 16,083.6
Distribution expenses (6,111.1) (5,123.1) (4,241.9)
Sales and marketing expenses (4,065.0) (3,440.3) (3,444.1)
Administrative expenses (3,346.0) (3,006.2) (1,629.6)
Other operating income/(expenses) 2,361.3 2,096.0 2,887.2
Exceptional items (34.5) (210.1) (173.8)
Income from operations 8,703.7 7,593.7 9,481.4
Net finance costs (1,110.3) (858.1) (663.9)
Share of results of joint ventures (38.3) (11.7) (7.2)
Income before income tax 7,555.1 6,723.9 8,810.3
Income tax expense 2,787.7 1,953.2 (203.1)
Net income 10,342.8 8,677.1 8,607.2
EBITDA  [1] 12,028.8 10,564.3 12,388.7
Depreciation, amortization and impairment R$ (3,363.4) R$ (2,982.3) R$ (2,914.5)
EBITDA margin as a % [1] 28.20% 29.70% 41.00%
Acquisition of property, plant and equipment R$ 4,062.9 R$ 4,645.1 R$ 3,114.9
Brazil 1 [Member] | Beer [Member]      
IfrsStatementLineItems [Line Items]      
Net sales 35,857.9 30,537.1 25,953.0
Cost of sales (18,765.3) (15,382.0) (11,941.7)
Gross profit 17,092.6 15,155.1 14,011.3
Distribution expenses (4,988.6) (4,263.1) (3,529.2)
Sales and marketing expenses (3,596.8) (3,096.2) (3,008.9)
Administrative expenses (2,928.8) (2,616.1) (1,395.1)
Other operating income/(expenses) 1,884.5 1,711.3 2,380.3
Exceptional items (30.6) (202.0) (173.8)
Income from operations 7,432.3 6,689.0 8,284.6
Net finance costs (1,110.3) (858.1) (663.9)
Share of results of joint ventures (38.3) (11.7) (7.2)
Income before income tax 6,283.7 5,819.2 7,613.5
Income tax expense 2,787.7 1,953.2 (203.1)
Net income 9,071.4 7,772.4 7,410.4
EBITDA  [2] 10,332.9 9,302.4 10,830.8
Depreciation, amortization and impairment R$ (2,938.9) R$ (2,625.1) R$ (2,553.4)
EBITDA margin as a % [2] 28.80% 30.50% 41.70%
Brazil 1 [Member] | N A B [Member]      
IfrsStatementLineItems [Line Items]      
Net sales R$ 6,777.9 R$ 5,049.4 R$ 4,243.5
Cost of sales (3,971.5) (2,927.1) (2,171.2)
Gross profit 2,806.4 2,122.3 2,072.3
Distribution expenses (1,122.5) (860.0) (712.7)
Sales and marketing expenses (468.2) (344.1) (435.2)
Administrative expenses (417.2) (390.1) (234.5)
Other operating income/(expenses) 476.8 384.7 506.9
Exceptional items (3.9) (8.1) (0.0)
Income from operations 1,271.4 904.7 1,196.8
Net finance costs (0.0) (0.0) (0.0)
Share of results of joint ventures (0.0) (0.0) (0.0)
Income before income tax 1,271.4 904.7 1,196.8
Income tax expense 0.0 0.0 0.0
Net income 1,271.4 904.7 1,196.8
EBITDA  [2] 1,695.9 1,261.9 1,557.9
Depreciation, amortization and impairment R$ (424.5) R$ (357.2) R$ (361.1)
EBITDA margin as a % [2] 25.00% 25.00% 36.70%
Brazil 1 [Member] | Operating segments [member]      
IfrsStatementLineItems [Line Items]      
Total assets R$ 57,353.8 R$ 54,609.4 R$ 48,970.2
Total liabilities 29,153.2 27,611.2 25,032.6
C A C [Member]      
IfrsStatementLineItems [Line Items]      
Net sales [3] 9,440.1 9,947.4 7,319.3
Cost of sales [3] (4,860.8) (4,727.9) (3,307.5)
Gross profit [3] 4,579.3 5,219.5 4,011.8
Distribution expenses [3] (1,020.7) (872.7) (751.5)
Sales and marketing expenses [3] (645.5) (693.3) (542.4)
Administrative expenses [3] (333.6) (427.7) (305.0)
Other operating income/(expenses) [3] (52.9) 12.4 (23.5)
Exceptional items [3] (16.1) (46.7) (70.5)
Income from operations [3] 2,510.5 3,191.5 2,318.9
Net finance costs [3] (50.0) (80.1) 9.8
Share of results of joint ventures [3] 0.1 (79.7) (4.9)
Income before income tax [3] 2,460.6 3,031.7 2,323.8
Income tax expense [3] (771.2) (1,301.7) (713.2)
Net income [3] 1,689.4 1,730.0 1,610.6
EBITDA  [1],[3] 3,315.6 3,789.2 2,995.0
Depreciation, amortization and impairment [3] R$ (805.0) R$ (677.4) R$ (681.0)
EBITDA margin as a % [1],[3] 35.10% 38.10% 40.90%
Acquisition of property, plant and equipment [3] R$ 968.4 R$ 801.6 R$ 492.3
C A C [Member] | Operating segments [member]      
IfrsStatementLineItems [Line Items]      
Total assets 15,385.6 15,351.9 13,521.4
Total liabilities 5,098.0 5,414.4 4,114.2
South Latin America Segment [Member]      
IfrsStatementLineItems [Line Items]      
Net sales [4] 17,371.2 16,571.7 11,560.8
Cost of sales [4] (8,553.1) (8,235.7) (5,937.4)
Gross profit [4] 8,818.1 8,336.0 5,623.4
Distribution expenses [4] (2,159.5) (2,010.1) (1,492.8)
Sales and marketing expenses [4] (1,426.9) (1,542.9) (1,165.6)
Administrative expenses [4] (835.0) (832.0) (574.9)
Other operating income/(expenses) [4] 192.7 38.8 (159.9)
Exceptional items [4] (60.5) (115.4) (145.7)
Income from operations [4] 4,528.9 3,874.4 2,084.5
Net finance costs [4] (1,933.2) (2,177.8) (1,731.4)
Share of results of joint ventures [4] (0.0) (0.0) (0.0)
Income before income tax [4] 2,595.7 1,696.6 353.1
Income tax expense [4] (672.9) (509.4) (118.4)
Net income [4] 1,922.8 1,187.2 234.7
EBITDA  [1],[4] 5,725.4 5,071.4 3,182.6
Depreciation, amortization and impairment [4] R$ (1,196.5) R$ (1,197.0) R$ (1,098.1)
EBITDA margin as a % [1],[4] 33.00% 30.60% 27.50%
Acquisition of property, plant and equipment [4] R$ 1,112.8 R$ 1,665.4 R$ 621.8
South Latin America Segment [Member] | Operating segments [member]      
IfrsStatementLineItems [Line Items]      
Total assets 22,044.5 21,583.0 17,211.2
Total liabilities 6,843.6 7,843.6 5,156.4
Canada Segment [Member]      
IfrsStatementLineItems [Line Items]      
Net sales 10,261.7 10,748.7 9,302.4
Cost of sales (4,271.4) (4,387.0) (3,708.3)
Gross profit 5,990.3 6,361.7 5,594.1
Distribution expenses (2,104.0) (1,926.8) (1,758.8)
Sales and marketing expenses (1,200.0) (1,359.0) (1,222.5)
Administrative expenses (722.2) (611.5) (439.0)
Other operating income/(expenses) 12.8 (23.1) (24.4)
Exceptional items (32.2) (20.6) (62.0)
Income from operations 1,944.7 2,420.7 2,087.4
Net finance costs (329.6) (89.4) (49.0)
Share of results of joint ventures 9.1 (24.3) (31.2)
Income before income tax 1,624.2 2,307.0 2,007.2
Income tax expense (688.0) (778.7) (727.8)
Net income 936.2 1,528.3 1,279.4
EBITDA  [1] 2,545.2 2,936.4 2,529.8
Depreciation, amortization and impairment R$ (591.4) R$ (540.0) R$ (473.6)
EBITDA margin as a % [1] 24.80% 27.30% 27.20%
Acquisition of property, plant and equipment R$ 389.0 R$ 565.0 R$ 463.7
Canada Segment [Member] | Operating segments [member]      
IfrsStatementLineItems [Line Items]      
Total assets 16,093.3 18,016.6 16,487.9
Total liabilities R$ 5,053.7 R$ 6,156.5 R$ 6,256.6
[1] From 2021 onwards, the Adjusted EBITDA metric was changed to EBITDA, for presentation purposes, including for comparative purposes.
[2] From 2021 onwards, the Adjusted EBITDA metric was changed to EBITDA, for presentation purposes, including for comparative purposes.
[3] CAC: includes the Dominican Republic, Panama, Guatemala, Cuba, Barbados, Saint Vincent, Dominica, Nicaragua, Honduras and Antigua.
[4] Latin America - South: includes operations in Argentina, Bolivia, Chile, Paraguay and Uruguay.