DOCSLIB.ORG

Q3 2015 Molson Coors Brewing Company Earnings Conference Call on November 05, 2015 / 4:00PM

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Q3 2015 Molson Coors Brewing Company Earnings Conference Call on November 05, 2015 / 4:00PM THOMSON REUTERS STREETEVENTS EDITED TRANSCRIPT TAP - Q3 2015 Molson Coors Brewing Company Earnings Conference Call EVENT DATE/TIME: NOVEMBER 05, 2015 / 4:00PM GMT OVERVIEW: TAP reported 3Q15 YoverY reported net sales decline of 12.9%. THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us ©2015 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. NOVEMBER 05, 2015 / 4:00PM, TAP - Q3 2015 Molson Coors Brewing Company Earnings Conference Call CORPORATE PARTICIPANTS Dave Dunnewald Molson Coors Brewing Company - Global VP of IR Mark Hunter Molson Coors Brewing Company - President and CEO, Molson Coors Brewing Company Gavin Hattersley Molson Coors Brewing Company - CFO, Molson Coors & CEO, Miller Coors Simon Cox Molson Coors Brewing Company - CEO, Molson Coors Europe Stewart Glendinning Molson Coors Brewing Company - CEO, Molson Coors Canada Kandy Anand Molson Coors Brewing Company - CEO, Molson Coors International CONFERENCE CALL PARTICIPANTS Vivien Azer Cowen and Company - Analyst Ian Shackleton Nomura International - Analyst Judy Hong Goldman Sachs - Analyst John Faucher JPMorgan - Analyst Philippe Gruson MFUG - Analyst Bryan Spillane BofA Merrill Lynch - Analyst Mark Swartzberg Stifel Nicolaus - Analyst Rob Ottenstein Evercore ISI - Analyst Brett Cooper Consumer Edge Research - Analyst Pablo Zuanic Susquehanna Capital - Analyst Andrew Holland Societe Generale - Analyst PRESENTATION Operator Good morning. And welcome to the Molson Coors Brewing Company's third-quarter 2015 earnings conference call. Now I will turn the call over to Dave Dunnewald, Global Vice President of Investor Relations for Molson Coors. Dave Dunnewald - Molson Coors Brewing Company - Global VP of IR Thank you, Leeanne, and good morning to everyone on our earnings conference call today. Before we begin, I want to paraphrase the Company's Safe Harbor language. Some of our discussions today may include forward-looking statements. Actual results could differ materially from what we project today, so please refer to our most recent 10K and 10-Q filings for a more complete description of factors that could affect these projections. Our Company does not undertake to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements which speak only as of the date they are made. Regarding any non-US GAAP measures that may be discussed during the call today and from time to time by the Company's executives in discussing our performance, please visit the Company's website www.MolsonCoors.com and click on the financial reporting tab of the Investor Relations page for a reconciliation of these measures to the nearest US GAAP results. Also, unless otherwise indicated, all financial results the Company discusses are versus the comparable prior-year period and in US dollars. 2 THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us ©2015 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. NOVEMBER 05, 2015 / 4:00PM, TAP - Q3 2015 Molson Coors Brewing Company Earnings Conference Call As you know, Anheuser Busch InBev announced yesterday a further extension of its possible offer for all of the outstanding share capital of SAB Miller and there has been some related press speculation that mentions Molson Coors. As a matter of policy, Molson Coors does not comment on market rumors and we will not be discussing the AB InBev SAB Miller situation on our call this morning, including during the Q&A session at the end. We will devote our time this morning to our third quarter financial results and outlook for the balance of 2015. Now I'd like to turn the call over to Mark Hunter, President and CEO of Molson Coors. Mark Hunter - Molson Coors Brewing Company - President and CEO, Molson Coors Brewing Company Thanks, Dave. Hello, and welcome everybody to the Molson Coors earnings call. We really appreciate your joining us today. With me on the call this morning I have Gavin Hattersley, the CFO of Molson Coors and the CEO of MillerCoors; Stewart Glendinning, our Canada CEO; Simon Cox, our CEO of Europe; Kandy Anand, our International CEO; Sam Walker, our Chief Legal and People Officer; Brian Tabolt, our controller; and, obviously, Dave Dunnewald, who you just heard from, our VP of Investor Relations. In the third quarter, our worldwide volume increased 0.7% driven by strong growth in Europe and international. Underlying earnings were lower due to unfavorable foreign currency, increased brand investment and the termination of our Miller brands agreement in Canada and the Modello brands and Heineken Brewing contracts in the UK earlier this year. We increased gross margins on a consolidated business basis driven by the US and Europe. We invested more in our brands in all of our businesses except international where lower marketing was primarily due to the substantial restructuring of our China business this year. In the quarter, we continued to transform our portfolios towards above premium, craft and cider. We expanded the depth and reach of our international brands in fast- growing markets and we increased our commercial capability. We also continued to drive meaningful cash generation and disciplined cash and capital allocation. More specifically, in the US MillerCoors achieved its best quarterly performance in premium lights in three years as both Coors Light and Miller Lite built momentum and grew share of the segment. We continued to roll out Coors Light's new visual identity and Miller Lite launched its [steiny] bottle and grew quarterly volume for the second time in the past year. Outside of the US and Canada, Coors Light grew strongly. And we'll soon launch our largest global brand into the highly profitable Columbian market. MillerCoors announced acquisition of a majority interest in the Saint Archer Brewing Company, a San Diego based brewer of award-winning craft ales. This acquisition will further strengthen our global craft portfolio which grew nearly 10% in the third quarter. The integration of the Rekorderlig cider business into our UK and Ireland portfolio has gone well and our global cyber portfolio grew a low single-digit rate in the quarter. We continue to restructure our business to ensure we are fit for the future, including the restructuring of our China business, the planned closure of the MillerCoors Eden brewing next year, following the closure of our Alton, UK brewery in May of this year. And importantly we've reached an agreement to sell our Vancouver brewery which will allow us to build a more efficient and flexible brewery in British Columbia. Other third quarter performance headlines are as follows. Worldwide volume increased 0.7% driven by Europe and international and despite the impact of the termination of the Miller brand's agreement in Canada and the Modello brands contract in the UK. Coors Light volume grew 1% globally, driven by nearly 20% volume growth outside of the US and Canada. Our net sales per hectoliter decreased 2.3% in constant currency, driven by mix changes within our Europe and international businesses, including the impact of terminating the Modello brands and Heineken contract brewing agreements in the UK, and we grew net pricing in the US, Canada and Europe in local currency. Constant currency net sales increased 0.7% due to higher volume in Europe and international, along with the positive net pricing in Canada and Europe. By adding in the effect of foreign currency, reported net sales declined 12.9%. Underlying pretax income of $295.4 million was down 10.9%, but decreased 1.7% on a constant-currency basis, with the key drivers being increased brand investment and well-documented contract terminations. 3 THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us ©2015 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. NOVEMBER 05, 2015 / 4:00PM, TAP - Q3 2015 Molson Coors Brewing Company Earnings Conference Call Underlying aftertax income deceased 4.3% driven by unfavorable foreign currency, higher brand investments and terminated contracts. And these factors were partially offset by higher volume, positive net pricing, a lower tax rate, and the results of our cost saving initiatives. US GAAP net income from continuing operations increased $49.4 million from a year ago due to lower brand impairment charges this year in Europe. We incurred impairment charges of $275 million this quarter related to some of our Europe brands, including the Jelen brand because of continued economic and competitive challenges and increased discount rates across the region. We have also changed accounting treatment of these brands from indefinite lived to definite lived, which we expect to increase amortization expense by approximately $50 million per year based on current foreign exchange rates. Underlying EBITDA in the quarter was $420.2 million, a 10.4% decrease from a year ago driven almost entirely by unfavorable foreign currency movements. Year-to-date underlying EBITDA was $1.104 billion, down 7.7% from a year ago. We also continued to implement our four-year $1 billion stock buyback program with $50 million of cash used in the third quarter to repurchase more than 689,000 Class B common shares from July through early October. Please note that in August we committed another $50 million of cash to be used for stock repurchases during the fourth quarter under accelerated share repurchase program.
Load more

Recommended publications
  • Elyxir Price List
    Effective: 6/3/2015 Product List COORS 1198 COORS LT 1/4 KEG 1111111111 1199 COORS LT 1/2 KEG 1111111111 BLUEMOON ID Product Name Unit UPC COORS N/A ID Product Name Unit UPC 3800 BLUEMOON BELGIAN WHITE 4/6/12 LNNR 7199009511 1906 COORS N/A 2/12/12 CN 7199077008 3802 BLUEMOON BELGIAN WHITE 2/12/12 LNN 7199009516 1950 COORS N/A 4/6/12 LNNR 7199077005 3805 BLUEMOON BELGIAN WHITE 15/22 NR 7199009513 3806 BLUEMOON BELGIAN WHITE 2/12/12 CN 7199009506 KEYSTONE 3807 BLUEMOON BELGIAN WHITE 1/6 KEG 1111111111 ID Product Name Unit UPC KEYSTONE ICE 2/12/12 CN 3809 BLUEMOON BELGIAN WHITE 1/2 KEG 1111111111 2206 7199047702 KEYSTONE ICE 30/12 CN 3816 BLUEMOON BELGIAN WHITE 6/4/16 CN 7199009545 2225 7199047714 3839 BLUEMOON WHITE IPA 1/2 KEG KILLIANS RED 3841 BLUEMOON WHITE IPA 4/6/12 LNNR 7199009561 ID Product Name Unit UPC KILLIAN'S RED 4/6/12 LNNR 3847 BLUEMOON WHITE IPA 1/6 KEG 3550 7199070002 3894 BLUEMOON CINNAMON HORCHATA 4/6/12 LNNR 7199009584 MOLSON COORS BANQUET ID Product Name Unit UPC MOLSON CANADIAN 2/12/12 LNNR ID Product Name Unit UPC 3722 6821303117 1000 COORS BANQUET 4/6/12 CAN 7199000007 KEYSTONE LT 1006 COORS BANQUET 2/12/12 CAN 7199000047 ID Product Name Unit UPC 1015 COORS BANQUET 18/12 CAN 7199010020 2106 KEYSTONE LT 2/12/12 CAN 7199048004 1022 COORS BANQUET 20/12 CN 7199017017 2125 KEYSTONE LT 30/12 CAN 7199048019 1025 COORS BANQUET 30/12 CAN 7199010033 2133 KEYSTONE LT 12/24OZ CAN 7199048024 1029 COORS BANQUET 4/6/16 CAN 7199010002 BLUEMOON SEASONAL 1033 COORS BANQUET 12/24OZ CAN 7199010071 ID Product Name Unit UPC 1050 COORS
    [Show full text]
  • Millercoors Reports Lower Third Quarter Underlying Net Income
    MILLERCOORS REPORTS LOWER THIRD QUARTER UNDERLYING NET INCOME BUT HIGHER NET REVENUE PER BARREL Coors Light and Miller Lite Gain Market Share of Premium Light Segment in the Third Quarter November 5, 2015 (London and Denver) – SABMiller plc (LN:SAB; OTC:SABMRY) and Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) reported that third quarter MillerCoors underlying net income declined 8.6 percent to $344.4 million versus the same period in the prior year, driven by lower volume and increased marketing investment, partially offset by lower cost of sales, positive sales mix and net pricing growth. For the second consecutive quarter, Coors Light and Miller Lite both gained market share of the Premium Light segment, with Miller Lite delivering volume growth. Combined, Coors Light and Miller Lite delivered their best quarterly performance in three years. “As we relentlessly pursue total portfolio growth, job number one is taking share and growing our American Light Lagers. This past quarter, we took a step in this direction by taking segment share with both Coors Light and Miller Lite,” said Gavin Hattersley, MillerCoors Chief Executive Officer. “We have a lot of work ahead of us to address our economy segment performance, but all other segments across our portfolio are in good shape as we close out the year. Net income was down this quarter due to lower volume, partially due to bringing distributor inventories down as anticipated coming out of peak-selling season, and increased media investments across our brands.” Third Quarter Highlights Unless otherwise indicated, all amounts are in U.S. dollars and calculated in accordance with accounting principles generally accepted in the U.S.
    [Show full text]
  • The Best Light Beer in the World
    Winter 2020 | V.107 SAINT ARCHER GOLD THE BEST LIGHT BEER IN THE WORLD Delivering Excellence Seasonals Rethinking Retail New Products Programs STOUDTS BREWING COMPANY | WINTER SELECTIONS | ENGAGE SHOPPERS OF ALL AGES Letter toTHE TRADE Dry January was just the beginning… ot too long ago, “extreme beers” were all the In This rage� But now the pendulum has swung in the ISSUE Nother direction and consumer insight & analytics company Social Standard has the numbers to prove it� The company, which monitors online conversations among Delivering the consumers, reported that discussions about high-octane Taste of Excellence ���������������1 alcoholic beverages are down, but chatter about low- and no-alcohol products is up 80 percent� Back in October, BeverageDaily.com spoke with Social Standard CEO Devon Cover Story �������������������������2 Bergan, who explained the significance of their finding: Brewer Highlight �����������������4 Data suggests that moderation isn’t just a fad – it’s a trend likely to have major repercussions for the beverage alcohol Bensalem Beer & Soda ��������5 industry… but consumers are still in search of flavorful, refreshing options� High-quality, innovative brands that Beer Wall on Penn ��������������6 align themselves with moderation will own the category� As unsexy as it sounds, moderation is an easier win than telling New Products ���������������������7 consumers to abandon alcohol entirely� Seasonal Selections ���������� 13 Therein lies your opportunity� And for on- and off-premise establishments, the selling story
    [Show full text]
  • Molson Coors Brewing Company 2015 Third Quarter Earnings
    Molson Coors Brewing Company 2015 Third Quarter Earnings Conference Call November 5, 2015 Speakers: 1) Mark Hunter, President and Chief Executive Officer 2) Gavin Hattersley, Chief Financial Officer ------------------------------------------------------------------ [Operator:] Good morning, and welcome to the Molson Coors Brewing Company 3rd quarter 2015 Earnings Conference Call. Now, I will turn the call over to Dave Dunnewald, Global Vice President of investor relations for Molson Coors. [Dave Dunnewald:] Thank you Leanne and good morning to everyone on our earnings conference call today. Before we begin, I will paraphrase the company’s Safe Harbor language. Some of our discussion today may include "forward-looking statements." Actual results could differ materially from what we project today, so please refer to its most recent 10-K and 10-Q filings for a more complete description of factors that could affect these projections. Our company does not undertake to publicly update forward-looking statements, whether as a result of new information, future events, or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Regarding any non-US GAAP measures that may be discussed during the call and from time to time by the Company’s executives in discussing our performance, please visit the company’s website – www.molsoncoors.com – and click on the financial reporting tab of the investor relations page for a reconciliation of these measures to the nearest US GAAP results. Also, unless otherwise indicated, all financial results the company discusses are versus the comparable prior-year period and in US Dollars.
    [Show full text]
  • Has Anheuser-Busch Let the Steam out of Craft Beer? the Economics of Acquiring Craft Brewers
    University of Kentucky UKnowledge Institute for the Study of Free Enterprise Working Papers Institute for the Study of Free Enterprise 10-2020 Has Anheuser-Busch Let the Steam Out of Craft Beer? The Economics of Acquiring Craft Brewers Kenneth G. Elzinga University of Virginia Alexander J. McGlothlin University of Kentucky, [email protected] Follow this and additional works at: https://uknowledge.uky.edu/isfe_papers Part of the Economics Commons Right click to open a feedback form in a new tab to let us know how this document benefits ou.y Repository Citation Elzinga, Kenneth G. and McGlothlin, Alexander J., "Has Anheuser-Busch Let the Steam Out of Craft Beer? The Economics of Acquiring Craft Brewers" (2020). Institute for the Study of Free Enterprise Working Papers. 30. https://uknowledge.uky.edu/isfe_papers/30 This Research Paper is brought to you for free and open access by the Institute for the Study of Free Enterprise at UKnowledge. It has been accepted for inclusion in Institute for the Study of Free Enterprise Working Papers by an authorized administrator of UKnowledge. For more information, please contact [email protected]. Has Anheuser-Busch Let the Steam Out of Craft Beer? The Economics of Aquiring Craft Bewers Kenneth G. Elzinga Alexander J. McGlothlin October 2020 Institute for the Study of Free Enterprise Working Paper 31 University of Kentucky 244 Gatton College of Business and Economics Lexington, KY 40506-0034 http://isfe.uky.edu/ Has Anheuser-Busch Let the Steam Out of Craft Beer? The Economics of Acquiring Craft Brewers Kenneth G. Elzinga · Alexander J.
    [Show full text]
  • FORM 10-K Molson Coors Brewing Company
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________ FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ . Commission File Number: 1-14829 Molson Coors Brewing Company (Exact name of registrant as specified in its charter) DELAWARE 84-0178360 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1801 California Street, Suite 4600, Denver, Colorado 80202 1555 Notre Dame Street East, Montréal, Québec, Canada H2L 2R5 (Address of principal executive offices) (Zip Code) 303-927-2337 (Colorado) 514-521-1786 (Québec) (Registrant's telephone number, including area code) _______________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Name of each exchange Title of each class on which registered Class A Common Stock, $0.01 par value New York Stock Exchange Class B Common Stock, $0.01 par value New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES NO Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES NO Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Carlson Orchards
    Winter 2020 | V.13 SAINT ARCHER GOLD THE BEST LIGHT BEER IN THE WORLD A Burke Distributing Publication Delivering Excellence Seasonals Account Spotlights New Products Programs CARLSON ORCHARDS | WINTER SELECTIONS | FUNCTIONAL BEVERAGES Letter toTHE TRADE AN YOU BELIEVE THAT THE HOLIDAYS ARE In This just around the corner and that we will be Cclosing out 2019 and welcoming 2020 very ISSUE shortly! 2019 was quite a year! The industry is changing very quickly! The proliferation of the “own premise” (tap rooms and “pop ups”) continues with a new brew pub going in on the next street corner it Delivering seems every month! The Taste of Excellence .........1 Do you know that the BI (Beverage Institute) measures industry volume for both on and off Cover Story .........................2 premise, and has the on premise being down 14% in Boston. The only good news is that it has the off premise up 7% and the overall business down only Brewer Highlight .................4 1%! The BI doesn’t measure the tap room volume so in reality there is more beer being consumed in Boston than the previous year. What that number is, is beyond my ability to guess but you know a lot of Dion’s Fine Wines ................5 beer is being consumed in these tap rooms and pop ups. Union Oyster House ............6 The Burke family and its employees would New Products .....................7 like to thank you for all the support you have given us this year and please know Seasonal Selections .......... 12 your business is not taken for granted! Non-Alcoholic .................. 15 Knowing this consumer shift to the own premise, we continue to invest in the Wine ..............................
    [Show full text]
  • Saint Archer Gold the Best Light Beer in the World
    Spring 2020 | V.31 SAINT ARCHER GOLD THE BEST LIGHT BEER IN THE WORLD Delivering Excellence Seasonals Rethinking Retail New Products Programs SUFFERFEST BEER COMPANY | SPRING SELECTIONS | TIME TO DRINK YOUR WHEATIES Letter toTHE TRADE ITH SPRING UPON US, OUR weather is finally starting to In This W warm up in New Hampshire. ISSUE But it’s not only the temps that are on the rise… the hot seltzer market is getting even hotter! Looks like there’s no end in sight Delivering the for hard seltzer domination, as Taste of Excellence ...............1 consumption in the U.S. is set to triple by 2023. But will consumers be able to support the stream of new Cover Story .........................2 launches? Hard seltzers will continue to increase their retail presence and Brewer Highlight .................4 sales throughout 2020. The segment’s primary strength so far is in off-premise retail, where it’s typically found on Belmont Village Store ..........6 cooler shelves next to beer or stacked in floor displays, but sales on-premise are on the rise. New England’s Tap House Grille ..................7 Amoskeag’s two top-selling seltzers, White Claw and Truly, are not only the top- selling brands in the state and country, but they each grew triple digits in 2019. Dave Burwick, president and CEO of Boston Beer Co., notes that two key trends New Products .....................8 driving category growth are healthiness, especially among millennials, and flavor variety. “Drinkers are looking for great-tasting and refreshing options that aren’t Seasonal Selections .......... 13 high in calories, sugar, or carbohydrates,” he says, adding that Truly offers the most flavors among hard seltzers with 13 different variants.
    [Show full text]
  • Millercoors Reports 2015 Underlying Net Income of $1.328 Billion, In-Line with Prior Year
    MILLERCOORS REPORTS 2015 UNDERLYING NET INCOME OF $1.328 BILLION, IN-LINE WITH PRIOR YEAR Fourth Quarter Underlying Net Income Decreased 10.2%; Coors Light and Miller Lite Gain Market Share of the Premium Light Segment for Quarter and Year February 11, 2016 (London and Denver) – SABMiller plc (LN:SAB; OTC:SABMRY) and Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) reported that MillerCoors underlying net income for the full year was $1.328 billion, which was in-line with 2014. Fourth quarter underlying net income decreased 10.2 percent to $191.5 million versus the same period in the prior year, driven by lower volume and increased marketing and information technology investment, partially offset by lower cost of goods sold, net pricing growth and positive sales mix. For the third consecutive quarter, Coors Light and Miller Lite each gained share of the Premium Light segment. Domestic net revenue per barrel increased 1.5% for both the quarter and year. “We began to drive substantial improvements to our business in the latter half of 2015 that were necessary to create the foundation for growth we aim to achieve in the years ahead,” said Gavin Hattersley, MillerCoors Chief Executive Officer. “Additionally, there were a number of positives in the fourth quarter as our net revenue per barrel again increased, and we invested significantly more in our brands, which resulted in our flagship brands taking further share in the Premium Light segment, while a number of our Above Premium brands also continued their growth.” Full Year and Fourth Quarter Highlights Unless otherwise indicated, all amounts are in U.S.
    [Show full text]
  • FORM 10-K Molson Coors Brewing Company
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________ FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ . Commission File Number: 1-14829 Molson Coors Brewing Company (Exact name of registrant as specified in its charter) DELAWARE 84-0178360 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1801 California Street, Suite 4600, Denver, Colorado 80202 1555 Notre Dame Street East, Montréal, Québec, Canada H2L 2R5 (Address of principal executive offices) (Zip Code) 303-927-2337 (Colorado) 514-521-1786 (Québec) (Registrant's telephone number, including area code) _______________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Name of each exchange Title of each class on which registered Class A Common Stock, $0.01 par value New York Stock Exchange Class B Common Stock, $0.01 par value New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES ý NO o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES o NO ý Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • FORM 10-K Molson Coors Brewing Company
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________ FORM 10-K (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2017 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ . Commission File Number: 1-14829 Molson Coors Brewing Company (Exact name of registrant as specified in its charter) DELAWARE 84-0178360 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1801 California Street, Suite 4600, Denver, Colorado 80202 1555 Notre Dame Street East, Montréal, Québec, Canada H2L 2R5 (Address of principal executive offices) (Zip Code) 303-927-2337 (Colorado) 514-521-1786 (Québec) (Registrant's telephone number, including area code) _______________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Name of each exchange Title of each class on which registered Class A Common Stock, $0.01 par value New York Stock Exchange Class B Common Stock, $0.01 par value New York Stock Exchange Senior Floating Rate Notes due 2019 New York Stock Exchange 1.25% Senior Notes due 2024 New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES ý NO o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
    [Show full text]
  • Molson Coors Brewing Co [Tap:Us] Important Disclosure/S & Disclaimer/S
    MOLSON COORS BREWING CO [TAP:US] IMPORTANT DISCLOSURE/S & DISCLAIMER/S DISCLAIMER This presentation has been prepared by Elevation Capital Management Limited (“Elevation To the maximum extent permitted by law, neither Elevation Capital nor any of Elevation Capital’s Capital”) for distribution to clients of Elevation Capital in New Zealand and other jurisdictions to directors, employees, shareholders, subsidiaries, agents, advisers or any other person shall have whom, under relevant law, this presentation lawfully may be distributed. It may not be distributed any liability to any person for any loss (including, without limitation, any liability arising from in any other jurisdiction or to any other persons. any fault or negligence on the part of Elevation Capital or any of Elevation Capital’s directors, employees, shareholders, subsidiaries, agents, advisers or any other person) arising in respect of The information, investment views and recommendations in this presentation are provided or in relation to this presentation or any of the Information. for general information purposes only. To the extent that any such information, views, and recommendations constitute advice, they do not take into account any person’s particular Certain Information used in this presentation has been derived or obtained from filings made with financial situation or goals and, accordingly, do not constitute personalised financial advice under the Securities and Exchange Commission (“SEC”) or other regulatory authorities and from other the Financial Advisers Act 2008, nor do they constitute advice of a legal, tax, accounting or other third party sources. Elevation Capital has not sought or obtained consent from any third party to nature to any person.
    [Show full text]