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Reports For East African Breweries Ltd

Kestrel Company Reports


Date Title Action
April 2022 EABL: RE-ITERATE BUY ON IMPROVING ROIC AND INCREASING DIVIDEND PAYOUT View
November 2021 EABL: Re-iterate BUY: Lifting of curfew in Kenya to drive on-trade volume growth and improved margins View
Jul-2020 EABL: we maintain our BUY recommendation, despite a 10.1% cut to our fair value estimate. View
Jul-2018 EABL 2H18 - 'ACCUMULATE' despite an anticipated weaker FY19 View
Dec 2016 EABL Update - 1H17 View
Feb 2016 EABL Company Update - February 2016 View
Jun 2014 Recommendation: HOLD View
May 2012 Recommendation:LIGHTEN View
Apr 2011 Recommendation: HOLD View
May 2010 Recommendation: BUY View
May 2009 Recommendation: HOLD View
Nov 2007 Recommendation: LONG TERM BUY View

Kestrel Special Reports


Date Title Action
Jul 2015 FCC Competition Ruling July 2015 View
May 2015 A brief update on the sale of Central Glass Industries Ltd. to Consol Glass Pty Ltd. View
Mar 2015 Medium Term Note Update—2H15 View

Full Year Results Notes


Date Title Action
Jul-2018 EABL FY18 Results - EPS below expectations, operating profit above expectations View
Jul 2015 FY15 Results Update View
Aug 2007 Recommendation: LONG TERM BUY View

Half Year Results Notes


Date Title Action
Jan-2018 EABL 1H18 Results Note View
Jan 2017 EABL 1H17 Results Note View
Feb 2016 EABL 1H16 Results + Special Report: Impact Of Excise Duty Act 2015 View
Feb 2015 1H15 Results Update View
Feb 2010 1H10 Results Note View

Earnings Estimates


Date Title Action
Jan-2021 EABL 1H21 outlook – Retain BUY; we scale back our COVID-19 related impact assumptions and subsequently revise up our fair value target. View
Jan-2020 EABL 1H20 Results Expectation - We maintain our BUY recommendation View
Jan-2019 EABL 1H19 Sales Check: We maintain our 'BUY' recommendation View
Jan 2018 EABL 1H18 Results Announcement - 26th January 2018 + Our Expectations View

Conference Calls


Date Title Action
Dec-2020 EABL 1H21 - pre-closed period conference call transcript View
Nov-2020 EABL 1H21 - pre-closed period conference call View
Dec-2020 EABL 1H21 - pre-closed period conference call View
Apr-2020 EABL FY20 - pre-closed period (and COVID-19 update) conference call View
May-2019 EABL FY19 - pre-closed period conference call notes View
Mar 2018 Diageo - Africa - Brunch time call with the Presidents View
Jan 2018 EABL 1H18 Conference Call Transcript View
Aug 2017 EABL FY17 Conference Call Transcript View
Jan 2017 EABL 1H17 Results - Friday 27-Jan-2017 View

Financial Results


Date Title Action
July 2023 EABL FY23 financial results - EPS declines 22.1% y/y View
July 2022 EABL FY22 EPS +172.2% y/y - Above Expectations View
January 2022 EABL 1H22 EPS grows 211.8% y/y - Significantly Above Estimates View
July 2021 EABL FY21 EPS grows 6.6% y/y, Behind Expectations View
January 2020 EABL 1H20 Results - Earnings Above Expectations View
July 2019 E.A. Breweries EPS +56% y/y in FY19 - above expectations View
Jan 2019 E.A. Breweries EPS up 25% y/y in 1H19 View
Dec 2017 EABL 1H18 Unaudited Financial Results View
Jun 2017 EABL End of Year Financial Results FY17 (Condensed) View
Dec 2016 EABL 1H17 Unaudited Financial Results (Abridged) View
Jun 2016 EABL FY16 Audited Financial Results View
Dec 2015 EABL 1H16 Unaudited Financial Results View
Jun 2015 EABL FY15 Audited Financial Results View
Dec 2014 EABL 1H15 Unaudited Financial Results View
Jun 2014 EABL FY14 Audited Financial Results View
Dec 2013 EABL 1H14 Unaudited Financial Results View
Jun 2013 EABL FY13 Audited Financial Results View
Dec 2012 EABL 1H13 Unaudited Financial Results View
Jun 2012 EABL End of Year Financial Results FY12 View
Dec 2011 EABL 1H12 Unaudited Financial Results View
Jun 2011 EABL End of Year Financial Results FY11 View
Dec 2010 EABL 1H11 Unaudited Financial Results View
Jun 2010 EABL End of Year Financial Results FY10 View
Dec 2009 EABL 1H10 Unaudited Financial Results View
Jun 2009 EABL End of Year Financial Results FY09 View
Dec 2008 EABL 1H09 Unaudited Financial Results View
Jun 2008 EABL End of Year Financial Results FY08 View
Jun 2007 EABL End of Year Financial Results FY07 View
Dec 2006 EABL 1H07 Unaudited Financial Results View
Jun 2006 EABL End of Year Financial Results FY06 View
Jun 2003 EABL End of Year Financial Results FY03 View

Investor presentations


Date Title Action
January 2024 EABL 1H24 Investor Presentation View
July 2023 EABL FY23 Investor Presentation View
January 2023 EABL 1H23 Investor Presentation View
July 2022 EABL FY22 Investor Presentation View
January 2022 EABL 1H22 Investor Presentation View
August 2021 EABL FY21 Investor Presentation View
Aug-2020 EABL FY20 Investor Presentation View
January 2020 EABL 1H20 Investor Presentation View
Jul-2019 EABL FY19 Investor Presentation View
Jan 2019 E.A. Breweries 1H19 Investor Presentation View
Jul 2018 EABL FY18 Investor Presentation View
Feb 2018 EABL - Kestrel Mini Conf Presentation View
Jan 2018 EABL 1H18 Investor Briefing Presentation View
Jan 2018 EABL 1H18 Investor Briefing Presentation View
Aug 2017 EABL FY17 Results Investor Briefing View
Jul 2016 EABL FY16 Results Investor Briefing View
Feb 2016 EABL 1H16 Results Investor Briefing View
Aug 2015 EABL FY15 Results Investor Briefing View
Feb 2015 EABL 1H15 Results Investor Briefing View
Aug 2014 EABL FY14 Results Investor Briefing View
Aug 2014 EABL FY14 Investor Briefing Recording View
Feb 2014 EABL 1H14 Results Investor Briefing View
Aug 2013 EABL FY13 Results Investor Briefing View
Feb 2013 EABL 1H13 Results Investor Briefing View
Aug 2012 EABL FY12 Results Investor Briefing View
Feb 2012 EABL 1H12 Results Investor Briefing View
Aug 2011 EABL FY11 Results Investor Briefing View
Feb 2011 EABL 1H11 Results Investor Briefing View
Feb 2010 EABL 1H10 Results Investor Briefing View
Aug 2009 EABL FY09 Results Investor Briefing View
Feb 2009 EABL 1H09 Results Investor Briefing View
Aug 2008 EABL FY08 Results Investor Briefing View
Mar 2008 EABL 1H08 Results Investor Briefing View
Jun 2007 EABL FY07 Results Investor Briefing View
Aug 2006 EABL FY06 Results Investor Briefing View
Dec 2004 EABL 1H05 Results Investor Briefing View
Dec 2003 EABL 1H04 Results Investor Briefing View

Annual reports


Date Title Action
September 2022 EABL 2022 Annual Report View
October 2021 EABL 2021 Annual Report View
Aug-2020 EABL FY20 Annual Report View
Aug-2019 East African Breweries - FY19 Annual Report View
Aug 2018 EABL FY18 Annual Report View
Jun 2017 EABL Annual Report & Financial Statements 2017 View
Jun 2016 EABL Annual Report & Financial Statements 2016 View
Jun 2015 EABL Annual Report & Financial Statements 2015 View
Jun 2014 EABL Annual Report & Financial Statements 2014 View
Jun 2013 EABL Annual Report & Financial Statements 2013 View
Jun 2012 EABL Annual Report & Financial Statements 2012 View
Jun 2011 EABL Annual Report & Financial Statements 2011 View
Jun 2008 EABL Annual Report & Financial Statements 2008 View
Jun 2006 EABL Annual Report & Financial Statements 2006 View
Jun 2004 EABL Annual Report & Financial Statements 2004 View

Circulars/Press Releases


Date Title Action
October 2022 Diageo Kenya intention to acquire additional 14.97% stake in EABL View
October 2021 EABL Medium-Term Note Offer Results: Overall subscription rate of 345% View
October 2021 EABL 2021 Domestic Medium Term Note Programme View
October 2021 EABL 2021 MTN PRICING SUPPLEMENT View
October 2021 EABL 2021 MTM PROGRAMME INFORMATION MEMORANDUM View
March 2020 EABLs to seek additional 30.0% stake in Serengeti Breweries LTD View
Sep 2018 East African Breweries Limited - AGM Resolutions View
Jun 2018 EABL - Resignation of a Director View
Apr 2018 E.A. Breweries expects high demand for spirits to drive revenue growth View
Mar 2018 EABL - MTN Tranche 1, 6th Interest Rate Payment View
Sep 2017 EABL - Resolutions of the 95th AGM View
Aug 2017 EABL Notice of AGM View
Jun 2017 EABL Cautionary Announcement View
Jun 2017 EABL Revised First Pricing Supplement - Issue of Tranche One of KES 5,000,000,000 Fixed Rate Notes View
Mar 2017 EABL Domestic Medium Term Note Results View
Mar 2017 EABL Domestic Medium Term Note Programme of KES 11,000,000,000 Press Release View
Mar 2015 EABL Proposed Sale of Central Glass Industries Ltd View