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Annual Report ‘05. SAB Miller : Annual Report ‘05. Presentation of the firm Financial Review A vision in the long term. SAB Miller today. South Africa : the original brewing company North America : 2 nd largest brewer Central America : 90% share of the beer market
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SAB Miller : Annual Report ‘05 • Presentation of the firm • Financial Review • A vision in the long term
SAB Miller today • South Africa : the original brewing company • North America : 2nd largest brewer • Central America : 90% share of the beer market • Africa & Asia : 99% stake in the China’s market • Europe : mainly in the East European countries • The soft drinks division makes products for the Coca Cola company.
Financial highlight (1/3) • It is remarkable that 2005 was the third successive year of outstanding financial results. • The year’s results demonstrate the fundamental operating strength of the group. Total group beverage volumes grew by 8% to 187.2 million hectolitres • Miller domestic volume returns to growth
Financial highlight (2/3) • Group EBITA margin 16.6%, up from 15% • Excellent EBITA performance in South Africa
Financial highlight (3/3) • The dividend given to the shareholders has increased by 27% over last year. • Strong cash flows reduce gearing to 26.4%
A vision in the long term • For the longer term, the group is building on its positions in the large, emerging markets of China and India. • Depending on economic growth, there may also be opportunities in Africa. • In the longer term we also expect to see a natural consumer drift towards higher value, international brands.
A corporate social responsability • Supporting local farmers & other suppliers • Reducing the environmental footprint • Enhancing the health and well being of the staff