Client TRACC Journey: Sabmiller
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Annual Report 2015 Report Annual
SABMiller plc SABMiller Annual Report 2015 SABMiller plc Annual Report 2015 We are in the beer and soft drinks business. We bring refreshment and sociability to millions of people all over the world who enjoy our drinks. We do business in a way that improves livelihoods and helps build communities. We are passionate about brewing and have a long tradition of craftsmanship, making superb beer from high quality natural ingredients. We are local beer experts. We have more than 200 local beers, from which we have carefully selected and nurtured a range of special regional and global brands. Performance highlights Group net producer revenue1 Revenue3 EBITA4 EBITA margin progression -2% -1% -1% 0basis points 2015: US$26,288m 2015: US$22,130m 2015: US$6,367m 2015: 24.2% 2014: US$26,719m 2014: US$22,311m 2014 5: US$6,460m 2014: 24.2% 2 2 2 +5% +6% +6% +30 basis points2 Beverage volumes Profit before tax Adjusted EPS6 Dividends per share7 +2% 0% -1% +8% 2015: 324m hectolitres 2015: US$4,830m 2015: 239.1 US cents 2015: 113.0 US cents 2014: 318m hectolitres 2014: US$4,823m 2014: 242.0 US cents 2014: 105.0 US cents Water usage (beer)8 Net debt9 Free cash flow10 Total shareholder return11 -6% -27% +26% 121% 2015: 3.3 hl/hl 2015: US$10,465m 2015: US$3,233m Peer median: 85% 2014: 3.5 hl/hl 2014: US$14,303m 2014: US$2,563m 1 Group net producer revenue (NPR) is defined on page 188 and includes the group’s 6 A reconciliation of adjusted earnings to the statutory measure of profit attributable to equity attributable share of associates’ and joint ventures’ net producer revenue of shareholders is provided in note 8 to the consolidated financial statements. -
Sabmiller Plc U.S.$5,000,000,000
Proof3:8.7.09 PROSPECTUS DATED 9 July 2009 SABMiller plc (incorporated with limited liability in England and Wales) (Registered Number 3258416) U.S.$5,000,000,000 Euro Medium Term Note Programme Under the Euro Medium Term Note Programme described in this Prospectus (the ‘‘Programme’’), SABMiller plc (the ‘‘Issuer’’ or ‘‘SABMiller’’), subject to compliance with all relevant laws, regulations and directives, may from time to time issue Euro Medium Term Notes (the ‘‘Notes’’). The aggregate nominal amount of Notes outstanding will not at any time exceed U.S.$5,000,000,000 (or the equivalent in other currencies). Application has been made to the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000 (‘‘FSMA’’) (the ‘‘UK Listing Authority’’) for Notes issued under the Programme for the period of 12 months from the date of this Prospectus to be admitted to the official list of the UK Listing Authority (the ‘‘Official List’’) and to the London Stock Exchange plc (the ‘‘London Stock Exchange’’) for such Notes to be admitted to trading on the London Stock Exchange’s Regulated Market (the ‘‘Market’’). References in this Prospectus to Notes being ‘‘listed’’ (and all related references) shall mean that such Notes have been admitted to the Official List and have been admitted to trading on the Market. The Market is a regulated market for the purposes of the Directive 2004/39/EC of the European Parliament and of the Council on markets in financial instruments. However, unlisted Notes may be issued pursuant to the Programme. -
Decyzja Nr DKK 5 Z 04.01.2008.Pdf
PREZES URZĘDU OCHRONY KONKURENCJI I KONSUMENTÓW DKK1-421-22/07/MAB Warszawa, dnia 4 stycznia 2008 r. DECYZJA Nr DKK - 5/08 Na podstawie art. 18 w związku z art. 13 ust. 1 pkt 1 i ust. 2 pkt 2 ustawy z dnia 16 lutego 2007 r. o ochronie konkurencji i konsumentów (Dz. U. Nr 50, poz. 331 ze zm.), po przeprowadzeniu postępowania antymonopolowego z wniosku Kompanii Piwowarskiej S.A. z siedzibą w Poznaniu, Prezes Urzędu Ochrony Konkurencji i Konsumentów wydaje zgodę na dokonanie koncentracji, polegającej na przejęciu przez Kompanię Piwowarską S.A. z siedzibą w Poznaniu kontroli nad Browarem Belgia Sp. z o.o. z siedzibą w Kielcach. UZASADNIENIE W dniu 4 września 2007 r. do Prezesa Urzędu Ochrony Konkurencji i Konsumentów (zwanego dalej także „Prezesem Urzędu” lub „organem antymonopolowym”) wpłynęło od Kompanii Piwowarskiej S.A. z siedzibą w Poznaniu (zwanej dalej również „KP” lub „Kompanią”) zgłoszenie zamiaru koncentracji, polegającej na przejęciu przez Kompanię Piwowarską S.A. z siedzibą w Poznaniu kontroli nad Browarem Belgia Sp. z o.o. z siedzibą w Kielcach (zwanej dalej również „BB” lub „Belgia”). W związku z tym, iż spełnione zostały niezbędne przesłanki uzasadniające zgłoszenie zamiaru koncentracji, tj.: - łączny obrót przedsiębiorców uczestniczących w koncentracji w roku obrotowym poprzedzającym rok zgłoszenia przekroczył równowartość 1 mld euro, tj. kwotę określoną w art. 13 ust. 1 pkt 1 ustawy z dnia 16 lutego 2007 r. o ochronie konkurencji i konsumentów (Dz. U. Nr 50, poz. 331 ze zm.), zwanej dalej również „ustawą antymonopolową”, - przejęcie kontroli nad innym przedsiębiorcą jest jednym ze sposobów koncentracji określonym w art. 13 ust. -
1. the Directors' Report On
Annual Report SABMiller plc Annual Report 2008 About SABMiller plc One of the world’s largest brewers, SABMiller has brewing interests and distribution agreements across six continents. Our wide portfolio of brands includes premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch along with market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. Six of our brands are among the top 50 in the world. We are also one of the world’s largest bottlers of Coca-Cola products. Overview Financial statements 01 Our performance 60 Statement of directors’ responsibilities on the consolidated financial statements 02 The group at a glance 61 Independent auditors’ report to the members of SABMiller plc Operating and financial review 62 Consolidated income statement 04 Chairman’s statement 63 Consolidated balance sheet 06 The global beer market 64 Consolidated cash flow statement 07 Chief Executive’s review 65 Consolidated statement of recognised 10 Our strategic priorities income and expense 10 Creating a balanced and attractive global spread 66 Notes to the consolidated financial statements of businesses 12 Developing strong, relevant brand portfolios 134 Statement of directors’ responsibilities on the in the local market company financial statements 14 Constantly raising the performance of local businesses 135 Independent auditors’ report to the members 16 Leveraging our global scale of SABMiller plc 18 Chief Financial Officer’s review 136 Balance sheet of SABMiller plc 24 -
Bière : Les Quatre Multinationales Qui Se Cachent Derrière Des Centaines De Marques
Bière : les quatre multinationales qui se cachent derrière des centaines de marques Le Monde.fr | 08.10.2015 à 14h21 • Mis à jour le 08.10.2015 à 17h31 | Par Mathilde Damgé (/journaliste/mathilde- damge/) A l’image de Munich, capitale allemande de la bière, Paris a décidé d’organiser sa première Oktoberfest, qui commence jeudi 8 octobre. Une opération très « marketing » (avec un prix d’entrée à 35 euros), à l’image d’un marché très concentré en dépit des centaines de marques proposées dans les bars, restaurants et grandes surfaces aux quatre coins de la planète . Et la tendance à la concentration pourrait s’accélérer : le numéro deux mondial de la bière SABMiller a rejeté mercredi une nouvelle offre d’achat de plus de 90 milliards d’euros présentée par son rival, le numéro un AB InBev, visant à créer un mastodonte du secteur mariant la Stella Artois et la Pilsner Urquell. Lire aussi : SABMiller rejette l’offre à 92 milliards d’euros du géant de la bière AB InBev (/entreprises/article/2015/10/07/brasseurs-ab-inbev-releve-son-offre-d-achat-sur- sabmiller_4783951_1656994.html) Les quatre leaders mondiaux, AB InBev, suivi de SABMiller, de Heineken et de Carlsberg, brassent près de la moitié de la bière mondiale et exploitent près de 800 marques à eux seuls. Ci-dessous, les marques exploitées par le néerlandais Heineken (18,4 milliards d’euros de chiffre d’affaires en 2012), le belge Anheuser-Busch InBev (29 milliards d’euros de chiffre d’affaires en 2012), le britannique SABMiller (25,42 milliards d’euros de chiffre d’affaires en 2012) et le danois Carlsberg (9 milliards d’euros de chiffre d’affaires en 2012). -
Sustainable Development Report
2006 sustainable development report 2006 sustainable development report table of contents our vision, mission and values /2-3/ introduction by the CEO /4-5/ introduction by the corporate affairs director /6-7/ about the company /8-11/ responsible drinking /12-19/ environmental protection /20-31/ care for quality and expertise /32-39/ respect for human rights /40-45/ community development support /46-51/ preserving the historical legacy /52-61/ business transparency /62-67/ our vision, mission and values Plzeňský Prazdroj is the leading brewing company in Central Europe. It symbolizes the best tradition of this important industry and, moreover, was responsible for a true turning point in the industry's development when in 1842 the predecessors of today's Plzeňský Prazdroj brewed the first ever pale lager, which was later to give its name to the most popular type of beer in the world. Nowadays, Plzeňský Prazdroj boasts the reputation of the biggest beer producer and exporter in the Czech Republic. The company is a member of the international group SABMiller plc, the second largest brewing company in the world in terms of volume, and with brewing activities in more than 60 countries all over the world. Plzeňský Prazdroj is one of the most admired companies in the Czech Republic. The company's business operations and all its other activities follow the principles of transparency, healthy economic competition and corporate responsibility. These principles are contained in corporate documents, guidelines and internal procedures in compliance with the relevant Czech and EU legislation and internationally acknowledged principles of business management and administration. -
Non-Alcoholic Malt Beverage, 21 Entries Gold
Category 1: Non-Alcoholic Malt Beverage, 21 entries Category 25: Dortmunder/European Style Export or German-Style Gold: Radegast Birell, Plze ský Prazdroj a.s., Pilsen, Czech Republic Oktoberfest/Wiesen (Meadow), 48 entries Silver: Hefeweizen alkoholfrei, Alpirsbacher Klosterbräu Glauner GmbH & Co. KG, Gold: Luksus, JSC Aldaris, Riga, Latvia Alpirsbach, Germany Silver: Mariestads Export, Spendrups Brewery, Varby, Sweden Bronze: Organic Saps-Fit Sparkling Malt Drink, Neumarkter Lammsbräu Gebr. Ehrnsperger Bronze: Llano Lager, SandLot Brewery, Denver, CO e.K., Neumarkt, Germany Category 26: Vienna-Style Lager, 25 entries Category 2: American-Style Cream Ale or Lager, 23 entries Gold: Vienna Lager, The Covey Restaurant & Brewery, Fort Worth, TX Gold: Special Export, Pabst Brewing Co., Woodridge, IL Silver: Vienna Red Lager, Iron Hill Brewery & Restaurant, Wilmington, DE Silver: Lone Star, Pabst Brewing Co., Woodridge, IL Bronze: Lochsa Lager, Ram Restaurant & Brewery - Boise, Boise, ID Bronze: Nide Beer - The Ale, Baird Brewing Co., Numazu, Japan Category 27: German-Style Märzen, 28 entries Category 3: American-Style Wheat Beer, 14 entries Gold: Goss Märzen, Brauerei Goss, Deuerling, Germany Gold: Crystal Wheat Ale, Pyramid Breweries Inc., Seattle, WA Silver: Weltenburger Kloster Anno 1050, Klosterbrauerei Weltenburg GmbH, Kelheim, Germany Silver: Shiner Dunkelweizen, The Spoetzl Brewery, Shiner, TX Bronze: Latvijas Sevikais, JSC Aldaris, Riga, Latvia Bronze: Spanish Peaks Crystal Weiss, Spanish Peaks Brewing Co., Polson, MT Category 28: European-Style Dark/Münchner Dunkel, 38 entries Category 4: American-Style Hefeweizen, 34 entries Gold: Weltenburger Kloster Barock Dunkel, Klosterbrauerei Weltenburg GmbH, Kelheim, Gold: Widmer Hefeweizen, Widmer Brothers Brewing Co., Portland, OR Germany Silver: UFO Hefeweizen, Harpoon Brewery, Boston, MA Silver: Munich Dunkel, C.H. -
Agribusiness Handbook Agribusiness Handbook
agribusiness handbook Barley Malt Beer Please address comments and enquiries to: ,6%1 Investment Centre Division Food and Agriculture Organization of the United Nations (FAO) E-mail: [email protected] ,( agribusiness handbook Barley Malt Beer TABLE OF CONTENTS INTRODUCTION 5 1. BARLEY 7 1.1 Production of barley 7 1.2 World production and main suppliers of barley 9 1.3 Barley sale prices 12 1.4 Barley trade 13 1.5 Current trends: malting barley has a new competitor for acreage 15 2. MALT 17 2.1 Processing into malt 17 2.2 World production and main suppliers of malt 19 2.3 Sale price of malt 22 2.4 Malt trade 23 2.5 Global growth in malt demand 24 2.6 Reaching conclusions 25 2.7 Other relevant information 25 3. BEER 27 3.1 Brewing process 27 3.2 World beer production 29 3.3 Beer trade 31 3.4 Consumption 32 3.5 Other relevant information 33 4. THE MALTING AND BEER INDUSTRIES IN THE WESTERN BALKANS AND EARLY TRANSITION COUNTRIES. 35 4.1 The supply of raw materials: the Achilles’ heel of the local beer industry 35 4.2 Development of the local beer industry: a driving factor for maltsters 44 4.3 EBRD experience in the region 62 5. FURTHER READING AND INFORMATION 65 3 This handbook is part of a series of agribusiness manuals prepared by FAO's Investment Centre Division for EBRD's Agribusiness team, under the FAO/EBRD cooperation. The production of the manuals was ¿QDQFHGE\)$2DQGE\WKH(%5'PXOWLGRQRU(DUO\7UDQVLWLRQ&RXQWULHV Fund and Western Balkans Fund. -
In Czech Republic
THE BREWING INDUSTRY IN CZECH REPUBLIC FLANDERS INVESTMENT & TRADE MARKET SURVEY The brewing industry in Czech Republic December 2017 Flanders Investment & Trade Prague Economic & commercial representation of Flanders c/o Embassy of Belgium Valdštejnská 6 | 118 01 Praha 1 – Czech Republic T: +420 257 53 06 26 | F: +420 257 53 37 99 | E-mail: [email protected] Transport Infrastructure, Transportation and Logistics in Romania | december 2016 1 Table of contents 1. Overview of the Czech beer market ............................................................................................ 3 1.1 Microbreweries ................................................................................................................... 7 1.2 Executive summary ............................................................................................................ 8 2. Major brands ................................................................................................................................ 9 2.1 Plzeňský Prazdroj .............................................................................................................. 9 2.2 Budweiser Budvar .............................................................................................................. 9 2.3 Staropramen ...................................................................................................................... 9 3. Export ........................................................................................................................................ -
Central Europe Business
Central Europe Business May 2018 Copyright © ASAHI GROUP HOLDINGS. All rights reserved. ABEG at a glance Poland #1 Kompania Piwowarska Population 38.4 m Market size 37 mhl Market share 35% PCC 99 l Czech #1 Plzeňský Prazdroj Bialystok #1 Population 10.6 m Poznan Romania Market size 14 mhl Ursus Breweries Market share 48% Population 19.8 m PCC 143 l Market size 18 mhl Market share 37% Pilsen Tychy PCC 94 l Nosovice #2 Popovice Slovakia Saris Hungary #1 Plzeňský Prazdroj Slovensko Dreher Sörgyárak Zrt. Population 5.4 m Budapest Population 9.8 m Market size 4 mhl Market size 7 mhl Market share 37% Timisoara Market share 33% PCC 76 l Brasov PCC 57 l Buzau Europe (Export) Asahi Brands Europe Brewery Asia-Pac (Export) AE Brands Korea Source: Czech: CBMA monthly data, Slovakia: internal estimates Poland: GUS dom. *excl. NAB, Romania: Deloitte, Hungary: internal estimates. 1 Copyright © ASAHI GROUP HOLDINGS. All rights reserved. Performance thus far From FY2017 Financial Results Presentation (Feb15, 2018) ◆ 2017 Results (Apr. – Dec.) • Volume and Net Sales growth in all markets except Poland • Poland impacted by wet summer weather and negative elasticity associated with lower promotional pressure resulting in increasing net pricing • Overall ABEG margin growth of +110 bps off an already strong base • All markets and regional structures delivering cost optimization programs well ahead of plan ◆ 2018 Results (Jan. – Mar.) • Annual forecasted delivery of +1% Net Sales and +7% Core OP is well underway in Q1 • Strong execution plans assisted by warmer Jan/Feb weather • OP continues to grow ahead of net sales and prior year given good realisation of cost optimization programs 2 Copyright © ASAHI GROUP HOLDINGS. -
Stati Ιarticles
STATI Ι ARTICLES STRATEGIC FORCES IN THE CZECH BREWING INDUSTRY FROM 1990–2015 Stanislav Tripes, Jiří Dvořák* Abstract The need for this research stems from the dynamic development that the brewing industry has undergone since the Velvet Revolution when the market was split between seventy-one regional breweries. In the 1990s, customers began to prefer the larger nationwide breweries, a trend that led to the bankruptcy of some regional breweries thereby creating a market niche that was quickly filled by microbreweries. By 2015, there were 44 industrial breweries and around 300 microbreweries. By then, the beer market had diversified, and since the brewing industry had been highly dynamic, managers had to change strategy regarding customer requirements. Strategic change has since been reflected in the pricing and quality of the beer, marketing communication, and merchandising. Knowledge of developments in the industry and adapting strategies to meet these changes have been key factors in determining future survival. The purpose of this study is to describe the development of the brewing industry and the resulting strategic changes of different breweries. Historical knowledge is required for future research into the perception of the brewery managers’ strategic thinking. This paper is the first step in longitudinal research focused on strategy formulation at the business level in the brewing industry and brewery performance. The study is based on qualitative approaches and a two-step research design: the first phase is historical research, where the data was obtained from contemporary newspapers, professional and scientific journals, and annual reports from breweries. The second phase is composed of interviews conducted at four breweries, which are representative of the population. -
Integration of the Czech Brewing Industry Into Global Production Networks Jan Pulec
AUC Geographica 47 INTEGRATION OF THE CZECH BREWING INDUSTRY INTO GLOBAL PRODUCTION NETWORKS JAN PULEC Charles University in Prague, Faculty of Science, Department of Social Geography and Regional Development, Czechia ABSTRACT This article analyzes the Czech brewing industry and its integration in transnational production networks by drawing on the perspec- tive of global production networks (GPNs). It evaluates the geographical structure of the Czech brewing industry, the inflow of foreign direct investment after 1990, and the integration of Czech breweries into GPNs dominated by foreign transnational corporations. The article analyzes major changes the Czech brewing industry has experienced during the post-1990 economic transformation, presents the current state of the industry from the geographical perspective, and identifies four different forms of involvement of Czech breweries in brewing industry GPNs. Keywords: brewing industry, breweries, global production networks, Czechia Received 7 May 2015; Accepted 28 November 2015 1. Introduction Significant factors contributing to the growth of TNCs, such as their coordination and management, geographic This article seeks to contribute to debates about the flexibility, their ability to benefit from different socio-eco- Czech brewing industry by analyzing the key processes nomic and institutional environment of national states, that have taken place during the past twenty-five years. Its are crucial for the continuing existence and further evolu- aim is to analyze the Czech brewing industry by drawing tion of the global economic system. We attribute the sig- on the Global Production Networks (GPN) and Global nificant importance to operations of firms within regions Value Chains (GVC) perspectives, which deal with the in which they are embedded.