2008 AGM Talloires (Annecy Lake), June 27, 2008 1 Summary 1. Group overview 2. A major vodka and scotch whisky player 3. Annual results 2007 4. First quarter 2008 5. Last events and action plan 2 Group overview A wine and spirit group established in Europe and now the USA 3 Group overview The 7th largest multinational spirits group Top 10 multinational spirits companies Rank / Company Volume 2006 1. Diageo 98 400 2. Pernod Ricard 73 085 V&S 15 869 Total New Pernod Ricard 88 954 3. Bacardi-Martini 34 915 4. BeamGlobal 27 432 5. Brown Forman 19 089 6. Campari 12 798 7. Belvédère 11 257 8. WmGrant 8 207 9. Remy Cointreau 5 724 10. LVMH 5 383 ²All volumes in 000's of 9-liter cases 4 Source : The IWSR 2008, Top 10 multinational Siprits companies (spirits only) based on the company’s current portfolio Group overview Business Breakdown By country By product Restated sales* Volumes* 12 months 2007 : 1042.3 M€ 12 months 2007 (millions 9L cases) Drinks distributed not manufactured 19.6% Spirits France 26% 35.9% Poland Bulk Alcohol 60.3% Lithuania 5.9% 4.4% USA 5.3% Bulgarie 1,4% Others 1,1% Wine 40,0% Spirits-> 14,8 millions cases (9L) Wines-> 16,5 millions cases (9L) (*) Integration of Marie Brizard as of 1st January 2006. 5 In conformity with IFRS Standard 5, the financial statements presented have been restated for 2006 and 2007 for the non-alcoholic beverage business of Marie Brizard divested in September 2007. Group overview Modern and rational production facilities Vodka 13 million case (9L) annual production capacity 1st producer in Poland Starogard Gdandski Vilnius Degtine 2nd producer in Lithuania Kolaczkowo Lancut Krakow 6 Group overview Modern and rational production facilities Wine 1.9 million case (9l) annual production capacity 3 production facilities MENADA Winery in Stara Zagora Stara Zagora Oriahovitza Domaine Menada in Oriahovitza Sofia Lubimetz Domaine Sakar in Lubimetz 500 hectares of vineyards 7 owned outright Group overview Modern and rational production facilities Cordials, spirits, and wine 1 MBRI (1) headquarters: Classic and modern liqueurs, Old Lady’s Gin... 2 WPI (2) : Whiskies, cocktails, punches, tequila… 3 Les Chais Beaucairois : Wines Bordeaux 4 1 4 Gautier : Cognac, Brandies 2 3 5 Nîmes 5 Marie Brizard Spain: Anisette Madrid 6 6 Marie Brizard Spain: Rioja Wines (1) MBRI stands for Marie Brizard & Roger International (2) WPI stands for William Peters International 8 Group overview An integrated salesforce □ USA : Imperial Brands □ France : William Pitters □ Espagne : Marie Brizard Spain □ Pologne : Sobieski Polska □ Lituanie : Belvedere Prekyba □ Bulgarie : Belvédère Bulgaria □ Rép. Tchèque : Belvédère Ceska □ Russie : Vremena Goda □ Danemark : Belvedere Scandinavia □ Duty Free Monde : Belvedere Duty Free 9 Group overview Strong portfolio of International and Local brands Sobieski Balsam Pomorski Starogardzka Sobieski Impress Vodka Zawisza Krupnik Krakowska Danzka William Peel Sir Pitterson Whisky Glen Roger’s Canadian’s Tippers Anisette Cherry Brandy Other Manzanita Triple Sec Old Lady’s Gin Curaçao Bleu Spirits Pastis Berger Cognac Gautier Bodegas Marques de Puerto Roquatelle Duc de Birac Domain Menada Wine Eclat du Rhône Sophia 10 Bacalis Kadarka Summary 1. Group overview 2. A major vodka and scotch whisky player 3. Annual results 2007 4. First quarter 2008 5. Last events and action plan 11 A major vodka player A trend setter in the Vodka Segment Main world vodka brands 60.7 2006(e) : Case depletions in 9L million cases 23.0 50.3% Annual growth ratio : 2000-2005 20.2% of the premium spirits 9.8 total in the 24.9% world by volume 14.8% 3.0 2.7 2.6 2.3 2.2 7.4% 6.9% 4.9% 4.3% 6.8% Brand Smirnoff Absolut Grey Goose Stolichnaya Skyy Finlandia Sobieski (#7) Vodka Premium Company Diageo V&S Bacardi Pernod Ricard Campari Brown Forman Belvédère category 12 Source : Impact Magazine February 2007 Issue A major vodka player Sobieski : 7th largest vodka in the world Sobieski / Poland, Premium vodka, available in 15 countries 2007 : 2.5 milion cases 2006 : 2.15 million cases in 2006 (including Export 740.000 cases) 5% market share in Poland* 4.66 % market share in Poland* International Vodka brands ranking ** 2006 case depletions Change 05/2006 in millions 9L cases 1 Smirnoff Diageo 23.0 + 8% 2 Absolut V&S 9.8 + 6.5% 3 Nemiroff Nemiroff 7.8 - 16.3% 4 SV Soyuz-Victan 6.23 - 4.6% 5 Stolichnaya SPI/Pernod 3.0 - 6 Finlandia Brown Forman 2.3 + 9.5% 13 7 Sobieski Belvedere 2.15 + 28.7% * AC Nielsen 12/06 ** Drinks International A major vodka player A major player in Poland Main Polish vodka distillers ranking (% market share in volume) Brands déc-06 mars-08 Sobieski Polska, Belvedere, France Sobieski, Zawisza,.. 26.9 26.1 Polmos Bialystok , CEDC, USA Zubrowka, Absolwent 19.1 17.0 Unicom Bols , CEDC, USA Bols, Soplica 11.2 11.2 Polmos Lublin, Oaktree Capital, USA Zoladkowa Gorzka 10.7 13.8 Polmos Zielona Gora , Vin & Siprit Centralen, Sweden Luksusowa 7.8 9,3 Finlandia Polska, Oy Alko, Finland Finlandia 4.13 4.2 Wyborowa SA, Pernod Ricard, France Wyborowa, Lodowa 3,0 3.9 14 Source : AC Nielsen A major vodka player Strong Local brands with Global potential Starogardzka / Poland main stream Vodka 2007 : 2,85 million cases of 9L 9.02 % market share in Poland* 2006 : 2.6 million cases in 2006 9.7 % market share in Poland* 12th vodka brand by volume in the world 2006** 15 *Source : AC Nielsen 3/07 ** Drinks International A major vodka player Strong Local brands with Global potential Krakowska / Poland Entry level Vodka 2007 : 1.02 million cases 9L 3.29 % market share* 2006 : 1.0 million cases 9L 3.7% market share* 16 *Source: AC Nielsen 12/06 A major vodka player Strong Local brands with Global potential Polonaise / Poland Main stream Vodka 2007 : 1,06 million cases of 9L 2006 : 0.75 million cases 9L 17 *Source : AC Nielsen 12/06 A major vodka player Danzka: a leading brand in Duty Free DANZKA / Denmark Premium Vodka 2007 : 235 000 cases 2006 : 160 000 cases 4th world’s largest duty free brand* 18 *Source: Nielsen 2005 A major scotch whisky player 11 th world scotch whisky player Top Premium Scotch Whisky Brands in the World Volumes million 9L cases (2006e) 58.6 Annual growth ratio : 2000-2005 14.0 22.9% 19.5% of premium spirit total worldwide in volume 5.9 5.6 10.5% 4.4 4.0 3.4 2.9 2.9 5.1% 2.3 1.8 1.8 -0.8% 4.2% 4.4% -0.6% 0.6% 2.8% 2.8% 0.7% 1.3% Brand Johnnie Walker J&B Ballantine’s Grant’s Chivas Regal Dewar’s 100 Pipers The Famous Bell’s Teacher’s William Peel (#11) Scotch Whisky Grouse Premium Diageo Diageo Pernod Ricard William Grant & Pernod Ricard Bacardi Pernod Ricard Diageo Beam Global Belvédère Company category Sons Edrington 19 Impact Magazine February 2007 Issue A major scotch whisky player William Peel: #1 scotch whisky in France William Peel / France France is the leading market in volume for Scotch Whisky Scotch Whisky in the 2007 : 1.8 million cases world 2006 : 1.8 million cases 16.0 % market share in volume* 2nd spirit brand in France 1st scotch whisky brand in France 11th largest scotch whisky brand in the world (4th in growth rate in 2006, +10%)** 20 *Source: Nielsen 2006 ** Drinks International A major scotch whisky player Sir Pitterson: a strong local brand Sir Pitterson / France Scotch Whisky 237 000 cases in 2007 3.3% market share in France* 21 *Source: Nielsen 2006 Summary 1. Group overview 2. A major vodka and scotch whisky player 3. Annual results 2007 4. First quarter 2008 5. Last events and action plan 22 Annual results 2007 Activity evolution Sales (M€) Sales Same perimeter (M€) 1042.3 770,6 830,6 594,4 510,2 + 25,6% + 35,4% + 16,5% 12 months 12 months 2006 2007 12 months 12 months 12 months 2006 2006 2007 Restated data* (*) Integration of Marie Brizard : 1st january 2006. 23 In conformity with IFRS 5 norms, financials have been recalculated for 2006 and 2007 ex non alcoholic activity from Marie Brizard group, which was disinvested in sept 2007 Annual results 2007 Sales breakdown by market Net Sales (duty excluded) Actual 2006 Restated 2006* Actual 2007 (M€) 12 months 12 months 12 months Poland 147.63 36.0% 147.63 31.4% 264.48 41.5% -same perimeter 107.52 26.2% 107.52 22.9% 145.88 22.9% - Distributors 40.11 9.8% 40.11 8.5% 118.60 18.6% France 163.21 39.8% 212.35 45.2% 196.99 30.9% Spain 20.04 4.9% 23.34 5.0% 21.14 3.3% UK 9.67 2.4% 12.67 2.7% 12.08 1.9% Scandinavia 1.06 0.3% 1.06 0.2% 8.35 1.3% Lithuania 20.74 5.1% 20.74 4.4% 22.82 3.6% Bulgaria 14.33 3.5% 14.33 3.0% 15.63 2.5% Russia 4.22 1.0% 4.22 0.9% 4.35 0.7% USA 55.24 8.7% Others 29.23 7.1% 33.74 7.2% 36.78 5.8% Total 410.13 100.0% 470.07 100.0% 637.86 100.0% (*) Integration of Marie Brizard : 1st january 2006. 24 In conformity with IFRS 5 norms, financials have been restated for 2006 and 2007 ex non alcoholic activity from Marie Brizard group, which was disinvested in sept 2007 Annual results 2007 EBITDA Margin change EBITDA (M€) 44,7 39,1 39,9 -> ∆ - 8 M€ French Wine activity -> Non recurrent charges on first half months 2007 : - 3.5 M€ 12 months 12 months 12 months 2006 2006 2007 restated (*) Integration of Marie Brizard : 1st january 2006.