Annual Report ‘05

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 : 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

You can go on investing in SAB Miller !!