Slide 1: Preliminary Results 2013
PRELIMINARY ae RESULTS 2013s YEAR ENDED 30 JUNE 2013 roe
Slide 2: Making a strong business stronger
Making a strong business stronger Performance ambition F13 delivery Sustained top line growth 5% organic net sales growth 0.8 ppt organic operating margin Expand operating margin improvement Enhanced financial strength £1.5 billion free cash flow eps pre-exceptional items up Double digit eps growth
Slide 3: Key highlights
Key highlights • £0.5 billion additional net sales* • An incremental 1 million cases of Johnnie Walker, now over 20 million cases • Innovation was up nearly 30% this year contributing over 50% of our growth • We fully integrated Mey İçki, Ypióca, Shuijingfang and Meta Abo 3 Year ended 30 June 2013.
Slide 4: Our growth model
Our growth model • Focus on strategic brands • Scale in emerging markets is now also driving top line growth and margin expansion • Leading position in US spirits, driving top line growth and margin expansion • Our geographic breadth mitigates the impact of individual market challenges 4
Slide 5: Delivering efficient growth from our strategic brands
Delivering efficient growth from our strategic brands 58 Asia Pacific emerging 352 108 LAC 102 AEET Strategic 2,167 brands 165 163 North America (21) Asia Pacific developed Net sales growth Other (590) £m (58) Western Europe Net sales growth from Volume growth strategic brands £m EU k Year ended 30
Slide 6: Scale in the emerging markets drives top line growth and margin expansion
Scale in the emerging markets drives top line growth and margin expansion Net sales growth £m Operating margin expansion bpts Asia Pacific emerging 70 326 297 LAC 182 170 AEET 198 15 Emerging LAC Asia Pacific AEET markets emerging 6 Year ended 30 June 2013. Organic growth.
Slide 7: Making a strong business even stronger
Making a strong business even stronger Enhancing our position as Increasing our presence the #1 spirits company in the emerging markets in North America of the world Leading brands across categories and global reach Earning trust and Capturing efficient growth respect for our actions and performance
Slide 8: Industry leading brands across categories
Industry leading brands across categories Net sales % % 100 100 Wine Local spirits 75 Liqueurs 75 RTDs Vodka Rum Whiskey Beer 50 50 Beer 25 Vodka 25 Scotch Scotch 0 0 Developed markets Emerging markets Tequila, gin, flavoured and local spirits not included Liqueurs, rum, wine, gin, whiskey, tequila
Slide 9: Enhancing our position as the #1 spirits company in North America
Enhancing our position as the #1 spirits company in North America 9
Slide 10: Increasing our presence in the emerging markets of the world
Increasing our presence in the emerging markets of the world 10
Slide 11: Capturing efficient growth
Capturing efficient growth • Improving performance in Western Europe • Premiumising, especially in scotch • Managing costs to invest in growth 11
Slide 12: Earning trust for actions and performance
Earning trust for actions and performance 12
Slide 13: Making a strong business even stronger
Making a strong business even stronger
Slide 14: Questions
Questions na
Slide 15: Cautionary statement concerning forward-looking statements
Cautionary statement concerning forward-looking statements This presentation contains ‘forward-looking’ statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. In particular, forward-looking statements include all statem