Constellation Brands, Inc. · NYSE:STZ
Constellation Brands — Merger or Acquisition (January 2003)
6 slides from Constellation Brands's merger presentation, Jan 17, 2003
Slide 1: Forward Looking Statements; BRL Hardy
Forward Looking Statements This presentation contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements which are not historical facts and relate to future plans, events or performance are forward-looking
Slide 2: Strategic Attributes
3 Strategic Attributes • Consistent with our growth strategy • Improves long term growth trends • Increases product depth and geographic reach • Enhances scale, industry strength and competitiveness • Meets acquisition guidelines • Growing category • New platform • Critical mass market • Superior ta
Slide 3: Growth in Critical Markets
• Emerges as the wine category leader in the U.K. and holds leading wine positions in critical markets: Wine: #1 Australia (24% share) #1 U.K. (10% share) #2 U.S. (20% share) #2 New Zealand (14% share) Beer, Spirits & Other: #1 U.K. independent drinks wholesaler #2 U.S. imported beer #2 U.K. cider #
Slide 4: Purchase Price and BRL Hardy EBITDA/Valuation
9 New World Wine Import Market Total Import 3 Year New World 3 Year Country Share% CAGR% Share% CAGR% Canada 71 7.4 30 22.0 Germany 52 0.4 4 27.1 Denmark 100 3.3 17 16.2 Sweden 100 6.6 19 10.0 Ireland 100 11.8 23 22.9 Netherlands 100 1.3 61 27.0 Switzerland 61 0.2 20 87.5 Japan 59 —8.5 9 —4.5 Source
Slide 5: Financing Proposal
Financing Proposal (In millions of US$) Sources of Funds New Credit Agreement(1) $ 1,291 STZ Equity(2) $ 375 Total Sources $ 1,666 Uses of Funds BRL Equity $ 1,100 BRL Debt $ 325 Old STZ Credit Agreement $ 241 Total uses of Funds $ 1,666 (1)Excludes $294 undrawn of $400 revolver and transaction cost
Slide 6: TRAN
(7 ( TRAN Constellation ys T1 ol BRL HARDY Vil OMPAN
Constellation Brands — Merger or Acquisition (January 2003) on 6ix