News
Delivering growth from our global footprint
9 November 2006
London and Johannesburg, 9 November 2006. SABMiller plc today announces its interim (unaudited) results for the six months ended 30 September 2006. Highlights are:
| Sept 2006 US$m | Sept 2005 US$m | % change | March 2006 US$m | |
|---|---|---|---|---|
| Revenue (a) | 9,344 | 7,051 | 33% | 15,307 |
| EBITA (b) | 1,781 | 1,264 | 41% | 2,941 |
| Adjusted profit before tax (c) | 1,533 | 1,192 | 29% | 2,626 |
| Profit before tax | 1,378 | 1,126 | 22% | 2,453 |
| Adjusted earnings (d) | 846 | 667 | 27% | 1,497 |
| Adjusted earnings per share (d) - US cents | 56.6 | 52.7 | 7% | 109.1 |
| - UK pence | 30.5 | 28.9 | 6% | 61.0 |
| - SA cents | 385.2 | 340.5 | 13% | 699.2 |
| Basic earnings per share (US cents) | 52.9 | 51.3 | 3% | 105.0 |
| Interim dividend per share (US cents) | 14.0 | 13.0 | 8% | |
| Net cash generated from operations | 2,152 | 1,289 | 67% | 3,291 |
- Group lager volumes up 29% to 117 million hectolitres (hl), organic growth of 9%
- South American volumes exceeding expectations
- Continued strong volume and earnings growth in Europe
- Performance in North America reflects challenging trading conditions
- Excellent volume growth in China and India
- South Africa earnings driven by premium segment growth
- Interim dividend increase of 8%, supported by strong cash flows
| 2008 EBITA US$m | Reported growth % | Organic, constant currency growth % | |
| 2006 | Reported | currency | |
| EBITA | growth | growth | |
| US$m | % | % | |
| Europe | 485 | 28 | 21 |
| North America | 253 | (12) | (12) |
| Africa and Asia | 240 | 14 | 14 |
| South Africa: Beverages | 411 | 10 | 15 |
| South Africa: Hotels and Gaming | 44 | 16 | 22 |
| Corporate Sub-total | (39) | - | - |
| 1,394 | 13 | 13 | |
| Latin America (1)Group | 387 | n/a | n/a |
| 1,781 | 41 | 13 |
(1) No metrics have been given for Latin America as the inclusion of South America has materially changed the composition of this segment such that growth statistics are not meaningful.
Statement from Graham Mackay, chief executive
“This good start to the year is a further demonstration of the advantage we enjoy in our access to growth markets and our ability to offer our customers and consumers comprehensive and varied portfolios of unique beer brands.
“The combination of strong volume growth together with good earnings contributions from around the group supports our confidence for the future.”
View the Interim Announcement news release PDF 0.13Mb
Enquiries
SABMiller plc
Tel: +44 20 7659 0100
Sue Clark
Director of Corporate Affairs
Mob: +44 7850 285471
Gary Leibowitz
Senior Vice President, Investor Relations
Mob: +44 7717 428540
Nigel Fairbrass
Head of Media Relations
Mob: +44 7799 894265
A live webcast of the management presentation to analysts will begin at 9.30am (GMT) on 9 November 2006. This announcement, a copy of the slide presentation and video interviews with management are available on the SABMiller plc website at www.sabmiller.com. Video interviews with management can also be found at www.cantos.com.
High resolution images are available for the media to view and download free of charge from www.vismedia.co.uk
Copies of the press release and the detailed Interim Announcement are available from the Company Secretary at the Registered Office, or from 2 Jan Smuts Avenue, Johannesburg, South Africa.
Registered office: SABMiller House, Church Street West, Woking, Surrey, GU21 6HS Incorporated in England and Wales (Registration Number 3528416)
Telephone: +44 1483 264000
Telefax: +44 1483 264117