Latin America

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Future strategy

Strategic focus areas

Drive strong top-line growth by expanding consumer occasions and entering adjacent categories
Increase share of alcohol and capitalise on differentiated and expanded brand and package portfolios
Optimise and extend distribution network and sales reach

Protect our licence to trade and business sustainability
Pursue operational excellence and efficiency in our businesses, optimising resources and costs

Medium-term value drivers*

Volume

5% – 8%

Revenue per hectolitre

2% – 4%

EBITA margin

60 – 100 bps average per year

*Previously presented indicative CAGR ranges: valid as of 5 July 2011.

These CAGR indications represented management's view as of 5 July 2011 (the date of the LatAm Divisional Seminar) and are included here for investors' reference. SABMiller does not update these value driver indicators outside the normal course of our quarterly divisional seminar series, and their inclusion herein does not comprise a reiteration thereof.