Financial Summary

SABMiller plc - Financial Summary for the years ended 31 March US$m 2014 Restated 2015 Actual   2016 Actual
Lager volumes (hl m)
   Total volumes (hl m)
245
318
246
324
249
331
 Group NPR 26,719 26,288 24,149 
Group EBITA
   Group EBITA margin
6,460
24.2%
6,367
24.2%
5,810
24.1%
Group EBITDA
   Group EBITDA margin
7,884
29.5%
7,762
29.5%
7,097
29.4%
Adjusted earnings 3,865 3,835  3,604
Adjusted basic EPS (US cents)
   Adjusted constant currency EPS growth
242.0
9%
239.1
5% 
 224.1
12%
Dividend per share (US cents) 105.0 113.0 122.0 
Capital expenditure (subsidiaries only)1  1,485 1,572 1,313 
Free cash flow2 2,563 3,233 2,969 
Net debt (subsidiaries only) 14,303 10,465 9,638 
Effective Tax Rate  26.0% 26.0% 26.3% 

1 including intangibles

2 comprises net cash generated from operating activities less cash paid for the purchase of property, plant and equipment, and intangible assets, net investments in existing associates and joint ventures (in both cases only where there is no change in the group's effective ownership percentage) and dividends paid to non-controlling interests plus cash received from the sale of property, plant and equipment and intangible assets and dividends received

Notes:

Financial definitions are available in the Annual Report, including non-GAAP metrics

All figures Reported, other than constant currency EPS growth

Non GAAP summary table (Group NPR, EBITA and EBITDA shown before exceptional items)