Alcoholic Drinks Forecast Revisit: Changing Growth Scenarios and Corporate Responses

Introduction

Scope

• Introduction

Objectives of global briefing

• Introduction

Key findings

• Introduction

Operating Environment

Emerging markets to drive global GDP growth

• Operating Environment

Emerging market focus boosts spirits companies

• Operating Environment

Global brewers take advantage of wide geographic coverage

• Operating Environment

Potential revision to beer volume forecasts in line with results

• Operating Environment

Regional Analysis

Changing global conditions lead to possible changes

• Regional Analysis

Western Europe’s prospects look bleak and could get worse

• Regional Analysis

Greek alcoholic drinks market suffers with the economy

• Regional Analysis

Portugal starts to go the same way as Greece

• Regional Analysis

Recovery still awaited in North America

• Regional Analysis

US consumers shifting away from beer

• Regional Analysis

Australasia – A high-margin mature market

• Regional Analysis

Premium lager growth slowing down in Australia

• Regional Analysis

Unexpected recovery in Eastern Europe

• Regional Analysis

Russian beer category returning to growth

• Regional Analysis

Renewed economic growth boosts international spirits in Russia

• Regional Analysis

Substantial growth potential in Middle East and Africa

• Regional Analysis

Growing per capita beer consumption

• Regional Analysis

Trade agreement boosts still light grape wine in South Korea

• Regional Analysis

Impact of Japanese earthquake minimal

• Regional Analysis

Latin America: Strong value growth

• Regional Analysis

Brazil drives beer market growth in Latin America

• Regional Analysis

Economic downturn in Venezuela

• Regional Analysis

Overheating emerging markets cause threat

• Regional Analysis

Corporate Responses

Corporate response to changing conditions

• Corporate Responses

Geographic spread of top brewers

• Corporate Responses

A-B InBev focuses on organic growth

• Corporate Responses

Major brewers focus on emerging markets

• Corporate Responses

Carlsberg and Molson Coors still need to work on their footprint

• Corporate Responses

Limited scope for acquisitions in the consolidated beer market

• Corporate Responses

Foster’s versus Schincariol

• Corporate Responses

Carlton United Brewers is a strong player in a mature market

• Corporate Responses

Schincariol is a struggling player in a fast growing market

• Corporate Responses

Brewers concentrate on value growth in mature beer markets

• Corporate Responses

Pernod Ricard outperforming Diageo in volume growth terms

• Corporate Responses

Diageo’s changes focus to emerging markets

• Corporate Responses

Diageo looks to acquire emerging market presence

• Corporate Responses

Still more work for Diageo to do in emerging markets

• Corporate Responses

Pernod Ricard’s emerging market focus

• Corporate Responses

Pernod Ricard acquire key Beam brands to augment portfolio

• Corporate Responses

Fortune Brands break up leaves Beam division open to acquisition

• Corporate Responses

Beam Inc’s key brands and possible acquirers

• Corporate Responses

Pernod Ricard expected to be the largest gainer

• Corporate Responses

Diageo pricing blended Scotch in Russia

• Corporate Responses

Pernod Ricard use cheaper local brands as base for expansion

• Corporate Responses

Emerging/mature split not key in wine geographic diversification is

• Corporate Responses

Two possible models for wine company expansion

• Corporate Responses

Treasury Wine Estates pushes premium wines in its key markets

• Corporate Responses

Recommendations

A balanced portfolio remains key to counteract volatile markets

• Recommendations