john philips managing director emea beringer blass wine estates 17 th may 2004 deutsche bank new world conference growing in a turbulent foster s organisation three core operating businesses brewing international cub beverages tradebeer jv europe usa clubs spirits rtd integrated ops china india vietnam fiji services cider net sales revenues fy03 ebitas 41 1 54 4 fbi 5 3 6 lensworth 2 39 total 037 7m includes corporate 56 2m and alh 122 3m since divested revenue 731 5m agenda market dynamics evolution turbulence winning model for premium wolf the growth story conclusions beverage contrast is moving from special occasions to an everyday affordable luxury source canadean research 2003 uk consumption vs soft drinks beer & 80 0 100 120 140 160 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003f v o l u me i n d ex 993
