Highlights 2010
Main achievements • • • • • • Achievement of financial targets <strong>de</strong>spite difficult market. A combined capital commitment of EUR 84 million from 3i <strong>and</strong> a financing facility of EUR 140 million secured a sound financial platform from which to grow. The acquisition of Soft Drinks International (SDI) in Germany allows <strong>Refresco</strong> to enter <strong>the</strong> carbonated soft drink market in Germany, thus completing its product portfolio. Successful rollout of SAP to <strong>the</strong> four business units. Fur<strong>the</strong>r rationalization process in Germany. Investments in new lines in several business units <strong>and</strong> profit centers fur<strong>the</strong>r completes our product portfolio. Key figures In millions of EUR Revenue Normalized EBITdA EUR’000 1,400,000 EUR’000 1,300,000 1,200,000 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 2010 2009 Ratio Volume (in millions of ltrs) 3,804 3,393 12.1% Revenue 1,224 1,140 7.4% Operating Profit 61.2 67.6 /9.5% Depreciation 54.0 51.9 4.0% EBITDA 115.2 119.5 /3.6% Normalization* 9.8 1.1 Normalized EBITDA 125.0 120.6 3.6% Net profit Net cash from 8.8 7.6 15.8% operating activities 75.8 94.9 /20.1% People (in fte) 2,527 2,318 9.0% * Normalization relates to <strong>the</strong> cost of acquisitions, capital injection <strong>and</strong> restructurings 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 140,000 130,000 120,000 110,000 100,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 page _ 16 / 17