CREDIt RAtING OF ANADOLU EFES

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Starting its operations in 2 breweries in Turkey, Anadolu Efes is an international powerhouse with its 16 breweries, 7 malteries and 20 Coca-Cola bottling plants in 15 countries. 02
An International Powerhouse… Reaching over 600 million consumers across a wide geographic area, Anadolu Efes carries out its operations through two primary business units: the Beer Group and the Soft Drinks Group. <strong>ANADOLU</strong> <strong>EFES</strong> ANNUAL REPORT 2010 03
Page 1 and 2: ANADOLU EFES ANNUAL REPORT 2010
Page 3: Commencing its operations in 1969 w
Page 7 and 8: owned. The majority shareholders, Y
Page 9 and 10: Soft Drinks Group Anadolu Efes cond
Page 11 and 12: ANADOLU EFES ANNUAL REPORT 2010 09
Page 13 and 14: Turkey Syria Jordan Georgia Iraq Az
Page 15 and 16: CAPItAL AND ShAREhOLDING StRUCtURE
Page 17 and 18: A pioneer in the beverage industry
Page 19 and 20: (1996). • Assets of Toros Biracı
Page 21 and 22: • CCİ reached an agreement to un
Page 23 and 24: • Kazakhstan’s first bottled dr
Page 29 and 30: We strengthened our position furthe
Page 31 and 32: guidance we forecasted that our 201
Page 33 and 34: cases in 2010. While we realized st
Page 35 and 36: Tuncay Özilhan - Chairman (1) Born
Page 37 and 38: authored more than 20 books and hun
Page 39 and 40: Chief Financial officer N. orhun K
Page 41 and 42: Ömer Öğün - Efes Kazakhstan Gen
Page 43 and 44: Berke Kardeş - Commercial Director
Page 45 and 46: N. orhun Köstem - Chief Financial
Page 47 and 48: Özlem Aykaç İğdelipınar - Chie
Page 49 and 50: We completed another successful yea
Page 51 and 52: While responding to changing consum
Page 53 and 54: Anadolu Efes has a 28 percent stake
Page 55 and 56:
eer “Gusta”; the aromatized bee
Page 57 and 58:
herlands-based EBI, which conducts
Page 59 and 60:
to a beer market that has quadruple
Page 61 and 62:
Expanding its market share and stre
Page 63 and 64:
SOFt DRINKS - International All ope
Page 65 and 66:
We add value to life… Anadolu Efe
Page 67 and 68:
contemporary enterprises that ident
Page 69 and 70:
economic and ethical priorities and
Page 71 and 72:
the Arabia CSR Network, was given t
Page 73 and 74:
developments and industrialization
Page 75 and 76:
environment and its contributions t
Page 77 and 78:
informed about the risks associated
Page 79 and 80:
first and only Turkish team to win
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Anadolu Efes launched initiatives i
Page 83 and 84:
• does not feature content claimi
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The Company does not employ child l
Page 87 and 88:
Continued rise in profitability in
Page 89 and 90:
sales and distribution of beer prod
Page 91 and 92:
5 percent extra price increase to c
Page 93 and 94:
In such a challenging year, Turkey
Page 95 and 96:
two Turkish banks; USD 100 million
Page 97 and 98:
Turkey Operation’s full year volu
Page 99 and 100:
TRL 435.0 million and EBITDA margin
Page 101 and 102:
Summary Tables Anadolu Efes Consoli
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turkey Beer Operations Highlighted
Page 105 and 106:
Soft Drink operations (CCİ) Highli
Page 107 and 108:
The official website of the Company
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ANADOLU EFES ANNUAL REPORT 2010 107
Page 111 and 112:
We believe in Corporate Governance
Page 113 and 114:
Our Company complies with and has i
Page 115 and 116:
Our Company’s Annual Report and A
Page 117 and 118:
Investor Relations Manager under th
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section, when the date of the finan
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12. Disclosure of the Persons Entit
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stakeholders is one of the key poli
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career and financial means granted,
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of the Company’s management. In a
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systems are being made against any
Page 131 and 132:
conducts studies for building up a
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C. NET REVENUES Turkey Beer Interna
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at Anadolu Efes. Mr. Cüceloğlu ap
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REPORT OF THE BOARD OF AUDITORS Com
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ANADOLU EFES BİRACILIK VE MALT SAN
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Opinion 4. In our opinion, the acco
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Anadolu Efes Biracılık ve Malt Sa
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CREDIt RAtING OF ANADOLU EFES

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