20.11.2012 Views

CREDIt RAtING OF ANADOLU EFES

CREDIt RAtING OF ANADOLU EFES

CREDIt RAtING OF ANADOLU EFES

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

eer “Gusta”; the aromatized beer “Mariachi”; and some of the world’s most<br />

famous brands produced under license, such as “Miller Genuine Draft,”<br />

“Beck’s” and “Foster’s.”<br />

The product range was further expanded in 2010. Lending its name to the<br />

district where it opened its doors, Bomonti, the first beer of this land, laid<br />

the foundation of beer culture in Turkey and blazed a trail with the country’s<br />

first “beer gardens,” has once again found its place on the shelves with its<br />

pure malt taste. With its agave-lemon aroma, dry taste and alcohol level of 6<br />

percent by volume, “Mariachi Dry,” which is fast on its way to becoming the<br />

drink of choice for night life, which was launched in June 2010.<br />

Previously offered in 50cl cans, “Marmara Kırmızı” was re-launched to the<br />

market in 75cl cans; “Becks” and “Mariachi Black” were offered to customers<br />

in new packaging.<br />

Anadolu Efes’ wholly owned subsidiary EFPA continued to conduct sales,<br />

distribution and marketing throughout 10 sales regions in Turkey in 2010.<br />

With 192 retailers and 28 distributors, EFPA has a powerful logistics network<br />

that distributes its products throughout Turkey.<br />

Anadolu Efes conducts sales in Turkey’s five largest cities through its in-house<br />

sales force. In other regions, Anadolu Efes uses exclusive dealers and third party<br />

distributors for warehousing and delivery operations. This organizational structure<br />

has enabled Anadolu Efes to efficiently focus on its sales activities. Any issues<br />

that may arise within this structure are minimized as a result of the strong and<br />

healthy working relationship that Anadolu Efes has established with its dealers.<br />

Widely dispersed plants throughout Turkey allow for the deployment of the<br />

most efficient production and distribution network in terms of cost control.<br />

The fact that a significant proportion of beer sales in Turkey takes place via<br />

returnable bottles signifies the importance of two-way distribution channels.<br />

At the beginning of 2010, domestic sales volume of the Company’s Turkey<br />

beer operations was forecast to fall by a low single digit percentage. This<br />

estimate was based on a 14 percent price increase to reflect the excise tax<br />

hike of 35 percent, lower increases in prices of other alcoholic beverages<br />

compared to that of beer and continuing difficult economic conditions.<br />

Although 12 liters of per<br />

capita beer consumption<br />

in Turkey is low<br />

compared to European<br />

average, considering the<br />

relatively large population<br />

of Turkey, the volume<br />

of total consumption<br />

has increased above<br />

some countries that<br />

have higher per-capita<br />

consumption figures but<br />

smaller populations<br />

<strong>ANADOLU</strong> <strong>EFES</strong> ANNUAL REPORT 2010 53

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!