Annual Report 2010 - Baltika Breweries

Recommendations

Info

China The Republic of South Africa 14 USA Brazil Russia Germany Japan Mexico Great Britain Poland Baltika Breweries | Annual report 2010 International Beer Market In 2010, Russia remained the position of the fourth largest global beer market in terms of volume, with per capita beer consumption totalling 66 liters (Company’s estimate). Czech Republic 44 35 33 2010 global leaders in beer market volume, million hectoliters 69 64 88 94 126 239 454 Source: Euromonitor (estimate) Germany Slovakia Austria Ireland Slovenia Estonia Belgium Australia Poland Finland USA Bulgaria Romania Russia Global leaders of 2010 in terms of per capita beer consumption, liters 66 77 77 76 81 89 87 91 90 102 102 101 98 108 151 Source: Euromonitor (estimate), Baltika internal data
Beer Market. The Company’s Position Leading international breweries 56 % 19 % 2010 Four companies still control approximately 45 % of the international beer market. The Company’s Global Position The Company’s products are sold in more than 70 countries worldwide. Every sixth bottle of Baltika beer is sold abroad. The Company holds a 70 % share of the total volume of beer exported from Russia. In 2010, the sales volume abroad for the Company’s brands grew 19 % compared with 2009, exceeding 3.3 million hectoliters in natural units. The share of sales abroad in the Company’s total sales volume increased in 2010, totaling approximately 8.4 %. The Baltika brand makes up more than 70 % of the Company’s total sales abroad. During 2010, the Company entered major Latin American markets, including Mexico and Brazil. The Company also launched sales in Cameroon and Congo and expanded its presence in Europe, as well as in Asian and Pacific countries. 6 % Deliveries of licensed Asahi Super Dry to France and Italy were launched in January. The Company is licensed to produce bottled (0.44l) Asahi Super Dry beer for 36 European countries. The Company is also authorized to distribute this brand in Russia, the Baltic countries and numerous CIS countries. Deliveries of Baltika No. 6 Porter beer to Finland were launched in February. Baltika No. 3 Classic became the only Russian beer available on the high-speed St. Petersburg- Helsinki Allegro trains. 10 % 9 % Anheuser-Busch Inbev SABMiller Heineken Carlsberg Others Source: Euromonitor The Company continued its integration into the Carlsberg Group, with a line of licensed brands consisting of Baltika No. 0 Non-Alcoholic, Baltika No. 3 Classic and Baltika No. 9 Extra produced in Ukraine by the Slavutich breweries complemented by Baltika No. 7 Export brand. The Company signed licensing agreements with Carlsberg Group companies A/S Aldaris (Latvia), Saku Olletehase AS (Estonia) and Svyturys- Utenos Alus (Lithuania) for promoting, selling and distributing Baltika beer in Latvia, Estonia and Lithuania. In 2010, the Company developed a unique new product — a natural malt-based non-alcoholic drink with four flavors: Baltika No. 0 Grain, Вaltika No. 0 Apple, Baltika No. 0 Lemon and Baltika No. 0 Ginger. The beverages are produced from non-fermented beer wort and have a rich malt flavor and the thirst-quenching capacity of light beer, while containing no alcohol. Sales of the new product started in the Middle East in December. During 2010 the Company represented the Russian brewing industry at different international occupational fairs, festivals and contests, and received numerous awards for the quality of its products. 15
Page 3 and 4: Contents PRESIDENT’ STATEMENT . .
Page 5 and 6: President’s Statement Dear Ladies
Page 7 and 8: The Company in 2010 agencies, Balti
Page 9 and 10: Company’s Philosophy The Winning
Page 11 and 12: Main Events of 2010 July July 9 th
Page 13 and 14: Beer Market. The Company’s Positi
Page 15: Beer Market. The Company’s Positi
Page 19 and 20: Brand Portfolio Beer brands Super p
Page 21 and 22: Baltika No. 20 Jubilee Baltika No.
Page 23 and 24: Brand Portfolio The Company intends
Page 25 and 26: Brand Portfolio Each of these award
Page 27 and 28: Financial Position In 2010, an unpr
Page 29 and 30: Financial Position Liquidity and ef
Page 31 and 32: Key Projects Logistics The Company
Page 33 and 34: Key Projects Quality Management Sys
Page 35 and 36: Key Projects Renovating Grain Stora
Page 37 and 38: Key Projects Professional Awards Th
Page 39 and 40: The Company’s philosophy is based
Page 41 and 42: Corporate Social Responsibility Lab
Page 43 and 44: Corporate Social Responsibility In
Page 45 and 46: Corporate Social Responsibility Ear
Page 47 and 48: Corporate Social Responsibility Com
Page 49 and 50: Taxes Corporate Social Responsibili
Page 51 and 52: Baltika adheres to best practice co
Page 53 and 54: Anton Artemiev President Governance
Page 55 and 56: Corporate Governance Decreasing cha
Page 57 and 58: Hans Kasper Madsen Born 1961, highe
Page 59 and 60: Corporate Governance The Audit Comm
Page 61 and 62: Corporate Governance Credit risk ma
Page 63 and 64: Securities Shares in Circulation Th
Page 65 and 66: Securities Dividend Policy The Comp
Page 67 and 68:
Contents Independent Auditors’ Re
Page 69 and 70:
Consolidated Statement of Financial
Page 71 and 72:
Consolidated Statement of Comprehen
Page 73 and 74:
Consolidated Statement of Cash Flow
Page 75 and 76:
Notes to the Consolidated Financial
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
(ii) Interest rate risk Changes in
Page 95 and 96:
Page 97 and 98:
2010 Corporate Transactions that ar
Page 99 and 100:
Date and Approval Authority No Cont
Page 101 and 102:
Date and Approval Authority No Cont
Page 103 and 104:
Information for Shareholders and In
Page 105 and 106:
Сontact Information To arrange a g
show all

Annual Report 2010 - Baltika Breweries

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

Delete template?

Save as template?