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Anheuser-BuschInbev Financial analysis 4Q09
Overview General information Financial results 4Q2009 Outlook 2010 Conclusion 2
General information The leading global brewer One of the top 5 consumer products companies in the world Has 4 of the top 10 selling beers 3
General information 2008: take over Anheuser-Busch Six operational zones 116 000 employees in 23 countries ‘The Best Beer Company in a Better World’ 4
Volume performance 5
Cost of sales Operating expenses 6
Revenue 7
Outlook 2010 Completion of divestiture program  	& successful integration of AB  focus on the core business 500 million USD of synergy captures Higher EBITDA growth rates 8
My conclusion AB Inbev     	growing company 			        	realistic view  				good performance 				has increased their sales 				and marketing investments 			 9
Thank you for your attention 10

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Anheuser busch inbev