Page 1 Carlsberg from regional player to world’s fourth largest brewer in 12 years Carlsberg Group 1999 Market share Carlsberg Group 2011 Market share Market leader Market leader Top 2-4 Top 2-4 Volume: 5.000.000.000 L Page 2 Volume: 11.500.000.000 L Carlsberg Group today No. 1 in Northern & Eastern Europe and fourth largest brewer in the world 150 markets around the world 500 different beer brands 41,000 employees on three continents 11,500,000,000 Litres of beer produced in 2011 Page 3 Carlsberg geography A balance between mature and growth markets WESTERN EUROPE EASTERN EUROPE 42% 40% OF TOTAL VOLUME Page 4 OF TOTAL VOLUME ASIA 18% OF TOTAL VOLUME The beer industry contributes positively to the European economy • 3,638 breweries across all Member States in the EU. • 2 million jobs in the European Union attributed to the production and sale of beer (1% of all jobs in Europe). • 51 billion EUR in government revenues.* • 50 billion EUR in value added (GDP growth). • More than 900 million EUR supporting local communities. Government revenues from production and sale of beer in the European Union, 2010. Value added from production and sale of beer in the European Union, 2010. x * Including VAT, excise, income taxes, payroll taxes and social security contributions, but excluding corporate taxes, property taxes, community taxes, environmental taxes, vehicle excise duty and stamp duty land tax. Page 5 The European Beer industry is declining due to higher taxes and lower consumer spend • Production and consumption of beer is declining lower contribution to the EU economy. • 260.000 jobs in the beer sector and related industries lost since 2008. • Relatively more beer is being consumed at home instead of in bars or restaurants, resulting in fewer jobs, less value added and lower government revenue. • Higher excise taxes will exacerbate these problems; lead to excessive boarder trade, lower growth and joblosses. And it will not solve health issues! Page 6 Future Growth vision for Europe • Allow business to grow and prosper. • Recognise – in law and in lyrics – that growth and profit is good. For business and for society as a whole. • Complete the Single Market and prevent protectionist national measures. • Support European businesses’ growth outside of the EU. • Avoid too bureaucratic legislation and rely on Self-Regulation! Page 7 TM