SABMiller increases its 2016 full year dividend by 8%

DividendMax Ltd.

SABMiller increases its 2016 full year dividend by 8%

Highlights

− Group net producer revenue (NPR) grew by 5%, with group NPR per hl growth of 3%.

− Group beverage volumes increased by 2%, with lager volumes up 1% and soft drinks volumes up 6%.

− EBITA grew by 8% and EBITA margin3 increased by 60 basis points (bps).

− The depreciation of key operating currencies against the US dollar impacted results such that reported group NPR,
 EBITA and adjusted EPS declined by 8%, 9% and 6%, respectively.

− Exceptional charges of US$721 million4 principally relating to the impairment of our investments in Angola and South Sudan, together with costs associated with the Anheuser-Busch InBev SA/NV (AB InBev) transaction.

− Adjusted constant currency EPS grew by 12%5.

− Free cash flow of US$2,969 million.

 Full year dividend per share of 122.0 US cents, up 8% on prior year, with final dividend of 93.75 US cents per share payable on 12 August 20166. AB InBev and SABMiller do not anticipate completion of the recommended acquisition prior to this date.

Companies mentioned