44c93a60__PLC___Annual_Financial_Report__4
[0] Industry consolidation [1] The global brewing and beverages industry is expected to continue to consolidate. There will continue to be opportunities to enter attractive growth markets, to realise synergy benefits from integration and to leverage our global scale. [2] • Failing to participate in value-adding transactions. • Paying too much to acquire a business. • Not implementing integration plans successfully. [3] Lower growth rate, profitability and financial returns. [5] • Creating a balanced and attractive global spread of businesses. • Constantly raising the profitability of local businesses, sustainably. [4] 
• Potential transactions are subject to rigorous analysis. Only opportunities with potential to create value are pursued. • Proven integration processes, procedures and practices are applied to ensure delivery of expected returns. • Activities to deliver synergies and leverage scale are in place, monitored closely and continuously enhanced. • Develop non-traditional capabilities to enter and grow profitably in new markets.
SABMiller PLC - Annual Financial Report
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