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Constellation Today |
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•$2.7 billion net sales
•Major U.S. and U.K. presence
•Leading positions in Beer, Wine and Spirits
•4-year EPS CAGR 24%
•S&P Midcap 400 component
2
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Operating Strategy |
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•Offer a broad product range to capitalize on diverse consumer preferences
•Develop innovative products and powerful brands
•Leverage scale in supply and distribution
•Devote resources to faster growing categories
•Maintain customer focus through individual business units
3
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Broad and Balanced |
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No single category drives results
4
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Leading Brands Across Categories |
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5
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U.S. Case Volume |
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6
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Strategic Vision |
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•100% beverage alcohol focused
•Keep portfolio positioned for top-line organic growth of 6%-8%
•Increase relative importance to customers in current core markets
•Build presence in other markets of critical mass
7
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Financial Performance(a) |
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19 consecutive quarters |
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(a) Fical year ended on the last day of February |
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(b) Adjusted for EITF 01-09 |
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(c) Before extraordinary item |
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(d) Adjusted for FAS142 – Goodwill Amortization |
8
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Credit Statistics |
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Fiscal year ended Feb 28 |
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2000 |
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2001 |
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2002 |
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Q3 ’03 |
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Debt / EBITDA |
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4.4x |
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4.0x |
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3.3x |
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2.8x |
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Debt / Book Cap |
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69 |
% |
69 |
% |
60 |
% |
54 |
% |
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Debt / Market Cap |
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60 |
% |
53 |
% |
36 |
% |
37 |
% |
9
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Summary |
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•Industry leader
•Strong management
•Positive financial outlook
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