Ambev

AfC.AMB_22162-003_RelatorioAnual2010_440x300 – Pasta 160

dream and realization

annual report 2009

annual RepoRt 2009

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Brazil / Quinsa / Canadá / Hila-ex

“TO BE THE BEST BEVERAGE
COMPANY OF THE WORLD IN A BETTER WORLD”
Dreaming small is as burdensome as dreaming big. So, why not dream big? Why not fight for something that we want and that today seems far away? Dreaming biginspires us to search for alternatives and innovative solutions. it instigates us to do more. This is why the bigger the dream, the bigger our capacity to accomplish. The people working at AmBev dream big and dream together. it was with this spirit that they have shown to the world what the Brazilians are capable of, transforming AmBev into a multinational company managed by Brazilians and puttingour products in the international market. And also seeking to put this spirit in each front where they operate. in innovation, with over 20 new products launched in the last two years. in opportunities for employees – a trainee became president at 39 years old – and in the dream of continuing to grow even in a year of crisis, with over 26 thousand direct jobs. in environmental responsibility,saving enough water per year to supply a city of 150 thousand inhabitants and reducing CO2 emissions by 35% in the last five years. in social responsibility, by being the first company to adopt the responsible consumption flag, in 2002, continually investing in awareness programs and – as the biggest private sector taxpayer – AmBev generates over 11.5 billion reais in taxes per year in Brazil.However, AmBev’s biggest dream is to continue offering the best products, so that Brazilians may celebrate the fulfillment of their own dreams.

OUR VISION

2009 ANNUAL REPORT CONTENTS
05 Best in a Better World 07 13 Our Financial Performance 11 Well Positioned 15 25 Strong Brands 21 26 33 Quinsa 34 37 HiLA-ex 35 AmBev People 43 54 Dream & Fulfillment 51 54 57 Corporate Governance Canada GlobalLanguage To the Shareholders

AmBev Operations Cerveja Brasil 31 RefrigeNanc

BM&F Bovespa & NYSE Shareholders’ Remuneration 55 Champion Leadership

Financial Statements

05

AmBev is part of the world’s largest beer production and sale platform through Anheuser-Bush inBev. individually it is the fifth largest brewery of the world. it is the leader of the Latin American market, producingand selling beer, soft drinks, and other non-alcoholic beverages. Our dream, shared with over 40 thousand employees in the three Americas, is to be the Best Beverage Company in a Better World. And, to fulfill this dream, we work strongly, striving to build a sustainable company through actions that, in addition to bringing economic results, generate values and benefits for society and for theenvironment. We count on the AmBev People for our dream to come true, a team formed by the best people in the marked, who act as if they are owners of the business and are always seeking improvement. With this attitude, we have built a Company that makes the AmBev People and our consumers proud – the reason for being of our business. For them, we strive to create the best brands of the market andquality products. Today, our portfolio includes the main beer brands, four of them among the 10 most sold in the world: Skol (the fourth most consumed), Brahma, Budweiser and Bud Light. We are beer market leaders in various Latin American countries, as in Brazil with Skol, in Argentina with Quilmes Cristal and in Bolivia with Paceña. in 2009, AmBev’s net revenue increased by 11.1% in organic terms ascompared with 2008, reaching R$23,194.00 million, while our net income reached R$5,986.10 million.

BEST IN A BETTER WORLD

07
2009

NET REVENUE
(R$ million)

NET INCOME
(R$ million)

2008

2009

2007 23.194

2008

OUR FINANCIAL PERFORMANCE

2006 20.713 2005 19.580

2007 5.986

2006 17.614* 15.959* 2004 12.007* 2005 5.119 5.003 2.806* 1.546* 2004 1.162*

Gross revenue...