SABMiller plc announced that the board has proposed a final dividend of 77.0 cents per share for the year, an increase of 11%. This brings the total dividend for the year to 101.0 cents per share, an increase of 10.0 cents over the prior year. Shareholders will be asked to approve this recommendation at the annual general meeting, to held on 25 July 2013. If approved, the dividend will be payable on 23 August 2013 to shareholders registered on the London and Johannesburg registers on 16 August 2013. The ex-dividend trading dates will be 14 August 2013 on the London Stock Exchange and 12 August 2013 on the JSE Limited. The company reported preliminary unaudited group earnings results for the year ended March 31, 2013. For the year, the group reported revenue of $34,487 million against $31,388 million for the same period last year. Revenue was $23,213 million against $21,760 million for the same period last year. Operating profit was $4,203 million against $5,013 million for the same period last year. Profit before taxation was $4,712 million against $5,603 million for the same period last year. Profit for the year was $3,511 million against $4,477 million for the same period last year. Profit attributable to owners of the parent was $3,274 million against $4,221 million for the same period last year. Diluted earnings per share were 203.5 cents against 263.8 cents for the same period last year. Net cash generated from operating activities was $4,101 million against $3,937 million for the same period last year. Purchase of property, plant and equipment was $1,335 million against $1,473 million for the same period last year. Purchase of intangible assets was $144 million against $166 million for the same period last year. Headline earnings were $3,252 million against $2,847 million for the same period last year. Adjusted earnings were $3,796 million against $3,400 million for the same period last year. EBITA was $6,421 million against $5,634 million for the same period last year. Adjusted profit before tax was $5,630 million against $5,062 million for the same period last year. Adjusted earnings per share were 205.9 cents against 266.6 cents for the same period last year. Headline earnings per share were 204.5 cents against 179.8 cents for the same period last year. Adjusted diluted earnings per share were 236.0 cents against 212.5 cents for the same period last year. Net debt reduced by $2,161 million ending the year at $15,701 million. Capital expenditure including intangible assets was $160 million lower than the prior year. The group recorded positive underlying revenue and EBITDA growth, 85% of organic constant currency revenue growth and 96% of EBITDA growth came from LatAm, Africa, South Africa and Asia Pac divisions. For the full year of 2014, capital expenditure is anticipated to amount to about $1.7 billion, with new brewing capacity projects in Africa and Asia-Pacific. The company expects its effective tax rate to be at the similar level achieved in the year to March 2013, in part, reflecting the impact of Foster's, although it recognize the potential for more volatility looking forward. The effective tax rate is expected to remain within the range of 27% to 29% in the medium-term.

SABMiller plc, 2013 Earnings Call, May 23, 2013

SABMiller plc announced that executive chairman Graham Mackay has been diagnosed with a brain tumour. He underwent surgery, and will now embark on a course of treatment. Accordingly, the board has accelerated the planned promotion of Chief Operating Officer Alan Clark to Chief Executive with immediate effect. Mr. Clark was appointed as Chief Operating Officer in July 2012 with a view to succeeding Mr. Mackay as Chief Executive in July 2013 after a transitional period of one year, when it was intended that Mr. Mackay would become Non-Executive Chairman. The board will keep Mr. Mackay's position under review pending the outcome of his treatment, and John Manser, Deputy Chairman, will become Acting Chairman for the time being.