Beer market of Russia 2016: PET goes to draftThe beer market of Russia was warmed up by the hot summer, but the preparation for large volume PET prohibition has already impacted it negatively. The year was successful for Efes, MBC and regional producers; Carlsberg’s positions were virtually stable but AB InBev and Heineken lost a part of market share having focused on the sales profitability. The dynamics of big brands was determined by how much the companies were willing to keep the prices down or by their promotional activity. In this context the economy segment of the beer market and sales of inexpensive draft beer were increasing. The premium segment started shrinking due to license brands migrating to the mainstream segment.
Beer market of Vietnam: “Young tiger”Vietnam is one of the few big beer markets that continue to grow steadily. The beer popularity results from its low price, street consumption culture, and social motives. The outlooks of beer market as well as the Vietnamese economy inspire optimism, though the country is heavily dependent on export of goods. The state regulation can be called liberal, but the key risk for brewers is harbored in intensive rising of excise. Within TOP-4 there are two leaders, Sabeco and Heineken that grow at the fastest rates. The first company effectively employs its capacities, the second one focuses on marketing technologies. Almost 80% of the market belongs to century-old brands, yet the middle class and the youth are shifting their interest toward international premium that is growing taking share from the mainstream.
Analysis of beer market in China (on Russian)
Beer market of Ukraine: big three losing weightIn 2016, fast increase of excises and resulting price spike stood in the way of the beer market stabilization. Most of competition (as well as mass sorts) moved to the economy segment of the market. The biggest losses were incurred by the leading three, especially Obolon, which again experienced pressure after reallocation of Efes market share. However, one should already speak of TOP-4. Group Oasis CIS (PPB) became a strong player and competitor to transnational companies. Besides the net sales of many regional medium breweries look rather good and 16-fold cost reduction wholesale trade license for craft brewers opens up a possibility of rapid growth in 2017.
RLPC-ABInBev seeks to cut pricing on $8 bln loan
The company has asked its banks to cut pricing on the $8 billion revolving credit to around 45 basis points (bp) from around 75 bp, banking sources said.
ABInBev joins a long list of highly-rated blue-chip companies that are taking advantage of improved loan market conditions to cut the pricing on loans arranged only last year.
The changes are being done via a loan amendment which is being arranged by ABInBev, one of the sources said. AB InBev declined to comment.
AB InBev secured $17.2 billion of long-term financing in February 2010 which refinanced the remainder of the company's $45 billion loan facilities that financed the acquisition of Anheuser-Busch in 2008.
The $17.2 billion of loans comprised a $5 billion, five-year term loan paying 117.5 bp over LIBOR, an $8 billion, five-year revolving credit facility paying 97.5 bp over LIBOR and $4.2 billion of bilateral facilities.
The bilateral facilities were cancelled at the end of March 2010.
Margins on the $8 billion revolving credit fell to the current 75 bp level from 95 bp after ABInBev's rating was upgraded by the ratings agencies. The company is rated A- by Standard & Poor's, Baa1 by Moody's and A- by Fitch.
The $8 billion revolving credit facility also paid a commitment fee of 35 percent of the margin on undrawn available funds and a utilisation fee of up to 30 bp depending on the amount drawn.
10 Jun. 2011