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DR PEPPER SNAPPLE GROUP, INC
Segment Result
For the Years Ended Dec 31,
2010
Net Sales
Bevarage concentrates
$
1,156 21% $
Packaged beverages
$
4,098 73% $
Latin America beverages
$
382 7%
$
$
5,636 100% $
2009
1,063 19%
4,111 74%
357 6%
5,531 100%
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DR PEPPER SNAPPLE GROUP, INC
Net Sales
2010
2009
21%
19%
Packaged beverages
73%
74%
7%
6%
We have built our business over the last three decades through a ser
mid-1990's, we began building on our then-existing Schweppes busin
and a license for Sunkist soda. We also acquired the Peafiel busines
having previously made minority investments in the company. In 199
Group, Inc., ("DPSUBG"), which was then our largest independent bot
we acquired Snapple and other brands, significantly increasing our sh
Cadbury Schweppes Americas Beverages by integrating the way we m
Dr Pepper/Seven Up and Mexico). During 2006 and 2007, we acquired
and integrated them into our Packaged Beverages segment, thereby
We were incorporated in Delaware on October 24, 2007. In 2008, Cad
its beverage business in the U.S., Canada, Mexico and the Caribbean
confectionery business by contributing the subsidiaries that operated
oyeksikan th 2020 di
80%
70%
Dr Pepper
Snapple
Segment Result
60%
50%
Bevarage conc
40%
Packaged beve
Latin America
30%
20%
10%
0%
2010
2009
ee decades through a series of strategic acquisitions. In the 1980's through the

existing Schweppes business by adding brands such as Mott's, Canada Dry and A&W
uired the Peafiel business in Mexico. In 1995, we acquired Dr Pepper/Seven Up, Inc.,
ts in the company. In 1999, we acquired a 40% interest in Dr Pepper/Seven Up Bottling
r largest independent bottler, and increased our interest to 45% in 2005. In 2000,
ificantly increasing our share of the U.S. NCB market segment. In 2003, we created
y integrating the way we managed our four North American businesses (Mott's, Snapple,
06 and 2007, we acquired the remaining 55% of DPSUBG and several smaller bottlers
erages segment, thereby expanding our geographic coverage.
er 24, 2007. In 2008, Cadbury Schweppes plc ("Cadbury Schweppes") separated
Mexico and the Caribbean (the "Americas Beverages business") from its global
subsidiaries that operated its Americas Beverages business to us.
CSDs
#1 in its flavor category and #2 overall flavored CSD in the U.S.
Distinguished by its unique blend of 23 flavors and loyal consumer following
Flavors include regular, diet, cherry and Dr Pepper TEN
Oldest major soft drink in the U.S., introduced in 1885
Dr Pepper
Snapple
Segment Result
Packaged beverages
er following
Dr Pepper Snapple Group Financial Position

US Dollar)
(expressed in million Of
31-Dec
31-Dec
2013
2014
Cash And Equivalents
153
237
Trading Asset Securities
17
11
170
248
Accounts Receivable
564
556
Other Receivables
58
61
622
617
Inventory
200
204
Prepaid Expenses
Deferred Tax Assets, Current
66
67
Other Current Assets
61
75
1,119.00
1,211.00
Gross Property Plant And Equipment
2,452.00
2,542.00
Accumulated Depreciation
-1,279.00
-1,401.00
1,173.00
1,141.00
Goodwill
2,988.00
2,990.00
Long-Term Investments
36
68
Deferred Tax Assets, Long Term
85
74
Deferred Charges, Long Term
70
64
Other Intangibles
2,694.00
2,684.00
Other Long-Term Assets
36
41
TOTAL ASSETS
8,201.00
8,273.00
Accounts Payable
271
289
Accrued Expenses
394
447
Short-Term Borrowings
65
Current Portion Of Long-Term Debt/Capital Lease
Current Portion Of Capital Lease Obligations
Current Income Taxes Payable
33
10
Other Current Liabilities, Total
201
225
Unearned Revenue, Current
65
64
1,031.00
1,041.00
2,487.00
2,514.00
Assets
TOTAL CASH AND SHORT TERM INVESTMENTS
TOTAL RECEIVABLES
TOTAL CURRENT ASSETS
NET PROPERTY PLANT AND EQUIPMENT
LIABILITIES & EQUITY
TOTAL CURRENT LIABILITIES

Long-Term Debt
Capital Leases
55
83
Unearned Revenue, Non-Current
1,318.00
1,250.00
Pension & Other Post-Retirement Benefits
26
44
Deferred Tax Liability Non-Current
755
801
Other Non-Current Liabilities
253
249
5,925.00
5,982.00
Common Stock
Additional Paid In Capital
970
658
Retained Earnings
1,393.00
1,771.00
Comprehensive Income And Other
-88
-137
TOTAL COMMON EQUITY
2,277.00
2,294.00
TOTAL EQUITY
2,277.00
2,294.00
8,202.00
8,276.00
TOTAL LIABILITIES
TOTAL LIABILITIES AND EQUITY
No interest bearing
No interest bearing
No interest bearing
No interest bearing
31-Dec
31-Dec
2013
2014
Revenues
5,997.00
6,121.00
TOTAL REVENUES
5,997.00
6,121.00
2,499.00
2,491.00
3,498.00
3,630.00
Selling General & Admin Expenses, Total
2,271.00
2,336.00
Depreciation & Amortization, Total
115
115
Other Operating Expenses
OTHER OPERATING EXPENSES, TOTAL
2,395.00
2,452.00
OPERATING INCOME
1,103.00
1,178.00
Interest Expense
-123
-109
Interest And Investment Income
-121
-107
Income (Loss) On Equity Investments
Other Non-Operating Income (Expenses)
--
987
1,072.00
Merger & Restructuring Charges
-7
--
Other Unusual Items, Total
-437
Legal Settlements
Other Unusual Items
-443
--
543
1,074.00
Income Tax Expense
-81
371
Earnings From Continuing Operations
624
703
624
703
NET INCOME TO COMMON INCLUDING EXTRA ITEMS
624
703
NET INCOME TO COMMON EXCLUDING EXTRA ITEMS
624
703
Currency in
Millions of
US Dollars
As of:
Cost Of Goods Sold

GROSS PROFIT
NET INTEREST EXPENSE
EBT, EXCLUDING UNUSUAL ITEMS
EBT, INCLUDING UNUSUAL ITEMS
NET INCOME
EXHIBIT V
Item
Book Value
Short Term Debt (cost of debt)

Long Term Debt (cost of debt)
Equity (cost of equity)
TOTAL
231
2,846
2,294
5,371
*Tax
34.58%
Working Capital Requirement
2014
+Inventory
+Receivables
+Operating Cash (assumed 30% of Cash B/S)
+Prepaid Expenses
-Account Payable
-Accrued Expenses
-Advances from Customers
-Current Portion Of Long-Term Debt
Total
Excess Cash
+Cash on B/S
-Operating Cash
Weighted
4.30%
52.99%
42.71%
100%
2013
204
617
71
(289)
(447)
(64)
(3)
89
2014
200
622
46
(271)
(394)
(65)
(1)
137
2013
237
(71)
166
153
(46)
107
Total Working Capital Requirement

Fixed Assets
Other Fixed Assets
Total Invested Capital
89
1,141
5,715
6,945
137
1,173
5,718
7,028
EVA Calculation
Item
NOPAT
Operating profit
Interest income
income tax
1,178
2
371
tax shield on interest (tax 25%)

NOPAT
Capital charges
Inv.capital end of year
Inv.capital beginning of year
Inv.capital (average)
EVA
(38)
1,513
6,945
7,028
6,987
290
1,223
Cost of Capital
4.22%
4.22%
6.02%
Cost of capital after

tax
2.76%
2.76%
6.02%
WACC
0.119%
1.463%
2.569%
4.15%
FINANCIAL PROJECTION in Beverage Industry

Fiscal Year End
EPS Forecast High EPS Low
Dec-15
3.92
4.05
Dec-16
4.23
4.46
Dec-17
4.57
4.91
Dec-18
4.95
5.34
EPS
3.85
4.1
4.37
4.69
Earnings Per Share represents the portion of a company's profit allocated to each outstanding share of common stock. The net income (repor
estimated) for a period divided by the total number of shares outstanding (TSO) during that period
Price/Earnings Ratio is a widely used stock evaluation measure. For a security, the Price/Earnings Ratio is given by dividing the Last Sale Pric
Average EPS (Earnings Per Share) Estimate for the specified fiscal time period.
Over the next five years, the analysts that follow this company are expecting it to grow earnings at an average annual rate of 7.11%. This year, analysts
are forecasting earnings increase of 7.37% over last year. Analysts expect earnings growth next year of 7.87% over this year's forecasted earnings.
mmon stock. The net income (reported or
given by dividing the Last Sale Price by the
te of 7.11%. This year, analysts

year's forecasted earnings.

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DR PEPPER SNAPPLE GROUP, INC

yg proyeksi yang dimulainya dr general environment yg di us yang memperoyeksikan th 2020 di

ee decades through a series of strategic acquisitions. In the 1980's through the

Dr Pepper Snapple Group Financial Position

Cash And Equivalents

Trading Asset Securities

Deferred Tax Assets, Current

Other Current Assets

Gross Property Plant And Equipment

Deferred Tax Assets, Long Term

Deferred Charges, Long Term

Other Long-Term Assets

Current Portion Of Long-Term Debt/Capital Lease

Current Portion Of Capital Lease Obligations

Current Income Taxes Payable

Other Current Liabilities, Total

Unearned Revenue, Current

TOTAL CASH AND SHORT TERM INVESTMENTS

TOTAL CURRENT ASSETS

NET PROPERTY PLANT AND EQUIPMENT

LIABILITIES & EQUITY

TOTAL CURRENT LIABILITIES

Unearned Revenue, Non-Current

Pension & Other Post-Retirement Benefits

Deferred Tax Liability Non-Current

Other Non-Current Liabilities

Additional Paid In Capital

Comprehensive Income And Other

TOTAL COMMON EQUITY

TOTAL LIABILITIES AND EQUITY

Selling General & Admin Expenses, Total

Depreciation & Amortization, Total

Other Operating Expenses

OTHER OPERATING EXPENSES, TOTAL

Interest And Investment Income

Income (Loss) On Equity Investments

Other Non-Operating Income (Expenses)

Merger & Restructuring Charges

Other Unusual Items, Total

Other Unusual Items

Income Tax Expense

Earnings From Continuing Operations

NET INCOME TO COMMON INCLUDING EXTRA ITEMS

NET INCOME TO COMMON EXCLUDING EXTRA ITEMS

Cost Of Goods Sold

NET INTEREST EXPENSE

EBT, EXCLUDING UNUSUAL ITEMS

EBT, INCLUDING UNUSUAL ITEMS

Short Term Debt (cost of debt)

Working Capital Requirement

Total Working Capital Requirement

tax shield on interest (tax 25%)

Cost of capital after

FINANCIAL PROJECTION in Beverage Industry

mmon stock. The net income (reported or

given by dividing the Last Sale Price by the

te of 7.11%. This year, analysts

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