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Delivering
Commitments
Resolved to be the Best
Annual Report2006
Financial HighlightsLetter to ShareholdersDream, People, Culture
 
The cursor arrow that you can find on selected pagesof the 2006 annual report is a sign that there ismore in-depth information on the subject on our website.To see that extra information, please go to:
www.InBev.com/annualreport2006
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Executive FocusInBev Worldwide
 
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Delivering
Commitments
Resolved to be the Best
2006 – On balance, we have achieved what we set out to achieve, delivering organic volume and revenuegrowth throughout the year whilst continuing to develop strong cost management. We faced pressures insome markets, but with the strength of our brands, we have delivered on our commitment to value creationthrough margin expansion, fulfilling our 30 % EBITDA margin target one year ahead of schedule.Our results this year are an important first step on our journey from ‘Biggest to Best’, building consistencyand momentum towards sustainable long-term growth. There is still more to do, and we’re confident thatwe have the right strategy and people to deliver on our commitments. Our mission to create enduring bondswith consumers continues to drive us, and we have resolved to be the best beer company in the industrymeasured by profitability.
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