DIAGEO THE BUSINESS MODEL OUR STRONGEST LINKS PROSPECTS FINANCIAL HIGHLIGHTS RISK FACTORS

WORLDS LEADING PREMIUM DRINKS COMPANY

#1 Spirits company in the United States #1 International spirits company in Asia Pacific and Latin
America
The largest premium drinks company in Europe

14 strategic brands
A leading beer company in Africa

STRONG GLOBAL OUTREACH

3,324m
North America

2,614m
Europe

2,747m
International

1,181m
Asia Pacific

180 MARKETS AROUND THE GLOBE

BUSINESS MODEL

30 spirits, beer,
and wine brands, distributed globally across 180 countries

OUR STRONGEST LINKS

Beer

Niche category in Stout Guinness Investments in Africa

Spirits

Strong presence in North America and Western Europe Acquisitions in key growth markets Worlds 26th Biggest wine producer Focused on the UK, US and Argentina Wine

14 STRATEGIC BRANDS

14 STRATEGIC BRANDS

BUSINESS PROSPECTS

Focus on growth in

emerging markets

Drive growth in Stout

PROSPECTS
Lower value spirits Trimming losses

POSITIONED FOR GROWTH

#1 Restructuring
Focus on growth in emerging markets Fully implemented by 30 June 2013

#2 Acquisitions

#3 Unlocking growth in
developed markets

#4

Emerging middle class consumers

#5 Premiumising our
brands

FINANCIAL HIGHLIGHTS

DECREASE IN LONG TERM DEBT

INCREASE IN REVENUE YOY INCREASE IN CASH FROM OPERATIONS INCREASE IN NET PROFIT MARGIN 13.89% (FY2010) TO 16.77% (FY2011)

PE RATIO OF 16.21 (INDUSTRY PE: 27.41)

DIVIDENDS OF

ROE OF 41.07
IN FY2011 INDUSTRY LEADER

2.7%
ANNUALLY

FINANCIAL COMPARABLES
FINANCIAL RATIO

PROFITABILITY RATIO

RISK FACTORS #1 Diageos products may be

affected by changes in

#2 An increase
in the cost of raw
materials or energy could affect Diageos profitability

consumer preferences and

tastes and adverse impacts of a declining economy

#3 Diageos operations may be adversely affected by

failure to maintain

or renegotiate distribution, supply, manufacturing or licence agreements on favourable terms.

DIAGEO: WHY INVEST IN US?

High value for money Consistent Dividends Good investment opportunity

Competent manageme nt team

PE ratio low: CHEAP Low price target of 98.87 is higher than share price of 96.86 now Average price target of 101.72 High price target and low price target Dividend

THANK YOU.