Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Kaumil Gajrawala.
Kaumil Gajrawala - UBS
Stewart, on the free cash flow, your 90% of the way but you still have a quarter left. Could you give us a read on what we should be thinking about or if there is any reason why you haven’t taken up the free cash flow target for the year?
Stewart Glendinning
Good question, Kaumil. We’re not going to give any guidance on where we are going to end up in the -- at the end of the year. That will come a little closer to the fourth quarter but I think really just step back and just say this is really a positive for us, given where we started the year and we set our targets, our earnings have come in stronger, and the business is performing better than we had expected. And that is showing through to our cash and that’s just got to be good news for the shareholders.
Kaumil Gajrawala - UBS
Okay but there is nothing incremental in terms of uses of cash, maybe the increment CapEx related to the new cost savings at MillerCoors -- is there anything like that in there?
Stewart Glendinning
No, I think we -- all of that we’ve shared with you. MillerCoors is at 84% of the one-time cash, the 450. They will be at 90 by the end of the year, so there is that piece.
The other piece we look at is our exposure in Brazil and as we updated you last quarter, we are still in some discussions with [DEMSA] to decide how that will be resolved but that is a potential use of cash and I’d use -- I’d go to our Q and you’ll see we’ve got about $160 million of liability on the books. That’s not all related to those specific -- to that specific item. I’d say probably in the sort of 85% to 90% is the number on our balance sheet related to that and that’s the best guide for that particular issue.
Kaumil Gajrawala - UBS
Okay, got it. And then last question, in every region, pricing was very -- or net revenue per hec was strong but volumes were weak. How comfortable do you feel in your ability to hold on to strong pricing?
Peter Swinburn
A couple of things I think we mentioned in the script -- first of all in the U.K., we’ve locked out negotiations with all the major pub-cos this year, so that gives us -- those deals are three-year deals at least, so the pricing is -- the price increase mechanisms are locked in for those and that would account roughly for about a third of our business in the U.K., so we feel comfortable in the U.K.
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