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CONTRACTUAL OBLIGATIONS ■■

The chart below details the Company’s major contractual obligations in the coming years.

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As at 31 December 2017, the Company has the following major contractual obligations: ■■ ■■ ■■

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Debt obligations: $11.38B Interest payments: $4.50B Other long-term obligations: $3.29B – This consists of $2.2B of long-term supply contracts and $0.9B of commitments for advertising and promotions, including sports sponsorship.

The Company reported that at the end of Q3 2018, it has reduced its long-term debt in the nine-month period by USD367M to $10.56B.

CONTRACTUAL OBLIGATIONS $7,000M $6,000M $5,000M $4,000M $3,000M $2,000M $1,000M $0M

2018

Debt obligations

78

2019-2020

Interest payments

Retirement plan expenditures

* Data Source: Molson Coors 2017 Annual Report p60

2021-2022

Operating leases

Capital leases

2023+

Other long-term obligations

Profile for Richard

Elevation Capital Research Annual 2018  

Elevation Capital Research Annual 2018