Asia presents a tremendous growth opportunity for San Miguel. With demand for quality food and beverage products fueled by a rise in disposable incomes and the emergence of more discriminating consumers. San Miguel is set to introduce a wide range of products in emerging and developed markets throughout the region. We're working hard to ensure that regional consumers will embrace our products with all the exuberance of our Filipino consumers. Affinity and awareness, particularly with our diverse portfolio of products and regional brands should create enormous advantages. With over a century of experience selling and creating great-tasting convenient foods and beverages, we are confident that we are well equipped to succeed. San Miguel will develop the right mix of food and beverage products to satisfy the appetite of consumers throughout the Asia-Pacific. With our sights fixed on the vast regional opportunity in convenient foods and beverages, the reach of the San Miguel name continues to expand.

In an archipelago where the distribution can be any manufacturer's nightmare, we have honed our logistics capability into the most sophisticated and extensive of any Asian company, allowing us to place our products "within an arm's reach of desire." Few companies are equipped to distribute products as efficiently and effectively. And even fewer still, have operations that are as tightly integrated as San Miguel. We have leveraged our logistics expertise to unprecedented levels, successfully managing the most far reaching and cost efficient logistics networks-from raw material sourcing and procurement, to the storage and delivery of finished goods. Building San Miguel's logisitics capability is an integral part of our growth and as such, we are ramping up our bid to become a distribution and logistics powerhouse in the Asia-Pacific.