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Business Description
Molson Coors Brewing Company, formerly Adolph Coors Company, produces beers that are designed to appeal to a range of consumer tastes, styles and price preferences. Brands sold primarily in the Americas include Coors Light, Coors Original, Coors Non-Alcoholic, Extra Gold, Zima, George Killian's Irish Red Lager, Keystone, Keystone Light, Keystone Ice, Blue Moon Belgian White Ale and Mexicali. Molson Coors also sells the Molson family of brands in the United States through a joint venture. Brands sold primarily through its subsidiary, Coors Brewers Limited, include Carling, Worthington, Caffrey's, Reef, Screamers and Stones. It also sells Grolsch in the United Kingdom through a joint venture. In the United Kingdom, in addition to supplying its own brands, Molson Coors sells other beverage companies' brands to its on-premise customers in order to be able to provide them with a range of products for their retail outlets. In February 2005, the Company completed a merger with Molson Inc.

Financial Information
For the fiscal year ended 12/26/04, net sales rose 8% to $4.31 billion. Net income rose 13% to $196.7 million. Revenues reflect increased proceeds from the sale of beer and other beverages due to favorable pricing environment. Net income reflects improved operating income and decreased net finance expenses.