1H13 EPS 14% above consensus Solid 1H13, but outlook clouded by tax change CRE 1H13 first take – result miss on beer and food Interim results below with net gearing at 100% H1 results in line, K&S project remains on track Clouds have cleared but still no sun US: So Far Away, So Close (II) Sluggish ASP trend Latin America Daily Spotlight China/Hong Kong Company Focus