Position as world's largest retailer-brand (private-label) supplier of soft drinks. Leading market shares in the U.S., the U.K., and Canada, with a blue-chip customer base. Stronger capital structure and vastly improved profitability measures in 2002 and thus far in 2003. Integrated solutions for retailers, including concept, concentrate formulation, production, packaging, inventory management, fulfillment, warehouse delivery, and promotion. Cott also offers shopping data including demographics, flavor preferences by region, and trend analysis Leverage that is still slightly high Liquidity that has improved but is somewhat constrained to organic growth Dependence on a few very key accounts, top 10 customers accounted for 71% of 2002 sales The ratings on Cott Corp. reflect improved profitability and credit protection measures that have benefited from
