Cadbury Schweppes plc (NYSE: CSG – news) is holding a one day seminar in New York today to brief analysts and institutional investors on its strategy and growth opportunities. John Sunderland, CEO of Cadbury Schweppes, John Brock, COO, and other members of the top management team will give presentations. Statements on trading outlook for the year and Dr Pepper/Seven Up third quarter US volume performance are also being made.

Consistent Strategy and Objectives

Key points from John Sunderland’s opening review of strategy, progress and objectives include:

    -- Cadbury Schweppes' governing objective remains growth in value for its
shareowners. Since the introduction of Managing for Value in 1996,
average 10%+ earnings per share targets have been achieved, although
restructuring charges slightly diluted 1999 results, and free cashflow
has exceeded 150 million pounds sterling ("pounds") annually,
significantly so in 1999.

-- Return on invested capital has accelerated over the past three years
and now comfortably exceeds our cost of capital. Growth in Economic
Profit has averaged 14% per annum during the period.

-- Cadbury Schweppes remains committed to Beverages and Confectionery.
The Group aims to develop regional businesses where its positions are
robust and sustainable. Growth will continue to be generated
organically through momentum from existing major brands, from
innovation and from acquisition where appropriate.

-- During the past four years, significant efforts have been made to
strengthen management and improve business processes as part of a
heightened focus on value delivery. The most recent development was a
major reorganisation implemented in March 2000. Responsibility for
performance delivery has been separated from strategy with John Brock
appointed as Chief Operating Officer and Todd Stitzer as Chief Strategy
Officer. The operational structure has been realigned to reflect the
regional nature of the business and a new business unit management team
put in place.

-- In Beverages, the Group has addressed its lack of critical mass in many
countries outside the US by selling its brands in 160 markets where its
average 2% share accounted for only around 4% of Group profits. The
Group now has considerably more robust and sustainable businesses in
North America, Continental Europe and Australia. In the US, greater
route-to-market security for all the Group's beverages brands has been
established through strengthened distribution arrangements in all three
bottling systems. This has enabled the Group to grow Dr Pepper ahead
of the market, turn round 7 UP and successfully promote the whole of
its flavours range. In Australia, the acquisition of the Pepsi Lion
Nathan bottling venture has strengthened that business and the
acquisition of Hawaiian Punch and shortly the Snapple Beverages Group
will further enhance the Group's position in the USA.

-- In Confectionery, around 90% of profits are generated from a series of
markets around the world where the Group enjoys leadership positions.
In these markets, the businesses are being developed further through
innovation and extending availability. In emerging markets such as
China, Poland, Egypt and Russia, the Group is seeking to replicate
leadership positions through greenfield structures and organic growth,
supplemented by acquisition. Elsewhere in the world, where tastes for
confectionery are indigenous and already served by well-established
brands, robust and sustainable businesses are being developed through

-- Underlying earnings, excluding restructuring, have grown at an average
of 11% over the last three years from a combination of volume, price,
product mix, operational gearing, cash generation and acquisitions. In
the medium term, this general model remains sustainable, particularly
with a portion of anticipated efficiency benefits being reinvested
behind growth and with positive earnings contributions expected from
recent acquisitions. Accordingly, the Group remains committed to its
10%+ earnings per share growth target.

Growth and Efficiency to Support Value Creation

John Brock, COO, will review the opportunities for growth in both Beverages and Confectionery.

    -- In both markets, advantaged brands, availability and innovation will
drive above-category growth. Major efficiency initiatives will support
value creation.

-- In Beverages, Cadbury Schweppes is focused on participation in
flavoured refreshment beverages with strong brands and effective routes
to market in North America, Continental Europe and Australia. In the
US, the combination of Dr Pepper/Seven Up (DPSU), Mott's and Snapple
will consolidate the Group's position and underpin participation in the
fastest growing categories of the market. Our business in Europe is
centered on France and Spain with Schweppes and strong regional brands
like Oasis, Trina and Gini. In Australia the acquisition of the Pepsi
franchise builds on Schweppes, Solo, Sunkist and Cottee's to create a
full range offering.

-- In Confectionery, growth will come firstly from key markets such as
Great Britain, Ireland, Australia, New Zealand, Canada, South Africa
and India through implementation of a total chocolate and sugar
confectionery strategy. In other markets, the Group will build
position by leveraging local brand strengths and through acquisition.
A major drive to increase availability in the impulse channel is
underway and early results from Australia are encouraging.

-- Efficiency initiatives will focus primarily on Confectionery where
costs will be taken out of the supply chain and synergies will be
sought globally. Other major initiatives to achieve lower operating
costs through best practice include procurement and IT. E-commerce
opportunities are also being exploited.

DPSU Third Quarter US Volume Results

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By GlobalData

DPSU continued to outperform the US soft drinks market. Adjusting the raw industry data below for the varying number of selling days per quarter, the year-to-date increases of 2% for both Dr Pepper and 7 UP were relatively consistent over all three quarters.

The US carbonated soft drinks market remained sluggish in the third quarter, following the impact of higher retail sales prices. In addition, the poor weather in this quarter, particularly in July in the North East, impacted sales levels abnormally.

    BRANDS                      Q1            Q2           Q3           YTD

Dr Pepper +4% +1% +1% +2%
7 UP +3% +3% 0% +2%
All Others +5% +2% -1% +2%

Total DPSU +4% +2% 0% +2%
Total Market 0% 0% -1% 0%

Trading Outlook for 2000

We are seeing positive performances in a number of markets, although the slow trading conditions seen in UK confectionery in the first half have continued into the second.

We remain comfortable with the current market expectations for full year performance.