What Sets us Apart
Pernod Ricard is best placed to capture industry growth with key strategic advantages:
A premium portfolio:
- Leading brands in all categories
- Full consumer-centricity, covering all moments of consumption
- Active portfolio management
An unrivalled distribution network:
- Direct presence in 73 countries
- Full strategic alignment from production to distribution
- Unique dual leadership in China and India
- Balance spread between mature and emerging markets
World-leading culture and values:
- Experienced, committed and renewed management team
- Highly engaged employees
- 2030 Sustainability & Responsibility strategy
Digital Capabilities:
- Digitalise and embrace technology to gain efficiency
At a Glance
wine and spirits organisation in the world
brands among the top 100 worldwide
production sites in 24 countries
reduction in water consumption since FY18
affiliates throughout the world, with distribution in 160 countries
Engagement score I-Say
Group Financial Figures
-
€ Million
FY21 FY22 Reported Organic Sales
Gross Margin
A&P
Contribution after A&P
Structure8,824
5,293
-1,393
3,900
-1,47710,701
6,473
-1,698
4,775
-1,75121%
22%
22%
22%
19%17%
17%
17%
17%
14%Profit from recurring Operations
Profit from recurring Operations/Sales2,423
27.5%3,024
28.3%25%
19%
52bpsNon-recurring operating income and expenses
Operating profit
Group share of Net profit
Net profit
Dividend per share (proposed) – in euro-62
2,361
1,305
1,318
3.12-62
2,963
1,996
2,031
4.12n/a
n/a
n/a
n/a
n/a -
€ Million FY21 FY22 Reported Organic Sales
2,627
3,133
19%
12%
Profit from recurring Operations
Profit from recurring Operations/Sales803
30.6%1,014
32,4%26%
12%
-
€ Million FY21 FY22 Reported Organic Sales 3,640 4,438 22% 19% Profit from recurring Operations
Profit from recurring Operations/Sales996
27.4%1,220
27.4%23%
21%
-
€ Million FY20 FY21 Reported Organic Sales 2,532 2,557 1% 4% Profit from recurring Operations
Profit from recurring Operations/Sales605
23.9%624
24.4%3%
12%
-
€ Million 30/06/2021 30/06/2022 Total non-current assets
of which Intangible assets and goodwill
of which Tangible assets and other assets
of which Deferred tax assets
Total current assets
of which Inventories
of which Receivables
of which other current assets
of which tax receivable
of which cash and cash equivalents and current derivatives
Assets held for sale21,816
16,230
3,963
1,623
10,321
6,555
1,126
413
141
2,086
1124,100
17,657
4,600
1,844
11,896
7,369
1,388
435
145
2,559
15Total assets 32,147 36,012 Total Shareholders’ equity
Total non-current liabilities
of which non-current provisions and deferred tax liabilities
of which bonds non-current
of which lease liabilities - non-current
of which non-current financial liabilities and derivative instruments
Total current liabilities
of which current provisions
of which operating payables
of which other operating payables
of which tax payable
of which bonds - current
of which lease liabilities - current
of which current financial liabilities and derivatives
Liabilities held for sale15,075
12,854
3,555
8,787
405
108
4,218
163
2,337
1,134
282
70
103
128
016,253
13,653
3,818
9,238
400
197
6,107
150
3,019
1,311
263
842
107
415
0Total liabilities and shareholders' equity 32,147 36,012 -
€ Million FY21 FY22 Reported Profit from Recurring Operations
Amortisation, depreciation, provision movements and others2,423
3833,024
44125%
Self financing capacity from recurring operations 2,806 3,465 23% Decrease/(Increase) in strategic stocks
Decrease/(Increase) in operating WCR
Decrease/(Increase) in recurring WCR
Non-financial capital expenditure-221
-142
-79
-388-264
-2
-262
-485Recurring Operating cash flow 2,339 2,717 16% Financial income/(expense) and taxes -593 -792 Recurring Free cash flow 1,745 1,926 10% Non recurring items -117 -113 Free Cash Flow 1,628 1,813 11% -
Currency Par value Coupon Issue date Maturity date EUR € 500 m 1.875% 28/9/15 28/9/23 € 1,500 m o/w:
€ 500 m
€ 500 m
€ 500 m
0.000%
0.500%
0.875%
24/10/19
24/10/23
24/10/27
24/10/31€ 650 m 2.125% 29/9/14 27/9/24 € 1,500 m o/w:
€ 750 m
€ 750 m
1.125%
1.750%
1/4/20
7/4/25
8/4/30€ 500 m o/w:
€ 250 m
€ 250 m
1.125%
1.750%
27/4/20
7/4/25
8/4/30€ 600 m 1.500% 17/5/16 18/5/26 USD $ 1,650 m o/w:
$ 800 m
$ 850 m
4.250%
5.500%12/1/12
15/7/22
15/1/42$ 600 m 3.250% 08/6/16 8/6/26 $ 2,000 m o/w:
$ 600 m
$ 900 m
$ 500 m
1.250%
1.625%
2.750%
1/10/20
1/4/28
1/4/31
1/4/50 -
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 4.4 3.8 3.5 3.6 3.5 3.4 3.0 2.6 2.3 3.2 2.6 2.4
Note: Debt covenant triggered at 5.25x leverage -
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 1.44 1.58 1.64 1.64 1.8 1.88 2.02 2.36 3.12 2.66 3.12 4.12
