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
FY22 FY23 Reported Organic Sales
Gross Margin
A&P
Contribution after A&P
Structure10,701
6,473
-1,698
4,775
-1,75112,137
7,246
-1,939
5,307
-1,95913,4%
11,9%
14,2%
11,1%
11,9%10%
10,1%
10,6%
9,9%
7,6%Profit from recurring Operations
Profit from recurring Operations/Sales3,024
28.3%3,348
27.6%11,9%
11,3%
31bpsNon-recurring operating income and expenses
Operating profit
Group share of Net profit
Net profit
Dividend per share (proposed) – in euro-62
2,963
1,996
2,031
4.12-83
3,265
2,262
2,283
4.7035%
10%
13%
12%
14% -
€ Million FY22 FY23 Reported Organic Sales
3,133
3,481
11%
2%
Profit from recurring Operations
Profit from recurring Operations/Sales1,014
32,4%965
27,7%-5%
-9%
-
€ Million FY22 FY23 Reported Organic Sales 4,438 5,191 17% 17% Profit from recurring Operations
Profit from recurring Operations/Sales1,220
27.5%1,516
29.2%24%
27%
-
€ Million FY22 FY23 Reported Organic Sales 3,130 3,465 11% 8% Profit from recurring Operations
Profit from recurring Operations/Sales790
25.2%867
25%10%
12%
-
€ Million 30/06/2022 30/06/2023 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 sale24,100
17,657
4,600
1,844
11,896
7,369
1,388
435
145
2,559
1525,667
19,000
4,798
1,870
12,008
8,104
1,814
435
31
1,624
1Total assets 36,012 37,676 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 sale16,253
13,653
3,818
9,238
400
197
6,107
150
3,019
1,311
263
842
107
415
016,715
14,026
3,777
9,678
384
187
6,935
164
3,461
1,556
113
580
99
962
0Total liabilities and shareholders' equity 36,012 37,676 -
€ Million FY22 FY23 Reported Profit from Recurring Operations
Amortisation, depreciation, provision movements and others3,024
4413,348
40611%
Self financing capacity from recurring operations 3,465 3,754 8% Decrease/(Increase) in strategic stocks
Decrease/(Increase) in operating WCR
Decrease/(Increase) in recurring WCR
Non-financial capital expenditure-264
2
-262
-485-508
-78
-586
-610Recurring Operating cash flow 2,717 2,558 -6% Financial income/(expense) and taxes -792 -905 Recurring Free cash flow 1,926 1,653 -14% Non recurring items -113 -222 Free Cash Flow 1,813 1,431 -21% -
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 FY23 4.4 3.8 3.5 3.6 3.5 3.4 3.0 2.6 2.3 3.2 2.6 2.4 2.7
Note: Debt covenant triggered at 5.25x leverage -
FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 1.44 1.58 1.64 1.64 1.8 1.88 2.02 2.36 3.12 2.66 3.12 4.12 4.7
