Page 2 - CRO_2014

Who We Are Our Financial Highlights
This document provides an overview of GAB’s Corporate Responsibility (CR)
strategy and activities.
GAB has published an annual CR report since 2004. The report has become
an integral part of our corporate disclosure and reporting practice.
R e p o r t i n g b o u n d a r i e s
This overview covers GAB’s operations in the financial year ended
30 June 2012.
I n v i t i n g y o u r f e e d b a c k
We welcome stakeholders’ views on our report and our approach to CR.
To give your comments, please contact:
Guinness Anchor Berhad (5350-X)
Sungei Way Brewery
Lot 1135, Batu 9, Jalan Klang Lama
46000 Petaling Jaya
Selangor Darul Ehsan, Malaysia
Tel : 603-78614688
Fax : 603-78614602
Renuka Indrarajah
Corporate Relations and Legal Director
Email: renuka.indrarajah@gab.com.my
Ong Ping Ping
Corporate Responsibility Manager
Email: ping-ping.ong@gab.com.my
About this Report
Corporate Responsibility
Overview
2012
This year, we achieved 11 consecutive years of growth. For the financial
year ended 30 June 2012, we recorded revenues of RM1.62 billion,
a 9% increase from 2011 (RM1.49 billion). Our pre-tax profits increased
to RM277 million, up 14% from the previous year (RM243 million).
10 years financial track record
Financial year ended 30 June
2003
RM’000
2004
RM’000
2005
RM’000
2006
RM’000
2007
RM’000
2008
RM’000
2009
RM’000
2010
RM’000
2011
RM’000
2012
RM’000
Revenue 796,595 886,208 952,113 976,013 1,072,112 1,194,602 1,285,423 1,358,633 1,488,720 1,623,687
Profit before tax 107,363 129,254 140,519 142,211 152,159 168,898 191,178 204,991 242,883 276,981
Tax expense (29,357) (30,835) (32,551) (14,014) (39,598) (43,041) (49,190) (52,300) (61,505) (69,582)
Profit after tax 78,006 98,419 107,968 128,197 112,561 125,857 141,988 152,691 181,378 207,399
Dividends 84,831* 91,837* 90,871 91,354 99,239 109,873 123,860 135,944 163,133 377,623*
Net Dividend
per 50 sen stock
unit (sen)
28.1* 30.4* 30.1 30.2 32.8 36.4 41.0 45.0 54.0 125.0*
Earnings per
50 sen stock
unit (sen)
25.8 32.6 35.7 42.4 37.3 41.7 47.0 50.5 60.0 68.7
Reserves 146,200 159,064 176,403 213,246 234,060 260,285 291,252 319,879 365,567 228,654
Total equity 297,249 310,113 327,452 364,295 385,109 411,334 442,301 470,928 516,616 379,703
Net assets per
50 sen stock
unit (sen)
98.4 103.0 108.0 121.0 127.5 136.2 146.4 155.9 171.0 126.0
* Includes special dividends
Revenue
(RM Million)
2008 2009 2010 2011 2012
1,194.61,285.41,358.61,488.71,623.7
Profit before tax
Profit after tax
previous years
latest year
Profit before tax
& Profit after tax
(RM Million)
2008 2009 2010 2011 2012
168.9 191.2 205.0 242.9 277.0
125.9 142.0 152.7 181.4 207.4
Financial year ended 30 June
Revenue
(RM Million)
2008 2009 2010 2011 2012
1,194.61,285.41,358.61,488.71,623.7
Our world
GAB leads the Malaysian beer and stout industry. We operate across Peninsular
Malaysia, as well as Sabah and Sarawak, with a workforce of 598 permanent
full-time employees. GAB produces, sells and markets iconic brands: Tiger,
Guinness, Heineken, Anchor Smooth, Anchor Strong, Kilkenny, Anglia Shandy
and Malta. We also market imported brands Paulaner and Strongbow.
The majority of our employees are based at our headquarters – the Sungei Way
Brewery in Selangor, which started operations in 1965.
Our operations
At our brewery in Selangor, close to Kuala Lumpur, we produce a range of well-known
beer and stout brands, in bottles, cans and kegs. Through our 16 sales offices,
we distribute our products through our network of distributors to bars, restaurants and
the retail trade across Malaysia. Our relationship with the trade extends across a vast
range of services – from promotions and marketing, to technical support of cooling
systems and the collection and recycling of kegs and bottles.
Our Vision
GAB is an Icon in Business. Respected the world over for delivering exceptional
growth in People, Brands and Performance.
Our Values
We have a passion for winning
We are winners, driven by a passion to be the best in everything we do.
We value and respect each other
Our people and society are diverse and different, and we value and celebrate
all our differences. We respect our environment and are committed to protect
it. We value the community in which we operate and strive to enrich it. We aim
for our people to have balance in their work and their personal lives.
We show integrity in all that we do
We are responsible, trustworthy and honest in everything we say and do and
in the way we manage our business.
We provide enjoyment
We create an environment where our people enjoy their work, our partners
enjoy working with us and our consumers enjoy our products.
We are 5 Star
We deliver “5 Star Service”, consistently meeting and exceeding
our customers’ and stakeholders’ needs. We continuously seek better
and innovative ways to provide delightful experiences for our customers
and stakeholders.
Strong growth in both revenue and profit
GAB enjoyed a strong revenue growth of 9.1% in FY12. Both Profit
Before (PBT) and Profit After Tax (PAT) grew by over 14% during the year.
Improved pricing, Malt Liquor Market (MLM) volume growth, favourable
product and channel mix, and stringent cost management were the
main contributors to this performance.
Our Approach to Corporate
Responsibility (CR) and Strategy
The four pillars of GAB’s CR Strategy
and their primary improvement
frameworks
Stakeholder Engagement
Enriching
Communities
Good
Environmental
Performance
Responsible
Marketplace
Practices
Leading
Workplace
Practices
Drink
Sensibly
Code of Marketing
Practice
Malaysian Code
on Corporate
Governance
Hazard Analysis
Critical Control
Point (HACCP)
Annual Values
Survey
Health and Safety
HR 7 Pillars
GAB
Foundation
Heineken
Utilities
Benchmark
Model
River
Rehabilitation
Outbound
logistics
- Transport
of products
(outsourced)
Service
-Technical
support
Distributors
- Direct to trade
(bars, restaurant
and retail)
- Collection of
packaging
Sales and
marketing
Advertising
and events
Production
- Brewing
- Bottling
Raw
Materials
- External
suppliers
(barley, malt,
packaging)
• Public
utilities
(water,
electricity)
• Renewable
energy
• Minimum
and recycled
packaging
• Safe
ingredients
• Supplier
relations
Employee Development • Community Investment • Corporate Governance
Our Value Chain
and Main CR Aspects
• Carbon
emissions
• Water
• Waste
• Health
and safety
• Union
relation
• Carbon
emissions
• Energy
usage
for cooling
• Drink
Sensibly
• Recycling of
packaging
• Drink
Sensibly
• Responsible
marketing