Pernod Ricard Market Day
PARIS–(BUSINESS WIRE)–Regulatory news:
Press release – Paris, June 8, 2022
Today, Pernod Ricard is organizing its Capital Markets Day in Paris. Alexandre Ricard, Chairman and CEO, along with members of the Executive Committee and management teams from key markets, will show how Pernod Ricard is implementing its usability platform, as part of the next stage of its Transform and Accelerate strategic plan FY23 to FY25.
Alexandre Ricard declared:
“In today’s world and for many businesses, the end goal is to leverage data. For us at Pernod Ricard, the end goal is to spread user-friendliness… by leveraging data.
The Conviviality Platform consists of leveraging the power of data, our brand portfolio and our distribution network to further expand the profitable and sustainable growth of Pernod Ricard, with the following medium-term ambition:
Annual revenue growth framework of +4 to +7% aim for the high end
Expand our revenue growth with the Conviviality Platform
- Backed by our main competitive advantages, leverage our broad portfolio and balanced geographic footprint
Focus on pricing, further enhanced by our proprietary predictive digital tools
Continuous improvement in operational efficiency, building on our culture of excellence
Important Advertising and promotion investmentmaintained at about 16% of saleswith a better return on investment leverage key digital programs
- Discipline on structural costsinvest in priorities while maintaining an agile organization, aiming to scale below revenue growth
- Operating leverage of around 50-60 basis points per yearprovided that the topline is between +4 and +7%
- Financial policy priorities confirmed
The event will be broadcast live and the webcast can be accessed here:
All growth data specified in this press release refers to organic growth, unless otherwise stated. Data may be rounded.
Definitions and reconciliation of non-IFRS measures with IFRS measures
Pernod Ricard’s management process is based on the following non-IFRS measures which are chosen for planning and reporting. The Group’s management believes that these measures provide valuable additional information to users of the financial statements in understanding the Group’s performance. These non-IFRS measures should be considered supplemental to comparable IFRS measures and the reported movements therein.
– Organic growth is calculated after excluding the effects of exchange rate fluctuations, acquisitions and disposals and changes in applicable accounting principles.
– The impact of exchange rates is calculated by converting the results of the current year at the exchange rates of the previous year.
– For acquisitions in the current year, post-acquisition results are excluded from organic movement calculations. For prior year acquisitions, post-acquisition results are included in the prior year, but are included in the organic movement calculation from the anniversary of the current year’s acquisition date.
– When a business, a brand, a brand distribution right or an agency agreement has been transferred or terminated during the previous year, the Group, in the organic movement calculations, excludes the results of this business from the previous year. For disposals or terminations of the current year, the Group excludes the results of this activity of the previous year from the date of disposal or termination.
– This measurement makes it possible to focus on the performance of the company which is common to the two years and which represents the measurements on which the local managers are most directly able to influence.
Income from recurring operations
Current operating income corresponds to operating income excluding other non-current operating income and expenses.
About Pernod Ricard
Pernod Ricard is the world’s second largest producer of wines and spirits with consolidated sales of €8,824 million for the FY21 financial year. The Group, which owns 16 of the top 100 spirits brands, has one of the most prestigious and comprehensive portfolios in the industry with more than 240 premium brands spread over more than 160 markets. Pernod Ricard’s portfolio includes Absolut vodka, Ricard pastis, Ballantine’s, Chivas Regal, Royal Salute and The Glenlivet Scotch whiskies, Jameson Irish whiskey, Martell cognac, Havana Club rum, Beefeater gin, Malibu liqueur, Mumm and Perrier-Jouët champagnes, as well as Jacob’s Creek, New Zealand wines, Campo Viejo, Mumm sparkling and Kenwood wines. Pernod Ricard’s strategy is to invest in long-term and sustainable growth for all its stakeholders, while remaining true to its founding values: entrepreneurial spirit, mutual trust and strong sense of ethics. The Group’s decentralized organization allows its 18,500 employees to be the ambassadors in the field of its vision of “Creators of Conviviality”. The Pernod Ricard 2030 Sustainable Development and Responsibility roadmap “Good Times from a Good Place” is integrated into all its activities, from grain to glass, and Pernod Ricard is recognized as a LEAD participant in the United Nations Global Compact for its contribution to the Goals United Nations Sustainable Development Goals (SDGs). Pernod Ricard is listed on Euronext (Ticker: RI; ISIN code: FR0000120693) and is part of the CAC 40 and Eurostoxx 50 indices.