Integrated Annual Report 2021
Our business
Group profile
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Excludes product recall and civil unrest

Our core business is providing everyday branded food products to large and growing markets. We target best-in-class profitability, underpinned by a cost-conscious culture, and ESG principles to create and share value.

We have leading positions in most categories and our iconic brands are well-entrenched with consumers in South Africa, as illustrated by the percentage share of market.

  • GRAINS
  • CONSUMER BRANDS
  • HOME AND PERSONAL CARE
  • EXPORTS AND INTERNATIONAL

GRAINS

+5%

REVENUE

R14,6bn

2020: R13,9 billion

+11%

OPERATING INCOME

R1,4bn

2020: R1,2 billion


MARKET SHARE (%)*

* Market share limited to South Africa

Source: IRi.

MILLING AND BAKING

  • Baking

MILLING

  • Flour
  • Maize
  • Sorghum

OTHER GRAINS

  • Pasta
  • Oat-based breakfast (Jungle)
  • Rice

TOP BRANDS

CONSUMER BRANDS

+4%

REVENUE

R11,1bn

2020: R10,7 billion

+20%

OPERATING INCOME

R1,1bn

2020: R941 million


MARKET SHARE (%)*

* Market share limited to South Africa

Source: IRi.

GROCERIES

  • Condiments and ingredients
  • Spreads
  • Canned fruit and vegetables

SNACKS & TREATS

  • Sugar
  • Chocolate

BEVERAGES

  • Concentrates
  • Sports drinks
  • Ready-to-drink

BABY

  • Nutrition and wellbeing

TOP BRANDS

HOME AND PERSONAL CARE

+6%

REVENUE

R2,0bn

2020: R1,8 billion

+8%

OPERATING INCOME

R433m

2020: R400 million


MARKET SHARE (%)*

HOME CARE

  • Sanitary cleaners
  • Pesticides

PERSONAL CARE

  • Camphor cream and lotions
  • Hair care

TOP BRANDS

+7%

REVENUE

R3,6bn

2020: R3,4 billion

-7%

OPERATING INCOME

R96m

2020: R103 million


EXPORTS

INTERNATIONAL OPERATIONS

  • Central Africa (Chococam)

DECIDUOUS FRUIT

  • Langeberg & Ashton Food (LAF)

Revenue
Operating income

47%
2020: 47% 		    Grains     46%
2020: 46%
36%
2020: 36% 		    Consumer Brands     37%
2020: 35%
6%
2020: 6% 		    Home and Personal Care     14%
2020: 15%
11%
2020: 11% 		    Exports and International     3%
2020: 4%

WE CURRENTLY EXPORT OUR PRODUCTS TO 33 MARKETS IN AFRICA


Own and operate
41

manufacturing sites in South Africa and export to
33

markets in Africa, with almost
80%

or total export sales from
5

priority markets: Mozambique, Zimbabwe, Zambia, Nigeria and Cameroon

  • Manufacture
  • Current exports
  • Out of scope*
* Botswana, Namibia, Lesotho and Swaziland are serviced by the domestic business.
Tiger Brands is dedicated to growing its footprint by continuing to explore new opportunities to bring quality brands to consumers across Africa.


CONTACT DETAILSExpand

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TIGER BRANDS LIMITED
(Tiger Brands or the company)
(Incorporated in the Republic of South Africa)
Share code: TBS
ISIN: ZAE000071080

INDEPENDENT NON-EXECUTIVE DIRECTORS
GJ Fraser-Moleketi (chairman)
MO Ajukwu
MJ Bowman
CH Fernandez
GA Klintworth
M Makanjee
TE Mashilwane
M Sello
OM Weber
DG Wilson

EXECUTIVE DIRECTORS
NP Doyle (chief executive officer)
DS Sita (chief financial officer)

COMPANY SECRETARY
JK Monaisa

REGISTERED OFFICE
3010 William Nicol Drive
Bryanston
Sandton

POSTAL ADDRESS
PO Box 78056, Sandton, 2146
Telephone: +27 11 840 4000

AUDITORS
Ernst & Young Inc.

PRINCIPAL BANKER
Rand Merchant Bank

SPONSOR
JP Morgan Equities South Africa (Pty) Limited

SOUTH AFRICAN SHARE TRANSFER SECRETARIES
Computershare Investor Services Proprietary Limited
Rosebank Towers, 15 Biermann Avenue
Rosebank, 2196
Private Bag X9000, Saxonwold, 2132

AMERICAN DEPOSITORY RECEIPT (ADR) FACILITY
ADR Administrator
The Bank of New York Mellon

INVESTOR RELATIONS
Nikki Catrakilis-Wagner
Erene Kairuz
Telephone: +27 11 840 4000

WEBSITE ADDRESS
www.tigerbrands.com

CONTACT DETAILS
Companysecretary@tigerbrands.com
Investorrelations@tigerbrands.com
Consumer helpline: 0860 005342


FORWARD-LOOKING INFORMATION

This report contains forward-looking statements that, unless otherwise indicated, reflect the company’s expectations at the time of finalising the report. Actual results may differ materially from these expectations if known and unknown risks or uncertainties affect the business, or if estimates or assumptions prove inaccurate. Tiger Brands cannot guarantee that any forward-looking statement will materialise and, accordingly, readers are cautioned not to place undue reliance on these statements. The company assumes no obligation to update or revise any forward-looking statements, even if new information becomes available as a result of future events or for any other reason, save as required by legislation or regulation.