Integrated Annual Report 2021

Our value contribution in 2021Download pdf version

The value created, preserved or eroded for our stakeholders in 2021.

DELIVERY OF VALUE BY STAKEHOLDER GROUP

PROVIDERS OF FINANCIAL CAPITAL

R1,7 billion

paid in dividends

(2020: R740 million)

   

Return on equity

12,7%

(2020: 9,0%)

   

Return on net assets

19,3%

(2020: 21,1%)

   

Cash generated from operations

R4,0 billion

(2020: R3,0 billion)

CUSTOMERS (retailers, wholesalers and general trade)

97% on-shelf availability
(2020: 96%)

90% order-fill
(2020: 90%)

   
  • Improved promotional discipline
  • Prioritising customers’ perceptions through an action plan to further improve service levels and enhance engagements
  • Improved product availability and average basket size in the general trade
EMPLOYEES

R4,0 billion

paid in salaries and benefits to 10 158 permanent employees
(2020: R4,1 billion to 11 188 employees)

   

R94 billion

invested in employee training and development (2020: R97 million)

Zero employee fatalities
(2020: 2)

 

   

2021 Southern Africa Gender Mainstreaming Champion Women on Boards – recognising the deliberate and targeted steps we have taken to increase representation of women in senior leadership and decision-making roles.

CONSUMERS

46 innovation projects launched this year, 31% growth on FY20

Foundational work concluded to speed up innovation Launched the Tiger Brands Venture Capital Fund

   

Responded to growth in e-commerce with raised online presence
Africa strategy re-invigorated and appropriately resourced
Billion Rand Brands maintain or improve brand health

 

   

28,6% value share

Tastic X Laduma Heritage Advert wins Kantar Best Liked Advert

SUPPLIERS

R14 billion spent with broad-based black economic empowerment (BBBEE) verified suppliers (2020: R13 billion)

   

R6 billion spend with black-owned enterprises
(2020: R5 billion)

   

R4 billion spend with black women-owned enterprises
(2020: R4 billion)

COMMUNITIES AND ENVIRONMENT

R23 million total socio-economic development (SED) spend
(2020: R32 million)

   

99 million cumulative meals since 2011

Received the Empowerment of Women in the Community Award and the Economic Empowerment Award at the annual Gender Mainstreaming Awards

  FINANCIAL PERFORMANCE (FROM CONTINUING OPERATIONS)
  REVENUE
 

R31,0 billion

2020: R29,8 billion

   
  GROUP OPERATING INCOME*
 

R2,2 billion

2020: R2,5 billion

   
  GROUP OPERATING MARGIN*
 

7,2%

2020: 8,3%

   
  HEPS
 

1 127 cents

2020: 1 196 cents

   
  TOTAL DIVIDEND
 

826 cents per share

2020: 670 cents per share

   
 

* Before impairments and non-operational items



CONTACT DETAILSExpand

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.