Experienced, diverse leadership team and skilled employees, underpinned by strong governance structures
NCReliable and sustainable access to primary agricultural products (including wheat, rice, maize, oats, sugar and sorghum), other ingredients, packaging, electricity, fuel and water
MCWell-capitalised manufacturing plants, supported by efficient and effective supply chain, distribution and logistics networks
SRCStrong and trusted corporate brand, positive supplier and customer relations, and constructive relationship with government, regulators and host communities
ICContinuous investment in our brands through research and development, marketing investment and innovation informed by strong consumer insights
FCAccess to financial capital, through strong cash generation and enhanced by superior investor returns and sustained market confidence
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Trends impacting value:
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Tiger Brands creates value and delivers on its purpose by producing, marketing and distributing everyday branded food, home and personal care products, predominantly in South Africa with a growing market presence across Africa. Our core category is food with immediate adjacencies in beverages, snacks and treats. Our product portfolio is well placed to grow our presence in most categories and markets through further innovation and in organic opportunities.
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Our revenue streams comprise product sales from:
Material revenue differentiators
Our most significant cost streams are:
Material cost differentiators
Tiger Brands’ cost base is highly sensitive to exchange rate volatility with ~70% of our costs directly or indirectly exposed to exchange rates. Price/volume management is therefore a key strategic lever.
Variable | Impact* R million |
---|---|
Forex (sensitivity to 5% weaker rand) | |
Domestic operations** | (305,0) |
International and associates translation | 59,7 |
Exports | (93,2) |
Price increases | |
Effect of a 1% movement in price increases | |
Up | 328,1 |
Down | (328,1) |
Volume growth | |
Effect of a 1% movement in volume growth | |
Up | 305,8 |
Down | (305,8) |
Logistics*** | |
R1 increase per litre of fuel | (R25,0) |
* | Impact on operating income |
** | Assumes no recovery in price |
*** | Excludes Bakeries |
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