INTEGRATED ANNUAL REPORT 2024

for the year ended 30 September 2024

Our value contribution in 2024

The value created, preserved or eroded for our stakeholders in 2024

Evidence of our turnaround strategy and new operating model are beginning to take effect, with stronger second-half performance under difficult trading conditions

R37,7 billion

Revenue

2023: R37,4 billion

1%

1 942cps

EPS

2023: 1 725cps

13%

R3,1 billion

Group operating income*

2023: R3,1 billion

1%

1 810cps

HEPS

2023: 1 735cps

4%

R724 million

Income from associates

2023: R697 million

4%

684cps

Final dividend

2023: 671cps

2%

1 034cps

Total dividend

2023: 991cps

4%

* Before impairments and non-operational items

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Providers of financial capital
  • R1,6 billion paid in dividends (2023: R1,6 billion)
  • 16,8% return on equity (2023: 15,7%)
  • 21,3% return on net assets (2023: 21,7%)
  • 15,3% return on invested capital* (2023: 14,7%)
  • R5,5 billion cash generated from operations (2023: R2,7 billion)

* Invested capital adjusted to exclude re-instated goodwill on discontinued businesses

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Employees
  • R4,8 billion paid in salaries and benefits to 8 785 permanent employees (2023: R4,5 billion to 9 296 employees)
  • R73,5 million invested in employee training and development (2023: R93 million)
  • One work-related employee fatality (2023: one)
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Customers

(retailers, wholesalers and general trade)

  • 96% on-shelf availability (2023: 98%)
  • 90% order-fill (2023: 91%)
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Communities
  • R28,8 million total socio-economic development spend (2023: R70 million)
  • 14 million breakfasts served by The Tiger Brands Foundation, reaching 74 465 learners (2023: 14 million breakfasts)
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Consumers
  • 48 innovation now includes renovation projects launched this year (2023: 31)
  • 27,9% value share (2023: 29,4%)
  • Expanded our reach in the booming South African informal sector, securing 91 000 general trade stores this year
  • 22 awards
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Suppliers
  • R14,3 billion spent with B-BBEE-verified suppliers (2023: R18 billion)
  • R5,4 billion spent with black-owned enterprises (2023: R7 billion)
  • R4,7 billion spent with black women-owned enterprises (2023: R6 billion)