- About C&C Group
- Brand Portfolio
- Downloads
- Management Reports
- Strategic Report
- About C&C Group
- Management Reports
- Brand Portfolio
- Strategic Report
- Downloads
C&C Group is a brand-led drinks business which owns, manufactures, markets and distributes a broad range of branded alcoholic and non-alcoholic drinks.
C&C Group’s brands include: Bulmers, the leading Irish cider brand; Tennent’s, the leading Scottish beer brand; Magners, the premium international cider brand; as well as a range of super-premium and craft ciders and beers.
C&C is also a leading drinks wholesaler in the UK and Ireland, where it operates under the Matthew Clark, Bibendum, Tennent’s and C&C Gleeson brands.
C&C Group is headquartered in Dublin and its manufacturing operations are based in Co. Tipperary, Ireland; Glasgow, Scotland; and Vermont, US. As well as operating in its home markets of the UK and Ireland, the Company exports its key brands to over 60 countries globally. C&C Group plc is listed on the Irish and London Stock Exchanges.
Net Revenue
decreased by 4.9%
Operating Profit
before exceptional items down 7.0%
Operating Margin
before exceptional items down 0.4 ppts
Adjusted Diluted Earnings Per Share
per share down 5.2%
Free Cash Flow Conversion
before exceptional items
Our commitment to you last year, in a challenging wider operating environment, was to continue to advance our strategy to build a sustainable, international, cider-led, multi-beverage business through a combination of organic growth and selective acquisitions. The results of the last 12 months demonstrate the merits of that approach. While our headline numbers reflect a relatively static financial performance, the further development of our heritage brands, craft offering and customer reach is particularly encouraging.
Download Chairman's StatementFY2018 was a significant year of progress for the Group, both in terms of strategic development as well as improved underlying performance. While the trading environment in our key markets of the UK and Ireland remained challenging, our branded portfolio returned to volume and revenue growth, outperforming the broader LAD market.
Download CEO's ReviewC&C is reporting net revenue of €548.2 million, operating profit of €86.1 million, adjusted diluted EPS of 22.0 cent and FCF of 70.5%. On a constant currency basis net revenue decreased 4.9% and operating profit decreased 7.0%. The Group revenue decline of 4.9% was largely attributable to the discontinuation of certain wholesale accounts in Ireland under the terms of our new revised distribution arrangements with AB InBev.
Download CFO's ReviewIncluding distribution rights for certain AB InBev beer brands such as Stella Artois, Beck’s, Corona, Budweiser.
Including distribution rights for certain AB InBev beer brands such as Stella Artois, Beck’s, Corona, Budweiser.
Including distribution rights for certain AB InBev beer brands such as Stella Artois, Beck’s, Corona, Budweiser.
Including distribution rights for certain AB InBev beer brands such as Stella Artois, Beck’s, Corona, Budweiser.
"Must-have" local brands
Craft and premium consumer experimentation
Local, niche and specialty brands
Access to global brands
Range, insight, expertise – a "one-stop shop"
FY16
€103.2m
FY17
€95.0m
FY18
€86.1m
FY16
14.5%
FY17
15.9%
FY18
15.7%
FY16
24.2c
FY17
23.8c
FY18
22.0c
FY16
€113.4m
FY17
€54.3m
FY18
€66.0m
FY16
103.1%
FY17
53.0%
FY18
70.5%
FY16
1.33x
FY17
1.55x
FY18
2.37x
FY16
13.65c
FY17
14.33c
FY18
14.58c
FY16
56.4%
FY17
60.2%
FY18
66.3%
FY16
45,071t
FY17
41,228t
FY18
31,612t
FY16
24t
FY17
16t
FY18
0t
FY16
0.42
FY17
0.56
FY18
0.54
"Must-have" local brands
"Must-have" local brands
Craft and premium consumer experimentation
Craft and premium consumer experimentation
Local, niche and specialty brands
Local, niche and specialty brands
Access to global brands
Access to global brands
Range, insight, expertise – a "one-stop shop"
Range, insight, expertise – a "one-stop shop"
Enhance value of key
|
Grow Super-Premium and Craft portfolioLeverage key brand strength and market position to grow our portfolio of Premium and Craft brands |
Brand-led drinks wholesaler in key marketsDeliver unrivalled portfolio strength, value and service to the UK and Irish hospitality sectors |
Brand-led drinks wholesaler in key marketsDeliver unrivalled portfolio strength, value and service to the UK and Irish hospitality sectors |
Rigorous focus on costs and efficienciesOngoing commitment to delivering operational efficiencies and cost control |
|
Rigorous focus on costs and efficienciesOngoing commitment to delivering operational efficiencies and cost control |
International growthGrow international volumes of our key brands through strategic alliances |
Capital allocation to enhance growth and shareholder returnsSelective acquisitions to fuel sustainable, profitable growth and/or cash returns to shareholders |
Operating profit (before exceptional items)
FY16
€103.2m
FY17
€95.0m
FY18
€86.1m
Operating profit (before exceptional items), as a percentage of net revenue
FY16
14.5%
FY17
15.9%
FY18
15.7%
Attributable earnings before exceptional items divided by the average number of shares in issue as adjusted for the dilutive impact of equity share awards
FY16
24.2c
FY17
23.8c
FY18
22.0c
Free Cash Flow is a non GAAP measure that comprises cash flow from operating activities net of capital investment cash outflows which form part of investing activities
FY16
€113.4m
FY17
€54.3m
FY18
€66.0m
The conversion ratio is the ratio of free cash flow as a percentage of EBITDA before exceptional items
FY16
103.1%
FY17
53.0%
FY18
70.5%
The ratio of net debt (Net debt comprises borrowings (net of issue costs) less cash) to Adjusted EBITDA
FY16
1.33x
FY17
1.55x
FY18
2.37x
Total dividend per share paid and proposed in respect of the financial year in question
FY16
13.65c
FY17
14.33c
FY18
14.58c
Dividend cover is Dividend/Adjusted diluted EPS
FY16
56.4%
FY17
60.2%
FY18
66.3%
To achieve the highest standards of environmental management
FY16
45,071t
FY17
41,228t
FY18
31,612t
To achieve the highest standards of environmental management
FY16
24t
FY17
16t
FY18
0t
The number of injuries that resulted in lost-work days, per 100,000 hours working time in production facilities
FY16
0.42
FY17
0.56
FY18
0.54