百威亚太(01876) - 2021 - 年度财报

Financial Performance - Revenue for 2021 reached $6,788 million, with a normalized EBITDA growth of 27.3%[7] - Revenue grew by 14.9% to $6,788 million in fiscal year 2021, up from $5,588 million in 2020[17] - Normalized EBITDA increased by 27.3% to $2,139 million in fiscal year 2021, compared to $1,584 million in 2020[17] - The normalized EBITDA margin expanded by 308 basis points to 31.5% in fiscal year 2021[17] - In China, revenue and normalized EBITDA increased by 18.0% and 28.7% respectively in fiscal year 2021, exceeding pre-pandemic levels[19] - The company achieved a sales increase of 8.5% and revenue growth of 19.7% in China in Q4 2021, leading to a normalized EBITDA increase of 25.6%[23] - For the fiscal year 2021, the company reported an 18.0% increase in revenue and a 28.7% rise in normalized EBITDA, both exceeding pre-pandemic levels[23] - The company’s revenue for the fiscal year 2021 increased by 14.9%, with a 6.1% rise in revenue per hectoliter, attributed to the growth in premium and super-premium segments[31] Market and Sales Growth - Beer sales volume was 87,878 million liters, reflecting strong demand in the market[7] - Total volume increased by 8.3% to 87,878 million liters in the fiscal year 2021, compared to 81,115 million liters in 2020[17] - The company’s sales volume increased by 9.3% for the fiscal year 2021, driven by strong performance in high-end brands like Budweiser and Harbin Beer[23] - In South Korea, market share increased by 129 basis points in fiscal year 2021, driven by new product launches[20] - Revenue in the western Asia-Pacific region increased by 18.5% in fiscal year 2021[22] Sustainability Initiatives - The company aims for net-zero emissions across its entire value chain by 2040, with a focus on sustainability initiatives[4] - The company achieved a 15.5% reduction in CO2 emissions per hectoliter compared to the 2017 baseline year[8] - 65.1% of products are packaged using recyclable materials, with 50.1% made from recycled materials[8] - The company has reduced greenhouse gas emissions across its value chain by 15.5% compared to the baseline year of 2017[66] - The company is committed to transitioning to 100% renewable electricity (RE100) operations by 2025, aiming for net-zero emissions across its value chain by 2040[65] - The company has installed solar panels in 13 breweries across the Asia-Pacific region in 2021, with plans to install rooftop solar panels in local breweries in Korea[67] - Water usage efficiency ratio across Asia-Pacific breweries reduced to 2.34 hectoliters per hectoliter, a 22% decrease from the baseline year of 2017[70] - Over 500 water structures built in 13 villages, creating approximately 558,245 cubic meters of water storage, benefiting 35,700 people[71] Digital Transformation - Over 500,000 customers utilized the proprietary B2B digital platform BEES in 2021, with more than 10,000 retailers using its transaction features[5] - The company plans to expand its digital ecosystem to 60 new cities in 2022, enhancing growth opportunities[5] - The company plans to launch its BEES B2B platform in 60 new cities in 2022, enhancing digital solutions for wholesalers and retailers[25] Corporate Governance - The board of directors consists of a balanced mix of executive and non-executive directors, currently comprising seven members[96] - The company has adhered to the corporate governance code throughout the reporting period, ensuring compliance with applicable provisions[116] - The board is responsible for approving long-term goals and overall strategies, as well as overseeing the company's major objectives[118] - The company has a robust risk management framework to mitigate financial and market risks[148] Community Engagement and Social Responsibility - The company conducted over 73,500 hours of volunteer service across 171 events by December 31, 2021[85] - The company provided nearly 500,000 bottles of drinking water during the Henan flood relief efforts[83] - The company has donated over 1.5 million bottles of emergency drinking water since 2015[83] - The company aims to reduce harmful alcohol consumption by at least 10% by 2025, in line with WHO targets[78] Financial Position and Investments - The net cash position increased by $743 million to $2 billion at the end of fiscal year 2021[21] - Cash and cash equivalents as of December 31, 2021, were $2,007 million, up from $1,281 million as of December 31, 2020[44] - Total debt as of December 31, 2021, was $203 million, a decrease from $235 million in 2020[51] - The company’s capital expenditures for the fiscal year 2021 did not show significant changes compared to previous years[53] Strategic Priorities - The company remains committed to investing in organic growth plans and seeking strategic acquisition opportunities[21] - The company is exploring strategic acquisitions to enhance its product portfolio and market reach, with a focus on companies in the beverage sector[5] - The company will continue to focus on eight strategic priorities including climate action, water stewardship, circular packaging, smart agriculture, responsible drinking, entrepreneurship, diversity and inclusion, and ethics and transparency[93]