PERNOD-RICARD - URD 2020-21
CONTENTS
PERNOD RICARD AT A GLANCE
6 I CONSOLIDATED FINANCIAL STATEMENTS
185 186 187 188 190 191 192
02
Consolidated income statement 6.1
1 I EXTRACTS FROM THE INTEGRATED ANNUAL REPORT
Consolidated statement of comprehensive income 6.2
05 06 12 14 16 18 20 24 26 28 30 32 34
Consolidated balance sheet 6.3
Changes in consolidated shareholders’ equity 6.4
Message from the Chairman & Chief Executive Officer
Consolidated cash flow statement 6.5
Our history
Notes to the consolidated financial statements 6.6 Statutory Auditors’ report on the consolidated 6.7 financial statements
Our decentralised organisation
Our Mindset, our purpose
240
Our brand portfolio
Becoming a conviviality platform
7 I PERNOD RICARD SA FINANCIAL STATEMENTS
245 246 247 249
Our S&R roadmap
Some of this year's highlights
Pernod Ricard SA income statement 7.1 Pernod Ricard SA balance sheet 7.2 Pernod Ricard SA cash flow statement 7.3 Analysis of Pernod Ricard SA results 7.4 and balance sheet
Our Board of Directors
Our Executive Board & Executive Committee
Our value creation model
Our key financial
250
Notes to the Pernod Ricard SA Parent Company 7.5 financial statements Other items relating to the financial statements 7.6 Financial results over the last five financial years 7.7 Dividends paid over the last five financial years 7.8
251 263 265 265 266
2 I CORPORATE GOVERNANCE
37 Report of the Board of Directors on corporate governance 38 Composition of the Board of Directors on 30 June 2021 2.1 38 Overview of the composition of the Board of Directors 2.2 and its Committees 39 Duties performed by the Directors 2.3 40 Governance Structure 2.4 48 Composition of the Board of Directors 2.5 50 Structure and operation of the Board of Directors 2.6 56 Structure and operation of the Committees 2.7 59 Compensation policy 2.8 63 Financial authorisations and delegations 2.9 88 Share buyback programme 2.10 90 Items liable to have an impact in the event 2.11 of a public offer 93 Shareholders’ Meetings and attendance procedures 2.12 93 Management structure 2.13 95
Inventory of marketable securities 7.9
Statutory Auditors’ report 7.10
on the annual financial statements
267
Statutory Auditors’ special report 7.11 on regulated agreements
270
8 I COMBINED SHAREHOLDERS’ MEETING Agenda – Combined Shareholders’ Meeting 8.1 on 10 November 2021 Presentation of the resolutions of the Combined 8.2 Shareholders’ Meeting on 10 November 2021 Draft resolutions of the Combined Shareholders’ 8.3 Meeting on 10 November 2021
271
272
273
279
Statutory Auditors’ Report on the share 8.4 capital decrease
295
3 I SUSTAINABILITY & RESPONSIBILITY
97
Statutory Auditors’ report on the issue of ordinary 8.5 shares and/or various securities with retention and/or cancellation of preferential subscription rights 296 Statutory Auditors’ report on the authorisation to grant 8.6 free performance shares (existing or to be issued) to employees and executive officers 298 Statutory Auditors’ report on the authorization to grant 8.7 free shares (existing or to be issued) to Group employees 299 Statutory Auditors’ report on the issuance of ordinary 8.8 Statutory Auditors’ report on the issuance of ordinary 8.9 shares or securities granting access to share capital, with cancellation of preferential subscription rights 301 9 I ABOUT THE COMPANY AND ITS SHARE CAPITAL 303 Information about Pernod Ricard 9.1 304 Information about the share capital 9.2 306 shares or securities granting access to share capital, reserved for employee members of company savings plans 300
Pernod Ricard brings Good Times from a Good Place 3.1 The main sustainability risks and opportunities 3.2
98
100
The four pillars of the Good Times 3.3 from a Good Place roadmap
103 132
Ethics & compliance 3.4
Reference table for the United Nations Sustainable 3.5 Development Goals (SDGs) Methodology note and third-party verification 3.6
141 142
4 I RISK MANAGEMENT
149 150 152 170
Internal control and risk management 4.1
Risk factors 4.2
Insurance and risk coverage 4.3
Risks and disputes: provisioning procedure 4.4 Financial and accounting information 4.5
171 171
5 I MANAGEMENT REPORT 173 Key figures from the consolidated financial statements 5.1 for the year ended 30 June 2021 174 Analysis of business activity and results 5.2 176 Net debt 5.3 179 Outlook 5.4 179 Recent developments 5.5 180 Definitions and reconciliation of non-IFRS measures 5.6 to IFRS measures 180 Material contracts 5.7 181
10 I ADDITIONAL INFORMATION IN THE UNIVERSAL REGISTRATION DOCUMENT
313 314 314 315
Persons responsible 10.1 Documents on display 10.2
Reference tables 10.3
Items in the annual financial report (AFR) are identified in the contents by the pictogram
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