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ABOUT US | OUR PERFORMANCE | STRATEGIC REVIEW | CORPORATE GOVERNANCE | FINANCIAL STATEMENTS
About This Report
Our reporting scope and boundary
The Integrated Report for the fiscal year ended June 30, 2023, provides a comprehensive overview of East African Breweries PLC's (EABL's) business model. It encompasses information regarding our company's strategy, governance, material risks, approach to operating responsibly, and financial and non-financial performance. The objective is to deliver a cohesive and inclusive report to our current and potential investors that reflects how the company creates value for all its stakeholders.
Framework
Our Integrated Report follows the principles outlined in the International Integrated Reporting Framework, ensuring adherence to its fundamental concepts. The Annual Financial Statements have been diligently prepared in accordance with the International Financial Reporting Standards (IFRS). The report is part of our commitment to fostering transparency and accountability towards our stakeholders. The Group continuously evaluates whether there are additional reporting frameworks or metrics we could use to further enrich our disclosures.
Materiality
We apply the principle of materiality in assessing which information is to be included in our Integrated Report. Through a review of our operating environment and engagement with our key stakeholders, we have identified and reported on the issues, risks, and opportunities that we believe could materially affect EABL and its ability to be a sustainable business that consistently delivers value to our key stakeholders.
Assurance
To enhance the integrity of our report, the financial statements were audited by PricewaterhouseCoopers LLP. Their independent report in relation to the financial statements of the Group is set out on page 139 to page 143 of this report.
Integrated Report & Financial Statements 2023 3
OUR BUSINESS | OUR PERFORMANCE | STRATEGIC REVIEW | CORPORATE GOVERNANCE | FINANCIAL STATEMENTS
Inside The Report
Our Business
EABL Overview | 08 |
Geographic Footprint | 08 |
Group Structure | 08 |
Corporate History and Significant Milestones | 10 |
Our Business Model | 14 |
Stakeholder Management | 18 |
Our Performance
Performance Highlights | 24 |
Group Chairman's Statement | 26 |
Group CEO's Statement | 30 |
Group CFO's Statement | 34 |
Our Strategy
Strategic Review | 42 |
Market Trends | 45 |
Strategic Imperatives | |
Vibrant Beer | 48 |
Explode Mainstream Spirits | 50 |
Win in Premium | 52 |
Shape New Frontiers | 57 |
Strategy Enablers | |
Aspirational and Accessible Innovations | 61 |
Digital Transformation | 64 |
Route to Consumer | 67 |
Reputation, Society 2030 | 72 |
Managing Risk | 91 |
Supply Footprint | 97 |
Efficient Growth/Productivity | 99 |
Our People | 101 |
Corporate Governance
Board of Directors | 106 |
Executive Committee | 110 |
Corporate Governance Statement | 112 |
Financial Statements
Corporate Information | 126 |
Directors' Report | 130 |
Directors' Remuneration Report | 134 |
Statement of Directors' Responsibilities | 138 |
Report of the Independent Auditor | 139 |
Financial Statements | 144 |
Other Information
Notice of Annual General Meeting | 208 |
Principal Shareholders and Share Distribution 214 | |
Proxy Form | 217 |
Electronic Communications Consent Form | 218 |
4 Integrated Report & Financial Statements 2023
EABL is committed to creating economic, social, and environmental value in the communities where we live, work, source, and sell.
We are focussed on preserving the resources upon which our business and our communities depend. We are working to preserve water for life, accelerate to a low-carbon world and become sustainable
by design - helping to create a better future for communities everywhere.
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Disclaimer
East African Breweries Ltd. published this content on 23 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2023 12:38:03 UTC.