INTEGRATED ANNUAL REPORT 2020/2021

1. Strategic presentation of the group

VALUE CREATION

THE GROUP’S DNA

Terroirs
  • Terroirs of exception (Cognac, Islay, Samos, Barbados, etc.)
  • 64% of our agricultural raw materials are "responsible and sustainable agriculture" certified
  • 100% of our winegrowers within the Cognac AOC are committed to "High Environmental Value" agriculture
People
  • Preservation of ancestral know-how (cellar masters)
  • Commitment to employee well-being
  • Shared ethical responsibility
Time
  • Family-owned company since 1724
  • Ageing of certain of our eaux-de-vie for more than 100 years
  • Engaged governance to support the Group in the long term

EXCEPTIONAL SPIRITS THAT TASTE LIKE THEIR TERROIR..

SUSTAINABLE VALUE CREATION
  • High-end positioning in high-growth segments
  • A portfolio of 14 exceptional spirits
  • Adding value to our spirits (price/mix gains)
  • Reinforcement of brand recognition and attractiveness

...AND CREATE VALUE

Portfolio management optimisation:

  • clarification of each brand’s mission within the Group
  • setting of priorities, maximising the investments behind the most profitable brands

Sustained, responsible, profitable growth in sales; maximising of gross margin 

Increase in investment capacity:

  • brands (media, digital, education)
  • distribution network: development of a direct distribution network (stores, e-commerce, Private Client Directors, etc.)
  • product development that respects the environment (sustainable agriculture, eco-packaging, reduction in carbon emissions)

SHARED WITH ITS STAKEHOLDERS

Employees
  • Average Group salary: score of 107 compared with international benchmark
  • Close to 20,000 hours of training (despite the pandemic)
Government
  • €78 million paid in corporate income tax in2020/2021 (tax rate: 35%)
Civil society
  • €1 million (over a five-year period) invested by the Rémy Cointreau Foundation to promote and transfer exemplary skills and know-how
Shareholders
  • Steady increase in dividends over the past 20 years
  • Significant increase in dividends to €1.85 in 2020/2021
  • Stock market capitalisation up nearly €5 billion over the last five years 
    (at 31 March 2021)
Local communities
  • Strong commitment within the communities of Cognac (France), Angers (France), Islay (Scotland) and Barbados
Suppliers
  • Alliance Fine Champagne: 2.25% shareholder of Rémy Cointreau
  • Partner training provided by our agronomists (sustainable agriculture)