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Coopers Annual Report 2015.Pdf Coopers 2015 Annual Report Highlights 4–5 Vintage Ale Launches 16 Awards 23 Chairman and Managing Director’s Report 6–7 New Products 17 Shareholders 24 Brewers Association 8 Premium Beverages 18 Vale Matthew Cooper 25 Drinkwise and Tax Footprint 9 Partner Brands 19 Foundation 26–27 Work Health and Safety 10 Non Alcoholic Products 20 Social Club 28 Capital Expenditure 11 Malt Extract and DIY Beer 21 Our People 29–30 Marketing 12–13 Morgan's and Mr Beer 22 Farewell Glenn 30 Sponsorships 14–15 Cooper family. Est. 1862. Coopers reaches agreement V8 SupercarS platform to brew and partner distribute relationship extended Brooklyn Lager until 2020 in AustraliA Coopers Brewery Foundation Q distributions reach $3.1 Mil New Zealand New 8.5 litre Craft Brew Kit REPORT ANNUAL 2015 COOPERS released Highlights Cheersto another Total beer sales year. 5 grow to a record great 78.8 MELANIE COOPER million litres is appointeD THATCHERS Director of GOLD Finance in wins major New internal roads and addition to a more efficient truck her role as Australian loadingoading system introduced Company Secretary Cider as part of the AND DIRECTOR OF Awards installation CORPORATE AFFAIRS of additional fermenters CHAIRMAN AND MANAGING DIRECTOR’S REPORT Total beer sales for the year rose Our margins continue to be The main item of capital Coopers renewed its sponsorship This troubling REPORT ANNUAL 2015 COOPERS A new agreement expenditure this year was the with the V8 Supercars, and with Brooklyn 4.7% to a record 78.8 million litres, under pressure as retailers fight decline IN completing 22 years of continuous to maintain their profits despite purchase and installation of expanded its involvement in Brewing of growth in beer sales. Coopers has the declining volumes. This is CONSUMPTION another four fermenters, with the cultural and community events. New York, and increased its market share again, seen in retailer demands for represents a loss capacity of 200,000 litres each. We also extended our naming to just under 5%, as the total increasing discounts and rebates. of nearly 10% of This takes the total number of rights of the Coopers Stadium at continued fermenters to 28. Hindmarsh for another five years, strong growth market continues to decline. Higher rebates for draught beer Australia’s beer are recouped through increases and renewed our involvement Revenue for 2014-15 of $235.1 The new vessels necessitated in sales, provided in wholesale keg prices which volume in 6 years, with Norwood Football Club million rose from $231.3 million changes to roads within the highlights in push up the price of tap beer, and despite a growing which is our longest continuous last year. After tax profit increased brewery, and the opportunity further reduce consumer demand. sponsorship. what was a year by 3.2% to $28.9 million, from population. was taken to streamline brewery of consolidation $28.0 million last year. Fully Margin pressure is compounded trac flow and cater for additional On behalf of the Coopers Board franked dividends totalling $12 per by the profit on packaged beer truck movements. Total works and management, we wish to for Coopers 7 share were paid, consistent with being less than kegs, per unit amounted to $4.5 million. thank our shareholders, sta¡, Brewery customers and suppliers for their last year. volume. Added to the retail price In January this year, Tim had throughout pressures are increasing costs ongoing commitment to the Packaged beer volumes grew by the honour of being appointed in malt, our key ingredient. The company’s success. 2014-15. 6.3%, but keg volumes declined Chairman of the Brewers malt price rose by $60 per tonne by 2.7% to 12.8 million litres. Association of Australia and during 2014-15. This decline in our draught beer New Zealand. One of the major volume is to a level we last saw in In June, Coopers reached in- issues being addressed is that 2009. This mirrors the decline in principle agreement with Brooklyn of tax reform. The Association’s Australian beer consumption since Brewing in New York to brew Chief Executive, Denita Wawn 2009, when the national volume and distribute Brooklyn Lager elaborates further on the topic was 18.7 million hectolitres. in Australia and New Zealand. in this report. Brooklyn was established in Australia is now drinking less than Regarding the DIY Beer section of Dr Tim Cooper AM 1988, and is now the eleventh 17 million hectolitres per annum, our business, domestic sales fell as Managing Director largest craft brewer in America. levels not seen for more than 40 a result of distribution issues with The agreement strengthens years. This troubling decline in major retailers. Beer kit sales at the international beer portfolio consumption represents a loss our US subsidiary Mr Beer su¡ered managed by our subsidiary of nearly 10% of Australia's beer due to increased competition. Premium Beverages. volume in six years, despite a growing population. Glenn Cooper AM Chairman BREWERS ASSOCIATION DRINKWISE AND TAX FOOTPRINT As part of Coopers' commitment DrinkWise has also been at Campaigning to correct the to corporate social responsibility, the forefront of encouraging we remain proud financial moderation at sporting, music supporters of DrinkWise and cultural events through the taxing times of the past Australia. Through its national You won’t miss a moment if you information and education DrinkWise campaign. DrinkWise campaigns, DrinkWise seeks to and the alcohol industry also change the Australian drinking continue to collaborate to ensure culture to one that is safer that labelling and packaging distortions created by the wine and healthier. contain signposts to health taxation system. Wine producers information for consumers – Dr Tim Cooper was receive significant rebates from Throughout 2014-15, DrinkWise encouraging them to 'Get the this year appointed government with 85% of wine has promoted moderation and Facts' via the Drinkwise website. Chair of the producers not paying any tax. personal responsibility through a range of initiatives including Importantly, our commitment Brewers Association Cheap wine is also taxed at a rate its award-winning How to Drink to DrinkWise allows them to of Australia & New as low as five cents per standard Properly campaign aimed at continue funding key alcohol Zealand. drink, compared with $1.50 per 18-24 year olds. The approach education programs in the standard drink for beer. challenges young adults to ‘stay Northern Territory, aimed at The Association continued to classy’ by moderating the intensity indigenous men and teenage REPORT ANNUAL 2015 COOPERS facilitate and promote industry and frequency of excessive indigenous women. The Association represents the social responsibility through self- consumption, and by providing Further information is available major brewers on both sides regulation of alcohol marketing advice and tips that highlight the We have sought to highlight on the DrinkWise website of the Tasman, who together (ABAC Scheme) and by funding the industry through a number di¡erence between poor drinking www.drinkwise.org.au produce and/or distribute around DrinkWise, which encourages of events including a State of practices and drinking properly. 95% of beer consumed in moderate consumption and a Origin night at Parliament House Australia and New Zealand. reduction in the misuse of alcohol, and hosting of an International The Association’s Chief Executive mainly through social marketing Women’s Day Lunch with beer Ocer, Denita Wawn, prepared a campaigns. and food matching. brief report on activities Improving the industry’s public Our priorities over the next 12 9 during 2014-15. reputation remains a priority months will be to expand our Coopers is committed to its corporate 1% A major focus of our attention in for the Association, with work positive reputation campaign 7% responsibility, which includes the 2015 was alcohol taxation. aimed at ensuring politicians and into the public domain and also 2% payment of taxes to governments. decision makers have a better facilitate a more balanced debate While the Brewers Association understanding of our industry and on alcohol as it relates to health, Payment of tax is a significant way in believes that beer is taxed too our products. misuse and violence. which we believe we contribute to the highly in Australia, our major benefit of the wider community. The priority has been to resolve Excise & following chart provides a summary of TOTAL customs taxes levied directly against Coopers in TAXES duties all the regions we operate in (Australia, New Zealand and the USA) for the 2015 BORNE Other taxes We are proud that: financial year. In addition to those taxes $134.4M shown in the chart, we collect amounts Corporate on behalf of governments, such as GST, income tax Each beer production Domestic production withholding tax, and employee taxes. job creates about of beer sold at the retail 93% of beer level results in around consumed in Australia The taxes borne by Coopers represent Employer 27 jobs is produced in Australia. an immediate cost to our business, and taxes up and down the $15 billion impact our profit and loss. supply chain. in economic output 90% in Australia. WORK HEALTH AND SAFETY CAPEX To good health and happiness! Building capacity COOPERS 2015 ANNUAL REPORT ANNUAL 2015 COOPERS and atmospheric testing was Bullying and harassment Coopers continued undertaken; and we continued prevention and awareness to review and audit our legislative training was delivered, and a its drive to ensure compliance documents and number of sta¡ completed their all employees enjoy systems. contact ocer training. In a move a healthy and safe designed to broaden the skills and On the training front, six safety of sta¡, driver training was workplace, with employees passed their Institute provided to sales, marketing and the introduction of Brewing and Distilling events personnel.
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