Well-loved ABOUT household brands ASSOCIATED 9/10 BRITISH UK households use our brands

Our purpose is to provide safe, nutritious, affordable and clothing that is great value for money.

A leader in our markets Acting responsibly A global presence

Grocery Retail Respecting everyone’s dignity 52 Our grocery brands occupy leading is the largest clothing, countries operated positions in markets across the footwear and accessories Acting with integrity in worldwide globe. In the UK, nine out of ten retailer in the UK, and also has a Progressing through households use our brands. significant store portfolio in ten collaboration European countries and in the US. Sugar Pursuing with rigour AB Sugar is one of the largest sugar producers in the world. Illovo is the largest sugar producer in Africa and British Sugar is the sole Read more about our values and how we make processor of the UK crop. a difference in our 2019 Responsibility Report www.abf.co.uk/responsibility Design and production Agriculture AB Agri is the UK’s largest agri-food company and a An entrepreneurial leader in nutrition, science and technological innovation spirit in animal feed.

Printed by Park Communications on This document is printed on Ingredients 138,000 FSC® certified paper. Nautilus SuperWhite using vegetable oil-based inks. Made in Austria, the Our Ingredients business people worldwide Park works to the EMAS certification and stocks comprise 100% de-inked is a leader in yeast, bakery its Environmental Management System post-consumer waste. Pulps used ingredients and specialty is certified to ISO 14001. are totally chlorine-free. ingredients for the food, feed This publication has been manufactured and pharmaceutical industries. The Forest Stewardship Council® (FSC®) using 100% offshore wind electricity is dedicated to the promotion of sourced from UK wind. responsible forest management 100% of the inks used are vegetable worldwide. The forest-based material oil based, 95% of press chemicals in this product is recycled and the FSC® Read more Read more about our people are recycled for further use and, on label on this product ensures responsible page 2 www.abf.co.uk/responsibility average 99% of any waste associated use of the world’s forest resources. with this production will be recycled. Strategic report Our businesses at a glance

A DIVERSE GROUP OF BUSINESSES

Revenue and The Americas Grocery Twinings and Ovaltine are our leading In the US, Mazola is the leader in corn oil 100 £3,521m global hot beverage brands enjoyed in and we sell a range of baking brands Twinings and Ovaltine over 100 countries. through retail and foodservice channels. 2018: £3,420m Capullo is a premium canola oil in Mexico. Household food enjoyed in over 100 countries Europe and international Our portfolio includes Mazzetti Australia brands enjoyed all Adjusted operating profit balsamic vinegars, Jordans and Dorset Ham, bacon and smallgoods under the over the world cereals, , Kingsmill, Patak’s and Don and KRC brands. Tip Top Bakeries 16,000 £380m Blue Dragon, Silver Spoon and produce a range of well-known breads employees 2018: £335m Billington’s sugars. and baked goods. Yumi’s produces hommus, vegetable dips and snacks. Read more page 12 Revenue Europe Southern Africa Sugar Our UK beet sugar factories typically Illovo is Africa’s largest sugar producer 24 £1,608m produce well over 1 million tonnes of with agricultural and production facilities plants worldwide sugar annually. Azucarera in Spain in six countries. Typical annual sugar A world-leading 2018: £1,730m produces beet sugar from three factories production is 1.7 million tonnes. and also refines sugar from cane raws. China sugar business Adjusted operating profit We operate two beet sugar factories focused on excellence in the north east of China, with annual 34,000 £26m sugar production capacity of over employees 2018: £123m 180,000 tonnes. Read more page 22

Revenue AB Agri It supplies compound animal feed, feed Agriculture AB Agri produces animal feed, nutrition- enzymes, specialised feed ingredients 65 £1,385m and technology-based products and and a range of value-add services to services for the agri-food industry. It farmers, feed and food manufacturers, countries worldwide 2018: £1,350m Products and services operates all along the food, drink and processors and retailers. It also buys biofuel industry supply chains. grain from farmers and supplies crop for the agri-food Adjusted operating profit inputs through its joint venture arable industry 3,000 £42m operation, . employees 2018: £59m Read more page 30 Revenue Yeast and bakery ingredients Specialty ingredients Ingredients AB Mauri operates globally in yeast and ABF Ingredients produces value-added 52 £1,515m bakery ingredients production, supplying products and services for food and plants in production industrial and artisanal bakers and the non-food applications. 2018: £1,459m foodservice and wholesale channels. It is Yeast, bakery and for AB Mauri It manufactures and markets enzymes, a technology leader in bread improvers, specialty lipids, yeast extracts, extruded dough conditioners and bakery mixes. specialty ingredients Adjusted operating profit ingredients, pharmaceutical excipients supplied globally and antacids worldwide with 7,000 £136m manufacturing facilities in Europe, employees 2018: £143m America and India. Read more page 34 Revenue Primark Buying and merchandising teams in Primark is a major retail group operating Dublin () travel Retail 373 £7,792m stores in the UK, Republic of Ireland, internationally to source and buy fashion stores Spain, Portugal, Germany, the items that best reflect each season’s key 2018: £7,477m Netherlands, Belgium, Austria, France, fashion trends. Primark’s range includes Quality fashion Italy, Slovenia and the US. womenswear, lingerie, childrenswear, menswear, footwear, accessories, at value-for-money Adjusted operating profit It offers customers quality, up-to-the- hosiery, beauty and homeware. prices 78,000 £913m minute fashion at value-for-money prices. employees 2018: £843m Read more page 40

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