Pensioner Newsletter 2012
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Celebrating the Diamond Jubilee of Her Majesty the Queen Winter 2012 2 c Welcome to the annual Diageo Pensioner Newsletter o In response to feedback received last year, we’ve updated the style and content of the newsletter. We hope you find your new-look newsletter informative and interesting. If you have any comments regarding the content or layout, we’d love to hear from you. n As Christmas draws closer, and we look forward to spending time with friends and family, it’s also a good time to reflect on the past year, and recall how things have changed. 2012 has been a good year for Diageo as a business, which you can read t about in the Company update. From a sporting point of view, the UK has played host to and taken part in some fantastic events – culminating with e the European win of the Ryder Cup in Illinois, USA, in September. This brings great expectation to Gleneagles, Host Venue for The 2014 Ryder Cup. Inside, you can read about how ‘The Competition’ is returning to where it began all those years ago. n Returning to the present though, whatever your plans and preparations for Christmas and the New Year ahead, on behalf of the Trustees and the Pensions Team we would like to wish each of you a very merry Christmas, and a happy and healthy New Year. t Contacting us s Enquiries about pension payments, tax on pensions and changing bank details: Pension Payroll Team on 0131 519 2020 Notifying us of a change of address or a member bereavement: Pensions Team on 0131 519 2100 Address for correspondence: Pensions Team 5 Lochside Way Edinburgh EH12 9DT email: [email protected] Working hours: Our working hours: 9 am – 5 pm Monday to Friday except public holidays Diageo Pensioner Newsletter 3 c Welcome 2 o Diageo Company update 4 £1 billion Scotch whisky investment 5 Diamond Jubilee by John Walker & Sons 6 n Keeping your data safe 8 J & B wine offer 9 t Diageo grant scheme changes 11 e Winter health: Flu or cold? 13 Food: Big Ideas for smaller appetites 14 n Christmas drinks suggestions 15 Gleneagles and The Ryder Cup 16 t Kilmarnock – the end of a proud era 18 s Diageo Pensioner Newsletter 4 Diageo Company update Diageo is a strong business and, as our 2012 results show clearly, it’s only getting stronger. We’ve increased our presence in the faster growing markets of the world, through both acquisitions and strong organic growth. We’ve also enhanced our leading brand positions globally, through effective marketing and industry-leading innovation, and strengthened our routes to market. Net sales grew by 6% and our operating profit was up 9% globally. We expanded our operating margin and reported increased earnings per share. EUROPE NORTH AMERICA ASIA PACIFIC AFRICA LATIN AMERICA & CARIBBEAN OUR GLOBAL SUPPLY IS DIAGEO IS ORGANISED ACROSS RESPONSIBLE FOR WE EMPLOY OVER 25,000 5 REGIONS WITH 21 WITH OFFICES IN 80 COUNTRIES PRODUCTION AND DISTRIBUTION MARKETS TALENTED PEOPLE IN OVER 30 COUNTRIES WORLDWIDE Our global growth is generated by our performance an important and profitable business for us. Russia, Eastern in each of the 21 individual markets, where conditions Europe, and Turkey had an excellent year; and vodka, in each vary greatly. We are driving for growth everywhere. Scotch and Captain Morgan grew strongly across the region. Our geographical spread means that we can balance the contribution of our high growth markets with those that Thriving business in Africa, where we’ve had another are experiencing current economic challenges – which outstanding year. Net sales are up 11%, and over 40% of that is a significant source of strength. Some examples of market growth came from spirits. We are building a thriving spirits results for 2012 are: business to complement our success in beer. This is more than making up for the challenging conditions in some Number one in North America This is the most profitable of the African markets. spirits market in the world. As a result of our rigorous focus on brand building and enhancing our route to market, Outstanding performance in Latin America & the we hold the number one position and we saw a 7% growth Caribbean –19% net sales growth following great results in spirits alone last year. in 2011. We have strong growth from our brands, particularly Buchanan’s and Johnnie Walker. Strong growth in parts of Europe Despite significant economic challenges in some countries, Europe remains Diageo Pensioner Newsletter 5 £1 billion Scotch whisky investment During the year, we unveiled plans to invest over £1 billion in Scotch whisky production over the next five years to meet growing global demand for our brands. This will involve: • A new malt whisky distillery and major expansion of existing distilleries. • Substantial warehousing expansion to store maturing spirit. • Hundreds of jobs created in Diageo and wider Scottish economy. As part of the investment, a major new malt distillery will be built, together with major expansion at a number of our existing distilleries. Detailed plans will also be developed for a second new distillery, which will be built if global demand for Scotch is sustained at expected levels. Over a five-year period, we plan to: Supporting this five-year investment plan, and as part of our sustainability and responsibility programme in Scotland, • Invest over £500 million in constructing the increased we also commit to contributing £5 million towards community distillation and warehousing capacity, requiring us to also; initiatives. This will involve an integrated approach across • Commit £500 million in working capital for the maturing Diageo’s production, commercial and brands heritage spirit, which will be laid down over the five years. businesses, including The Gleneagles Hotel, Host Venue for The exact total investment figures may vary over time The 2014 Ryder Cup. depending on the progress of specific projects, but the overall commitment is expected to reach over £1 billion. Diageo Pensioner Newsletter 6 Celebrating the 60-year reign of Her Majesty the Queen 1952-2012 John Walker & Sons, Scotch Whisky Distillers (By Appointment to Her Majesty the Queen) has created a Diamond Jubilee Blended Scotch Whisky. Marking the Queen’s historic Diamond Jubilee in 2012, the unique blend of grain and malt whiskies – all of which were distilled and have been maturing since 1952 – is finished in a marrying cask of English oak from Her Majesty’s own Sandringham Estate. Just 60 of these rare editions, each one signifying every year of the Queen’s reign, will be offered for sale at £100,000* each. John Walker & Sons will donate the profits from the sale, with a guarantee of at least £1 million, to Queen Elizabeth Scholarship Trust (QEST), the charitable arm of the Royal Warrant Holders Association that preserves rare craft and conservation skills and enables them to continue and flourish. The creation of Diamond Jubilee by John Walker & Sons provided a once-in-a-lifetime privilege for Master Blender Jim Beveridge and his apprentice Matthew Crow. Together, they explored vast stocks of Scotch whisky to seek out some of the most exceptional casks of whiskies distilled in 1952, the year the Queen acceded to the throne. Jim drew on over 30 years’ expertise and inspiration from the Walker family blending notes to create this unique and exquisite blend. The Diamond Jubilee marrying casks are the final project by Master Cooper David Taylor, working with *exc. UK VAT his journeymen tutors and apprentices, as he retires after 42 years as a John Walker & Sons cooper. Sandringham oak, provided by kind permission of the Queen, was cut and carved into staves, shaped by hand and jointed seamlessly using age-old techniques to create the two small casks. Diageo Pensioner Newsletter 7 Celebrating the 60-year reign of Her Majesty the Queen 1952-2012 Each edition also includes a pair of Cumbria Crystal lead crystal glasses engraved by Philip Lawson Johnston. A commemorative artifact book, hand bound by Laura West at her Isle of Skye bindery and personalised for each owner by Sally Mangum, Calligrapher By Appointment to Her Majesty The Queen. All the elements will be housed in a chest made by the cabinet makers at N.E.J. Stevenson, incorporating oak from Sandringham to echo the whisky marrying casks and Caledonian pine from the Queen’s Balmoral Estate. The diamond shaped Baccarat crystal decanters stand on a crystal base with six radial legs – reflecting the decades of the Queen’s enduring reign. They are adorned with Britannia silver and leading Scottish silversmiths, Hamilton & Inches, has fashioned the collars set with a half-carat diamond, the Royal Arms, John Walker & Sons monogram and individually numbered seals. Diageo Pensioner Newsletter 8 Keeping your data safe Here at Diageo, we take great care in how we store and If you receive a Life Certificate, you should complete the protect your personal information. We wanted to take details, sign it in the presence of a relevant witness and send this opportunity to share with you how we deal with it back to us promptly. This should ensure your details are your information: confirmed and we can continue to pay your pension. • We only store the information we need to calculate Delays in returning a Life Certificate mean we may have and pay your pension. to suspend pension payments until we can confirm our details are correct. To avoid this from happening to you, • We never give your information to any third party or if you need help or have any problems completing your without your written consent. certificate, please contact the team who will be happy to talk • We will never call you, unexpectedly, asking for information.