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Illustrating Resilience Annual Report 2016 Head Office Directors 812 Shaikh Jaber Al Ahmed Mr Illustrating Resilience Annual Report 2016 Head Office Directors 812 Shaikh Jaber Al Ahmed Mr. Abdulla Hassan Buhindi Al Subah Highway Chairman P.O. Box 828, Sitra Mr. Abdulla Mohammed Juma Kingdom of Bahrain Vice Chairman Telephone: +973 17 739 444 Mrs. Mona Yousif Almoayyed Fax: +973 17 735 111 Mr. Mohammed Farouq Almoayyed Commercial Registration Mr. Jehad Yousif Ameen 10999 Mr. Redha Abdulla Faraj Mr. Shawki Ali Fakhroo Authorised Capital Mr. Suhail Mohammed Hajee 200,000,000 shares of BD 0.100 each: BD 20,000,000 Bankers National Bank of Bahrain B.S.C. Paid Up Capital Ahli United Bank B.S.C. BD 14,642,854 divided into 146,428,540 Bank of Bahrain & Kuwait B.S.C. ordinary shares each with a nominal Standard Chartered Bank value of BD 0.100 fully paid HSBC Bank Middle East BMI Bank B.S.C. Reviewing Accountants BNP Paribas Ernst & Young Company Secretary Mr. Jad Moukheiber His Royal Highness His Majesty His Royal Highness Prince Khalifa King Hamad Prince Salman bin Salman Al Khalifa bin Isa Al Khalifa bin Hamad Al Khalifa The Prime Minister, The King, The Crown Prince, of the Kingdom of Bahrain of the Kingdom of Bahrain First Deputy Prime Minister & Deputy Supreme Commander OUR VISION Vision, To be recognised as a dynamic international company Mission that inspires its individual businesses to deliver & Values outstanding results. OUR MISSION Winning the hearts and minds of our customers by delivering exceptional service. OUR VALUES The delivery of exceptional service is driven by our values: Honesty Achievement Team Spirit Trust, openness, Taking pride Belief in the fairness and ethics and responsibility power of ‘one in everything for attaining team, one heart’. we do. personal and professional goals. Excellence Continuous Recognition improvement of our Giving and receiving people and systems appreciation for one’s to deliver quality contribution. performance. BMMI 02 Annual Report 2016 Vision, Mission and Values About A LOCAL FOCUS Us WITH A GLOBAL REACH Based in the Kingdom of Bahrain, and with international operations, BMMI is a diversified retail and distribution, hospitality, and contract services and supply group, supported by a world-class integrated logistics capability. The Group specialises in the wholesale, distribution, retail and production of food and beverages, and represents a leading portfolio of global household brands. BMMI is also a fully fledged international provider of end-to-end supply chain solutions, integrated facility management, logistics and procurement services to various governments and organisations. Listed on the Bahrain Bourse, BMMI is one of the fastest growing companies in its sector. The Group adopts a performance-driven, customer-focused business approach in line with international standards and global best practice. With over 130 years of uninterrupted operations, BMMI is now one of the leading private sector business enterprises in the GCC region and a fast-growing multinational organisation. As we operate in different geographical markets, the challenge is to tailor our business activities as per the specific needs of individual territories. We believe that every market is different, and so every market requires an individualised approach that addresses the specific market dynamics in which they operate. BMMI 03 Annual Report 2016 Vision, Mission and Values 2016 IN NUMBERS OVER OVER Milestones 13years of delivering 0 40nationalities drive diversity exceptional service of thought and innovation OVER OVER 2,000employees help deliver 80of the world’s leading beverage outstanding results and consumer brands represented REVENUE BY REGION TOTAL REVENUE 97 MILLIONS BAHRAIN 79.326 AFRICA 15.705 REST OF GCC 1.513 EMPLOYEES BY COUNTRY BAHRAIN GABON SUDAN GHANA SOUTH SUDAN 821 437 376 193 129 SAUDI ARABIA QATAR DJIBOUTI KENYA IRAQ 53 46 42 42 7 BMMI 04 Annual Report 2016 2016 Milestones January 2016 Nader Trading team wins Henkel Arabia award for 2015 Sales Performance of the Year. March 2016 La Vinoteca Barcelona selected as a finalist for the 2016 Food and Travel GCC Awards. April 2016 BMMI amongst first in the region to pass audits for newly revised global certification, ISO 9001:2015 (Quality Management Systems) and ISO 14001:2015 (Environmental Management Systems). May 2016 BMMI launches in-house ‘experience-sharing’ training initiative. BMMI launches EPIC, a leadership programme that develops participants’ skills in experience, people, innovation & culture over 7 months. June 2016 Alosraonline.com re-launched with a new and improved design. July 2016 Café Amsterdam selected for 2016 Certificate of Excellence on TripAdvisor. September 2016 BMMI chosen to participate in a recruitment exhibition and the official opening of the new Employment & Training Facility in the Abdulla bin Kanoo Centre for Disability Diagnosis and Evaluation. Alosra signs MOU with the Bahrain Polytechnic to offer students scholarships. October 2016 BMMI first in its field in the region to pass audits for ISO 22301 Business Continuity Management Systems. November 2016 Alosra supermarket opens its seventh branch in Bahrain at El Mercado Janabiya. December 2016 La Vinoteca Barcelona and Café Amsterdam win multiple awards at the annual Citi FACT Dining Awards 2016 ceremony. BMMI Djibouti gains certification for Food Safety Management System, ISO 22000:200. ZAD Marketing and Distribution wins a top award at the Hershey’s Middle East 2016 Conference. BMMI 05 Annual Report 2016 2016 Milestones Board of Directors Mr. Abdulla Hassan Buhindi Mr. Abdulla Mohammed Juma Mrs. Mona Yousif Almoayyed Chaiman Vice Chaiman Director Mr. Jehad Yousif Ameen Mr. Shawki Ali Fakhroo Mr. Redha Abdulla Faraj Director Director Director Mr. Suhail Mohammed Hajee Mr. Mohammed Farouq Director Almoayyed Director BMMI 06 Annual Report 2016 Board of Directors Executive Management Mr. Gordon Boyle Mr. Ammar Aqeel Alhassan President & CEO CFO & Executive Vice President Mr. Robert Smith Mr. Marek Sheridan Executive Vice President Executive Vice President Remuneration & Nomination Committee Audit Committee Mr. Abdulla Buhindi, Chairman Mr. Redha Abdulla Faraj, Chairman Mr. Shawki Fakhroo, Vice-Chairman Mr. Abdulla Mohammed Juma, Director Mr. Jehad Yousif Amin, Director Mr. Mohammed Farouq Almoayyed, Director Mrs. Mona Almoayyed, Director Executive Committee Investment Committee Mr. Shawki Fakhroo, Chairman Mr. Abdulla Hassan Buhindi, Chairman Mrs. Mona Yousif Almoayyed, Director Mr. Mona Yousif Almoayyed, Director Mr. Jehad Yousif Ameen, Director Mr. Jehad Yousif Ameen, Director Mr. Shawki Ali Fakhroo, Director Mr. Suhail Mohammed Hajee, Director BMMI 07 Annual Report 2016 Executive Management Financial Revenue (BD millions) Summary 106,070 98,258 91,728 96,544 88,977 2012 2013 2014 2015 2016 Equity (BD millions) 69,561 61,286 58,790 52,626 49,834 2012 2013 2014 2015 2016 Return on Equity (%) 19 19 17 16 14 2012 2013 2014 2015 2016 Earnings Per Share (fils) 82 80 73 69 68 2012 2013 2014 2015 2016 BMMI 08 Annual Report 2016 Financial Summary The results for 2016 exceeded our expectations and demonstrated the strength of sound strategy at work, our confidence in executing it across the various geographical territories we operate in, and its impact on the company’s overall performance. It is this approach that has helped BMMI in growing stronger and improving its competitive advantage and delivering shareholder value. Net Profit(BD millions) 2014 11.3 2013 2015 10.1 10.1 2016 2012 9.4 8.6 BMMI 09 Annual Report 2016 Financial Summary BMMI has proved to be resilient in the BMMI’s performance in Africa and Saudi Chairman’s face of economic and political uncertainty Arabia have been up to expectations, despite that prevailed in the local, regional and the political and economic uncertainties that international markets. Once again, BMMI dominated the headlines in these markets. Statement succeeded despite the odds and continued This success is due to the risk management to show a steady growth momentum strategy at work that have helped bolster driven largely by the company’s risk BMMI’s leadership in the business management strategy. BMMI continues to steadily pursue its The results for 2016 exceeded our ambitions without forgetting its role as a expectations and demonstrated the strength corporate citizen. Our CSR philosophy is of this sound strategy at work, our confidence rooted in our policy of ‘thinking and acting in executing it across the various geographical local’, which has enabled us to capitalise on territories we operate in, and its impact on opportunities available in whichever local the company’s overall performance. It is this markets we operate, promote local produce approach that has helped BMMI in growing and enterprise, provide a platform for local stronger and improving its competitive talent to thrive, and contribute to local advantage and delivering shareholder value. charities that play a significant role in helping their communities. This year we supported Al As a company, we remain united behind Areen, Royal Charity Organization and the this strategy and ensuring that the growth Aisha Yateem Family Counseling Centre. trajectory remains unhindered and achieves its stated objectives in reaffirming BMMI’s 2017 is expected to be another challenging performance as a source of pride to its year since there already exist numerous shareholders, stakeholders and employees. areas of political and economic uncertainty. It is, therefore, with a great deal of cautious Some of the key growth areas were in optimism and resilience that we are
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