Annual

Report

20

21

Financial Highlights

Profitability

Net Revenue
€736.9m

Decrease of -56.1%


Operating Profit
€59.6m

Balance Sheet

Liquidity
€314.6m


Net Debt
€441.9m

Shareholder Return

Dividend
Suspended

"Continued health, safety, and wellbeing of our stakeholders remains our top priority."

Chairman’s Statement

Read Statement

"Our ambition is to be the preeminent brand-led drinks distribution platform in the UK and Irish markets."

Group Chief Executive Officer’s Review

Read Statement

"COVID-19 and related restrictions have had an unprecedented impact on the drinks and hospitality sector."

Group Chief Financial Officer’s Review

Read Statement

"With approximately 80% of C&C’s pre COVID-19 revenue derived from the hospitality sector, the pandemic has presented an unprecedented challenge for C&C. The team have responded with immediate and decisive action to secure the near term: maximising liquidity; supporting our customer base; streamlining costs and responding to off-trade demand with a change in consumption dynamics. We have continued to execute our strategy and are well positioned as the hospitality sector reopens. I would like to extend my appreciation to every C&C colleague for their commitment and flexibility during this period."

David Forde

Group Chief Executive Officer

How we create sustainable value...

Manufacture

Market

Distribute

C&C is the No.1 independent drinks distributor to the UK and Ireland hospitality sectors, occupying a fundamental role in the infrastructure of the UK and Irish drinks market as key route-to-market partner for local and international beverage brand owners.

Delivering to a better world!

1

Reduce our Carbon Footprint

2

Sustainably Source our Products & Services

3

Ensure Alcohol is Consumed Responsibly

4

Enhance Health, Wellbeing & Capability of colleagues

5

Build a more Inclusive, Diverse & Engaged C&C

6

Collaborate with Government & NGO's

In FY2021, to enhance our commitment to Sustainability, we established a Board Environmental, Social and Governance (‘ESG’) Committee and created a dedicated ESG team, across the Group, to champion and embed our ESG principles in everything that we do.

Business & Strategy

  • About C&C Group
  • Chairman’s Statement
  • Vision, Purpose and Values
  • Divisional Structure
  • Our Engagement with Stakeholders
  • Group Chief Executive Officer’s Review
  • Operating Review
  • Strategic Report - Group Strategy
  • Strategic Report - Business Model
  • Strategic Report - How we create sustainable value
  • Strategic Report - Key Performance Indicators
  • Strategic Report - Management of Risks and Uncertainties
  • Group Chief Financial Officer’s Review
  • Responsibility Report

Governance

  • Directors’ Report
  • Directors and Officers
  • Corporate Governance Report
  • Audit Committee Report
  • Environmental, Social and Governance Committee Report
  • Nomination Committee Report
  • Directors’ Remuneration Committee Report
  • Statement of Directors’ Responsibilities

Financial Statements

  • Independent Auditor’s Report
  • Consolidated Income Statement
  • Consolidated Statement of Comprehensive Income
  • Consolidated Balance Sheet
  • Consolidated Cash Flow Statement
  • Consolidated Statement of Changes in Equity
  • Company Balance Sheet
  • Company Statement of Changes In Equity
  • Statement of Accounting Policies
  • Notes Forming Part of the Financial Statements
  • Financial Definitions
  • Shareholder and Other Information

Annual

Report

20

21

Financial Highlights

Profitability

Net Revenue

€736.9m

Decrease of -56.1% on a constant currency basis


Operating Loss before Exceptional Items

€59.6m

Balance Sheet

Liquidity

€314.6m


Net Debt Including Leases

€441.9m


Net Debt Excluding Leases

€362.3m

Shareholder Return

Dividend
Suspended

"Continued health, safety, and wellbeing of our stakeholders remains our top priority."

Chairman’s Statement

Read Statement

"Our ambition is to be the preeminent brand-led drinks distribution platform in the UK and Irish markets."

Group Chief Executive Officer’s Review

Read Statement

"COVID-19 and related restrictions have had an unprecedented impact on the drinks and hospitality sector."

Group Chief Financial Officer’s Review

Read Statement

"With approximately 80% of C&C’s pre COVID-19 revenue derived from the hospitality sector, the pandemic has presented an unprecedented challenge for C&C. The team have responded with immediate and decisive action to secure the near term: maximising liquidity; supporting our customer base; streamlining costs and responding to off-trade demand with a change in consumption dynamics. We have continued to execute our strategy and are well positioned as the hospitality sector reopens. I would like to extend my appreciation to every C&C colleague for their commitment and flexibility during this period."

David Forde

Group Chief Executive Officer

How we create sustainable value...

Manufacture

Market

Distribute

C&C is the No.1 independent drinks distributor to the UK and Ireland hospitality sectors, occupying a fundamental role in the infrastructure of the UK and Irish drinks market as key route-to-market partner for local and international beverage brand owners.

Delivering to a better world!

1

Reduce our Carbon Footprint

4

Enhance Health, Wellbeing & Capability of colleagues

2

Sustainably Source our Products & Services

5

Build a more Inclusive, Diverse & Engaged C&C

3

Ensure Alcohol is Consumed Responsibly

6

Collaborate with Government & NGO's

In FY2021, to enhance our commitment to Sustainability, we established a Board Environmental, Social and Governance (‘ESG’) Committee and created a dedicated ESG team, across the Group, to champion and embed our ESG principles in everything that we do.