Page 31 - Food&Drink Nov-Dec 2020

AUSTRALIA’S TOP 100 FOOD & DRINK COMPANIES 2020
DATA SOURCED FROM
ABBREVIATIONS O Overseas NL Non-listed P Publicly listed Pty Proprietary/private C Co-operative ▼ Revenue down ▲ Revenue up
COCA-COLA AMATIL
Fire, floods and pandemic makes Amatil fall flat
3
REV UP/DOWN
TYPE
REV $M
PERIOD
PREVIOUS REV $M
AT THE HELM
▲
P
5168
12/19
4887
Alison Watkins
COCA-COLA Amatil Limited is a locally owned public company that generates revenue from
the manufacturing, marketing and distribution of a range of beverage products.
Its year started well with its Australian Beverages business recording revenue growth for the first time in seven years. Australia managing director Peter West told Food & Drink Business: “The fastest growing areas in the market are diet colas, energy drinks – traditional and no
sugar – and the third generating growth is in kombucha. There
is no doubt market growth is disproportionately coming
LION
through no sugar.”
But by April, group volume of
beverages sold was down by 33 per cent as COVID-19 restrictions took effect. That severity lessened over following months but has not recovered to pre-pandemic levels. The company continues to experience significant volatility across all markets. It recorded
a 9.2 per cent decline in trading revenue for the first half of 2020, with a net profit after tax (NPAT) loss of $8.7 million versus a profit in 1H 2019 ($168 million).
In October, Amatil announced it had received a $9 billion non- binding indicative proposal from Coca-Cola European Partners
(CCEP) of $12.75 cash per share. Amatil chair Ilana Atlas said CCEP had been interested in Amatil for some time. CCEP is the world’s largest independent Coca-Cola bottler by revenue and has a market capitalisation of $25 billion. The offer was confirmed in November and is now subject to regulatory review and a shareholder vote in March 2021.
Amatil employs approximately 12,000 people, operates in Australia, New Zealand, Fiji, Samoa, Papua New Guinea and Indonesia. It is administered from its head office in North Sydney. The company is listed on the ASX under the code CCL.
4
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TYPE
REV $M
PERIOD
PREVIOUS REV $M
AT THE HELM
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O Pty
4030
12/19
4099
Stuart Irvine
Lion faces attack and rejection
LION had a tough year with COVID-19, a ransomware attack and the sale of Dairy & Drinks, to China Mengniu Dairy Company being abandoned.
The closure and restrictions on pubs, clubs and other licensed venues saw a 43.98 per cent industry average decrease in beer sales by volume and value
in April.
Then on 9 June, the company experienced a ransomware cyber attack, which saw the company take all its IT systems offline. A
second attack caused ongoing disruption at manufacturing sites due to its multiple large-scale breweries being heavily reliant on IT infrastructure.
Lion and China Mengniu walked away from the proposed $600 million sale of Lion’s Dairy & Drinks business in August. The portfolio includes 10 processing plants and retail brands Dairy Farmers, Pura, Dare, Farmers Union, Yoplait, Daily Juice, The Juice Brothers and Berri. In October, Saputo proposed to
acquire Lion Dairy & Drinks, an offer being investigated by the Australian Competition and Consumer Commission.
Meanwhile the company became Australia’s first large- scale carbon neutral brewer, offsetting its remaining organisational carbon footprint across its Australian beer business, and reducing its carbon footprint by 30,000 tonnes. It is on track to meet its target of 30 per cent carbon reduction by 2025 over its 2015 baseline.
www.foodanddrinkbusiness.com.au | November-December 2020 | Food&Drink business | 31