Integrated Annual Report FY23

A message from Chairman and CEO Alexandre Ricard

We celebrate our differences every day - our diversity of talents, perspectives, and personalities. It’s a critical ingredient in the power of conviviality.

This winning formula allows us to deal with complexity, embrace diversity, and meet the competition head on. It’s what makes Pernod Ricard unique, and it’s been instrumental in helping us evolve with the times.

Today, those times might be more daunting than ever. And while the world might be reopening up, it still faces a whole host of challenges, from inflation and conflicts to unpredictable weather systems and natural disasters that are driving home the reality of climate change.

The spirit of our people and the culture of our company are the guiding lights that once again helped us navigate market complexities in FY 2023. It was another year of very strong, balanced, profitable and responsible growth for Pernod Ricard. I am particularly pleased that our outstanding operational performances went hand in hand with solid financial results, key to sustaining the long-term growth of our brands.

Our share gains in most markets demonstrate the desirability of Pernod Ricard’s leading portfolio of premium brands as well as the relevance of our strategy and business model. Building on our sustainability and responsibility roadmap, and with the support of advanced technology and data, we are pursuing our transformation at a steady pace. The new Executive Committee recently appointed will ensure we do not deviate from our planned trajectory. As we face an environment likely to remain uncertain in FY24, I remain fully confident in Pernod Ricard’s ability to deliver on our medium-term objectives.

We’re a company with a unique culture and an engaged workforce; a business with a soul. Our people have always been our greatest assets and, through our collective efforts, we’ve built something very special and very successful in a sector full of positive challenges and exciting opportunities.”

Strengthening our portfolio

We are building our portfolio of drinks carefully and deliberately, not simply to be the number one in each category or in each market. We focus on brands with unique personalities that can generate consumer engagement, either globally or in specific markets.

Together, our more than 240 brands - across spirits, wines, alcohol-free spirit alternatives and everything in between - make up the most complete brand portfolio in the industry.

Our global footprint and geographical diversity are unequalled, and give us the ability to rapidly capture and respond to evolving consumer tastes. Our direct presence in all key markets provides us with eyes and ears around the world, to better understand our consumers and customers and rapidly share insights and trends across our teams and brands to better serve our markets.

We are also deepening our understanding of consumers and drinking occasions by developing tools that allow us to supplement our craft with science - including federating the right data and using artificial intelligence to make better decisions.

Our vision for the future

We are organised to take full advantage of the changing global wines and spirits landscape. We have the right portfolio, the right route to market and distribution, and the right culture and people to succeed and create value across every part of our business.