b'C O O P E R S A N N U A L R E P O R T 2 0 2 2 C O O P E R S A N N U A L R E P O R T 2 0 2 2M A N A G I N GCoopers was pleased to renew AustralianThis $50 million investment will embodymanufacturing and distribution agreementsthe past, present and future of Coopers, with with Sapporo and Carlsberg, while a newan emphasis on what makes Coopers unique. D I R E C T O R A N D partnership was announced with MolsonBy showcasing the history and originality of Coors International, which will see CoopersCoopers, domestic and international tourists produce the brands Miller Genuine Draft,will engage with the art and science of both 03 C H A I R M A NSMiller Chill and Coors at Regency Park. brewing and tasting. It is an investment04Report Strategic marketing and sponsorship activitywith a long-term horizon in which the sixth generation of the Cooper family is takingwas undertaken throughout the year,an active role. which saw Coopers strengthen its ties with Australias surfing community through a newWe wish to pay tribute to Director of three-year sponsorship of World Surf LeagueMarketing and Innovation, Cam Pearce, who Australia. Meanwhile, the naming rightsis retiring after 12 years with the company. for Coopers Stadium at Hindmarsh wereCam has been instrumental in the growth extended for another five years. of Coopers and we thank him for his outstanding contribution. He will remain on Profit-before-tax for the 2022 financial yearthe Board as a non-executive Director.CoopersBrewery marked its 160th year with the was $27.3 million, compared with $36.5On behalf of the Coopers Board and million the previous year. Fully franked completion of capital projects and announcements of dividends of $14 per share were paid in themanagement, we extend our thanks to all our significant further investment in the future. financial year, up from $13.50 paid last year.employees for their continuing commitment and performance, as well as to our valued Through the generosity of staff andcustomers, suppliers and shareholders for Coopers has come a long way since ourSales volumes across Australia shareholders, as well as other fundraising founder Thomas Cooper recorded his firstwere varied as follows: activities, the Foundation was able totheir ongoing support of the brewery.brew in 1862. While there are plenty ofdistribute a record annual amount of more reasons to celebrate this historic anniversary, Western Australia up 2.0% than $760,000 to 25 charitable projects.Coopers remains focused on the task ahead New South Wales and ACT down 4.9%in what are challenging conditions for theWith the brewery in a beer industry in Australia and abroad.Queensland down 0.8% strong financial position, Coopers status as the nations largest Victoria and Tasmania down 7.4% the Board approved plans independent family-owned brewery wasDr Tim Cooper AMSouth Australia down 4.6% for a significant capitalManaging Directorreinforced this year by the takeover of the next largest competitor, Stone and Wood, expenditure project. Northern Territory steadyby Kirin subsidiary, Lion Australia.The popularity of cans remains high, with Coopers has a history of innovation and The hospitality sector continued to show this packaging format now representingdiversification, which has provided the the strains of restrictions imposed in33.5% of packaged beer sales. company with alternative revenue streams response to the COVID-19 pandemic,over the past 160 years. It is through this keeping domestic sales subdued in the Keg sales have remained below pre-COVIDsame lens that exciting expansion plans 2022 financial year, while freight and logisticlevels, reflective of the tough lingeringwere announced, which will see a new visitor issues impacted international trade. conditions facing pubs and other licensedcentre, microbrewery and whisky distillery venues, with the pandemic continuing to be established at Regency Park.Coopers total beer sales, a disruptive influence on hospitality.excluding non-alcoholic beers,Glenn Cooper AM reached 79.4 million litres for New beer releases were well received in Chairmanthe 12 months to 30 June, 2022. the market, with the limited-edition Regency Park Red Ale proving a popular seasonal While this represents a 3.5% fall on the 2021addition to the portfolio.financial year sales volume of 82.3 million litres, which is in line with a 3.7% contraction in the domestic volumes as measured in industry data, it is a commendable result given the supply and demand pressures.'