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Annual Report 2017

"We continue to build a stronger, more consistent, better performing company.  We are delivering against our strategy and this is coming through in our performance.  We built on the improved performance we announced last year."

Ivan Menezes

Chief Executive

Annual Report 2017

Annual Report 2017

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Sustainability & Responsibility Performance Addendum 2017

Sustainability & Responsibility Performance Addendum 2017

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Annual Report 2017

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Annual Report Strategic Report 2017

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Directors' Remuneration Report 2017

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Corporate Governance Report 2017

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Audit Committee Report 2017

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Sustainability & Responsibility Performance Addendum 2017

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NSYE Statement of Difference 2017

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LBG assurance statement 2017

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20-F filing

Historical reports

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Annual Report 2016

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Sustainability & Responsibility Performance Addendum 2016

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Annual Report 2015

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Sustainability & Responsibility Performance Addendum 2015

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Annual Report 2014

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Sustainability & Responsibility Performance Addendum 2014

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Annual Report 2013

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Sustainability & Responsibility Report 2013

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Annual Report 2012

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Sustainability & Responsibility Report 2012

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Annual Report 2011

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Sustainability and Responsibility Report 2011

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Annual Report 2010

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Sustainability and Responsibility Report 2010

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Annual Report 2009

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Sustainability and Responsibility Report 2009

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Annual Report 2008

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Sustainability and Responsibility Report 2008

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Annual Report 2007

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Sustainability and Responsibility Report 2007

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Annual Report 2006

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Annual Report 2005

Financial highlights

Volume

Reported movement 1.7%

Organic movement 1.1%

Year 2017 2016
Volume 242.2 246.4

Equivalent units (EU)

Net sales1

Reported movement 14.9%

Organic movement 4.3%

Year 2017 2016
Volume 12050 10485

Operating profit

Reported movement 25.3%

Organic movement 5.6%

Year 2017 2016
Volume 3559 2841
 

Net cash from operating activities

2017 increase of £584m

2017 free cash flow2 £2,663m £566m

Year 2017 2016
Volume 3132 2548

Earnings per share (eps)

Reported movement 18%

Eps before exceptional items2 movement 21%

Year 2017 2016
EPS 106.0 89.5

Total recommended dividend per share3

5%

Year 2017 2016
Dividend 62.2 59.2

Non-financial highlights

Alcohol in society programmes

Year 2017 2016
Volume 264 335

Reach and impact of responsible drinking programmes

Health and safety
 

Year 2017 2016
Volume 1.14 1.44

Lost-time accident frequency4

Water efficiency5
 

Year 2017 2016
Voume 4.96 5.13
 
  1. Net sales are sales less excise duties. See definition on page 105.
  2. See definitions and reconciliations on page 52 and 53.
  3. Includes recommended final dividend of 38.5p.
  4. Per 1,000 full-time employees.
  5. Data for the year ended 30 June 2016 has been restated in accordance with Diageo's environmental reporting methodologies.

Within PwC's independent limited assurance scope. For further detail and the reporting methodologies, see our Sustainability & Responsibility Performance Addendum 2017.

 

Regional overview

North America

North America

Volume

EU47.4m

Equivalent units

Net salesi

£4,161m

Operating profitii

£1,899m

Share of net sales

Net sales
34.7
65.3

Share of volume

Volume
19.6
80.4
Europe

Volume

EU44.4m

Equivalent units

Net salesi

£2,824m

Operating profitii

£936m

Share of net sales

Net sales
23.4
76.6

Share of volume

Volume
18.3
81.7
Africa

Volume

EU32.2m

Equivalent units

Net salesi

£1,556m

Operating profitii

£218m

Share of net sales

Net sales
13.0
87.0

Share of volume

Volume
13.3
86.7
Latin America and Caribbean

Volume

EU21.1m

Equivalent units

Net salesi

£1,044m

Operating profitii

£250m

Share of net sales

Net sales
8.7
91.3

Share of volume

Volume
8.7
91.3
Asia Pacific

Volume

EU97.1m

Equivalent units

Net salesi

£2,419m

Operating profitii

£487m

Share of net sales

Net sales
20.2
79.8

Share of volume

Volume
40.1
59.9
 
  1. Does not include corporate net sales of £46 million (2016 – £36 million).
  2. Excluding exceptional operating charges of £42 million (2016 – £167 million) and net corporate costs of £189 million (2016 – £150 million).