AB-InBEV-2021-Annual-Report

ANNUAL REPORT &
FINANCIAL STATEMENTS

2021

50 Years Of
Bringing People
Together

...to a Future with More Cheers





Our

10Principles

01 We dream big

02 We are owners who think long-term.

03 We are powered by the great people and build diverse teams
through inclusion and collaboration.

04 We lead chage and innovation for our consumers.

05 We grow when our customers grow.

06 We thrive when our communities thrive.

07 We beleieve in simplicity and scalable solutions.

08 We manage costs tightly annd make choices to drive growth.

09 We create and share superior value.
10 We never take shortcuts.

To A Future
With More
Cheers

5

content PAGE
7
Corporate Information 12
Our Story 14
Chairman’s Statement 22
Our Impact
52
BRAND REPORT 55
Budweiser 60
Trophy 68
Hero 69
74
THE BOARD 76
Board of Directors 80
Management Team 81-83
2020 AGM Meeting Pictures 92
93
FINANCIAL STATEMENTS 94
Report of the Directors 95-99
Certification of the Audited Financial Statements 100
Statement of Directors’ Responsibilities 101
Audit Committee Report 102
Independent Auditor’s Report 103
Statement of Profit or Loss 104
Statement of Other Comprehensive Income 105 - 155
Statement of Financial Position
Statement of Changes in Equity 156
Statement of Cashflows
Notes to the financial statements 157 - 163

Statement of value added

Five-year financial summary

Corporate
Information

Company registration number
RC 9632

Chairman Non-executive Director 

HRM Nnaemeka Alfred Achebe, CFR,MNI Executive Director 
Executive Director 
Directors Brazilian Executive Director  Resigned 29 April, 2022
Colombian Non-executive Director 
Mr. Hugo Dias Rocha Nigerian Non-executive Director 
Mr. Bruno Zambrano Nigerian Non-executive Director 
Mrs. Tolulope Adedeji Nigerian Non-executive Director 
HRM Peter Anugwu Nigerian Non-executive Director 
Mr. Sunday Omole Nigerian Non-executive Director 
Mr. Michael Ajuwku Nigerian Non-executive Director 
Ms. Abiye Tobin-West American Independent
Mr. Olugbenga Awomolo American Non-executive Director 
Mr. Andrew Scott Murray Non-executive Director
Mr. Richard Rivett-Carnac

Ms. Olutoyin Odulate Nigerian

Mr. Andrew Whiting British



Company Secretary/General Counsel Brewery Plants

Mr. Muyiwa Ayojimi Gateway
Desiderata, Plot 5A, Abuja Street, Km 3 Shagamu- Abeokuta Expressway,
Banana Island, Lagos Flowergate Industrial Scheme,
Ogun State.
Independent Auditors
Ilesa
PricewaterhouseCoopers Lawrence Omole Way,
Landmark Towers Omi-Asoro, Ilesa
5B, Water Corporation Road Osun State
Victoria Island,
Lagos, Nigeria. Onitsha
SABMiller Drive, Habour Industrial Layout,
Corporate Head Office Onitsha,
Anambra State
Desiderata, Plot 5A, Abuja Street,
Banana Island, Lagos Port Harcourt
186/187 Trans-Amadi Industrial layout,
Sales Office Oginigba, Port Harcourt,
Rivers State
30 Kudirat Abiola way,
Oregun, Ikeja

Email: [email protected]
Website: www.international-breweries.com





ANNUAL REPORT &
FINANCIAL STATEMENTS

Notice of Annual General Meeting
of International Breweries Plc

NOTICE IS HEREBY GIVEN that the 45th Annual General Meeting of INTERNATIONAL
BREWERIES PLC will hold at The Wheatbaker, 4 Onitolo Avenue, Ikoyi-Lagos on Thursday 11
August 2022 at 10.00.a.m to consider and if thought fit, pass the following resolutions;

A. ORDINARY BUSINESS

1. To lay before the meeting the report of the Directors, the Statement of Financial Position
as at 31 December 2021, together with the Statement of Comprehensive Income for the
year ended on that date and the Reports thereon of the Independent Auditors and the
Audit Committee.

2. To ratify/re-elect Director(s).
3. To authorize the Directors to fix the remuneration of the External Auditors.
4. To Disclose the remuneration of Managers of the Company in line with Section 257 of the

Companies and Allied Matters Act, 2020
5. To elect shareholder representatives to the Audit Committee.

B. SPECIAL BUSINESS

6. To fix the remuneration of Directors
7. To consider and if thought fit, pass the following resolutions as special resolutions:

7.1 “That the Directors be and are hereby authorized to consider options to include but
not limited to bonus issue, rights issue, cancellation of unissued shares, debt to equity
conversion, in procuring the Company’s compliance with the Corporate Affairs
Commission’s directive on unissued share capital before the December 31, 2022,
deadline.”

7.2 “That pursuant to Resolution 7.1 above, the Directors be and are hereby authorized
to amend the appropriate clause in the Company’s Memorandum of Association to
reflect the eventual changes”.

7.3 “That the Directors be and are hereby authorized to enter and execute agreements,
deeds, notices or any other document, and to perform all acts and to do all such
other things necessary for or incidental to give effect to the option to Resolutions 7.1
and effect to amend 7.2 above, including but not limited to appointing professional
parties, consultants and advisers and complying with the directives of the regulators
in this regard”.

Dated this 15th Day of July 2022
BY ORDER OF THE BOARD

Muyiwa Ayojimi

Company Secretary/General Counsel
FRC/2013/NBA/00000002667
Plot 5A Abuja Street, Banana Island
Ikoyi-Lagos.

International Breweries Plc. 10

ANNUAL REPORT &
FINANCIAL STATEMENTS

Notes

1. Proxy to advise the Registrar of any change in their
In view of the COVID-19 pandemic, the restrictions security records and, open a CSCS account.
by the Federal and State Government on mass 6. E-Annual Report
gatherings and in line with the Guidelines issued The electronic version of the Annual report is
by the Corporate Affairs Commission on holding available at www.international-breweriesplc.
AGMs using proxies, attendance at the AGM com and the Registrar’s website. Shareholders
shall only be by proxy. Shareholders may choose may download the electronic version on the
from the following persons as their proxies- websites.
7. Live Streaming of the AGM
1. HRM Nanemeka Alfred Achebe The AGM will be streamed live. This will enable
(Board Chairman), shareholders and other stakeholders who
will not be attending physically to follow the
2. Ms. Toyin Odulate, (Independent proceedings. The link for the AGM livestream
Non-Executive Director) would be made available on the Company’s
website at www.international-breweriesplc.com
3. Mr. Bruno Zambrano (Director) and and through the Registrar’s platform.
4. Mr. Muyiwa Ayojimi 8. Re-Election of Directors
Pursuant to Section 285 (1) of the Companies
(Company Secretary) and Allied Matters Act 2020, the Directors to
Consequently, a member entitled to attend retire by rotation are Mr. Olugbenga Awomolo,
and vote at the AGM is advised to select from Mr. Akintoye Omole and Mrs. Tolulope Adedeji.
the proxies contained in the proxy form. A Proxy They have indicated their willingness to stay in
Form is attached to the Annual Report. office and offer themselves for re-election. Their
For the Proxy to be valid for the purposes of profiles are contained in the Annual Report.
attending the meeting, it must be completed, In line with Sections 278 (1) and 282 of the
detached and deposited with the Registrars, Companies and Allied Matters Act 2020, His
Apel Capital Registrars, 8 Alhaji Bashorun Street, Majesty, Nnaemeka A. Achebe and Igwe Peter
off Norman Williams, S.W. Ikoyi, Lagos or sent Anugwu give notice and disclose that they both
by email to: [email protected] not later are over the age of 70 and they are offering
than 40hours prior to the time of the meeting. themselves for re-election at this meeting.
The company shall bear the cost of stamping 9. Right to ask questions
the proxy forms in accordance with the Stamp In accordance with Rule 19.12 of the Nigerian
Duties Act 2014. Exchange Limited “NGX”, shareholders and
2. Closure of Register and Transfer Books other holders of the Company's securities have
The Register of Members and Transfer Books will the right to ask questions not only at the meeting
be closed from Friday 22 July 2022 to Tuesday 27 but also can do so in writing prior to the meeting.
July 2022 (both dates inclusive) for updating the Such questions and or concerns, arising from the
Register of Members. Annual Report and Financial Statements may
3. Nomination to the Audit Committee be submitted to the office of the Company
In accordance with Section 406 of the Secretary with a copy to the NSE. Shareholders
Companies and Allied Matters Act, 2020 CAMA, are advised to send their questions or comments
any member may nominate a Shareholder as a relating to the Annual Reports and Financial
member of the Audit Committee by giving notice Statements for the period to international.
in writing of such nomination to the Company [email protected] for appropriate
Secretary at the registered office at least 21 response.
days before the Annual General Meeting. 10. E-Annual Report
4. Change of Address To improve the efficiency and delivery of the
Members are requested to notify the Registrar Annual Report, an electronic copy is available
of changes, if any, in their registered addresses for download on the Company’s website www.
and/or other details. internationalbreweriesplc.com. To receive
5. Unclaimed Dividend a copy via email, kindly send an email to
Members who are yet to claim their previous [email protected]
dividend(s) are advised to write to or call at the
office of the Registrars, Apel Capital Registrars,
8 Alhaji Bashorun Street, off Norman Williams,
S.W. Ikoyi, Lagos. Members are further urged

11 International Breweries Plc.

Our Story

International Breweries Plc. has come a In 2018, International Breweries Plc, its parent
long way from it's humble beginning with an company, ABInBev, inaugurated its $250 million
installed capacity of 200,000 hectoliters per greenfield Gateway brewery in Ogun State.
annum to become a company of global The plant, its biggest in sub-Saharan Africa,
repute. Incorporated in 1971 under the name re-defined the concept of balancing business
International Breweries Limited, the company with environmental responsibility in corporate
joined forces with technical partners – Haase Nigeria. It’s operation is run on renewable
Brauerei GmbH of Hamburg, Germany, to energy generated from 2,000 square metres
officially launch its flagship brand, Trophy of solar panel, a feat which is planned to be
Lager, on 9 December 1978. replicated across our other plants.

Trophy Lager gained instant market That investment by AB InBev, producer of
acceptance that made it become a
household name in about three years instead
of the projected 10 years. Most households
in the brewery’s host community benefited
directly or indirectly as workers, marketers,
suppliers or distributors. The brewery’s steady
growth culminated in its listing on the floor of
the Nigerian Stock Exchange (NSE) in April
1995.

IB Plc became a proud part of the world’s AB InBev, producer
largest brewer, Anheuser-Busch InBev of over 400 beer
(ABInBev), in 2016 after a successful brands worldwide,
global acquisition of SABMiller, its majority made International
shareholder. Through a scheme of mergers Breweries Plc the first
in 2017, ABInBev’s majority shareholding brewery in Nigeria to
in Pabod Breweries, Port Harcourt and power its operation
Intafact Breweries, Onitsha was merged into with solar energy
International Breweries Plc. This development
further validated our dream of a company
that would truly be international in all
ramification. Joining the AB InBev family thus
made IB Plc global in size and business outlook.

The re-energised IB Plc nurtures a dream to
create a model company where everyone
loves to work, that makes a real difference
in the society through efficient use of natural
resources and that promotes symbiotic
relations with stakeholders and long-term
planning.

over 400 beer brands worldwide, made ILESHA
International Breweries Plc the first brewery SAGAMU
in Nigeria to power its operation with
solar energy. It has also underscored our ONITSHA
determination to improve our positive PORT HARCOURT
footprints on the environment and society.

Our corporate journey has seen the
company’s product portfolio grow from two –
Trophy Lager (1978) and Betamalt (1984) – to
nine market-leading brands in the alcoholic
and non-alcoholic categories. These are
Grand Malt (1985), Eagle Lager (2010), Eagle
Stout (2010), Hero Lager (2012), Castle Lite
(2017), Budweiser (2018), and Trophy Stout
(2020).

Chairman's

Statement

Dear esteemed shareholders, This year’s AGM would witness a slight increase
representatives of regulatory agencies, in the number of shareholders attending,
our Partners, members of the Audit compared to the prior year. This would enable
Committee, and our directors and staff, it is us touch base physically with more of our
my pleasure to welcome you all to the 45th esteemed leaders and members of shareholder
Annual General Meeting of our Company, groups, a situation that was not possible in the
International Breweries Plc. past two years due to the pandemic.
We are opportune to be at this gathering again, This meeting will have Directors holding the
this year, as we weather through, hopefully, the proxies for other shareholders who, however,
stormy remainder of the COVID-19 pandemic. can follow the meeting virtually with the links
Although certain restrictions may have been provided.
relaxed, the hygiene protocols remain in place I personally thank our management and
and I encourage us to continue religiously to staff for their dedication and efforts to ensure
maintain our health. strategic business continuity, and a strong

International Breweries Plc. 14

CHAIRMAN’S
STATEMENT

recovery during the year under review. Despite by year end. This was in addition to the more

the ever-changing dynamics of the pandemic prominent, unceasing insecurity challenges

and the challenges to business, the wheel of within certain parts of the Country.

operational progress continued to roll for our

Company. Operating Environment

I will give an overview of our operating Although the Covid-19 global pandemic

environment, outline some of our major appears to be easing out, the effects are

activities during the year and conclude with still lingering on. In addition, our operations

our outlook for 2022. continue to be impacted by unfavorable

currency volatility and foreign exchange

Economic Outlook scarcity, which slowed down the deleveraging

The global economic recovery decelerated of our foreign exchange exposures within the

amid continued COVID-19 flare-ups, year.

diminished policy support, and lingering We however continued with proactive

supply bottlenecks. The projections and engagements with our banking partners to

outlook were clouded ignite plans to accelerate the

by various downside settlement of these foreign

risks, including new virus exchange exposures in line

variants, unanchored with our capital allocation

inflation expectations, NgWoinfreeo23tw0d.R42tee%h0lviv,eenrueed priorities.
CdeOsVpIiDte-1t9he Increase in excise duties
and financial stress. The pandemic. crystalized during the year
under review, as increased
World Bank’s projection drive for revenue by
government at all levels gave
was that a year and a headwinds to our cost base.
Despite the intensity of a
half since the onset of

the COVID-19 pandemic,

the global economy was

poised to stage its most

robust post-recession competitive environment, our

recovery in 80 years in Company continued to take a

2021. But the rebound was good share of the market and

expected to be uneven gained improved positioning

across countries, as even with consumers.

major economies looked

set to register strong growth even as many Business Performance/Result of the Year

developing economies lag. 

The Nigerian economy in the year under review Notwithstanding the challenges experienced,

witnessed a  persistent surge in inflation rates our production volumes continue to increase

(16.95% from 13.25%), reaching the highest for the full year. We are very proud of our strong

levels in four years, amid skyrocketed food recovery and are delivering historical total

prices and poor purchasing power. volume growth ahead of the industry, with

Rising food prices and accelerating aggregate total revenue of N182.3bn, that is, 33.3% higher

inflation compounded rising food insecurity than the prior year.

15 International Breweries Plc.

ANNUAL REPORT &
FINANCIAL STATEMENTS

This growth was mainly driven by the beer be the next generation business, today.
volume, especially by the strength of our High- We have sustained our Kickstart
End brands (Trophy Extra Special Stout and Entrepreneurship Program, the grant training
Budweiser) in the market, and price increases and mentorship of youths across geo-political
on our mainstream (Hero and Trophy Lager) zones in Nigeria. It is noteworthy, that this
brands during the year. program contributes to Goals 1 and 8 of the
Our cost of sales increased by 27.9%, mainly United Nations Goals on Poverty Reduction,
driven by an increase in volumes and the Decency of Work and Economic Growth.
food inflation of 20.4% in the year. In addition, We have rehabilitated bore-holes, as well as
cost of sales was negatively impacted by an provided education/infrastructure support in
increase of N3.3bn in depreciation of property, the areas where we operate. A full account of
plant and equipment. This negative impact this is contained in this annual report.
was partially offset by a reduction of N 1.8bn in
depreciation of containers. Our Company will
Gross profit at NGN 46.3bn was 51.9% higher continue to touch
than 2020. Gross Margin at 25.4% was 310 basis lives in the areas
points higher than the 22.3% margin achieved of our operation
in 2020. and beyond
The year 2021 marked the 50th year of operation with improved
of our beloved Company International activities and
Breweries Plc. This historic milestone gave us programs
the opportunity, not only to celebrate our
achievements, but to reflect and be thankful The Board
for the journey so far. It was also an opportunity The board has continued to maintain its
for reasserting our commitment to the future compliance with all aspects of corporate
of ensuring a sustainable environment for governance. In the year under review, we
our people, and our vision of remaining a
profitable company. The Managing Director –
Hugo Dias Rocha and I, on behalf of Board and
Management thank all those who witnessed
and felicitated with us at the celebration of the
golden event.

Touching lives in our Communities
As a proud part of the AB InBev group,
we recognize that collective actions are
imperative for advancement and we focused
our efforts during the period where we could
have the greatest impacts.
Our commitment to improving the communities
that we are part of, remains unwavering. We
are proud to lead the way to that future and to

International Breweries Plc. 16

ANNUAL REPORT &
FINANCIAL STATEMENTS

conducted a board evaluation which report is in the World. This recognition and our 2021
contained in this annual report. performance reinforce our commitment in-
In compliance with the provisions of Article 45 country to leverage on its world class processes
of the Articles of Association of the Company thereby delivering consistent growth and
which requires one third of the directors for the eventual returns for all shareholders.
time being to retire from office, the following We have begun to see the pandemic renege
directors: Mr. Akintoye Omole, Mr. Olugbenga to some degree as its complete end would
Awomolo and Abiye Tobin-West, who were the signify more wins for our business and improved
longest serving, will retire by rotation and, being socialization as the on-trade reopens fully and
eligible, have offered themselves for re-election the marquee events resume.
in line with the Articles of Association. Their re- We will sustain our momentum to grow our top-
election will be proposed at this meeting. line by a mix of volume and revenue growth
In a similar vein, two of our directors over 70 years which would be driven by superb innovations
of age: chairman- HRM Nnaemeka Achebe by management in the emerging year.
and non-executive director Igwe Peter Anugwu
who, being eligible, are offering themselves for Conclusion
re-election. I take this opportunity to express our gratitude
Their re-appointment would also be proposed and appreciation for the unflinching dedication
at this meeting. and selflessness of our management and staff
to the achievements of the company in the
Outlook year under review.
We look forward to a future with more cheers Let me assure you all, that the Board and
in 2022 and beyond. This is our new global Management will remain focused on delivering
purpose as a Company, and we will evolve on our purpose and strategy to drive long-term
strategies to actualize this purpose. Energized value creation.
by this purpose, together with a team of our Thank you.
workforce who dream big and continue to
surpass challenges and deliver on our results, HRM Nanemeka Achebe
we will transform our company to profitability Chairman of the Board
and eventually lead the industry we operate in.
AB InBev was recently recognized by Fortune
Magazine as the most admired beer Company

17 International Breweries Plc.

50 Anniversaries represent an opportunity to
reflect, celebrate and be thankful for the
journey so far. 2021 marked the 50th year
of operation of our beloved organization,
International Breweries Plc, in Nigeria.

years This historic milestone gives us an
opportunity to celebrate our history,
of Bringing achievements, and impact, while
People reasserting our commitment to the future
Together for a of ensuring a sustainable environment for
Better World our people and our vision of remaining a
profitable company.

A key KPI of our 50th anniversary is to
use the 50th platform to enhance our
#reputation by creating more visibility,
awareness and favourability for our
corporate brand - and by extension our
product portfolio.

International Breweries Plc. 18

With contributions from cross-functional teams, boards across 3 sites- Ogun, Osun and Oyo
an array of fun, engaging and impactful states respectively. Overall, we deployed
activities to celebrate this auspicious event, messages on one digital billboard and 3 static
we embarked on a series of activities as listed billboards with a cumulative reach of over 5,000
below: drivers and commuters.

Unveiling of the 50th anniversary logo: The An Evening with Stakeholders: Attended by
logo was first unveiled at the 2021 Annual up to 150 guests including Government Officials
General Meeting. It was also unveiled across and HNIs. As part of the event’s highlights,
our different plant sites to improve employee awards were presented to Governors in our
engagement as well as carry along employees states of operation, monarchs and the longest
on the 50th anniversary journey. serving employee.

Stakeholder Engagements: We paid courtesy
visits to key stakeholders as a way to explore
areas of partnership as this will provide
opportunity for future collaborations in the
interest of the company and host communities:
e.g. Ogun State Governor

“Beyond the Last Sip”- The coffee table book
tells our story – past , present  and future. Giving
details since inception, our footprints; sharing
the company’s milestones, a deep-dive into our
dream, people culture as well as our vision for
the future. The 154-page book is both in print
and online

Seedlings and Oaks - A visual representation
of the IBPlc story. The 45-minute documentary
which spans 50 years of impact, gives insight on
our identity, our vision and our commitment to
be the Leader. The documentary is divided into
smaller parts which are being shared on social
media to drive engagement.

Tactical Advertising -
Deployment of celebratory messages on bill

19 International Breweries Plc.





Our Impact

To lead and create a sustainable and equitable future for all, we have Our commitment
developed goals and programs to build an environmental resilient future to improving the
for all. communities
we are a part
As a proud part of Ab-InBev, we recognize that collective actions are of remains
imperative for advancement and we focus our efforts where we can have unwavering
the greatest impact.

We believe that the future of business and of the planet is inclusive. Our
commitment to improving the communities we are a part of remains
unwavering. We are proud to lead the way to that future and to be the
next-generation business today.

Project Description Beneficiary CSR Pillar

Kickstart Entrepreneurship 51 individuals across 6 geo-political Empowerment
Program – Grants, Training and zones in Nigeria
Mentorship Education/Community
Rehabilitation and commission- Èsa-Odo Community Infrastructure
ing of Science Block of Esa-Odo Support
Community High School (Phase II) Ilesha , Port-Harcourt and Sagamu Smart Drinking
Responsible Drinking Initiative with Smart Drinking
FRSC Ilesa, Port Harcourt, Sagamu, Onitsha Water Stewardship
Global Smart Drinking Week and Lagos
Community Sec. School, Odekpe, Smart Drinking
Borehole Rehabilitation Ogbaru LGA, Iru-Owulu Village, Obosi, Smart Drinking
Idemili North LGA, Nkisi Aroli Communi- Community Support
Smart Drinking Camapign for ty and St. Stephen’s Road, Ogbeabu
Pregnant Women Village- all in Onitsha
Smashed Campaign Oginigba Community, Port Harcourt

Oyo, Delta and Cross River States

Shoe Box Challenge Heart of Gold Children’s Hospice,
Lagos; Bales of Mercy Orphanage,
Lagos; Jesus Orphanage and Widow’s
Home, Port Harcourt; Azibaola
Orphanage, Port Harcourt; Madonna
Angels Orphanage, Onitsha

FOSTERING YOUTH
ENTREPRENEURSHIP

Kickstart Initiative: Empowering Young z Impacted over 1,200 young
Nigerian Entrepreneurs through Training, entrepreneurs in Nigeria
Mentoring and Grants through trainings and
grants.
Mindful of the challenges confronting youth
unemployment in Nigeria, International z Gave out grants totalling
Breweries initiated the Kickstart programme. NGN60million to 51 young
Kickstart is a social initiative aimed at entrepreneurs across
empowering young entrepreneurs within the Nigeria as well as training,
ages of 18 – 35. The programme offers a threefold mentoring and ancillary
support system to entrepreneurs through: costs up to NGN40 million
to other teeming youths.
z Training
z Diversity and Inclusion - for
z Providing grants the first time, the people
living with disabilities
z Mentoring. category was introduced to
the list of awardees; 48% of
Since 2016, Kickstart has been the deserving awardees are
committed to empowering Nigeria’s next female.
generation of entrepreneurs with the
knowledge, resources and mentorship needed to grow their business. With 6
editions under its belt, the programme
has successfully impacted over 1,200

23 International Breweries Plc.

young entrepreneurs.

In 2021, International Breweries gave out
grants totalling NGN60million to 51 young
entrepreneurs across Nigeria as well as
training, mentoring and ancillary costs
up to NGN40 million to other teeming
youths.

With agriculture, circular packaging
(recycling), water stewardship, renewable
energy, retailing and others as the year’s
focus areas, individual winners received
grants ranging from NGN400,000 to
NGN3 million.

The Kickstart initiative is an avenue to Medium Development Agency of Nigeria
bridge the unemployment gap by giving (SMEDAN) as well as the Enterprise
life to the dreams and aspirations of Development Centre (EDC), Pan-Atlantic
millions of bright and enterprising young University, 463 youths from all the six-
people across Nigeria. In the past six years, geopolitical zones and 23 states across
under the auspices of the International Nigeria have been upskilled in training.
Breweries Foundation, Kickstart has
awarded close to NGN400 million in grants
to about 800 beneficiaries and trained
close to 1,200 youths on entrepreneurship
skills.

In line with its Diversity and Inclusion
agenda, International Breweries for the
first-time recognised People Living with
Disabilities. 3 of the 51 awardees are from
this category while 48% of the awardees
are female.

Through partnerships with the Small and

International Breweries Plc. 24

Kickstart contributes to Goals 1 and 8 of the
United Nations Sustainable Development
Goals on Poverty Reduction, Decent Work
and Economic Growth.

I am happy to be I will use the
receiving the needed grant and training to
support as I now improve my business,
know how to pitch my hire more staff and
business. The grant contribute to achieve a
is a new lease of life cleaner environment. I
for my business, and cannot appreciate the
I thank International Kickstart initiative and
Breweries Plc for their International Breweries
generosity. Plc enough for this
gesture.

- Abayomi Soetan, - Olatubosun Abiodun, an elated
circular packaging entrepreneur
CEO, Wheelchair Dreemz who received the grand award of
NGN3 million.

25 International Breweries Plc.

International Breweries Plc. 26

TERICEESD
TE COVERED
3 334 23 1,208 DIREC4T8B7E2NJEFOIBCISAPRO
571 JOBS GENERATED
GRANTEES STATES
COVERED

4,872 6 YEARS 1208

JOBS PROTECTED OF IMPACT DIRECT
BENEFICIARIES

N495,646M 571
34 GRANTEES23 STAFUNDS INVESTEDJOBS GENERATED

495,646m FUNDS INVESTED

Fill with caption

27 International Breweries Plc.

SUPPORTING
COMMUNITIES

Providing Water to Communities in Onitsha

Better World Activities

ShoeBox Challenge

COVID-19:
Your Health, Your Safety, Our Priority

Smart Drinking Campaign

Global Road Safety Week
SMASHED Campaign
Don’t Drink and Drive Campaign
2021 Global Smart Drinking Week
Smart Drinking Campaign for Women

ANNUAL REPORT &
FINANCIAL STATEMENTS

Promoting STEM
Education in Osun
State

In 2021, we formally handed over a fully This impactful initiative
equipped science laboratory to the students strongly aligns with
and staff of Community Grammar School, Esa- the Education pillar of
Odo, Osun State. The science laboratory, which our Corporate Social
will impact over 400 students and staff, was Responsibility (CSR) activities
duly refurbished, renovated and equipped with
science tools and materials needed for the
adequate development of the students.

This impactful initiative strongly aligns with
the Education pillar of our Corporate Social
Responsibility (CSR) activities as well as the United
Nations SDG 4 (Quality Education) and SDG 9
(Industry, Innovation and Infrastructure).
The items donated include measuring
cylinders, retort stands, tripod stands, test
tube holders, pulley systems, G-clamps,
packs of Bunsen burners, pieces each of
thermometers, galvanometers, anemometers,
and potentiometers, pieces of lens and mirror,
pendulum bulbs, meter rules, and a pack of
optical bench, among others.

29 International Breweries Plc.

SUPPORTING COMMUNITIES

The science laboratory commissioning is to an effective and efficient Corporate
yet another testament to our commitment Social Responsibility (CSR) system in our host
communities and the country at large.

International Breweries Plc. 30

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Providing Water
to Communities in
Onitsha

Water is Life! More than just a key ingredient With impact
in beer, water is a critical resource for the estimated to be
economic, social and environmental well- around 200,000
being of communities. We are committed to people, the
brewing beer at the highest level of water boreholes provide
efficiency, and we continually challenge easy access to
ourselves to do more. potable water to the
communities
That is why we are improving water access and
security in the communities where we live and
work. In line with our commitment to enriching
lives, we provided water to four communities in
Onitsha.

These communities are:
z Community Sec. School, Odekpe, Ogbaru

LGA 
z Urowulu Village, Obosi, Idemili North LGA
z Nkisi Aroli Community, Onitsha
z St. Stephen’s Road, Ogbeabu Village,

Onitsha

With impact estimated to be around 200,000
people, the boreholes provide easy access
to potable water to the communities whose
inhabitants are largely farmers.

31 International Breweries Plc.

SUPPORTING COMMUNITIES

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Better World We know we
Activities can only do
this with a
Sustainability Month healthy, natural
environment
As an organisation, Sustainability is at the core of what and thriving
we do and who we are. We are determined to build a communities.
company to last - we know we can only do this with a
healthy, natural environment and thriving communities.

With our Global AB InBev 2025 Sustainability Goals
and our different VPO initiatives, we are proud, as
International Breweries, to be contributing to the UN
Sustainable Development Goals (UNSDGs) and the
broader world sustainable development agenda.
This is why we commemorated the month of
September as the 2021 Sustainability Month, thereby
improving and enhancing our progress during our first
Sustainability Week in 2019. Throughout the month,
we lent a hand to our communities to create a
#BetterWorldForAll.

Activities carried out by the organisation include
a tree planting project, beach clean-up and
school beautification projects to consolidate its
efforts in advancing the United Nations Sustainable
Development Goals, specifically, SDG 3: Good Health
and Wellbeing; SDG 6: Clean Water and Sanitation;
SDG 11: Sustainable Cities and Communities; SDG 13:
Climate Action; SDG 14: Life Below Water; and SDG 4:
Quality Education.

At the end of the month, over 100 employees took the
Sustainability Pledge to be a sustainability champion.
Below is an highlight of the 2021 Sustainability Month

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SUPPORTING COMMUNITIES

Our Impact 5 Locations 1,028

256 Volunteer Hour

CBehtatemr pWioonrlsd 12
Partners
12 ABWecotttrielvdirties 76 TPrleaensted

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ShoeBox
Challenge

At International Breweries, we understand that
the importance of giving back cannot be
overemphasized. Therefore every December,
and as part of our Corporate Social Responsibility
efforts, our employees give back to our
communities using the ShoeBox Challenge
initiative.

Through the 2021 ShoeBox Challenge, our
employees donated toys, gift items, food items
and drinks to the charitable homes below
z Heart of Gold Children’s Hospice, Lagos
z Bales of Mercy Orphanage, Lagos
z Jesus Orphanage and Widow’s Home, Port

Harcourt
z Azibaola Orphanage, Port Harcourt
z Madonna Angels Orphanage, Onitsha
z Ave Maria Orphanage, Sagamu, Ogun State
z Hope Emmanuel Orphanage, Ilesa

Through the 2021
ShoeBox Challenge,
our employees
donated toys, gift
items, food items and
drinks to the below
charitable homes

35 International Breweries Plc.





SUPPORTING COMMUNITIES

COVID-19: Your
Health, Your
Safety, Our
Priority

To scale up access to COVID -19 vaccinations and thus putting Nigeria on the path to defeating the
thus promote healthier communities, International global pandemic and ultimately creating safer
Breweries Plc partnered with health agencies across communities.
the country to make vaccines available for the
eligible population within our host communities. Below are pictures of beneficiaries during the
vaccination exercise.
During the exercise, over 750 people were vaccinated

ANNUAL REPORT &
FINANCIAL STATEMENTS

39 International Breweries Plc.

Smart
Drinking

Global Road
Safety Week

Last year, we commemorated the 2021 Global Road Safety
Week themed #StreetsForLife. With this initiative, we called
on all employees to sign an Open Letter while also creating
awareness about low-speed streets in our communities where
we live, work and play.

The Global Road Safety Week is a global event that advocates
for safer roads. Over the years, as a socially responsible business
committed to the overall wellbeing of the communities in which
we live and operate, we continue to pay attention to road safety
through our partnerships with the National Union of Road Transport
Workers and the Federal Road Safety Corps under our Smart Drinking
pillar.

At the end of the
campaign, 75 employees
pledged their commitment
to ensuring safer streets in
our neighbourhoods and
communities.

International Breweries Plc. 40

450 Unique 75 employees pledged their commitment to
Visitors on the ensuring safer streets in our neighbourhood

portal

41 International Breweries Plc.

SMASHED
Campaign

Under the auspices of the Beer Sectoral Group (BSG) of
the Manufacturers Association of Nigeria, alongside our
counterparts, we implemented the 2021 SMASHED campaign in
3 states in Nigeria – Oyo, Delta and Cross River.

The SMASHED Project is a global campaign against underage
drinking, aimed at educating and enlightening adolescents and
the general public on the dangers of underage drinking and
ways to prevent and avoid it.

Since its inception, the Smashed campaign has impacted in the
following ways:

8 States in Nigeria 10 Communities 35,000 Students across 170
Public and Private Schools
International Breweries Plc. in Nigeria

42

Our collaboration with the BSG
and our counterparts is a further
demonstration of our commitment
to promoting smart drinking within
Nigeria.
As a socially responsible business,
International Breweries Plc will
continue to join in the campaign
against the harmful use of alcohol
and remains keen to partner with
and support the government in the
fight against the harmful intake of
alcohol.

International Breweries Plc is committed
to promoting a culture of smart drinking
amongst its consumers

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ANNUAL REPORT &
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SMART DRINKING

Don’t Drink and
Drive Campaign

In partnership with the Federal Road Safety Corps (FRSC)
and the National Union of Road Transport Workers (NURTW),
our employees took to the roads in Ilesha, Sagamu and
Port Harcourt to hundreds of commercial drivers and other
motorists in designated motor parks across the nation on
the ills of drunk driving. This activity, which was also carried
out at the National Youth Service Corps camp in Rivers State,
reached over 2,500 people including commercial bus drivers.

This activity
reached over
2,500 people
including
commercial
bus drivers

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45 International Breweries Plc.

ANNUAL REPORT &
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SMART DRINKING

2021 Global Smart The Global Smart
Drinking Week Drinking Week is
a global event
At International Breweries, we take our responsibility that advocates for
to help reduce and prevent the harmful use of responsible drinking
alcohol around the world seriously — and we put this
at the center of everything we do.

This commitment extends far beyond saying “drink
responsibly”. Hence, we commemorated the 2021
Global Smart Drinking Week themed “Make Every
Experience With Beer a Positive One” with a series of
activities.

With this week, we:

z Raised awareness for AB InBev’s Smart Drinking
initiatives, as well as continue to build pride
and a sense of community among our colleagues
as leaders in this effort.

z Made our colleagues into champions of the
behaviors and social norms
that embody Smart Drinking

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ANNUAL REPORT &
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z Re-ignited our commitment — both personally 9million+ people
as employees, and collectively as a company —
for the year ahead z #SmartDrinkingChallenge to get employees
and consumers involved in smart drinking
z To commemorate the Week, we deployed
Smart Drinking messages on: z #SmartDrinkingPledge taken by employees
across all sites
z 5 billboards in 3 major cities – Abuja, Enugu
and Lagos - in Nigeria to reach 10million+ z 100+ employees volunteered for roadshows,
consumers smart drinking happy hour, outreaches

z Traditional and digital media (newspapers, z 300,000+ impressions on social media
blogs and our social media platforms) to reach

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Smart Drinking
Campaign for
Women

Research shows that alcohol use and misuse among
women are increasing. While alcohol misuse by
anyone presents serious public health concerns,
women who drink have a higher risk of certain alcohol-
related problems compared to men. This is why we
organised a smart drinking awareness outreach
targeted at women in Oginigba.
The outreach was to commit not to sell alcohol to
pregnant women. It was also to discourage pregnant
women from drinking alcohol as most of the women
were made to believe that alcohol alleviates nausea
and vomiting during pregnancy. Over 200 women
went home with lots of excitement on the knowledge
shared and gained.

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49 International Breweries Plc.