Pioneering Regenerative
Supply Chains

Highlights

Financial

US$5,209.8m

Sales Revenue – Up 7% at constant currency.

US$879.3m

Underlying Profit – Up 8% at constant currency.

17.8%

Return on Capital Invested – Up 1.1 percentage points at constant currency.

US$901.1m

Cash Flow from Operations – Up US$146.3m.

20.5 US cents per share

Total Dividends – Final dividend of 10.5 US cents per share.

Safety

5.0

Brambles Injury Frequency Rate (BIFR) – Down from 5.5 in FY20.

Sustainability

Ellen MacArthur Foundation (achieved A-)

Maximum AAA rating
Top 4% of companies assessed

A- in its Forests submission

18th most sustainable company in the world

Rated #2 most sustainable international company

Letter from the Chair & CEO

In FY21, Brambles played a critical role in keeping global supply chains open, enabling the flow of essential goods around the world. At the same time, the focus and agility of our people has allowed us to deliver on all of our financial commitments while laying the foundations for an ambitious future.

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How Brambles Creates Value

Brambles’ ambition is to pioneer regenerative supply chains with reuse, resilience, and regeneration at its core. Using the power of its circular business model, network advantage, and expertise, Brambles transforms key inputs into significant sources of value for stakeholders.

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Operating Model

Brambles manages the world’s largest pool of reusable pallets, crates and containers. Through its inherently sustainable operating model, superior network advantage and industry expertise, Brambles leads the market in more efficient and sustainable supply chains.

Inherently Sustainable Operating Model

Brambles’ ‘share and reuse’ model follows the principles of the circular and sharing economies, creating more efficient supply chains by reducing operating costs and demand on natural resources. By promoting the ‘share and reuse’ of assets among multiple parties in the supply chain, Brambles offers customers a more efficient and sustainable alternative to the use of disposable single-use products or managing their own proprietary platforms.

Network Advantage and Supply Chain Expertise

Brambles’ sustainable operating model is underpinned by its superior network advantage and industry-leading supply chain expertise, developed over 70 years of managing customers’ supply chains around the world. With operations in approximately 60 countries, Brambles’ network advantage comprises the scale and density of its service centre network and the strength of its customer relationships in every major market in which it operates. This means Brambles can be faster and more responsive, and in times of uncertainty and increased volatility, more resilient and more reliable.

Share & Reuse: How it works

1

Brambles provides standardised pallets, crates and containers to customers from its service centres as and when the customer requires.

2

Customers use this equipment and Brambles’ support services to transport goods through the supply chain.

3

Customers either arrange for the equipment’s return to Brambles or transfer it to another participant for reuse.

Using its network advantage and asset management expertise, Brambles seamlessly connects supply chain participants, ensuring the efficient flow of goods through the supply chain. By reducing transport distances and the number of platforms required to service the supply chain, Brambles delivers savings in which all participants share.

Brambles retains ownership of its equipment at all times, inspecting, cleaning and repairing, to maintain appropriate quality levels.

Brambles generates sales revenue predominantly from rental and other service fees that customers pay based on their use of its platforms and services.

Strategic Priorities

Brambles is committed to being the global leader in platform pooling and insight-based solutions to fast-moving supply chains delivered through its circular ‘share and reuse’ model. Having introduced the platform pooling model around the world, Brambles is reinventing it for the supply chains of tomorrow.

Brambles seeks to:

  • Achieve and maintain the number one position in each region of operation;
  • Lead the industry in customer service, innovation and sustainability; and
  • Be an employer of choice through best-in-class safety, diversity and talent development programmes.

To deliver this strategy, Brambles has identified four focus areas which leverage the power of its circular ‘share and reuse’ model to deliver value for customers, employees and shareholders. These four focus areas are: Customer Value; Asset Efficiency and Network Productivity; Digital Transformation; and Business Excellence.

Customer
Value

Brambles is committed to delivering unrivalled value and exceptional service to its customers.

Brambles works with its manufacturing customers and supply chain partners to enhance the reliability, efficiency and sustainability of end-to-end supply chains. COVID-19 has demonstrated how critical supply chains are to customers and wider stakeholders. Brambles is committed to improving the customer experience further through simpler processes, additional services and enhanced platform quality.

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Digital Transformation

Brambles is investing to transform information and digital insights into new sources of value for itself and for its customers.

Brambles sees data and technology as core strengths and sources of future competitive advantage. The Group’s Digital and Data team brings together its in-house technology hub, BXB Digital, with business capabilities to translate technology into business outcomes. Brambles’ goal is to combine supply chain data, physical assets and domain expertise to create distinctive new capabilities as well as supporting the delivery of the other strategic themes.

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Asset Efficiency
and Network Productivity

Brambles constantly seeks to improve the productivity and sustainability of its assets and operations.

Brambles constantly seeks to improve the productivity and sustainability of its assets and operations. Brambles works with its customers and partners to align physical networks and working practices in order to improve asset utilisation, reduce equipment loss and lower equipment damage rates. Ongoing programmes of automation and process standardisation enhance the efficiency and resilience of Brambles’ operations, allowing the Group to transfer best practices from one market to another.

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Business Excellence

Brambles is reinventing its organisation, technology and processes to be simpler, more effective and more efficient.

The Group is committed to fostering a culture of agility, innovation and continuous improvement, underpinned by the required processes and systems. Successfully attracting, retaining and empowering high calibre people is integral to Brambles’ ongoing success and will become increasingly important as new skills are required in areas such as digital services, advanced analytics and automated supply chains.

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Brambles’ 2025

Sustainability Targets

Building on its global leadership position in sustainability, Brambles announced its ambitious 2025 sustainability vision to Pioneer Regenerative Supply Chains in FY21.

Regeneration is about delivering life’s essentials every day, but in a nature and people positive way. Reuse, resilience and regeneration are at the core of this vision and are embedded in Brambles’ 2025 sustainability targets.

Brambles has delivered meaningful progress in the foundational year of its regenerative journey whilst developing the plans, key milestones and measurement systems to monitor and share its progress. Collaborating on innovative projects with strategic partners, including customers, suppliers, sustainability thought leaders and solution specialists is an essential part of Brambles’ integrated approach to addressing the shared sustainability challenges of our time.

Importantly, Brambles has produced tangible results, demonstrating that an ambitious regenerative vision has immediate and practical outcomes. This will motivate its teams to strive for continued success in each target area. For example, Brambles has made important investments in afforestation projects that will grow the world’s forest reserves and secure sustainably certified timber for its business. Brambles’ people have also spoken, helping to rank Brambles as the top employer in 17 countries and four regions. All results will be published in full in Brambles’ Sustainability Review in September 2021.

Learn more about our 2025 Sustainability Targets

Brambles’ Climate

Change Strategy

Brambles’ FY20 TCFD outlined three climate-related themes that define its response to addressing climate change and its role in accelerating the transition to a low-carbon, circular economy. Its progress throughout FY21, against these themes, is provided below.

Brambles’ Low-Carbon Advantage

The immediate and ongoing opportunities related to Brambles’ low-carbon, circular business model outweigh short-term climate-related risks in the decarbonising 1.5°C and 2°C climate scenarios.

Brambles’ Network Resilience

The agility and scale of Brambles’ network and asset pools create an inherent resilience to supply chain shock, enabling greater responsiveness to customers before and after severe climate-related weather events.

Raw Material Supply Security and Continuity

Longer-term climate-related risks relating to materials, specifically timber for pallets, are considered in Brambles’ strategic planning processes. This includes extensive mitigations already underway as part of procurement, supply chain and asset efficiency programmes.

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