Angostura : 29 Apr 2022 – Angostura Holdings Limited – Annual Report 2021

TABLE OF CONTENTS

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TABLE of CONTENTS

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WHO WE ARE

50 STATEMENT

OF MANAGEMENT'S RESPONSIBILITIES

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VISION, MISSION,

GUIDING PRINCIPLE AND VALUES

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CORPORATE INFORMATION

CHAIRMAN'S STATEMENT

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on YouTube

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19

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CHAIRMAN'S REPORT DIRECTORS' REPORT EXECUTIVE TEAM MANAGEMENT TEAM

25 MANAGEMENT DISCUSSION

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AND ANALYSIS

CEO'S REPORT on YouTube

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OUR COMMUNITY

51 56 57 58 59 60

INDEPENDENT AUDITORS' REPORT

CONSOLIDATED STATEMENT

OF FINANCIAL POSITION

CONSOLIDATED STATEMENT

OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

CONSOLIDATED STATEMENT

OF CHANGES IN EQUITY

CONSOLIDATED STATEMENT

OF CASH FLOWSNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Design and layout: Paria Publishing Co. Ltd. Cover design: The Buzz Ltd.

Photography of Management: Damian Luk Pat Printing: Scrip J

WHO WE ARE

WHO WE ARE

Angostura®, a world market leader for bitters, is one of the Caribbean's leading rum producers and home to a superb collection of rum brands.

Our iconic drinks include Angostura 1824®, Angostura® 1787, Angostura 1919®, Angostura® 7-year-Old rum, Angostura® 5year Old rum, Angostura® Reserva, Angostura Single Barrel®, Angostura® Tamboo, White Oak and its innovative array of flavours - Sorrel, Coconut, Watermelon, Pink Grapefruit and Pineapple, Forres Park Puncheon, Black Label, and Royal Oak.

As a market leader for bitters, Angostura® produces products such as Angostura® aromatic bitters, Angostura® orange bitters, Angostura® cocoa bitters, Amaro di Angostura® and signature beverages which include Angostura Chill and its range of flavours - Lemon, Lime and Bitters, Sorrel and Bitters and Blood Orange and Bitters.

was introduced to the world in 1824 and remains a top secret.

Along with being a Royal Warrant Holder to the Queen of England for our Angostura® aromatic bitters, we have successfully marketed our iconic bitters globally and have a geographic reach into 170 markets. The recipe for Angostura® aromatic bitters has not been changed since the first bottle

Many of our brands have been bringing joy for generations in Trinidad and Tobago, our core rum market. Meanwhile, our premium rums have been causing a stir at countless international competitions over the past decade and have been awarded many prestigious accolades internationally. In 2021, our rum and Bitters brands won over 40 international awards and also topped the World Spirits Award for World Class Distillery and SIP Awards tasting for Amaro di Angostura®.

WHO WE ARE

VISION, MISSION, GUIDING PRINCIPLE AND VALUES

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VISION, MISSION, GUIDING PRINCIPLE AND VALUES

VISION

GUIDING PRINCIPLE

Proudly grow for the betterment of the environment and the people of Trinidad and Tobago.

"No Stickin" - Be relentless in making it happen!

VALUESMISSION

Be a world-renowned rum company with sought after brands rooted in authenticity and craftsmanship, while accelerating the ingenuity and mystique of delivering exceptional Aromatic Spirits and other beverages.

Integrity Togetherness Tenacity Passion

"Celebrate the spirit of Trinidad & Tobago"