General Announcement::Press Release EMPERADOR SETS SIGHT ON INTERNATIONAL GROWTH

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 17-May-2023 09:11:59
Status: New
Announcement Sub Title: Press Release EMPERADOR SETS SIGHT ON INTERNATIONAL GROWTH
Announcement Reference: SG230517OTHRMUSK
Submitted By (Co./ Ind. Name): Anna Michelle T. Llovido
Designation: Corporate Secretary
Effective Date and Time of the event: 17/05/2023 09:00:00
Description (Please provide a detailed description of the event in the box below): Emperador Inc., a leading global brandy and whisky conglomerate has been achieving yearly record revenues. In 2022, revenues increase by 12% year on year to P62.8 billion. Revenue for the first quarter of 2023 is P15.6 billion, a 26% increase year on year.

The company's stellar performances can partly be attributed to the strong growth of its international business. In 2022, the international business saw growth in all markets particularly in Asia, North America, Europe, and Mexico.

To keep up with its fast-growing business, the company is investing in capital expenditures to expand operations, and upgrade machinery and facilities. EMI is allocating P7 billion of capital expenditures in 2023. P6 billion is allotted for the whisky segment while the remaining P1 billion is allotted for the brandy business.

Please see attached Press Release and the stock transaction tax reminder when dealing with the company's securities.

Total size =340K