Delta Corporation Limited Annual Report 2023 + proxy

The economic environment continues to deteriorate and this increases the overall risk of doing business. The political environment, although peaceful, remains turbid. The general election held in July 2018, though peaceful, was contested and did not receive the full endorsement of the international observer missions. The character of the current administration was severely dented by the military interventions in quelling the postelection demonstrations of August 2018 and suppressing the violent reactions to fuel price increases in January 2019

The economic environment continues to deteriorate and this increases the overall risk of doing business. The political environment, although peaceful, remains turbid. The general election held in July 2018, though peaceful, was contested and did not receive the full endorsement of the international observer missions. The character of the current administration was severely dented by the military interventions in quelling the postelection demonstrations of August 2018 and suppressing the violent reactions to fuel price increases in January 2019

The principal risks facing the Group and considered by the board and group management committee are detailed below.
These are not the only risks facing the Group. There may be additional risks not currently known to us or that we currently deem to be immaterial which may materially adversely affect the business, financial condition or results of operations in future periods.

Following the conclusion of the combination of SABMiller and AB InBev in October 2016, the Company is now an associate of the new AB InBev Group

Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) was down 10% on prior year versus a 14% decline in
operating income reflecting a focus on fixed cost management. Finance income has benefited from the net cash holding position throughout the year.

Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) was down 10% on prior year versus a 14% decline in operating income reflecting a focus on fixed cost management. Finance income has benefited from the net cash holding position throughout the yea