BrewDog Punk AGM 2014 - A Review
Zoedale has been supplying the brewing industry with valves and flow control equipment for many years. This is our review of the BrewDog AGM that took place in Aberdeen
On Saturday 21st June, 4,000+ Brewdog “Equity Punks” descended on Aberdeen for the Punk AGM 2014. This annual event is exclusively for BrewDog Shareholders and was not like any other AGM I have attended! Usually we visit the AECC for Oil and Gas related events but this time the barrels contained something much better tasting.
I arrived early and headed straight to the bar where I was spoiled for choice. Beers from Magic Rock, Mikkeller, BrewDog, Cromarty, Stone, Gypsy Inc and more! I had about an hour and a half until the business talk started so I spent some time at the merchandise stand and sampled some of the excellent food then went to view the Sabco Brew Magic Kit. We were also able to order some exclusive beers at AGM prices from the online shop which I did.
The “Business Talk” started at 1.30pm and was kicked off by CEO and Co Founder of Stone Brewing, Greg Koch. This was a rousing talk where he called upon us Brothers and Sisters to continue the fight against dull beers and keep supporting the “Craft Revolution”. He even got us to shout “Hell Yeah!” in answer to "are you with me?" very American but it really set the scene for the day!
Before the BrewDog Founders James and Martin took to the stage we were shown this video which I love!:
Martin and James are two regular guys with exceptional vision, imagination and commitment to Craft Beer and between them they delivered an inspiring presentation. The highlights of the business talk and BrewDog's 2013 achievements for me were:
- Very strong 2013 audited accounts showing a net profit of £2,369,000 which will be re invested into the business
- Round 3 of the Equity for Punks crowd funding initiative completed (Most successful in Europe)
- BrewDog still the fastest growing food & drinks company in the UK
- Brewery has doubled in size due to demand from UK and overseas
- Plans to build an AD / Biogas plant to turn Brewdog waste to energy (Talk to us about that!)
- BrewDog Bars opened in Shepherd’s Bush, Sheffield, Tokyo, Sao Paolo, Gothenburg & Dundee with Clapham, Cardiff, Brighton, Liverpool & Glasgow coming soon
- New BrewDog offices opened in Ellon and London
- First ever BottleDog beer shop opened with more to come
- BrewDog TV show aired in USA http://www.brewdog.com/blog-article/brewdogs-the-tv-show-premieres-today-in-america
- Announcement of the BrewDog Investment fund. More on that below:
The investment fund is very interesting to us as shareholders and beer enthusiasts. The guys at BrewDog have set aside a sum of money to invest in Craft Breweries that show potential to become something amazing. They will not only invest money but time, expertise and even equipment if needed. The first example of this is the fantastic Brew by Numbers in London who received excellent advice and even have some of the old BrewDog tanks!
After the Business Talk EVERYONE headed for the bars and they were a bit over whelmed as 4,000 people all wanted beer. Some people even started a rival HashTag #QueueDog which I felt was a little unfair given the occasion. This tweet actually summed up the bar situation:
BrewDog have apologised on their site for the bar delays and will improve it next year, for me as with most others it certainly didn't put a downer on the day.
There were beer talks and tasting sessions from Magic Rock, Stone and Cromarty, live music from bands including Idle Wild and all BrewDog staff were mingling with the crowd answering questions which was great. I even got to meet Head Brewer Stewart Bowman and talk whiskey barrels and Saison.
In summary: This was an AGM unlike no other. 4,000 like minded individuals, some great beers, live music and an opportunity to meet the people driving the Craft Beer revolution. My top beer of the day: Smoked Porter by Stone Brewing
Thanks to all the BrewDog team, we will see you next year.