Delegat Group Limited · NZX:DGL
Delegat — Shareholder Meeting (December 2022)
31 slides from Delegat's shareholder meeting presentation, Dec 6, 2022
Slide 1: Annual Meeting
ANNUAL MEETING 6 December 2022 1
Slide 2: How to participate in virtual/hybrid meetings (Q&A)
HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (Q&A) Shareholder & Proxyholder Q&A Participation Written Questions: Questions may be submitted ahead of the meeting. If you have a question to submit during the live meeting, please select the Q&A tab on the right half of your screen at anytime. Type yo
Slide 3: How to participate in virtual/hybrid meetings (Voting)
HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (VOTING) Shareholder & Proxyholder Voting Once the voting has been opened, the resolutions and voting options will allow voting. To vote, simply click on the Vote tab, and select your voting direction from the options shown on the screen. You can vote fo
Slide 4: Welcome
WELCOME • Graeme Lord – Chair • Steven Carden – Managing Director • Jim Delegat • Rose Delegat • Dr. Alan Jackson • Gordon MacLeod • Phillipa Muir • Murray Annabell – Chief Financial Officer 4
Slide 5: Agenda
AGENDA • Chair’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 5
Slide 6: Chair's Address – Graeme Lord
CHAIR’S ADDRESS – GRAEME LORD 6
Slide 7: FY2022 – A Strong Result
FY2022 – A STRONG RESULT • Record Global case sales of 3,360,000, up 6%. • North America 8% case sales growth. • Operating NPAT of $58.1 million. • Operating EBITDA of $112.2 million. • Strong cash flows from operations of $65.6 million. • Oyster Bay voted Fan Favourite for White Wine. 7
Slide 8: Celebrating 75 Years
DELEGAT CELEBRATING 75 YEARS an SE YEARS OF DELEGAT f VISIONARY WINEMAKING
Slide 9: Delegat Values
DELEGAT VALUES Aspirational Goals Focus and work hard Create an environment for success Positive Mind’s Eye Attention to detail Go the extra mile for each other Courage to lead Develop everyday Respect and recognition 9
Slide 10: Four Key Success Factors
DELEGAT’S GLOBAL SUCCESS IS UNDERPINNED BY FOUR KEY SUCCESS FACTORS WORLD FAMOUS SUPER PREMIUM brands quality EXCLUSIVE GLOBAL supply distribution 10
Slide 11: Board Succession
BOARD SUCCESSION: • Appointment – Steven Carden Managing Director • Appointment – Gordon MacLeod Non-executive Director Chair of Audit & Risk Committee • Appointment – Graeme Lord Non-executive Chair 11
Slide 12: Chair's Address – Graeme Lord
CHAIR’S ADDRESS – GRAEME LORD 12
Slide 13: Managing Director's Address – Steven Carden
MANAGING DIRECTOR’S ADDRESS – STEVEN CARDEN 13
Slide 14: FY2022 – Global Sales Performance
FY2022 – GLOBAL SALES PERFORMANCE • North America 1,608,000 cases, up 8%. • United Kingdom, Ireland and Europe 1,060,000 cases. • Australia, New Zealand, Asia Pacific 692,000 cases. 14
Slide 15: FY2022 – Global Sales Performance
FY2022 – GLOBAL SALES PERFORMANCE • North America 1,608,000 cases, up 8%. • United Kingdom, Ireland and Europe 1,060,000 cases. • Australia, New Zealand, Asia Pacific 692,000 cases. 15
Slide 16: FY2022 – Global Sales Performance
FY2022 – GLOBAL SALES PERFORMANCE • North America 1,608,000 cases, up 8%. • United Kingdom, Ireland and Europe 1,060,000 cases. • Australia, New Zealand, Asia Pacific 692,000 cases. 16
Slide 17: FY2022 – Global Sales Performance
FY2022 – GLOBAL SALES PERFORMANCE • North America 1,608,000 cases, up 8%. • United Kingdom, Ireland and Europe 1,060,000 cases. • Australia, New Zealand, Asia Pacific 692,000 cases. 17
Slide 18: Oyster Bay
OYSTER BAY VOTED FAN FAVOURITE IN WHITE WINE The Drinks Association’s top Australian drinks brands for 2021 and 2022
Slide 19: People and Culture
PEOPLE AND CULTURE DELEGAT
Slide 20: Global Marketing
GLOBAL MARKETING • Goal is to establish Oyster Bay and Barossa Valley Estate as leading brands in the Super Premium wine category • Marketing activities are tailored to the specific needs of each market and phases of brand development, using both online and offline media • Our digital marketing prog
Slide 21: Global Supply Chain
GLOBAL SUPPLY CHAIN • Have managed through a period of significant supply chain distribution • The company's investment in in-market warehousing facilities was critical in helping deal with shipping bottlenecks to and from US and Canadian ports • The ability to maintain inventory levels in key marke
Slide 22: Delegat Group 2022 Vintage
DELEGAT GROUP 2022 VINTAGE • Group harvest 44,861 tonnes, up 20% from the 2021 vintage • Exceptional quality in all regions delivering highly expressive wines • Appropriate inventories in place to achieve future sales plans 18 22
Slide 23: New Vineyard Development
NEW VINEYARD DEVELOPMENT DELEGAT 23
Slide 24: Investing for Growth
INVESTING FOR GROWTH • $39.4 million of capital expenditure invested in FY2022. • $51.9 million of capital expenditure planned in FY2023. • Vineyard development in New Zealand. • Marlborough and Hawke’s Bay winery expansion. 24
Slide 25: Funding Growth
FUNDING GROWTH • Funding growth through retained earnings and bank debt. • Strong balance sheet. • Shareholders’ equity $499.5 million. • Net bank debt $248.7 million. • Undrawn syndicated bank facilities $87.3 million. 25
Slide 26: Outlook
OUTLOOK • On track to achieve full year sales growth to 3,672,000 cases in FY23. • Full year operating NPAT forecast to be in the range of $60 million to $64 million in FY23. • Revised growth projections to 3,826,000 cases in FY24 and 3,947,000 cases in FY25 – increasing focus on value growth in add
Slide 27: Managing Director's Address – Steven Carden
MANAGING DIRECTOR’S ADDRESS – STEVEN CARDEN 27
Slide 28: Agenda
AGENDA • Chair’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 28
Slide 29: Agenda
AGENDA • Chair’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 29
Slide 30: How to participate in virtual/hybrid meetings (Voting)
HOW TO PARTICIPATE IN VIRTUAL/HYBRID MEETINGS (VOTING) Shareholder & Proxyholder Voting Once the voting has been opened, the resolutions and voting options will allow voting. To vote, simply click on the Vote tab, and select your voting direction from the options shown on the screen. You can vote fo
Slide 31: Annual Meeting
ANNUAL MEETING 6 December 2022 31