Delegat Group Limited · NZX:DGL
Delegat — Shareholder Meeting (December 2016)
19 slides from Delegat's shareholder meeting presentation, Dec 6, 2016
Slide 1: Annual Meeting
ANNUAL MEETING 6 December 2016
Slide 2: Welcome
WELCOME • Jim Delegat – Executive Chairman • Graeme Lord – Managing Director • Robert Wilton • Jane Freeman • Dr. Alan Jackson • Shelley Cave • Murray Annabell – Chief Financial Officer 2
Slide 3: Agenda
AGENDA • Executive Chairman’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 3
Slide 4: Executive Chairman's Address – Jim Delegat
EXECUTIVE CHAIRMAN’S ADDRESS – JIM DELEGAT 4
Slide 5: FY2016 – Another Year of Record Performance
FY2016 – ANOTHER YEAR OF RECORD PERFORMANCE • Record case sales of 2,411,000. • Sales of more than 1,000,000 cases in North America for the first time. • Record Operating NPAT of $37.0 million. • Fully imputed dividend of 12 cents per share, up 9%. 5
Slide 6: Investing for Growth
INVESTING FOR GROWTH • $113.8 million of capital expenditure invested in FY2016. • $50.8 million of capital expenditure planned in FY2017. • Vineyard development – Marlborough, Hawke’s Bay and Barossa Valley. • Marlborough winery expansion. • New Hawke’s Bay winery. 6
Slide 7: New Hawke's Bay Winery
NEW HAWKE’S BAY WINERY • Successful inaugural 2016 vintage. • Long term capacity 10,000 tonnes. • Designed for making Super Premium Merlot, Pinot Gris and Sparkling wine. 7
Slide 8: Vineyard Development
VINEYARD DEVELOPMENT • 107 hectares in FY2016. • 72 hectares in FY2017. • 692 hectares of viticultural land to be planted from FY2018 onwards. 8
Slide 9: Funding Growth
FUNDING GROWTH • Funding growth through retained earnings and bank debt. • Strong balance sheet. • Shareholders’ equity $313.9 million. • Net bank debt $282.7 million. • Undrawn syndicated bank facilities $67.3 million. 9
Slide 10: Another Year of Record Performance on Our Journey
ANOTHER YEAR OF RECORD PERFORMANCE ON OUR JOURNEY TO BUILD A LEADING GLOBAL SUPER PREMIUM WINE COMPANY. 10
Slide 11: Managing Director's Address – Graeme Lord
MANAGING DIRECTOR’S ADDRESS – GRAEME LORD 11
Slide 12: FY2016 - Global Sales Performance
FY2016 - GLOBAL SALES PERFORMANCE • Australia, New Zealand, Asia Pacific 705,000 cases, up 4%. • North America 1,012,000 cases, up 14%. • United Kingdom, Ireland and Europe 694,000 cases, up 7%. 12
Slide 13: Major Awards and Accolades
MAJOR AWARDS AND ACCOLADES Oyster Bay Delegat Crownthorpe Terraces ‘Hot Brand’ for the sixth consecutive year by Chardonnay 2014 New York’s Impact Magazine and ‘One of the Gold Medal at the Decanter World Wine World’s Most Admired Brands’ by Drinks Awards and Gold Medal at the New Zealand Internatio
Slide 14: 2016 Vintage
2016 VINTAGE • New Zealand harvest 33,236 tonnes, up 33%. • Barossa Valley harvest 2,601 tonnes, up 56%. • Excellent quality in all regions. • Inventories in place to achieve sales plans. 14 14
Slide 15: Sales Growth FY2016 - FY2021
SALES GROWTH FY2016 - FY2021 Delegat Group Planned Sales Volume (Thousands of 9 Litre cases) 3,401 3,211 3,015 2,816 2,632 2,411 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 15
Slide 16: Forecast FY2017
FORECAST FY2017 • Strong year to date sales. • On track to achieve full year sales growth goal. • Full year Operating NPAT forecast in line with this year’s record performance based on prevailing exchange rates. 16
Slide 17: Thank you
DELEGAT Thank you non Blane (STCT BM
Slide 18: Agenda
AGENDA • Executive Chairman’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 18
Slide 19: Annual Meeting
ANNUAL MEETING 6 December 2016 19