Lark Distilling Co. Ltd. · ASX:LRK
Lark Distilling — Investor Presentation (July 2021)
10 slides from Lark Distilling's investor presentation, Jul 6, 2021
Slide 1: Valuation of Litres Under Maturation
Valuation of Litres Under Maturation ASX Announcement – 6 July 2021 Lark Distilling Co. Limited
Slide 2: Executive Summary
VA LU E OF W HI SK EXECUTIVE SUMMARY Y IN BA RR EL } THE PURPOSE OF THIS PRESENTATION IS TO PROVIDE GUIDANCE ON THE VALUE OF WHISKY UNDER MATURATION S } LRK RESTATES THE PHYSICAL LITRES OF WHISKY UNDER MATURATION QUARTERLY (4C) } BUT ONLY RESTATES THE VALUE OF THOSE INVENTORIES ANNUALLY BASED ON A P
Slide 3: Whisky Under Maturation As At 30 June 2021
VA LU E OF W HI SK WHISKY UNDER MATURATION AS AT 30 JUNE 2021 Y IN BA RR EL } At 30 June 2021, LRK Had a Total of 1,093,073 Litres of Whisky Under Maturation @ 43% ABV S } LRK is Forecasting to Grow to Over 1,800,000 Ltrs by the End of F22 (Up 65% from F21) } Historical Increases Have Been Largely T
Slide 4: F21 Net Sales Value Per Litre
VA LU E OF W HI SK F21 NET SALES VALUE PER LITRE Y IN BA RR EL } Arguably The Most Important Metric At LRK is the Net Sales $ per Litre We Generate From Our Whisky S } The Board Has Engaged KPMG to Validate the Methodology Used to Derive the Updated Net Sales per Litre } In An Environment of Limited
Slide 5: F21 Sales Channel Mix
VA LU E OF W HI SK F21 SALES CHANNEL MIX Y IN BA RR EL } During F21 The Following Changes Were Implemented to Improve Channel Mix S } Replaced Mainland Distributor With Our Own Sales Team (Still Ongoing) } Upgraded Our Capability in Online and Hospitality : People, Process, Experience, Infrastructur
Slide 6: F21 Product SKU Type / Pricing Mix
VA LU E OF W HI SK F21 PRODUCT SKU TYPE / PRICING MIX Y IN BA RR EL } During F21 The Following Changes Were Implemented to Improve Product SKU Type / Pricing Mix S } Expansion of the Lark Limited Release Programme (New Releases and Upscaled Anniversary Releases) } Expansion of Core Programme to 3 SK
Slide 7: F22 Forecast
VA LU E OF W HI SK VALUE OF WHISKY UNDER MATURATION AS AT 30 JUNE 2021 Y IN BA RR EL } In F21 Lark Has Achieved a Net Sales Value Per Litre of $216 (In F20 This Was $139 per Litre) S Closing Litres Under Maturation @ 30 June 2021 1,093,073 F21 ACTUAL Multiplied by the NSR $ per Litre for F21 $216 %
Slide 8: Value Of Whisky As At June 2021
VA LU E OF W HI SK VALUE OF WHISKY UNDER MATURATION AS AT 30 JUNE 2021 Y IN BA RR EL } Before Assigning Any Value to Brand or Goodwill, The Lark Whisky Under Maturation is Valued Today at $236m S } Assuming LRK Maintains $216 NSP/Ltr The Value of Whisky Under Maturation At The End of F22 Will Be $38
Slide 9: Disclaimer
VA LU E OF W HI SK DISCLAIMER Y IN BA RR The information contained in this presentation has been prepared by Lark Distilling Co. Limited (“LARK”). This presentation is not an EL S offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any se
Slide 10: Lark Investor Webinar
VA LU EO FW HI SK LARK INVESTOR WEBINAR Y IN BA RR EL S Investors are invited to join a live webinar for information purposes hosted by Managing Director Geoff Bainbridge on Tuesday 6th July at 5pm Australian Eastern Standard time. Please follow this link : https://us02web.zoom.us/j/82811260109?pwd=