Australian Vintage Ltd · ASX:AVG
Australian Vintage — H1 2020 Earnings Presentation
15 slides from Australian Vintage's earnings presentation, Feb 26, 2020
Slide 1: December 2019 Half Year Results
Australian Vintage Ltd. December 2019 Half Year Results 26th February 2020 For personal use only
Slide 2: Disclaimer
Australian Vintage Ltd. December 2019 Half Year Results For personal use only Disclaimer The presentation has been prepared by Australian Vintage Limited the industry, countries and markets in which AVG operate. They also (ACN 052 179 932) (“AVG”) (including its subsidiaries, affiliates and include
Slide 3: Key Points
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Key Points For personal use only • EBITS (Earnings before Interest, Tax and SGARA) down 7% to $11.8 million • Net Profit after Tax (NPAT) and before SGARA up 2% to $7.1 million • 2019 vintage h
Slide 4: Australian Wine Industry
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Australian Wine Industry For personal use only In the 12 months to December 2019 the value of Australian wine exports increased by 3% to $2.9 billion and volume decreased by 12% to 744 million
Slide 5: Australian Wine Industry (cont.)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Australian Wine Industry (cont.) For personal use only Wine exports to mainland China continues to lead growth with sales up 13% to $1.2 billion. China remains the largest market for wine sales
Slide 6: Business Results & Summary
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary For personal use only 1. Branded Sales During the 6 months to December 2019 total sales of our three key brands, McGuigan, Tempus Two and Nepenthe increased by 2% wit
Slide 7: Business Results & Summary (cont.) - Australasia / North America Packaged
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) For personal use only 2. Australasia / North America Packaged Sales down 6% on last year with Asia, New Zealand and North America all performing below prior p
Slide 8: Business Results & Summary (cont.) - UK / Europe
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) For personal use only 3. UK / Europe UK/Europe sales and EBIT increased by 6% due mainly to improved sales and margins from the UK division. The McGuigan bran
Slide 9: Business Results & Summary (cont.) - Vineyard Segment
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) For personal use only 4. Vineyard Segment (mainly SGARA) EBIT down by $1.2 million due mainly to SGARA (Self • The decrease in Vineyard Management EBIT is due
Slide 10: Business Results & Summary (cont.) - Other Segments / Other Income
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) For personal use only 5. Other Segments / Other Income • Cellar Door EBIT declined by 40% due mainly to decreased visitor numbers at our Hunter based McGuigan
Slide 11: Results Summary – Revenue ($'000)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Results Summary – Revenue ($’000) For personal use only 6 Months to Change Dec 19 Dec 18 $000 $000 $000 % Australasia/North America Packaged 54,077 57,782 (3,705) (6) UK/Europe (see note) 66,07
Slide 12: Results Summary – Profit ($'000)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Results Summary – Profit ($’000) For personal use only 6 Months to Change Dec 19 Dec 18 $’000 $'000 $’000 % Australasia / North America Packaged 3,600 5,260 (1,660) (32) UK / Europe 6,723 6,366
Slide 13: Outlook
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Outlook For personal use only Our financial position remains sound and considering the fact that $10.1 million was spent on purchasing bulk wine in the period, the $5.6 million positive operati
Slide 14: So far this financial year …
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts So far this financial year … For personal use only Nepenthe * Melbourne International Wine Competition: Trophy for the Adelaide Pinot Noir Winery of the Year * Australian Cool Climate Wine Show
Slide 15: Wine Show Performance - 2019
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Wine Show Performance - 2019 For personal use only McGuigan Tempus Two Nepenthe Barossa Valley Wine Company Trophies 29 3 5 2 Gold 80 45 52 8 Silver 125 66 53 18 Bronze 164 109 125 25 Total Awa