Lark Distilling Co. Ltd. · ASX:LRK
Lark Distilling — H1 FY24 Earnings Presentation
30 slides from Lark Distilling's earnings presentation, Feb 22, 2024
Slide 1: HY24 Investor Briefing
& LARK DISTILLING CO. LTD HY24 INVESTOR BRIEFING 22 FEBRUARY 2024 -
Slide 2: LARK will be a leader in New World whisky
LARK WILL BEA LEADER IN NEW WORLD WHISKY. — aA
Slide 3: LARK will lead Tasmanian whisky
LARK WILL LEAD TASMANIAN WHISKY... LARK is best positioned to lead the rise: LARK IS PROUDLY AUSTRALIA'S - NO. 1 LUXURY SINGLE MALT FREEDOM TO UNPARALLELED ABILITY TO INNOVATE STORY, 30 YEARS OF CLIMATE AND HISTORY AS ReGen OUNDARIE PROVENANCE TASMANIA'S 181 ee BON ARIES AND OLDEST FUTURE SINGLE MAL
Slide 4: HY24 Highlights and Strategic Priorities
HY24 HIGHLIGHTS AND STRATEGIC PRIORITIES Sash Sharma - CEO = S fo) co) m7) =) i S fe) D — o rom — fo) LL
Slide 5: H1 FY24 Results
For personal use only H1 FY24 Results - LARK Distilling Co. (-220bps on HY23 of 68.2%) 5 5
Slide 6: Strategic Priorities
STRATEGIC PRIORITIES BUILD LONG TERM BRAND VALUE LARK will build a globally recognised and differentiated luxury brand CASH & CAPITAL DISCIPLINE INTERNATIONAL SALES MOMENTUM & DOMESTIC LEADERSHIP POSITION Creation of repeatable and diversified (geography and channel) revenue streams LARK will priori
Slide 7: For personal use only
7 For personal use only • • • • • • • • • . .
Slide 8: Build Long Term Brand Value
BUILD LONG TERM BRAND VALUE mm. or xo
Slide 9: LARK Future Brand Propositions
LARK FUTURE BRAND PROPOSITIONS & LARK TASMANIAN SINGLE MALT WHISKY FORTY SPOTTED TASMANIAN GIN *NOT TO SCALE
Slide 10: Awards and category wins
LARK's reputation continues to grow with gold medals and category wins across the leading international & domestic awards programs, cementing its position as Australia's No.1 Luxury Single Malt Whisky. few) China Wine & Spirits Awards 8 Global Spirits Masters } ] | | LARK Rebellion Chinotto Citrus C
Slide 11: Brand partnerships
Meaningful brand partnerships to grow LARK’s awareness and reinforce credibility with trade and consumers via trusted names. as official Brand. Ambassador
Slide 12: LARK 1911 Para Vintage Tawny Cask
Creating brand halo effect entering the prestige market with ultra rare, remarkable, and collectable Single Malt. Sev sky sublime to LARK 1911 Para Vintage Tawny Cask Single Malt Whisky, $5,250.00 AUD
Slide 13: International Sales Momentum & Domestic Leadership Position
INTERNATIONAL SALES MOMENTUM & DOMESTIC LEADERSHIP POSITION
Slide 14: For personal use only
14 For personal use only • • • • • • o o o o
Slide 15: For personal use only
15 For personal use only • • • • • • •
Slide 16: For personal use only
16 For personal use only • • • • •
Slide 17: Cash & Capital Discipline
For personal use only CASH & CAPITAL DISCIPLINE LEGACY
Slide 18: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 18Investor Briefing - LARK Distilling Co.
Slide 19: Distillery and site infrastructure
Liquid use: Distilling Capacity: Blended Malt, t erm 150k L@43% ABV Offerings under (838k LAL) pa. “The House of LARK’ ao ‘1x Grain Silo 5x 3000L SS Fermenters _—s- q e D 1800L Wash Still = iit Stl 6O0OL Spirit Still \ [1] Mash Tun — Historic homestead, ( Grain Mill stables, and barns Hospitality in
Slide 20: HY24 Financial Highlights & Whisky Bank
20 HY24 FINANCIAL HIGHLIGHTS & WHISKY BANK lain Short - CFO
Slide 21: H1 FY24 income statement
A$'000 H1 FY23 Var $ Var % • H1 FY24 For personal use only Net Sales * 7,386 9,624 (2,238) -23.3% • Cost of sales (2,510) (3,058) 548 -17.9% Gross Profit 4,876 6,566 (1,690) -25.7% Gross Profit % 66.0% 68.2% -2.2% -3.2% • Other Income 830 370 460 124.3% Selling and distribution (1,015) (1,774) 760 -
Slide 22: Balance sheet and cash flow
• A$'000 31/12/2023 30/06/2023 vs LY $ For personal use only Cash and cash equivalents 5,525 7,160 (1,635) • Trade and other receivables 1,778 1,995 (217) Inventories 18,417 15,993 2,424 • Prepaid assets 223 117 106 Total current assets 25,942 25,265 677 • Inventories 44,346 45,917 (1,570) • Propert
Slide 23: For personal use only
• For personal use only • • • • • • • 23 H1 FY24 Results - LARK Distilling Co.
Slide 24: Strategic Priorities & Growth Plan
STRATEGIC PRIORITIES & GROWTH PLAN Sash Sharma - CEO
Slide 25: Strategic Priorities
25 STRATEGIC PRIORITIES BUILD LONG TERM BRAND VALUE LARK will build a globally recognised and differentiated luxury brand CASH & CAPITAL DISCIPLINE INTERNATIONAL SALES MOMENTUM & DOMESTIC LEADERSHIP POSITION Creation of repeatable and diversified (geography and channel) revenue streams LARK will pri
Slide 26: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ 26 26Investor Briefing - LARK Distilling Co.
Slide 27: Perspectives for FY24
For personal use only LARK Distilling Co. Perspectives for FY24
Slide 28: For personal use only
28 For personal use only • • • • • • • • • • • •
Slide 29: Disclaimer
LARK Distilling Co. Disclaimer The information contained in this presentation has been prepared by Lark Distilling Co. Limited (“LARK”). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in LAR
Slide 30: For more information contact
LARK MADE OF TASMANIA For more information contact: Peter Kopanidis +61 412 171 673 investors@larkdistilling.com