Delegat Group Limited · NZX:DGL
Delegat — FY2025 Earnings Presentation
23 slides from Delegat's earnings presentation, Aug 29, 2025
Slide 1: FY25 Results
ies DELEGAT FY25 Results 29 August 2025
Slide 2: Agenda
Agenda Business Update Financial Review Outlook 2
Slide 3: Business update
Business update
Slide 4: Our strategic goal is to build a leading global super premium wine company
OUR STRATEGIC GOAL IS TO BUILD A LEADING GLOBAL SUPER PREMIUM WINE COMPANY. 4
Slide 5: Achieving Delegat vision is based on excellence across key success factors
Achieving Delegat vision is based on excellence across 4 key success factors SUPER PREMIUM quality WORLD FAMOUS brands supply EXCLUSIVE GLOBAL distribution 5
Slide 6: FY25 Financial Performance
FY25 Financial Performance • Global Case Sales of 3,188,000 Down 426,000 cases on last year (-12%) • Operating EBITDA of $116.5 million Down $12.0 million on last year (-9%) • Operating NPAT of $51.1 million Down $8.6 million on last year (-14%) • Reported NPAT of $49.0 million Up $17.6 million on l
Slide 7: FY25 Operating highlights
FY25 Operating highlights • A solid sales performance, despite some industry headwinds. • Price increases implemented in key markets, aligned with our premiumisation strategy. • Growth of our global distribution footprint. • Leveraging of deep market knowledge and strong distributor relationships to
Slide 8: Financial review
Financial review
Slide 9: Solid sales result despite retailers/distributors resetting inventory levels and US tariffs uncertainty
Solid sales result despite retailers/distributors resetting inventory levels and uncertainty following imposition of US tariffs % Change Case Sales (000's) June 2025 June 2024 vs 2024 UK, Ireland and Europe 1,008 1,183 -15% North America (USA and Canada) 1,509 1,725 -13% Australia, NZ and Asia Pacif
Slide 10: Lower volumes offset by foreign exchange and price increases
Lower volumes offset by foreign exchange and price increases % Change NZ$ millions June 2025 June 2024 vs 2024 Sales Revenue 346.2 371.8 -7% Sales movements breakdown: Volume -12% Value 5% Foreign Exchange 3% Price 2% 10
Slide 11: Credible result delivered against industry challenges
Credible result delivered against industry challenges % Change NZ$ millions June 2025 June 2024 vs 2024 Sales Revenue 346.2 371.8 -7% Operating Revenue 349.6 375.7 -7% Operating Gross Profit 158.3 171.2 -8% Operating Gross Margin 45% 46% Expenses (54.6) (55.3) 1% Promotion and Marketing (14.7) (13.2
Slide 12: Operating EBITDA Movement – Last Year
Operating EBITDA Movement – Last Year NZ $millions 12
Slide 13: Operating Profit Movement – Last Year
Operating Profit Movement – Last Year NZ $millions 13
Slide 14: 2025 harvest and non-recurring tax changes have increased reported profit
2025 harvest and non-recurring tax changes have increased reported profit Jun 2025 Jun 2024 % Change NZ$ millions vs 2024 Operating NPAT 51.1 59.7 -14% Operating NPAT % of Revenue 15% 16% Biological Produce (Grapes) 1 3.7 (24.0) n/m3 Derivative financial Instruments (6.6) 2.7 n/m3 Total Fair Value I
Slide 15: Reported Profit Movement – Last Year
Reported Profit Movement – Last Year NZ $millions 15
Slide 16: Solid asset base of $1.1b supports Delegat long-term growth
Solid asset base of $1.1b supports Delegat long-term growth Jun 2025 Jun 2024 % Change NZ$ millions vs 2024 Assets Current Assets 279.9 302.9 -8% Fixed Assets 854.6 811.4 5% Other Non-current Assets 0.2 1.6 -88% Total Assets 1,134.7 1,115.9 2% Liabilities Current Liabilities 56.0 50.3 11% Lease Liab
Slide 17: Bank facilities support long term growth
Bank facilities support long term growth NZ $millions 17
Slide 18: Investing for growth – capital expenditure update
Investing for growth – capital expenditure update Capital expenditure, NZD, FY22 to FY26 Vineyard and winery developments in Hawke’s Bay, Marlborough and Barossa Valley. 2023: Includes $39.9 million purchase of the previously leased Dashwood vineyard in Marlborough. 2025: Includes $10.0 million purc
Slide 19: Key financial ratios
Key financial ratios Jun 2025 Jun 2024 % Change NZ$ millions vs 2024 Funding Operating Cash Flow 105.7 56.9 86% Net Debt 328.6 360.1 -9% Key Ratios Operating Profit Measures Interest Cover 5.01 5.19 -3% Return on Equity1 9.4% 11.6% -19% Return on Capital Employed2 9.1% 10.8% -16% Senior Debt Cover R
Slide 20: Outlook
Outlook
Slide 21: Current asset base supports future sales growth
Current asset base supports future sales growth 9 Litre Cases Millions, FY23 to FY28 21
Slide 22: FY26 Operating Profit Guidance
FY26 Operating Profit Guidance Based on prevailing exchange rates and market conditions, the Group forecasts to achieve an FY26 operating NPAT that is in the range of $50 - $55 million*. 22 * Operating NPAT is a non-GAAP measure that excludes NZ IFRS fair value items and any other one-off non-operat
Slide 23: Thank you
Thank you