Lark Distilling Co. Ltd. · ASX:LRK
Lark Distilling — H1 FY2022 Earnings Presentation
19 slides from Lark Distilling's earnings presentation, Feb 28, 2022
Slide 1: Lark Distilling Co FY22 H1 Investor Briefing
For personal use only LARK DISTILLING CO FY22 H1 INVESTOR BRIEFING FEBRUARY 2022
Slide 2: FY22 H1 Key Highlights
FY22 H1 Key Highlights For personal use only +78% YoY Acquisition of Pontville Distillery & Estate Net Sales +130% YoY Whisky Bank of 1.8m Litres Increased by 483,000 Litres Normalised EBITDA on settlement of Pontville (1st Feb 2022) ~$58m Strong Balance Sheet $56.2m Cash on Hand plus $10m Unused De
Slide 3: Our most valuable assets
Our most valuable assets Experienced Board and Executive team continue to drive the vision and strategic imperatives, For personal use only and have generated these growth results. Laura McBain David Dearie Warren Randall Director & Chairman Director Interim CEO and Managing Director President and C
Slide 4: Executive Team
Executive Team Our Executive Team is represented by subject matter experts within each respective function. Collectively the For personal use only Board, Executive Team and all operational & functional team members are more than capable to deliver on our Strategy & Vision. Alex Aleksic Chris Thomson
Slide 5: Continuing to build the whisky bank
Continuing to build the whisky bank For personal use only WHISKY UNDER MATURATION 1st FEB 22 AT 31 DEC 2021 POST ACQUISITION 1.3m litres +250k litres in H1 1.8m litres Est Net Sales Est Net Sales Value $290m Value $397m +23% in H1 +37% 4.
Slide 6: FY22 H1 Financial Performance
FY22 H1 Financial Performance For personal use only P&L ($m) Dec 2021 Dec 2020 YoY Gross Sales $12.96 $7.29 +78% Net Sales * $10.36 $5.80 +78% Gross Profit $6.42 $3.79 +69% GP% to Net Sales 61.9% 65.4% (3.5)ppts Other Income $0.41 $0.46 (11%) CODB $6.13 $3.45 (77%) EBITDA $0.70 $0.80 (13%) Add Non-R
Slide 7: Future of Lark at Pontville
Future of Lark at Pontville The acquisition of the Pontville Distillery and Cooperage in [October] provided us with 483k L of high-quality whisky under maturation, an immediate increase in production capacity of 193k L p.a. For personal use only 8 additional bond stores as well as an on-site coopera
Slide 8: Building production and infrastructure at Pontville to support growth
Building production and infrastructure at Pontville to support growth For personal use only We have appointed March Studio Architects and now commenced planning for the construction of a greenfield distillery, capable of producing 1 million litres p.a. The construction cost of this facility is expec
Slide 9: Fast becoming Australia's most awarded distillery
Fast becoming Australia’s most awarded distillery – reinforcing strength in trade and consumer confidence For personal use only Campaign Innovator of the Year Sustainable Distillery Whisky of the Year Whisky Bar Series of the year Lark Christmas Cask III 8.
Slide 10: 2022 World Whisky Award and Australia Whisky Awards wins
2022 – Best Blended Malt Whisky – World Whisky Award – Category Winner 2022 – Whisky Distillery of the YEAR – Australia Whisky Awards For personal use only 9.
Slide 11: Continuing to execute on the long term brand strategy
Continuingto Continuing toexecute execute on on the the long brand strategy term brand strategy VISION For personal use only Become a global icon in single malt whisky, renowned for being the world’s most innovative distiller OBJECTIVE #1 OBJECTIVE #2 — — Build brand equity and quality credentials D
Slide 12: Driving distribution of the Lark Core Range
Driving distribution of the Lark Core Range business, our iconic signature whisky and brand anchor point For personal use only 2022 Brand restage ready 30th Year Anniversary for export markets Brand Campaign 11.
Slide 13: On target to launch Limited Release Program
On target to launch exciting Limited Release Program, with extensive innovative product launches planned in H2 For personal use only TOKAY FINISH CHINOTTO CASK II DARK LARK ORIGINS SOLD OUT Experimental Cask Disruptive Seasonal Celebrating 30 Years of 500ml bottles in 10 days Finish Series Winter Re
Slide 14: Elevating the brand and returning increased NSV per litre
Elevating the brand and returning increased NSV per litre Unlocking future revenue drivers via disruptive flavour and format innovation For personal use only Next month Lark will launch the first ever 20 Year Old Age Flavour is the driving factor in spirit and drink choice, and Lark Statement releas
Slide 15: 30th anniversary activations planned
The following activations are planned to celebrate our 30 year anniversary over the next 6 months For personal use only PARA 1992 NPD & 30th 30th Anniversary Flagship event hosted at the Pontville Estate 30th Anniversary key assets, inc Anniversary communications inc Trade, Media, and KOLs (TAS) mer
Slide 16: CEO succession plan
CEO succession plan Ø Discussion about CEO succession has been ongoing for some time. For personal use only Ø As announced to the market in December 2021, Lark commenced a formal, global CEO search with the appointment of leading recruitment firm Denholm Associates. The search is being led from thei
Slide 17: Looking forward
Looking forward… For personal use only Projected Net Sales 2H FY22 Net Sales Range $10m - $14m FY22 Net Sales Range $20m - $24m Investment has commenced in expanding the Sales Team footprint to accelerate both domestic & export We expect to meet our previous guidance of 2m Litres opportunities. Mate
Slide 18: Disclaimer
Disclaimer For personal use only 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 L
Slide 19: Thank You
For personal use only THANK YOU