Australian Vintage Ltd · ASX:AVG
Australian Vintage — FY2020 Earnings Presentation
15 slides from Australian Vintage's earnings presentation, Aug 26, 2020
Slide 1: Australian Vintage Ltd. June 2020 Results
Australian Vintage Ltd. June 2020 Results 26th August 2020
Slide 2: Key Points
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Key Points • Net Profit after Tax (NPAT) up 35% to $11.0 million • NPAT before impact of new accounting standard on leases (AASB16) up 41% to $11.4 million • EBIT (Earnings before Interest and
Slide 3: Australian Wine Industry
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Australian Wine Industry In the 12 months to June 2020 the value of Australian wine exports decreased by 1% to $2.8 billion and volume decreased by 9% to 730 million litres. The average value o
Slide 4: Australian Wine Industry (cont.)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Australian Wine Industry (cont.) China remains the largest market for wine sales with 38% of all Australian exports and third by volume. Other key export markets: • UK export sales increased by
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.) The 2020 Vintage crush has been estimated at 1.52 million tonnes, a decrease of 12% on last year’s crush. (Wine Australia – National Vintage Report July 2020).
Slide 6: Business Results & Summary
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary 1. Branded Sales During the 12 months to June 2020 total sales of our four key brands, McGuigan, Tempus Two, Nepenthe and Barossa Valley Wine Company increased by 8%.
Slide 7: Business Results & Summary (cont.)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) 2. Australasia / North America Packaged Sales down 3% on last year with Asia, North America and New Zealand all performing below prior period. Cask sales decl
Slide 8: Business Results & Summary (cont.)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) 3. UK/Europe The UK performance was exceptional with sales volumes up against an industry trend that is showing Australian wine sales volumes to the UK declin
Slide 9: Business Results & Summary (cont.)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) 4. Other Segments • With Cellar doors closed for part of the year, contribution declined by 75% to $0.2 million but is to be expected during Covid-19. During
Slide 10: Business Results & Summary (cont.)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) 6. Future Strategy Over the last 3 years the Company has invested heavily in various capital projects, including $11 million on a new packaging line and vario
Slide 11: Results Summary – Revenue ($’000)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Results Summary – Revenue ($’000) 12 Months to Change 30/06/20 30/06/19 $000 % Australasia/North America Packaged 102,759 105,870 (3,111) (3) UK/Europe 128,730 121,180 7,550 6 Cellar Door 7,947
Slide 12: Results Summary – Profit ($’000)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Results Summary – Profit ($’000) 12 Months to 30/06/20 Change Reported Impact of (before 12 months to $’000 % Profit AASB16 impact of 30/06/19 AASB16) Australasia / North America Packaged 5,531
Slide 13: Outlook
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Outlook The future looks promising based on the recent growth of our key brands. We our Merbein facility, will result in a $3 million reduction in our FY21 costs will continue to improve our mi
Slide 14: Wine Show Results / Key Brand Facts
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Wine Show Results / Key Brand Facts McGuigan 12 Trophies - 20 Gold medals - 61 Silver medals - 97 Bronze Decanter Asia Wine Awards Best in Show 2017 McGuigan Personal Reserve Bainton Shiraz P
Slide 15: Disclaimer
Australian Vintage Ltd. June 2020 Results Disclaimer The presentation has been prepared by Australian Vintage Limited include general economic conditions, exchange rates, interest rates, the (ACN 052 179 932) (“AVG”) (including its subsidiaries, affiliates and regulatory environment, competitive pre