Delegat Group Limited · NZX:DGL
Delegat — Shareholder Meeting (November 2020)
22 slides from Delegat's shareholder meeting presentation, Nov 25, 2020
Slide 1: Annual Meeting
ANNUAL MEETING 25 November 2020 1
Slide 2: Welcome
WELCOME • Jim Delegat – Executive Chairman • John Freeman – Managing Director • Rose Delegat • Robert Wilton • Dr. Alan Jackson • Graeme Lord • Phillipa Muir • Murray Annabell – Chief Financial Officer 2
Slide 3: Agenda
AGENDA • Executive Chairman’s address • Managing Director’s address • Shareholder questions and discussion • Voting on resolutions of the meeting • General business 3
Slide 4: Executive Chairman's Address – Jim Delegat
EXECUTIVE CHAIRMAN’S ADDRESS – JIM DELEGAT 4
Slide 5: FY2020 – Another Year of Record Performance
FY2020 – ANOTHER YEAR OF RECORD PERFORMANCE • Record case sales of 3,277,000, up 9%. • North America 8% case sales growth. • UK, Ireland & Europe 23% case sales growth. • Record operating NPAT of $60.8 million, up 20%. • Record cash flows from operations of $84.3 million, up 42%. • Number one New Ze
Slide 6: Investing for Growth
INVESTING FOR GROWTH • $29 million of capital expenditure invested in FY2020. • $52 million of capital expenditure planned in FY2021. • Vineyard development in New Zealand. • Marlborough and Hawke’s Bay winery expansion. • This capital investment supports the Group’s plan to grow sales by more than
Slide 7: Vineyard Development
VINEYARD DEVELOPMENT Awatere Valley, Marlborough 7
Slide 8: Funding Growth
FUNDING GROWTH • Funding growth through retained earnings and bank debt. • Strong balance sheet. • Shareholders’ equity $404.6 million. • Net bank debt $239.5 million. • Undrawn syndicated bank facilities $90.5 million. 8
Slide 9: Directors
DIRECTORS • Retirement – Robert Wilton • Appointment – Graeme Lord • Appointment – Phillipa Muir 9
Slide 10: Another Year of Record Performance on Our Journey
ANOTHER YEAR OF RECORD PERFORMANCE ON OUR JOURNEY TO BUILD A LEADING GLOBAL SUPER PREMIUM WINE COMPANY. 10
Slide 11: Managing Director's Address – John Freeman
MANAGING DIRECTOR’S ADDRESS – JOHN FREEMAN 11
Slide 12: yoyed by
yoyed by lovers around 12
Slide 13: FY2020 – Global Sales Performance
FY2020 – GLOBAL SALES PERFORMANCE • North America 1,438,000 cases, up 8%. • United Kingdom, Ireland and Europe 1,101,000 cases, up 23%. • Australia, New Zealand, Asia Pacific 738,000 cases. 13
Slide 14: FY2020 – Global Sales Performance
FY2020 – GLOBAL SALES PERFORMANCE • North America 1,438,000 cases, up 8%. • United Kingdom, Ireland and Europe 1,101,000 cases, up 23%. • Australia, New Zealand, Asia Pacific 738,000 cases. 14
Slide 15: FY2020 – Global Sales Performance
FY2020 – GLOBAL SALES PERFORMANCE • North America 1,438,000 cases, up 8%. • United Kingdom, Ireland and Europe 1,101,000 cases, up 23%. • Australia, New Zealand, Asia Pacific 738,000 cases. 15
Slide 16: FY2020 – Global Sales Performance
FY2020 – GLOBAL SALES PERFORMANCE • North America 1,438,000 cases, up 8%. • United Kingdom, Ireland and Europe 1,101,000 cases, up 23%. • Australia, New Zealand, Asia Pacific 738,000 cases. 16
Slide 17: 17
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Slide 18: Delegat Group 2020 Vintage
DELEGAT GROUP 2020 VINTAGE • Group harvest 38,129 tonnes, up 7% from the 2019 vintage • Exceptional quality in all regions delivering highly expressive wines • Appropriate inventories in place to achieve future sales plans 18 18
Slide 19: Investing in Our People
DELEGAT INVESTING IN OUR PEOPLE
Slide 20: Sales Growth FY2021 – FY2023
SALES GROWTH FY2021 – FY2023 Delegat Group Planned Sales Volume (Thousands of 9 Litre cases) 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 FY2020 Actual FY2021 Forecast FY2022 Projection FY2023 Projection 20
Slide 21: Forecast FY2021
FORECAST FY2021 • On track to achieve full year sales growth to 3.35 million cases. • Full year operating NPAT forecast to be in the range of $60 million to $65 million. 21
Slide 22: Annual Meeting
ANNUAL MEETING 25 November 2020 22