Purcari Wineries Public Co., Ltd. · BVB:WINE
Purcari Wineries Public — Shareholder Meeting (May 2025)
14 slides from Purcari Wineries Public's shareholder meeting presentation, May 23, 2025
Slide 1: Annual General Meeting
Purcari Wineries Group (PWG) Public Company Limited BVB: WINE Annual General Meeting May 23, 2025 Page 1 BVB: WINE
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS MADE AVAILABLE ON THIS WEBSITE BY PURCARI WINERIES PUBLIC COMPANY LIMITED (the Company) AND IS FOR INFORMATION PURPOSES ONLY. This presentation and its contents do not, and are not intended to, constitute or form part of, and should not be construed as, constituting o
Slide 3: Today's presenters
Today’s presenters Vasile Tofan Alexandru Filip Chairman of the Board of Directors Chief Executive Officer ▪ Over 15 years experience in FMCG ▪~20 years of experience in finance and management ▪ Senior Partner at Horizon Capital, with focus on consulting. investments in Consumer Goods and Technology
Slide 4: Board of Directors
Board of Directors Vasile Tofan Victor Bostan Chairman of the Board of Directors Founder, Executive Director ▪ Senior Partner at Horizon Capital, with over 15 years ▪ Founder of the Group, since 2002. of experience in investments in Consumer Goods ▪ Over 35 years of experience in the wine industry.
Slide 5: Our purpose
Stefan Format Our purpose Build a global wine-making champion dedicated to preserving and promoting globally the rich wine-making heritage and indigenous grape varieties of New Europe Wines. We aim to inspire our people to thrive and excel through hard work, determination, and collaboration. Page 5
Slide 6: Our strategy in a nutshell: Reach RON 200+ mn EBITDA by 2027
Our strategy in a nutshell: Reach RON 200+ mn EBITDA by 2027 MID-TERM AMBITION: 2X by 200 CORE ELEMENTS Operate market-leading wineries across five New Profitable growth enabled by Europe Wines markets and achieve EBITDA RON 200+ mn; grow 2x on key operating metrics by the Wine-making excellence Tal
Slide 7: Strong track record of growth year to year
Strong track record of growth year to year Sustainable profitability accompanying strong growth Comments ▪ IPO on Bucharest Stock Exchange in February 2018 2017 2018 2019 2020 2021 2022 2023 2024 Revenue 142.3 168.1 199.1 203.7 248.1 302.5 369.6 382.5 ▪ Increased sales 2.6x since pre-IPO CoS -74.5 -
Slide 8: Consistent financial performance track record
Consistent financial performance track record Revenues Gross Profit EBITDA RON m RON m RON m 91 41 24 11.6% 23 16.1% 82 16.7% 36 21 20 73 33 20 29 17 56 26 24 14 50 46 20 42 11 32 14 1Q’18 1Q’19 1Q’20 1Q’21 1Q’22 1Q’23 1Q24 1Q’25 1Q’18 1Q’19 1Q’20 1Q’21 1Q’22 1Q’23 1Q24 1Q’25 1Q’18 1Q’19 1Q’20 1Q’21
Slide 9: Enabling growth with a strong balance sheet
Enabling growth with a strong balance sheet Cash Position Net Debt Comments RON m RON m Strong Cash position on prudent 51.1 50.3 189 Cash and 141 cash management while navigating Debt 112 operational and investment priorities. 24.5 19.1 19.4 21.8 78 16.1 14.0 54 92 77 36 Net Debt reflecting higher
Slide 10: Strong performance across all markets
Strong performance across all markets Market Share of sales, 2024 ∆ ’24/’23 YoY Comments ▪ RO: Strong Q4, contributing 32% of 2024 sales. Purcari and RO 60% +15% Bardar led growth, up +17% and +29% YoY. Overall sales rose +15% YoY, driven by higher volumes and selective price increases. MD 17% +8% ▪
Slide 11: Sustainable growth demonstrating brand resilience in a challenging environment
Sustainable growth demonstrating brand resilience in a challenging environment Brand Share of sales, 2024 ∆ ’24/’23 YoY Comments ▪ PURCARI: Surpassed 8 million bottles in yearly sales. Q4 contributed 33% of 2024 sales, with Moldova and Romania 58% +17% posting mid-double-digit YoY growth. All sub-br
Slide 12: Guidance 2025: maintaining the guidance for the year
Guidance 2025: maintaining the guidance for the year Target 2025 guidance 2025 Q1 actuals Status Comments ▪ 1Q growth in line with guidance, despite a higher comparable base due to RON 5m in Ecosmart Revenue sales included in 1Q 2024, now discontinued. growth +12-17% +12% = ▪ Core Wine up 18% in 1Q
Slide 13: AGM voting points
AGM voting points ITEM 1 Re-election of Ms. Paula-Catalina Banu as independent, non-executive Director of the Company. ITEM 2 Re-election of Ms. Raluca-Ioana Man as independent, non-executive Director of the Company. Re-appointment of the independent auditors PricewaterhouseCoopers Ltd Cyprus as the
Slide 14: Thank you for your attention!
Thank you for your attention! Investors Reports Wineries Discover more at https://purcariwineries.com/investitori/ Page 14
Purcari Wineries Public Company — Shareholder Meeting (May 2025) on 6ix