Australian Vintage Ltd · ASX:AVG
Australian Vintage — Shareholder Meeting (November 2018)
23 slides from Australian Vintage's shareholder meeting presentation, Nov 21, 2018
Slide 1: Australian Vintage Limited Annual General Meeting
Australian Vintage Limited Annual General Meeting 21st November 2018 For personal use only
Slide 2: Disclaimer
Australian Vintage Limited Annual General Meeting Annual General Meeting 21st November 2018 For personal use only Disclaimer The presentation has been prepared by Australian Vintage Limited the industry, countries and markets in which AVG operate. They also (ACN 052 179 932) (“AVG”) (including its s
Slide 3: Australian Vintage Limited Annual General Meeting
Australian Vintage Limited Annual General Meeting 21st November 2018 For personal use only
Slide 4: Agenda
Agenda Annual General Meeting 21st November 2018 For personal use only Performance Summary Richard Davis Business Update Neil McGuigan Formal Proceedings Richard Davis 4
Slide 5: Performance Summary
Annual General Meeting Annual General Meeting 21st November 2018 For personal use only Performance Summary Richard Davis 5
Slide 6: Your company
Your company Annual General Meeting 21st November 2018 For personal use only One of Australia’s largest wine producers Crushes up to 120,000 tonnes a year. Sells 80 million litres of wine. 2,400 planted hectares in 11 vineyards that we either own or lease. Production facilities capable of pr
Slide 7: Key Points
Key Points Annual General Meeting 21st November 2018 For personal use only • Net profit after tax up 79% to $7.7 million. • Sales of McGuigan, Tempus Two and Nepenthe up 14%. • Cash Flow from Operating Activities positive $26.7 million compared to $14.0 million in prior period. • Net Debt of $77.2 m
Slide 8: Key Points (cont.)
Key Points (cont.) Annual General Meeting 21st November 2018 For personal use only • AVL strategies remain unchanged: Grow export business Increase branded sales Focus on cost control 8
Slide 9: Business Results & Summary: Branded Sales
Business Results & Summary Annual General Meeting 21st November 2018 For personal use only 1. Branded Sales • Continued focus on our three core brands, McGuigan, Tempus Two and Nepenthe has resulted in the ongoing increased sales of these three key brands. During the year the sales of these three ke
Slide 10: Business Results & Summary: Australasia / North America Packaged
Business Results & Summary (cont.) Annual General Meeting 21st November 2018 For personal use only 2. Australasia / North America Packaged Sales increased by 3% to $107.3 million. Contribution increased by 21% to $7.4 million. • Australian sales were flat during the year, but the mix continues to im
Slide 11: Business Results & Summary: UK / Europe
Business Results & Summary (cont.) Annual General Meeting 21st November 2018 For personal use only 3. UK / Europe Sales up 25% to $111.0 million. Contribution up $5.4 million to $5.6 million. • Focus on sales mix, increasing sales footprint in all channels and pricing has contributed to the improved
Slide 12: Business Results & Summary: Other Segments
Business Results & Summary (cont.) Annual General Meeting 21st November 2018 For personal use only 4. Other Segments • Cellar Door sales increased by 6% to $10.6 million and contribution is in line with last year at $1.6 million. • Australasia/North America bulk and processing contribution was negat
Slide 13: Capital Expenditure and Future Grape Supply
Business Results & Summary (cont.) Annual General Meeting 21st November 2018 For personal use only 6. Capital Expenditure • Capital expenditure increased to $19.5 million as a result of significant investment in winery equipment (including solar), a new bottling line at our Merbein packaging facilit
Slide 14: Australian Wine Industry
Australian Wine Industry Annual General Meeting 21st November 2018 For personal use only • In the 12 months to September 2018 the value of Australian wine exports increased by 11% to $2.7 billion and volume increased by 5% to 842 million litres. The average value of exports grew by 5% to $3.21 per l
Slide 15: Australian Wine Industry (cont.)
Australian Wine Industry (cont.) Annual General Meeting 21st November 2018 For personal use only • The 2018 Vintage crush was 1.79 million tonnes, a 10% decrease on last year’s record crush (WFA National Vintage Report July 2018). • The decreased crush is basically across all regions. • The average
Slide 16: Outlook
Outlook Annual General Meeting 21st November 2018 For personal use only Australian Vintage has transformed from a bulk wine impact our vineyard yields in 2019. As a result, income company to a quality and well respected branded wine from our vineyards will be down on expectation. In business. This t
Slide 17: Business Review
Annual General Meeting Annual General Meeting 21st November 2018 For personal use only Business Review Neil McGuigan 17
Slide 18: Bring a McGuigan Campaign
Bring a McGuigan Campaign … Annual General Meeting 21st November 2018 For personal use only London – underground Farringdon, London – above ground London – Buses Sydney – City 18
Slide 19: Wine Show Performance for FY18
Wine Show Performance for FY18 …. Annual General Meeting 21st November 2018 For personal use only McGuigan Tempus Two Nepenthe Trophies 19 2 2 Gold 64 22 16 Silver 129 51 38 Bronze 130 95 100 Total 342 170 156 19
Slide 20: Tempus Two Sparkling
Annual General Meeting 21st November 2018 For personal use only Tempus Two Sparkling 20
Slide 21: Barossa Valley Wine Company
Barossa Valley Wine Company Annual General Meeting 21st November 2018 For personal use only Stockyard RRP $40 Gravel Track Farms RRP $25 RRP $80 21
Slide 22: Vision & Values
Vision & Values Annual General Meeting 21st November 2018 For personal use only 22
Slide 23: Thank you
Thank you … Annual General Meeting 21st November 2018 For personal use only 23
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