Australian Vintage Ltd · ASX:AVG
Australian Vintage — FY2019 Earnings Presentation
18 slides from Australian Vintage's earnings presentation, Aug 28, 2019
Slide 1: Australian Vintage Ltd. June 2019 Results
Australian Vintage Ltd. June 2019 Results 28th August 2019 For personal use only
Slide 2: Disclaimer
Australian Vintage Ltd. June 2019 Results 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 subsidiaries, affiliates and include general econom
Slide 3: Key Points
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Key Points For personal use only • EBITS (Earnings before Interest, Tax and SGARA) up 30% to $21.7 million • Net Profit after Tax (NPAT) and before SGARA up 48% to $11.9 million • 2019 vintage
Slide 4: Australian Wine Industry
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Australian Wine Industry For personal use only In the 12 months to June 2019 the value of Australian wine exports increased by 4% to $2.9 billion and volume decreased by 6% to 801 million litre
Slide 5: Australian Wine Industry
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Australian Wine Industry (cont.) For personal use only Wine exports to China continues to lead growth with sales up 8% to $1.1 billion. China remains the largest market for wine sales and third
Slide 6: Australian Wine Industry
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Australian Wine Industry (cont.) For personal use only The 2019 Vintage crush has been estimated at 1.73 million tonnes, a decrease of 3% on last year’s crush. (Wine Australia – National Vintag
Slide 7: Business Results & Summary: Branded Sales
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary For personal use only 1. Branded Sales During the 12 months to June 2019 total sales of our three key brands, McGuigan, Tempus Two and Nepenthe increased by 10%. Thes
Slide 8: Business Results & Summary: Australasia / North America Packaged
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) For personal use only 2. Australasia / North America Packaged Sales up 8% on last year with most of the increase coming from increased branded sales. Cask sal
Slide 9: Business Results & Summary: UK/Europe
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) For personal use only 3. UK/Europe UK/Europe sales were up 15% on last year with the McGuigan Brand continuing to grow in all parts of the UK market. The McGu
Slide 10: Business Results & Summary: Other Segments, Interest and Financial Position
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) For personal use only 4. Other Segments • Cellar Door reported a 39% EBIT decline to $1.0 million due mainly to decreased visitor numbers in the Hunter Valley
Slide 11: Investing to Drive Premiumisation and Operational Efficiency
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Business Results & Summary (cont.) For personal use only 6. Investing to Drive Premiumisation and Operational Efficiency $M FY18 & FY20 • Total capital spend for 3 years to June 2020 FY19 Forec
Slide 12: Results Summary – Revenue ($'000)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Results Summary – Revenue ($’000) For personal use only 12 Months to Change 30/06/19 30/06/18 $000 % Australasia/North America Packaged 105,870 98,166 7,704 8 UK/Europe (see note) 121,180 104,9
Slide 13: Results Summary – Profit ($'000)
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Results Summary – Profit ($’000) For personal use only 12 Months to Change 30/06/19 30/06/18 $’000 % Australasia / North America Packaged 7,905 7,382 523 7 UK / Europe 10,919 5,614 5,305 94 Cel
Slide 14: Outlook
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Outlook For personal use only The Company continues to focus on its three key strategies: Our major brands continue to perform well with sales of the • Grow export business McGuigan brand incre
Slide 15: Outlook
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Outlook (cont.) For personal use only In 2019 the Company invested $16.2 million on capital projects A normal 2020 vintage will more than offset the higher cost of covering winery and packaging
Slide 16: Wine Show Results / Key Brand Facts: McGuigan
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Wine Show Results / Key Brand Facts For personal use only McGuigan In FY19 McGuigan received a total of 464 trophies and medals, including: 26 Trophies ~ 93 Gold medals ~ 167 Silver medals In
Slide 17: Wine Show Results / Key Brand Facts: Tempus Two
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Wine Show Results / Key Brand Facts For personal use only Tempus Two In FY19 Tempus Two received a total of 241 trophies and medals, including: 4 Trophies ~ 44 Gold medals ~ 74 Silver medals
Slide 18: Wine Show Results / Key Brand Facts: Nepenthe
Key Points Australian Wine Industry Business Results & Summary Outlook Wine Show Results / Key Brand Facts Wine Show Results / Key Brand Facts For personal use only Nepenthe In FY19 Nepenthe received a total of 243 trophies and medals, including: 3 Trophies ~ 37 Gold medals ~ 64 Silver medals Melb