Australian Vintage Ltd · ASX:AVG
Australian Vintage — FY2025 Earnings Presentation
19 slides from Australian Vintage's earnings presentation, Aug 21, 2025
Slide 1: FY 2025 Full Year Results
FY 2025 FULL YEAR RESULTS AUGUST 2025 Presenters: Tom Dusseldorp, Chief Executive Officer Adam Rigano, Chief Financial Officer 1
Slide 2: Disclaimer
Disclaimer The presentation has been prepared by Australian Vintage Limited (ACN 052 179 932) (“AVG”) (including its subsidiaries, affiliates and associated companies) and provides general background information about AVG’s activities as at the date of this presentation. The information does not pur
Slide 3: Australian Vintage Overview
AUSTRALIAN VINTAGE OVERVIEW 3
Slide 4: ASX listed, $257m FY25 Revenue
ASX listed $257m FY25 Revenue A world class, globally recognised #3 Largest winery in AUS wine company Exceptional production Distributed in 40+ Consumer- led facilities with capacity to countries wine business absorb planned growth #1 Global leaders in no and low alcohol Industry leading ESG creden
Slide 5: Three-year plan driven by 4 key levers
Our three- three-year plan is being driven by 4 key levers: Free Cash Flow Reduce Inventory Grow Revenue New Markets Achieve free Reduce Innovation to Grow Asia & cashflow of inventory by deliver over North America +$20m +40m litres +$40m +$20m 5
Slide 6: AVG on track to execute the strategic plan and targeted financials
1 AVG is on track to execute the strategic plan and targeted financials FY25 FY25 – Year 1 FY26 – Year 2 FY 27 – Year 3 FY 28 – Year 4 Drive growth and optimise cost base Maintain core & optimise cost base Drive growth & optimise cost base Accelerate Growth Board renewal Accelerate topline growth Ac
Slide 7: Free Cash Flow
FREE CASH FLOW 7
Slide 8: Optimising cost base and accelerating innovation to drive cash generation
1 AVG focused on optimising cost base and accelerating market leading innovation to deliver the strategic plan & drive cash generation Significant YOY improvement in cash generation with a Disciplined cost control and operational efficiencies trajectory to return to positive cash FY26 delivering >10
Slide 9: Financial Snapshot – 2025 vs Prior Year
1 Financial Snapshot – 2025 vs Prior Year Movement Movement • P&L performance in H1 negatively impacted as we focus on cash flow in Reported Profit & Loss FY25 $m FY25 to rebalance as planned by FY26 and beyond $m change % change Revenue $257m -$3m -1% • Earnings includes one-off first-time implemen
Slide 10: Future cash generation across the entire supply chain
1 Future cash generation focused across entire supply chain through cost-out & top-line growth initiatives Innovation & Market Grape Sourcing Asset utilisation Supply chain expansion Targeting $6- $6-10m reduction Active discussions remain Targeting $2- $2-3m reduction Top line growth remains key vi
Slide 11: Growth Through Brands and Innovation
GROWTH THROUGH BRANDS AND INNOVATION 11
Slide 12: Expanded core and innovation brands to target growth in FY26
AVL has expanded core and innovation brands across the global market to target growth in FY26 1. CORE 52M Bottles / 100 bottles a minute* 5M Bottles 0.9M Bottles 0.4M Bottles Recruit with Flavour & Refreshment Unlock New Occasions with Format 2. NEW 12
Slide 13: Poco Vino - Groundbreaking innovation launched globally in 2025
2 POCO VINO - Groundbreaking innovation launched globally in 2025 Strong Sales vs Target of 2 UPSW in UK • Poco Vino is a game changer in Delivering to 2 Key Category Opportunities Rose & Pinot Grigio the stand outs Via Format & Increased Relevance reimagining how people shop & share wine o Recruiti
Slide 14: Flavour innovation and McGuigan delivering profitable growth
2 Flavour innovation & Supporting global icon brand McGuigan is delivering profitable growth in global markets Leader in consumer led wine innovation and core brand growth Prosecco + Aussie grown Real Citrus Fruit @ 9.5% ABV • New global innovation launched in H1 with Lemsecco spritz with increased
Slide 15: Strategically investing in the portfolio mix
2 Strategically investing in the portfolio mix to boost growth and strengthen market leadership Investing in Step change Strategic partnership Core Brands consumer led innovation opportunities • Investing in brands and geographies • Consumer led disruptive innovation to • Pursuing partnership, conso
Slide 16: Summary
SUMMARY 16
Slide 17: FY2025 Highlights
FY2025 Highlights Focus on delivering free cash flow and shareholder value • Cost out programs, innovation and market expansion reducing cash outflow with a trajectory to achieve full year cash neutrality in FY26 • Investment in innovation and growth in lighter varietals mitigating the impact of com
Slide 18: Outlook
Outlook For FY26 and beyond key actions are already underway to deliver positive free cash flow targets • Maintaining core brands in a softening wine market • Investing in margin accretive innovation to drive revenue growth • Expanding and accelerating global launch and ranging of Poco Vino and Lems
Slide 19: Definitions
Definitions • Revenue = Gross sales less rebates and discounts (also known as Net Revenue) • Margin = Revenue less cost of goods sold • EBITDAS = Earnings before interest, tax, depreciation, amortisation and SGARA (Self generating and regenerating assets) • EBITS = Earnings before interest, tax and